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
4.0
Jun 13, 2008
Recommend
CEO approval
Business Outlook

Pros

Large company with opportunity to move up and sideways. It is a good place to learn many important aspects of the financial services industry. They have good training programs and are pretty well organized.

Cons

They don't pay as much as other organizations. Management may attempt to limit your advancement if it serves them. You really have to fight to get exposure to other parts of the organization if you're trying to change career paths. It's possible but not easy.

2.0
Jun 13, 2008
Recommend
CEO approval
Business Outlook

Pros

I'm in State Street Global Markets as a contractor, so I can't comment on the benefits because I'm not familiar with them, but as a workplace environment, it's a tough place to guage- there's really no uniformity to the way things are run. This can be a benefit depending on which department you're in and who you're working under. I'm able to work from home sometimes, and the lack of process in what I'm doing makes it easier for me to implement my own ways of doing things. The money is pretty decent as well. I'm a contractor, but I'm working 50 hours per week.

Cons

Management management management. Some of Senior Management is great, and some have no idea how to run a staff or how to put good middle management into place.

3.0
Jun 12, 2008
Recommend
CEO approval
Business Outlook

Pros

STT offers competitive salaries and a laid back atmosphere. It is not particularly demanding and does not require advanced degrees or licensing. There is a lot of room for advancment as well as transfer opportunities all over the world. The dress code in some CA offices is jeans, a collared polo shirt and sneakers. Shorts are permitted in the summer. The nature of the work is mostly accounting reconciliation, analysis and book keeping for large state pension funds. Sample hours for a entry level canidates might be 7am-3pm.

Cons

Some may find the starting salaries quite low, but over time is pretty generous at 1.5x normal, especially if you are a hard worker. It is possible to earn 20% more in OT in a given year. There are time off restrictions because of month end auditing, but coming in on weekends is a rare request. The training new hires receive is far below what similar hires might receive from other firms. This can make for a difficult transition for those with a slow learning curve.

Viewing 10456 - 10458 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.