State Street Reviews

Updated March 13, 2015
105 reviews filtered by
  • Kansas City, MO Area
  • Any Job Title

105 Employee Reviews

Sort: Popular Rating Date
  1. Low paying but good stepping stone.

    • 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

    A lot of work experienced gained due to high work volume.

    Cons

    Low pay and high stress.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. Intern

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

    I have been working at State Street as an intern (less than a year)

    Pros

    Many opportunities to interact with employees and get a feel for a possible department that would be a good employment fit.

    Cons

    Some tasks are tedious and isolated.

    Recommends
    Positive Outlook
    Approves of CEO
  3. State Street Kansas City

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

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

    Pros

    Good company culture, onsite gym & cafeteria, work-life balance, PTO, 401k match.

    Cons

    Compensation is well below average. Starting salaries are very low and promotions are capped at a certain percentage. This makes it impossible for your salary to ever catch up to "market value". State Street on the resume can make it difficult to gain fair value from potential employers since most know how low they pay. It is also very difficult to move from operations to other functions. KC office is looked at as the little brother compared to Boston office.

    Advice to ManagementAdvice

    Acknowledge talent in KC. Compensate high performers. Stop laying people off to hit your numbers and stop offshoring jobs to India.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Fine place to start

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

    I worked at State Street full-time (more than a year)

    Pros

    Benefits package solid. Job very dependent on what unit/team you're on. If you work hard and try to learn every day, you can move up quickly and stop doing the rote processing required at the entry level.

    Cons

    Compensation not in line with similar positions at other companies. Not a very pervasive company culture.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 4 people found this helpful

    Good opportunity to gain valuable industry experience, but low pay and little advancement options.

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

    I worked at State Street (more than 5 years)

    Pros

    The people, the experience, working from home options, and the benefits

    Cons

    I worked here for 7 years. I started at $32,000 like all my peers. Despite consistently meeting or exceeding expectations on my PPR, I was never promoted and was making a little over $36,000 when I left.

    Advice to ManagementAdvice

    Recognize and promote associates who show promise

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  7. Fund Accountant

    • 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 part-time (more than a year)

    Pros

    Flexible schedule
    Good Team management
    Had a good cafe

    Cons

    Dull atmosphere
    repetitive work
    micro-managed
    Did not recognize talent

    Advice to ManagementAdvice

    None

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 3 people found this helpful

    Disappointing Experience

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

    I have been working at State Street full-time (more than 10 years)

    Pros

    Many good people and interesting work. The company is fortunate to have a wide-moat because if the barriers to entry weren't so great this company would be out of business by now due to poor leadership.

    Cons

    limited advancement opportunities once you move past the first few layers of the organization resulting in high turnover. Many of the best leaders I have worked with in the organization have been passed over for advancement because they don't have the "right" connections. Employees are consistently instructed to manage their own careers, but then told where and what they will be doing as the organization continues to fumble through change after change. Very Boston centric. Head count to work load, opportunities for advancement and pay differences are skeewed in favor of our Boston counterparts.

    Advice to ManagementAdvice

    Management is not interested in advice and operates in a bubble.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. Good company for college hire.

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

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

    Pros

    Training program, good team, above average benefits, support for flexibility.

    Cons

    A lot of overtime, no career planning, stressful.

    Advice to ManagementAdvice

    The company needs to address the high turn over rates in some of the operating units: work on retaining talents!

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. A good stepping stone to better opportunities

    • 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 a year)

    Pros

    If you are looking for a job, apply at State Street. It's a steady salary with relatively easy work. You do not need to be in accounting, finance, business - all majors are encouraged to apply. There are a lot of young workers fresh out of college, so it's a good place to meet new people, too. The employment perks include various activities, games, and having that "corporate" feel , which can be a valuable experience when working in teams. State Street has a good name recognition and its' experience can be valuable to anyone's resume when looking elsewhere. Also, vacation time is on point.

    Cons

    It is a revolving door of turnover. These young people you meet will eventually leave for better opportunities (usually less than 1 year employed), as long as they are motivated to move up in their career. State Street has availability for middle management due to this turnover, but the pay will not be worth the added stress. The pay is absolutely the biggest gripe I've ever heard. For the company to target Accounting, Finance, Business majors - all of us want more out of our job. With the promotions that do happen, there's no real incentive except for a resume boost. I have been involved with several State Street activities, but that's ultimately the reason I left: better opportunities to grow and to earn a better living.

    Advice to ManagementAdvice

    -Target non-business related majors - they can do the job just as easily and are more likely to stay longer term.
    -Screen middle management to make sure they are doing an adequate job.
    -Create a better pay structure that at least gives new hires something to look forward to.
    -Own your parking lots so the employees do not have to pay each month.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. Good starter job out of college

    • 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

    The people I work with are nice. Easy to move up the ladder.

    Cons

    The pay is too low

    Advice to ManagementAdvice

    Raise the pay and provide additional training whenever you ask someone to do something they haven't seen before.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

Work at State Street? Share Your Experiences

State Street

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.