State Street reviews

3.4

60% would recommend to a friend

(10,450 total reviews)
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Ronald O’Hanley

69% approve of CEO

57% positive business outlook

State Street has an employee rating of 3.4 out of 5 stars, based on 10,450 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
Aug 11, 2009
Recommend
CEO approval
Business Outlook

Pros

State Street has an excellent reputation within the financial services industry. The name will be recognized on your resume. Provides good training and financial analysis experience.

Cons

Pay is very low compared to similar positions in the industry. The room for growth seems on the slower side. Raises are not given after 1 year of employment. Small bonuses

3.0
Aug 6, 2009
Recommend
CEO approval
Business Outlook

Pros

Young and aspiring professionals/peers, casual dress code, supportive director, great people to work with, extremely diverse, emphasis on social responsibility and sustainability. Many office events i.e. July BBQ, Cinco de Mayo, Thanksgiving, Christmas, etc.

Cons

Work can get dull and repetitive. Middle management needs more training on people skills and leadership skills. Mandatory overtime in the beginning of the month (month end)

2.0
Aug 2, 2009
Recommend
CEO approval
Business Outlook

Pros

As a senior associate with State Street Wealth Manager Services you will gain a significant amount of experience in the administration of client accounts. This is a benefit but also a hinderence as the client service associate is continually asked to take on more responsibility as other internal departments pass on the work load to the client service teams. There is an obvious push for internal departments to have little or NO contact with external clients. This is a poor decision as the client serivce teams do not have sufficient resources to provide a proper level of client service to the divisions clientele.

Cons

As a senior associate, you will have little or no opportunity for professional growth and or promotion with in the division. Current mid level management were not promoted to their positions from within the division, in stead, they transferred in to the divison or were hired externally. As a senior associate, this is extremely frustrating as a you will find yourselft "Training" your manager whom in many cases never performed the duties of the client service administrator. This would not be so bad if management actually solicited input from the client admin staff on important procedural changes; unfortunately current management does not.

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