Good first time job for experience, low salaries. - Anonymous employee State Street Employee Review

3.0
Nov 9, 2008
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

A way to to set foot in the industry for recent grads, especially if you do not have a business degree. You can gain experience and basic business knowledge by working here. The also have online training courses in various business, economic, financial, and accounting topics.

Cons

Extremely low salary compared to competitors, especially for entry level employees. Entry level workers are actually paid hourly and work less than 40 hours a week (can depend on the department you land in). They say you get paid overtime and bonus pay. However, overtime hours are closely monitored and need to be approved so you cannot always count on this additional source of income. With bonus pay, the increase of income is not even close to matching the base pay of other companies within this industry. There is high turnover, partly due to the low salary, partly due to the lack of challenge in the job. It becomes a routine. Good to stick around for 1-2 years, then move on.

Explore other reviews about State Street

5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Own book runner and strategy. Good work life balance. Good working environment and nice people to work together

Cons

No much growth. Promotion to VP or higher is even forbidden based on company policy. Instead, ask people to move to different role. It doesn't make a lot of sense since it encourage people to find a new job.

2.0
Jun 21, 2026
Recommend
CEO approval
Business Outlook

Pros

The company has a great severence package. Unfortunately thats a pro because they are laying off workers every 3 months until most of operations are offshore. Decent 401k match and vacation.

Cons

Layoffs, pay is low. Return to office mandate.

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