State Street – “If nothing else works out, this is a decent back up. Otherwise, stay away.”

Pros

The benefits package is pretty good, especially the tuition reimbursement program. If you do stick it out for the long-term, there is some but limited opportunities for career growth. Overall, a decent place to get into the financial services field.

Cons

As has been described by many others, low pay and low respect level are the big downsides. You don't do any actual finance or accounting, and the job responsibilities are menial at best. Nobody would enjoy being a fund accountant.

Advice to Senior Management

I understand that fund accountants are easily replaceable and the job they do requires little skill set, so there is no incentive on the part of management to increase salaries and such. I suppose it is doing fine as it is.