State Street reviews

3.4

59% would recommend to a friend

(10,461 total reviews)
avatar

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 10,461 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
3.0
Jul 3, 2015

It

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great place to get your foot in the door. Great people

Cons

Pay absolutely sucks. People who get paid more don't do anything

3.0
Jun 26, 2015
Recommend
CEO approval
Business Outlook

Pros

- The people. Your co-workers are all in their twenties and you will have plenty of fun. The Sacramento office has a ping pong table, fun location, and some really great people. - You're in an office environment with a good name on your resume. You can say you have been there, done that with regards to some legitimate finance experience. It is back office work, but you can easily spin it to sound halfway decent. - You will learn some... not a lot, but some. After a few months, it is mostly repetitive steps you have seen thousands of times. - There are some real Excel gurus in the office. Learn from them as much as possible.

Cons

- Repetitive, super boring work. - If you're a decent employee, they will quickly overload you with tons of stuff to do. - Frustrating, with little help from management (a byproduct of promoting some young employees quickly). - After a few months the learning quickly evaporates. - Middle management - officer & AVP - are some questionable employees.

1.0
May 13, 2015
Recommend
CEO approval
Business Outlook

Pros

State street has decent benefits and the ability to work from home. WFH is nice but quickly becomes a two edged sward.

Cons

In recent years State Street has become very hostile to it's employees. Work from home was introduced as a way to have a work life balance but has turned into an expectation that yes, you can take your child to the doctor for their 104 degree fever but you better be logged in from home working until 11pm tonight. Compensation has also become a thing of the past. Every year the company brags on how well we've done only to turn around a few weeks later and make excuses why for yet another year they can not afford to give raises to all but 20% of the company. Lastly, it is no longer a place to grow a career. State Street is constantly trying to lower the bar. Promotions are based on the lowest bidder and if you have been in your position for a few years you are considered overpaid and you are laid off. There is a reason State Street so aggressively pursues college seniors. They are cheap, naive, in experienced, and will not stay around long enough to move up the pay scale. At best, State Street is a stepping stone to a real job. Do not consider this a long term opportunity.

Viewing 100 - 102 of 10,461 Reviews

Glassdoor has 11,895 State Street reviews submitted anonymously by State Street employees. Read employee reviews and ratings on Glassdoor to decide if State Street is right for you.