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
2.0
Mar 12, 2010
Recommend
CEO approval
Business Outlook

Pros

For this position, State Street provides overtime during heavy load times like Month-End. Generally, the work environment is pretty relaxed. Casual Fridays and monthly lunch parties were typical in my Fund Group

Cons

The job is very mundane and repetitive. My experience was that management didnt really have a good grasp on what *exactly* were tasks they were doing. For example, many of my managers didnt know, or were unable to explain, the definition of standard things like, "term-loan", "swaps", "securities on loan." The explanation i *did* get, was how those things apply to State Street's functionality - which is not very useful when you are trying to expand your functional knowledge, or get a greater grasp of business fundamentals.

1.0
Mar 8, 2010
Recommend
CEO approval
Business Outlook

Pros

-Hires anyone with a pulse -Show up, work about 40 hours a week and you'll probably be promoted within 2 years. -Fantastic benefits package rivaling anything available from any KC based company -Some good coworkers -Plenty of work life balance allowing you to make professional contacts for your next job elsewhere -Safe parking garage downtown with convenient access from the highways while avoiding all downtown traffic

Cons

-Pay (both salary and bonuses are worthless) -During poor economic times don't expect more than a 1% raise even if you are rated well above average! -Other companies don't know enough about State Street to care about your "job experience" that you will develop here -For Kansans, the extra MO taxes, parking, driving cost, etc... really eats up your income fast. Do the math before taking the job as you may make more with a KS company at a lower salary -Attached parking garage is almost $60/month now. Average lunch price in cafeteria is nearing $7. -Company has banned fans, radios, personal heaters, crock-pots on food days, coffee makers, cell phone chargers, and anything else electrical you may want to help bring life into the putty colored sea of cubicles.

2.0
Feb 22, 2010
Recommend
CEO approval
Business Outlook

Pros

It is not a bad idea to work here to get your foot in the door in the financial industry and then move elsewhere (ie. asset management, private equity).

Cons

It is a grueling job with little respect. Also, the hiring standards have gone down and it is difficult to retain the best.

Viewing 10297 - 10299 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.