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      State Street

      Engaged Employer

      State Street reviews

      3.4

      60% would recommend to a friend

      (10,484 total reviews)
      avatar

      Ronald O’Hanley

      70% approve of CEO

      57% positive business outlook

      Ratings by demographic groups

      State Street has an employee rating of 3.4 out of 5 stars, based on 10,484 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
      Mar 1, 2011

      Enjoyed the work, hated the politics

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      pay is good, though bonuses have been very poor for several years

      Cons

      Colleagues are good, but middle management is neither inspiring staff nor executing on corporate goals

      4.0
      Mar 1, 2011

      Good place to start not to stay

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      F l e x i b l e w ork arrangements, relaxed and friendly atmosphere, scope to learn a lot

      Cons

      Salaries are below the market and HR practices for hiring favor external candidates pay wise, 10% cap on salary increases for internal candidates

      2.0
      Feb 27, 2011

      Underpaid for the level of productivity achieved.

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      State Street is a good place to get a start. In the beginning, the learning curve is difficult as those with a non-finance related background may have trouble learning the ins and outs of bank operations. But there is a sense of achievement when SOP is finally learned and carried out efficiently. A very laid back position is taken in terms of vacation time and the benefits are outstanding. Limited tuition reimbursement is also available but with many conditions.

      Cons

      Under appreciation and the rate of compensation is a little unreasonable. Opportunities for growth are limited unless you are willing to commit in full to a long finance career at State Street. Cost cutting is a major issue for State Street even when healthy profits are reported. Layoffs are recurring in the company even in times of general prosperity.

      Viewing 10156 - 10158 of 10,484 Reviews
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      Glassdoor has 11,920 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.