State Street reviews

3.4

60% would recommend to a friend

(10,447 total reviews)
avatar

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
1.0
May 14, 2014

Went really downhill

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

+ Convenient if you live around Boston or Quincy + Some groups are "okay" if you're lucky + 401k is ok + Wasn't very hard to get in

Cons

- No work/life balance - Increasingly already excessive work load - Minimal raise/bonus for associate to manager level - Multitude of frequent systems/application issues, IT support is absolutely useless now - No one has complete access of everything. - Minimal hiring despite getting more business, just less and less bodies for more and more work - Upper management is distant and aloof - Very high turnover. Layoffs are always recurrent, as is outsourcing. People looking for greener pastures, can't blame them. - Other places pay better I heard - Work culture here does not reward hard work, or loyalty Management have taken the goal of taking care of the shareholders to the extreme at the expense of overworking its employees to the limit. They have become obsessed with cost-cutting. My department has been decimated by waves of layoffs and outsourcing for several years then comes the slow, painful grind for those that remain. Teams become skeleton crews, everybody is overworked and disgruntled....NOBODY is happy, not just my dept.. God forbid when someone calls in sick or goes on maternity or even vaca. People get stressed, then burned out completely. Many have quit on their own...which is ingenious on SS's part since there's no severance needed. It does result in a huge vacuum of knowledge and efficiency with losing so many people, not that they care. People logging in after getting home, working in the weekends, work past midnight, do 12+ hr days is NOT work/life balance. Worst is those on salary with no OT. Everyone on my end is exhausted and miserable.

1.0
Mar 27, 2014
Recommend
CEO approval
Business Outlook

Pros

Casual Friday Benefits Work / Life Balance

Cons

There are so many things wrong with State Street. 1. A starting salary of $32,000 is abysmally low. My friend's manager has been with the company for 12ish years and is stuck just above $50,000. 2. The training is a mixed bag. The in class training you receive when you start is actually very well done, and taught by very capable teachers. Unfortunately, it hardly prepares you for the floor. Training on the floor is downright horrendous. You'll be taught one thing, and then five minutes later they'll change their procedures and tell you you're doing it wrong. Furthermore, many of the employees don't have accounting backgrounds so they know how to press the buttons but they can't really tell you what you're doing. 3. Typical corporate douchebaggery. 4. You don't get lunch breaks. You do when you start. Then they go away. Pretty sure that's illegal.

1.0
Feb 6, 2024
Recommend
CEO approval
Business Outlook

Pros

Only pro is PTO, but very hard to request to take off if manager doesn't care to reassign tasks.

Cons

A lot of cons - If your team has someone named: Sayed Ali Khan, Christopher Adkins, Andrew Widtel as your manager, DO NOT WORK HERE or request a different team to work on. These two people do not care about your mental well being. They will work you to the death. They will threaten to bring you to HR for the below: missed an email in a sea of hundreds of daily emails instead of giving you a nice reminder, will give you an attitude if you ask for help on the same items more than once, will call you out if you're just 1 minute late back from a 30 minute lunch, can't go to the bathroom for longer than 3 minutes without them asking you where you been. They will also never talk to you in person even if they sit next to you, but instead resort to online chat. They will never offer help if you are slow at your new tasks, but instead yell at you and ask why don't you know how to do it by now. They will ask why you are taking PTO when requesting it even though this is a personal matter. Overall, they will step all over you to take credit for how good the team is doing. There are hours overtime everyday, so if you value your work-life balance, definitely do not work here. THE PAY IS STAGNANT and you will lose money due to inflation. I was a fund accountant for 3 years and only got paid the same amount. The only way to get a better pay is to get promoted but even then, that's only like an $8,000 annual salary boost. I can't see how anyone would choose to stay at this company for longer than 3 years.

Viewing 19 - 21 of 10,447 Reviews

Glassdoor has 11,877 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.