State Street reviews

3.4

59% would recommend to a friend

(10,471 total reviews)
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Ronald O’Hanley

69% approve of CEO

56% positive business outlook

State Street has an employee rating of 3.4 out of 5 stars, based on 10,471 company reviews on Glassdoor which indicates that most employees have a good working experience there. The State Street employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

10K reviews
4.0
Jun 6, 2011
Recommend
CEO approval
Business Outlook

Pros

Good industry experience in a laid back setting. Opportunity to work hard with the right work-life balance that is hard to find in the financials services industry.

Cons

Depending on the role, one's position can often feel a bit removed from the bustle of the financial services industry, aka a finance backwater.

3.0
Jun 3, 2011
Recommend
CEO approval
Business Outlook

Pros

Work From Home arrangements Career advancement opportunities Promoting from within Benefit package (excluding compensation) is above average

Cons

Email. Email. Email. Everyone receives over 200 a day and it never stops. Pick up the phone already. In today's economy it's a CYA environment. This starts from the Sr Mgt; let's worry less about placing blame and institute appropriate controls instead. Although the notion of cost cutting is impressive, cutting costs by offshoring activities is going to come back to haunt State Street. The level of service provided by State Street's JV is sub par at best.

2.0
May 31, 2011
Recommend
CEO approval
Business Outlook

Pros

State street has good benefits, and a good retirement savings match (5%). Another good thing about State Street is you can take a break whenever you like with no one looking over your back all the time.

Cons

Starting salary is now a terrible 28K for fund accountants, miserable. It was 32K when I started. State Street has very limited career advancement in the long term. Most people only work here for about 5 years or so and move on because they realize it is pretty much a dead end. Becoming a manager means only making about 2,000 more a year than a senior accountant, not much for the amount of work you take on.

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