State Street
2.7 of 5 1,199 reviews
www.statestreet.com Boston, MA 5000+ Employees

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1 person found this helpful  

Mutual Fund accounting has its good and bad: know what you are getting into

Senior Fund Accountant (Former Employee)
Kansas City, MO

ProsAt the Kansas City location most of the work is mutual fund accounting. The good of this work is that the work can usually be performed at a moderate pace without having to take work home. Also, since State Street is one of the largest players in this industry, there are often overseas assignments available.

ConsThe work can be routine unto monotony, especially if the employee does not seek and obtain promotions. Also, career wise, while public accounting is a great place to launch a career, mutual fund accounting can be a dead end for many.

Advice to Senior ManagementFind more career paths for fund accountants: provide guidance on how they can prepare themselves to create for value of the company and make themselves more marketable.

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    • Work/Life Balance
           
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    1 person found this helpful  

    Manage your expectations

    Senior Associate (Current Employee)
    Quincy, MA

    I have been working at State Street


    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… 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… Advice to Senior Management: I genuinely believe there is a longer term vision for where STT is going and in a broad sense how we're getting there but this… More
    • Work/Life Balance
           
    • Senior Management
           
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    • Approves of CEO

     

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

    FA (Current Employee)
    Boston, MA

    I have been working at State Street


    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… 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… Advice to Senior Management: Senior Management needs to place a bigger emphasis on employee… More
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