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      State Street

      Engaged Employer

      State Street reviews

      3.4

      59% would recommend to a friend

      (10,465 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 10,465 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
      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.

      2.0
      Feb 27, 2011

      Good place to get initial experience but dont make it a career.

      Portfolio accountant
      Recommend
      CEO approval
      Business Outlook

      Pros

      Gret place to get entry level accounting experience. Good hours Good benefits Nice building Associates are good people Work from home access for some

      Cons

      The harder you work the more work you get, the more you mess up the less you get. Management doesnt reward hard work they reward negative work. Work has gone to a manufacturing scheme, meaning you dont do accounting, you do data entry for one piece, wouldnt be suprised if all work is moved to India in 10 years.

      Viewing 10390 - 10392 of 10,465 Reviews
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      Glassdoor has 11,900 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.