State Street reviews

3.4

60% would recommend to a friend

(10,449 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 10,449 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
Apr 28, 2009
Recommend
CEO approval
Business Outlook

Pros

It is an easy job to get right out of college, you do not need a degree in accounting - or any business related field. It is good experience if you have a degree in marketing, communciations, sociology, etc. and want to get some background in accounting or other business realated field. Although hiring is at a standstill or very slow right now, it was once an easy job to get and once the economy turns around, it is a decent place to get your foot in the door. The role of a fund accountant is very non stressful. You will do an average of about 1 hour of work a day, the rest of the time is used to shop, search the internet, or stare at your desk. For some people, this will be extremely boring, but for others it is a relaxed atmosphere where most poeple will be at about your age (young college grad 21-24.) It is a very diverse atmosphere where you can learn interpersonal skills that will be beneficial when looking for better jobs. Tuition reimbursement is a huge plus - and should be taken advantage of to lead to better things..

Cons

The compensation is downright embarassing. The low pay leads to a horrible work place moral where almost everyone hates their job. Promotions are soley based upon how long you have been there, and the slum stay the longest (your boss will most likeley be your boss because they couldn't get a job elsewhere), The top talent will almost always leave within 1 year, when they become fed up with the job and realize they can make more money elsewhere and take on a more important role. Your voice will almost never be heard - you can be replaced very easily - especially in this poor economy where people are just looking for any type of job. Getting paid 33,000 a year - about $15-16 an hour for a college graduate is insanely low but once again - you can be replaced easily. The job itself will almost never transfer to useful knowledge. The work consists of clicking a few excel macros (trust me you will hate them) everyday - thats about it. Management does not do a good job of telling you whey you do things - just making sure you do them. I would not recommend this job unless you can not find anything else.

2.0
Apr 24, 2009
Recommend
CEO approval
Business Outlook

Pros

Work-Life balance. Not too very challenging tasks - easy. Because of the relatively unchallenging atmosphere, you can meet and make some good friends. Great for ppl who are content with consistent job responsibilties and expectations. Great health and medical benefits, pretty close to full coverage. Excellent pension contribution program: company contributes 5% and matches your contribution of 1-2% in addition. You can develop excellent MS Excel skills.

Cons

Not very challenging. Not very many opportunities to grow, professionally and intelletually. It almost seems like a white collar assembly line, where each postion and department is responsible for a small part of the final product. Pay is approx 15-20% below market.

5.0
Apr 17, 2009
Recommend
CEO approval
Business Outlook

Pros

It is a well respected financial institution. There are great opportunities for advancement if you are willing to be a dedicated hard working employee. Along with that, management is respectful of the employees and are very forth coming when you have done a great job and also give helpful feedback when completing evaluations. I have had a completely positive experience during my internship at State Street and feel that the internship opportunity really gave me a lot of hands on experience that I may have not learned at other companies during an internship. Anyone would be very lucky to have a chance to intern or work for State Street.

Cons

Lower end of salary compensation.

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