State Street Derivatives Ops Specialist Jobs & Careers in Kansas City, MO

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State Street Reviews

1,281 Reviews
2.7
1,281 Reviews
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State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
404 Ratings
  1.  

    A good stepping stone to better opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant, Associate II  in  Kansas City, MO
    Former Employee - Fund Accountant, Associate II in Kansas City, MO

    I worked at State Street full-time for more than a year

    Pros

    If you are looking for a job, apply at State Street. It's a steady salary with relatively easy work. You do not need to be in accounting, finance, business - all majors are encouraged to apply. There are a lot of young workers fresh out of college, so it's a good place to meet new people, too. The employment perks include various activities, games, and having that "corporate" feel , which can be a valuable experience when working in teams. State Street has a good name recognition and its' experience can be valuable to anyone's resume when looking elsewhere. Also, vacation time is on point.

    Cons

    It is a revolving door of turnover. These young people you meet will eventually leave for better opportunities (usually less than 1 year employed), as long as they are motivated to move up in their career. State Street has availability for middle management due to this turnover, but the pay will not be worth the added stress. The pay is absolutely the biggest gripe I've ever heard. For the company to target Accounting, Finance, Business majors - all of us want more out of our job. With the promotions that do happen, there's no real incentive except for a resume boost. I have been involved with several State Street activities, but that's ultimately the reason I left: better opportunities to grow and to earn a better living.

    Advice to ManagementAdvice

    -Target non-business related majors - they can do the job just as easily and are more likely to stay longer term.
    -Screen middle management to make sure they are doing an adequate job.
    -Create a better pay structure that at least gives new hires something to look forward to.
    -Own your parking lots so the employees do not have to pay each month.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO