State Street Reviews

Updated March 13, 2015
104 reviews filtered by
  • Kansas City, MO
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104 Employee Reviews

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  1. 1 person found this helpful

    State Street used to be the best place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Kansas City, MO
    Former Employee - Assistant Vice President in Kansas City, MO

    I worked at State Street full-time (more than 10 years)

    Pros

    On site cafeteria, covered parking and other ammenities

    Cons

    No support from management. Continued layoffs of tenured, loyal employees that helped build the Kansas City office.

    Advice to ManagementAdvice

    Stop laying off all the talented people that built your company

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. Enjoyable for a time, but a career for most.

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

    I worked at State Street full-time (more than 5 years)

    Pros

    I enjoyed the people and the managers (especially the hire you go) were very knowledgeable and usually pretty good at their jobs. The people are the main thing that made me stick around.

    Cons

    The pay is horrible which is why the company's turnover rate is so high. There are some that make this place a career, but it seems to serve as a farm system for better paying companies.

    Advice to ManagementAdvice

    You get what you pay for. If you want more career bound employees pay accordingly. Employees enjoy the company, but turnover will always be a problem so long as you continue paying subpar salaries. Your presence in the community (regarding humanitarian efforts) is a positive one. Have you ever considered that compensating employees could also be interpreted as a good for the community as well?

    Recommends
    No opinion of CEO
  3. Fund Accountant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Kansas City, MO
    Current Employee - Anonymous Employee in Kansas City, MO

    I have been working at State Street full-time

    Pros

    Option to work from home if your team/managers allow it. Industry Experience, good downtown location, ability to move up the ladder quickly

    Cons

    Low Pay, High turnover rates, will lay off people every year in order to replace the "expensive" employees with cheaper ones

    Advice to ManagementAdvice

    Start valuing the hard workers you have and maybe there would not be so much turnover

    Doesn't Recommend
    No opinion of CEO
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  5. 5 people found this helpful

    Overworked, Mindless data entry, paid like yesterdays trash.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Representative in Kansas City, MO
    Current Employee - Client Service Representative in Kansas City, MO

    I have been working at State Street full-time (less than a year)

    Pros

    Good health and dental.
    Friendly coworkers.

    Cons

    -Was trained for two weeks on pointless corporate talking points then thrown to the wolves and had the job responsibilities of three people.
    -Pay was terrible
    -Your job is always several months away from going to India

    Advice to ManagementAdvice

    Well your company is making money so obviously outsourcing jobs to India and paying overqualified people to the jobs you haven't outsourced yet is working!

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6. Standard big bank work environment.

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

    I have been working at State Street full-time (more than a year)

    Pros

    Good benefits, employees start with 3 weeks vacation + 9 regular holidays + 3 floating holidays. Other benefits are exceptional, although most benefits are applicable based on team/department needs. Great training ground for people fresh out of college. Good introduction to global organization.

    Cons

    Management and HR could use a lot of work in many aspects. Parking costs $630+ per year. Very corporate and political mentality, employees are simply numbers to the people that matter. Description of benefits, work/life and other policies were misleading or explained in a misleading manner.

    Recommends
    Positive Outlook
    No opinion of CEO
  7. It was a good experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Client Service Associate in Kansas City, MO
    Former Intern - Client Service Associate in Kansas City, MO

    I worked at State Street as an intern (more than a year)

    Pros

    Great company atmosphere. Everyone is extremely nice.

    Cons

    Very low pay for entry level positions. Work load is too much for such little pay.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. Good Entry-Level job... if all your other options don't work out.

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

    I have been working at State Street full-time (more than a year)

    Pros

    Good Entry-Level Job, Resume builder (seems other accounting/finance companies hire from State Street), three weeks of vacation to start off

    Cons

    Low Pay for a College degree, as the economy has come back the company is having a hard time finding/keeping good talent, Huge turnover and slow to rehire which causes stress on team members that stay around, Hard to see the full picture of what your repetitive tasks are accomplishing, Outsourcing jobs to India

    Advice to ManagementAdvice

    Sad to think that the company strategy is to pay super-low salaries and have huge turnover. If you are going to go with it, might as well hire high school grads and put college grads in senior positions to start out.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. Opportunity for advancement is more dependent on your relationships with your supervisor than the quality of work you do

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

    I have been working at State Street full-time (more than a year)

    Pros

    You can gain valuable knowledge of mutual fund accounting.

    Cons

    You most likely will not receive much job satisfaction.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. Generally OK

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

    I have been working at State Street full-time (more than a year)

    Pros

    Pretty decent benefits
    Good employees (depending upon team you are on)
    Consistent schedule generally
    Decent cafeteria food

    Cons

    Paying for parking is ridiculous
    Got rid of most discounts for food
    The pay is pretty bad for the industry
    Brainless job at times
    Can have a lot of down time
    Probably can find a better job elsewhere but it's not too bad overall if you are needing a job.

    Advice to ManagementAdvice

    Raise the starting salary and stop micro-managing the company so much. It leads to a revolving door.

    Recommends
    Positive Outlook
    No opinion of CEO
  11. immature co-workers and horrible pay

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

    I worked at State Street full-time (more than 3 years)

    Pros

    At the time I was there, they had amazing health benefits, vacation and working from home or flex schedule

    Cons

    Horrible pay - can barely afford to pay your bills on what they pay
    Can't keep good employees due to horrible pay and drama in the work force
    Many of the co-workers were more concerned with "high school drama" then getting their work done.

    Advice to ManagementAdvice

    You have some great leaders, but others that really don't know how to manage their employees and look at the picture.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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