State Street reviews

3.4

59% would recommend to a friend

(10,469 total reviews)
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Ronald O’Hanley

69% approve of CEO

56% positive business outlook

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
Feb 9, 2010
Recommend
CEO approval
Business Outlook

Pros

Strong company Flexible Working Pay - 1st Year Good Benefits & Holidays

Cons

Pay rises minimal. Only get substantiial if you have another job to go to. Maybe to little to late by then. Last year, no pay rises or promo's across the company, bonuses halved. This year ? Not counting my chickens

3.0
Feb 8, 2010
Recommend
CEO approval
Business Outlook

Pros

Typical bank structure one would expect, however, the mind set is a bit more risk averse similiar to other custodial banks. The name of the game is slow is and steady. The entire busines is based on holding everything in place.

Cons

Compensation is modeled on back office work and not very competitive. Good place to gain experience earn your stripes and then move somewhere else. Or when you are ready to throttle down come and join this steady environment.

3.0
Feb 7, 2010
Recommend
CEO approval
Business Outlook

Pros

The benefits package is good. They offer quality health care plans, dental, and vision. Also, automatic $50,000 life insurance with ability to purchase more term life. Disability insurance offered at 50% or 70% of your salary. There is a 6% match on 401(k), and last year they did an additional bonus to 401(k) of 6% your earnings that year. I don't think that will happen every year and will depend on how the company does. There is only a 1 year vesting requirement for the 401(k) match. They allow 2 days off to volunteer, 3 personal holidays, 9 NYSE holidays, and 2 weeks vacation when you start. You get 3 weeks vacation on Jan. 1st of your 3rd year. So, if you started in the middle of 2008, you will get 3 weeks of vacation in 2010. You can also buy/sell up to 5 days of vacation as long as you have 2 weeks remaining. A decent fitness center for $20/month is onsite. Most people are pleasant to work with and helpful. There is pretty good job security. You have to do something awful to get fired.

Cons

The salary is not the greatest, but it's better than being unemployed. Due to some of our revenues being tied to the market value of clients' portfolios, raises/bonuses were not good last year. We'll see how it goes this year. I was told that in the past they would give decent raises every 6 months, but "due to the economy" no one received a raise at the end of 2008 and it looks to be minimal raises for end of 2009. Bonuses for the end of 2008 were minimal also. You have to pay $53.60/month for parking in a covered garage since it is a downtown office.

Viewing 10312 - 10314 of 10,469 Reviews

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