State Street reviews

3.4

60% would recommend to a friend

(1,846 total reviews)
avatar

Ronald O’Hanley

70% approve of CEO

58% positive business outlook

Reviews by job title

2K reviews

Reviews about "Compensation"

Return to all reviews
2.0
Feb 16, 2024
Recommend
CEO approval
Business Outlook

Pros

- Long-standing, stable firm doing important work in a vital industry - True innovation happens here, depending on where in the organization you work and how well funded it is - Culture from middle-management down supports new ideas and values manager/employee relationships - Decent opportunities if you're a very high performer, have a thick skin and a lot of patience - Good bonuses, but again, only if you're a high performer

Cons

- Company can't get out of its own way with an insane level of red tape, antiquated policies and overly-complicated employee communications - Innovation is squashed more often than not due to hilariously low budgets and staff resources, even in critical areas of the business - While middle-manager/employee relationships are often healthy, executives (EVPs) severely undermine them with rash decisions and surprise policy changes that leave everyone wondering if they're deliberately trying to wreck the company - Alarming trend down in the promotion policy that requires even junior employees to apply for their own role — if they don't get it, they're gone - Forced return-to-office applies largely to the US and nowhere else in the world, leaving a huge part of the workforce feeling unfairly targeted - Lower and lower base pay that is now well below market average, with no cost-of-living increases (many, many years of 0% change) - The company does not invest enough in people or technology to do the essentials, so many people are constantly overworked (60, 70, 80 or more hours per week)

5.0
Feb 14, 2024

Good Learning

Recommend
CEO approval
Business Outlook

Pros

Employee friendly , lots to learn as we transtioned the process

Cons

They do not pay as per market standards

4.0
Feb 14, 2024
Recommend
CEO approval
Business Outlook

Pros

Good benefits, family oriented, competitive salary

Cons

Long hours, low pay compared to industry

Viewing 283 - 285 of 1,846 Reviews

Glassdoor has 11,942 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.