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      State Street

      Engaged Employer

      State Street reviews

      3.4

      59% would recommend to a friend

      (10,463 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 10,463 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 29, 2008

      Work hard and you will move up - however the poor compenstaion is unfair.

      Fund accounting manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      State Street is a good company for an entry level employee/recent graduate as many of your peers will be in the same situation. Good place to learn how to conduct oneself in the workplace and see the dynamics of a large corporation.

      Cons

      The pay is the worst. Almost insulting. Management is always looking to find out why there is high turnover etc. I feel that some of the turnover from high performers is due to the lack of compensation. It is all well and good to be told you are doing a good job but not getting paid fairly for it is demoralizing.

      4.0
      Sep 27, 2008

      Manage your expectations

      Senior associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      Despite the recent market turbulence I feel that STT is a growing, challenging place to learn and work. I have never felt that there was a period where I didn't have the opportunity to learn new services, products and systems. In the areas that do flex time, it is a great benefit that helps compenstate for the less than stellar compensation on the servicing side of the business.

      Cons

      The communication flow from senior management is not impressive. It was two and a half weeks after Lehman went under before we saw a company wide email from Ron Logue. Even within departments that I have worked, there is no clear communication of what the longer term vision is for the department other than make it to Friday. I understand that the marketplace is very dynamic right now but longer term vision seems to take a permanent back seat to daily operating survival tactics. Lastly, many of the lower level managers in place are not competent but merely placed in that role because "the req needed to be filled or we would lose it." That does not send a very comforting message to staff who are already in those roles and busted their humps to get there.

      4.0
      Sep 21, 2008

      Put in the time now and it will pay off later.

      Fa
      Recommend
      CEO approval
      Business Outlook

      Pros

      Working at statestreet is an opportunity to gain industry knowledge through exposure to a wide client base. Servicing client portfolios gives insight into the workings of the financial system. For those changing industries, some entry level jobs do not require experience in the financial service industry to start.

      Cons

      Everyone does there own thing and little guidance is given until you make a mistake. The workload can be difficult to start, but once you get the hang of it, it becomes a pretty routine. The office is busiest near the end of each quarter. Do your job and be ready to move on when an opportunity presents itself.

      Viewing 10429 - 10431 of 10,463 Reviews
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      ReviewsState Street reviews

      Glassdoor has 11,898 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.