State Street Reviews in Kansas City, MO Area

Pros

Great place to start out of college and gain corporate experience. Stay for a year or two and take your experience and move on. Nice thing is only 40 hour work weeks..

Cons

Low pay, high cost for benefits, the cafeteria is very expensive and they make you pay in excess of $600 a year to park your vehicle in the parking garage.

Advice to Senior Management

Be aware of your employee's achievements and compensate them accordingly. Also, pay attention to the shooting star employees and rate them appropriately.

Pros

Laid back work environment, nice fitness center, and cafeteria on site. Good flexibility when things come up.Work Life balance is fine. People were generally friendly.

Cons

HORRIBLE PAY, its not accounting so if your an accountant coming out of school you really build no marketable skills. Its a cubicle farm.

Advice to Senior Management

Pay a living wage.

Pros

Great health benefits, paid time off, 401k matching up to 6%. My department is very supportive of work/life balance and working remotely from home.

Cons

Low pay, few chances to move up in the company, work is unsatisfying. Too many managers.

Advice to Senior Management

The management structure is too top heavy. The work in some departments is not evenly distributed among the groups within the department. Some are working a ton of overtime while others are trying to find stuff to do to fill their day. Instead of laying more people off, try moving those employees to departments where they are really needed.

Pros

Excellent benefits and very casual.

Cons

Unmotivated workforce with very low pay.

Advice to Senior Management

Move up or move on.

Pros

The work environment is low stress. They provide good benefit options. The work hours are relatively flexible and managers work with you to schedule paid time off.

Cons

The compensation is far from competitive. An abundance of middle management crowds out promotion opportunities. Entry level jobs are being "dumbed" down and outsourced to India, so that State Street is able to hire people without degrees to do some of the work, and pay them even less.

Advice to Senior Management

I think Management should re-evaluate the compensation structure to prevent such high turnover and to retain talent within the organization.

Pros

Young atmosphere/culture
great benefits
business casual dress code
friday is jeans day

Cons

boring work at a-1 level. dont have to use your brain for the most part
low pay

Pros

Benefits are awesome, people are pretty laid back.

Cons

The "laidbackness" of the workers sometimes leads to sloppyness... I;ve seen it all while working there, noone is asking for fancy outfits but please pretend you care about your appearance sometimes..
I thought starting salary was pretty bad when I started, but now it's even lower, what a shame!

Pros

work with young people
great benefits and office
opportunities a plenty to find your niche in the financial industry

Cons

below average compensation
high turnover rate

Advice to Senior Management

raise entry level salary and replace top of parking garage with a basketball court

Pros

State street has good benefits, and a good retirement savings match (5%). Another good thing about State Street is you can take a break whenever you like with no one looking over your back all the time.

Cons

Starting salary is now a terrible 28K for fund accountants, miserable. It was 32K when I started. State Street has very limited career advancement in the long term. Most people only work here for about 5 years or so and move on because they realize it is pretty much a dead end. Becoming a manager means only making about 2,000 more a year than a senior accountant, not much for the amount of work you take on.

Advice to Senior Management

The leaders of state street need to compensate employees more, and reward employees more for good work. The work environment does not lead to people being motivated. Trying to over-achieve here is not good, you will just get more work piled on and no more recognition. No reason to try harder here, which makes everyone lazy.

Pros

To gain work experience. They are very helpful within the community and promote growth outside the company as well.

Cons

Low pay, low opportunity for advancements

Advice to Senior Management

n/a