State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews in Kansas City, MO

Updated December 10, 2014
Updated December 10, 2014
1,383 Reviews
2.8
1,383 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
447 Ratings

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 132 reviews)

  • The flex work schedule, most people have an option to work from home twice a week (in 65 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 42 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 57 reviews)

More Highlights

96 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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 an 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
  2.  

    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
  3.  

    Great place to start for those with little or no experience

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

    I have been working at State Street full-time (more than 3 years)

    Pros

    State Street is great place to start for those who have little or no experience. You will learn quite a bit from the type of work you do. You have opportunities to seek different a position or a promotion in other departments.

    Cons

    Pay is very low. You will be very busy.Turnover is high. The work that you may not be related to what you learn in school. The company moved from client-based to function-based. This yields repetitive daily work and less learning opportunities .You used to learn much more when you do much more for the client.

    Advice to ManagementAdvice

    I encourage management to create easier learning opportunities by allowing employees to work in other departments temporarily from time to time. Currently, the only way to work in another department is to apply for an opening position and goes through an interview process.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Good Start for Financial Services Career

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

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

    Pros

    State Street is a great place to start your career if you are interested in financial services. If you decide to go on to another employer later on, you can leverage your experience to land a position at a mutual fund or asset manager. If you decide to stay on, there are plenty of opportunities for advancement.

    Besides career opportunities, the benefits outside the below market average salary are much better than the norm. The 401k plan and vacation days are particularly generous.

    Cons

    While the benefits offered by State Street are very good, the custodian bank could raise its base salary amounts by 3000 or 5000 dollars a year to be more competitive.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Great Entry level job

    • 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 an year)

    Pros

    Great community
    Good Benefits
    Great place to learn experience out of college

    Cons

    Low salary
    Work is not challenging at ALL

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Great entry level position

    • 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 (more than 3 years)

    Pros

    Great benefits, great people, and employee incentives

    Cons

    Worked late nights to get all the work done with little help from other areas

    Advice to ManagementAdvice

    Compensation could have been higher for those who were putting in the long hours and extra effort

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    It has been a good experience. The people are generally friendly and knowledgeable, but at times are a bit high strung.

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

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

    Pros

    The main pro of working at State Street is the flexible hours and laid back atmosphere as long as you are staying on top of deadlines.

    Cons

    The cons would be unobtainable deadlines and working with a group based out of Mumbai with the language barriers.

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Good environment, good people, too much distance between executives and associates.

    • 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

    Good environment, lots of opportunities

    Cons

    Executive management too disconnected, lost focus on employees for bottom line profits.

    Advice to ManagementAdvice

    Seemed like SSBT was headed in the same direction of large wall street companies - sacrificing employees for executive bonuses and bottom line.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Mind-numbing

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

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

    Pros

    Paid vacation
    Team-oriented work environment
    Location
    Great benefits
    Corporate community
    Business casual dress code

    Cons

    Salary
    Location
    Only really busy during month end, rest of the month is dead boring
    Repetitive work
    Not much communication from management

    If you're looking for a challenging job, this is not for you. Same things are done each and every day, the same way every time. Like the title says, extremely mind-numbing work

    Advice to ManagementAdvice

    Management needs to be more proactive in their reviews and 1-on-1's each month

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Awful Company!!!! I would not advise my worst enemy to work here .

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

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

    Pros

    There's nothing good about working here.

    Cons

    The skills you learn here cannot be used anywhere else.

    Doesn't Recommend
    No opinion of CEO

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