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
4.0
Apr 15, 2009
Recommend
CEO approval
Business Outlook

Pros

Good benefits and potential to grow

Cons

Large company loses knowledge of what goes on with each individual group

5.0
Apr 12, 2009
Recommend
CEO approval
Business Outlook

Pros

Given the group or unit you are assigned to there can be significant opportunities for fast advancement. In 2007/2008 when the economy was trucking along there was very consistent movement in USIS fund accounting and you could expect a promotion in 9M-1+1/2YRS and another promotion again in the same time. The benefits package is great and you are with a company which offers many programs for networking and learning. Depending on your career path you can have your higher education paid for! If you enter the company in the US Investor Services side you can eventually move to training, asset management, and other specialized internal units which service others. If this is your first job out of college it's a great introduction to the office environment. Many younger workers are on the floor of the mutual fund accounting area and it can make for a lively environment which helps to resolve the periodic increases in stress on the job. Certain times of year may mean long hours but that is traded if with periods of less activity. If movement within your unit is lacking, be sure to use the internal job board to go after the promotion and raise you deserve. Take notes and learn what your doing! Take advantage of internal education classes and mentorship programs, a guaranteed way to get noticed.

Cons

Currently there is a hiring freeze, I believe the freeze will be up within 6 months to a year but that along with the survival of the company is dependent on the financial sector. Chances for survival looked a little grim there when we were down to <$10. The job can be stressful and 48+ hour weeks occasionally do happen(which you will be paid well for). There are chances that the client base of USIS will be shrinking for a few months after the recovery fully takes hold. There are units where the older employees don't care about moving up, which doesn't allow the younger employees room for movement. That is when you need to use the job board and actively pursue your promotion.

3.0
Apr 8, 2009
Recommend
CEO approval
Business Outlook

Pros

The company is good to its employees and I feel a sense of accomplishment in what I do. I enjoy the atmosphere and feel overall things are fair.

Cons

Too many demands and competing priorities, sometimes difficult to get ideas across and make change.

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