State Street reviews

3.4

59% would recommend to a friend

(10,461 total reviews)
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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 12, 2008
Recommend
CEO approval
Business Outlook

Pros

Training is abundant. Support for education and carreer development is good. Stability of job and exposure across teams is one of the more important aspects of my satisfaction

Cons

Teams are too siloed, which can limit cross team/ business unit collaboration. Pay is not excellent and advancement is tough... I have been told in the past that I deserved a promotion but there were no "spots" available...

4.0
Jun 11, 2008
Recommend
CEO approval
Business Outlook

Pros

State Street provides fair compensation with a good benefits package in a Fantastic! working environment. The employees by far and large are very friendly and caring. The working environment is relaxed and comfortable. There are many opportunities to grow as a person and an employee.

Cons

As with all companies that have a large amount of entry-level jobs there is a noticeable amount of turnover. At times this can cause under-staffing issues that other team members will have to make up for. On the bright side though this does mean a fair amount of overtime on a yearly basis can be available. Stellar performers will often feel underappreciated and stifled by the corporate atmosphere... but a solid 95% of employees will love the opportunities available to them at State Street.

2.0
Jun 11, 2008
Recommend
CEO approval
Business Outlook

Pros

If you are interested in back office/operations side of financial market it's a good place to start off. State Street also offers great opportunities for movement within the company. Most of the staff here are young people with similar mind sets who can get a long pretty well.

Cons

State Street as a whole is a great company and I’m sure other groups may feel different than me, but I can only speak from my experience with my particular group. First downside of working in our group is the lack of recognition and appreciativeness we should be getting for doing our work or making certain processes better. The only time we really talk to our managers is when there is an issue or if something happened that caused problems. I have never really talked to my manager about anything else. Second downside of working in my particular group is the pay. We get paid 30k a year with overtime; however even with overtime at most we are going to get paid 32k, or 33k a year. I do admit our work isn’t the most difficult nor is it going to be making any money for State Street, but I believe the compensation should be a bit higher. I have also heard stories about the willingness for State Street to pay at a higher rate only when a worker threatens to leave. It’s too bad I do not look forward to coming to work like I did at my previous job.

Viewing 10459 - 10461 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.