State Street reviews

3.4

60% would recommend to a friend

(10,447 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 10,447 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 31, 2008

Greater Boston Opportunites

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Lots of opportunities around the Boston area

Cons

The organization is so large, employees may feel like their lost. The computer infrastructure for employees was fairly old when I was working there, although it may be better now. This led to some crashes every now and then. My biggest gripe was with the User ID/Password access which took weeks to get after my employment. At one point in time there were 3 employees using the same access rights.

4.0
Jul 11, 2008
Recommend
CEO approval
Business Outlook

Pros

Good entry level position. They will often accept and train those without a business degree, which was key for me. I started out (at IBT, which State Street took over) as a Politics major with no previous business background. While it was a bit of trial by fire, I was able to move around the company, and learn many different aspects of the business. To a large degree, it is what you make it. You can come in, put your hours in without much thought, or you can make your own projects to improve the processes. Don't wait for anyone to give them to you - they won't. There are too many people there for them to care if all of the Rep I team members are advancing.

Cons

Its very much about who you know. Its very easy to get used to thinking about your little piece of the pie, and ignore everything else.

5.0
Jul 3, 2008

Cares about employee development

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

State Street as a company encourages growth and development. While working for State Street (in relatviely junior roles) they have taken me from working in London, to the headquarters in Boston and now to Sydney (my original home). I now have a regional role in a field completely different from what I started my career in and this is all down to the development opportunities I have been offered. My manager is supportive in terms of flexibile work arrangements and I currently have the option to vary my start and finish times, work from home and compress my work week when neccessary.

Cons

As it is a global company, and as I work on global initiatives, there can be days with long hours, especially when dealing with global conference calls. Unfortunately the Asia time zone always seems to come out worst! Mindsets can be very Boston-centric at times with many initiatives having a strong US bias. Turnover can be a bit of a struggle in Asia, having a knock on effect - the worse it gets, the harder it is for other staff members to keep on top of things, leading to more turnover. That said, it does create opportunities for others who want to move upwards.

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Glassdoor has 11,878 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.