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      State Street

      Engaged Employer

      State Street reviews

      3.4

      59% would recommend to a friend

      (10,469 total reviews)
      avatar

      Ronald O’Hanley

      69% approve of CEO

      56% positive business outlook

      Ratings by demographic groups

      State Street has an employee rating of 3.4 out of 5 stars, based on 10,469 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
      3.0
      Sep 17, 2014

      Good entry level, good benefits, not long-term, very low salary

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      benefits package is good, vacation time. Good place to spend a year or two to learn the ropes of a specific area before leaving for a company that will actually pay you in something more than peanuts.

      Cons

      Low-to-no bonuses, extremely low salary structure, makes it very difficult to stay or retain talent. Lack of compensation causes massive turnover. Constant re-shuffling of org structure, makes jobs even more cookie-cutter and unmarketable. Lots of outsourcing and cheapening of business strategy. Lots of downsizing for mid-to-high level management makes it difficult to expect good managers or retain good managers. Under-paid associate level employees make for a poor atmosphere.

      2.0
      Sep 10, 2014

      Some good, mostly bad.

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      You will learn a lot by working here. The initial training is not the best, but once you get on the floor you will learn a ton from doing the work or from colleagues, if you are fortunate to have good colleagues. Benefits are decent.

      Cons

      Pay is awful. Depending on where you are, promotions could be hard to come by, but that is more because State Street is always looking to cut costs by moving to cheaper and cheaper labor. If you see similar departments as yours being outsourced, find a new job. 401k match here is 5% once fully vested, but I do not think many people actually work at State Street long enough to be fully vested. Compared to other companies, the 401k match does not do much considering you will be taking a 10-20% pay cut to work here.

      1.0
      Jun 29, 2014

      Worst company to grow within, less paid ever

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good benefits and thats about it

      Cons

      To many things to mention that are categorized as cons. Salary is so low, intern start at 15$ which is very good but once you are full time you start with the same amount which is disappointing. T move up is very hard. There is not rules that will make you move up. Its to much politics a lot of politics, horrible environment. There are ppl who have been for 2 year and become manager and there are ppl who have been for 5 years and they still associate level, the reason is the politics. There is nor rules or tests to be given in order to promote the most qualified ones, its so disappointing,

      Viewing 286 - 288 of 10,469 Reviews
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      ReviewsState Street reviews

      Glassdoor has 11,904 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.