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      State Street

      Engaged Employer

      State Street reviews

      3.4

      59% would recommend to a friend

      (10,467 total reviews)
      avatar

      Ronald O’Hanley

      69% approve of CEO

      56% positive business outlook

      Ratings by category

      3.6

      Diversity & inclusion

      3.4

      Work/Life balance

      3.3

      Culture & values

      3.2

      Career opportunities

      3.1

      Compensation and benefits

      2.9

      Senior management

      State Street has an employee rating of 3.4 out of 5 stars, based on 10,467 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).

      Ratings by demographic groups

      Reviews by job title

      10K reviews
      4.0
      Jan 27, 2017

      You get what you put in

      Assistant director, officer, financial reporting
      Recommend
      CEO approval
      Business Outlook

      Pros

      Challenging work, good benefits and great people. They tend to have plenty of opportunities for those individual looking to advance in their careers, but you have to be willing to work for it.

      Cons

      When I first started there the work life balance was terrible but has been improving over the past two years. To be honest, at first I didn't mind it because I was eligible for OT but once I became a salaried employee, my direct reports were making more than I was during our peak production periods which seemed to be every other month..

      avatar
      State Street Response
      9y
      Thank you for taking the time to share your thoughts. We know how important internal mobility is to our employees, as well as the success of our organization, so I’m glad to hear you believe there are opportunities to advance your career at State Street. I’m also pleased to hear you say that you’ve experienced an improvement in work/life balance. This has been a focus of ours over the last few years. If you aren’t already a part, I’d encourage you to check out the Flex Work Employee Network (which was recently recognized as one of the best Employee Resource Groups in the nation!). You might learn something new that you can apply to your career or tips on how to help your employees find balance, too. -Hazel Keating, SVP, Talent Development
      1.0
      Jan 3, 2017

      Horrible culture in HR getting worse. High turnover for a reason.

      Vice president in human resources
      Recommend
      CEO approval
      Business Outlook

      Pros

      Flexible work arrangement available to most

      Cons

      Hierarchical. Inauthentic HR leaders paying lip service to the programs that HR creates for the company like Listening and Challenging debate and Diversity. Lack of leadership skills from EVP and SVPs. "Leaders" lacking sense of how HR really feels. Bad overall HR culture.

      1.0
      Oct 23, 2016

      Don't do it

      Assistant vice president
      Recommend
      CEO approval
      Business Outlook

      Pros

      The remaining staff have some quality people among them but they are few and far between. Five weeks vacation was good.

      Cons

      No work life balance. Morale couldn't be lower due to constant layoffs, heavy workloads, pissed off clients who berate you for mistakes made by COE and offshoring folks but you are forbidden to mention their existence so you just have to take apologize again and again. You might get good performance reviews but it will neither translate into a decent raise, bonus or shelter you from being laid off and walked out like a criminal. State Street was an amazing quality employer in the 80's & 90's but the leadership since Marsh Carter retired has been focused solely on cutting costs instead of growing income (this is what happens when bean counters are promoted to CEO).

      Viewing 247 - 249 of 10,467 Reviews
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      Glassdoor has 11,902 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.