State Street Reviews

Updated April 18, 2015
108 reviews filtered by
  • Kansas City, MO Area
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108 Employee Reviews

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  1. Kansas City Fund Administration

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Overtime > 40 hours for Level 1 & Level 2. Enjoyed the people.

    Cons

    Manager role requires 50+ hours a week for inadequate pay

  2. Hit and Miss Financial Corporation

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    -Decent working environment
    -Upward mobility potential if desired
    -Good training
    -Great benefits, including health insurance and vacation policies
    -Typically flexible working arrangements and work from home capability
    -Good on-site amenities
    -Good yearly incentive pay

    Cons

    -Lowest pay brackets among financial corporations in the area
    -Frequent outsourcing of some departments
    -Demanding client-based environment

    Advice to Management

    -Increase pay brackets to retain talent
    -Develop better practices/policies for evaluating potential management before hiring/promoting

  3. Helpful (1)

    Unorganized and incompetently managed.

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

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    They had a cool kickball tournament.

    Cons

    In the Kansas City mutual fund group, not only will you be kept from progressing, but you will take the blame for management's errors if you aren't high up on their ladder or a 'favorite.' The headquarters in Boston are completely clueless as to how things are run in the KC location and if they saw how backwards and incredibly ignorant their management staff was, they'd be wise to shut down the entire operation. Employee turnover was weekly...which is pathetic.

    Advice to Management

    Admit your mistakes, take responsibility for your actions, LISTEN to your employees, and treat people better. It's not like you're paying them an even decent salary, so at the very least let them feel valued.

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  5. 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)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

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

    Cons

    Low pay and high stress.

  6. 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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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.

  7. 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)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

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

  8. 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)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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.

  9. Helpful (4)

    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)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    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 Management

    Recognize and promote associates who show promise

  10. 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)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Flexible schedule
    Good Team management
    Had a good cafe

    Cons

    Dull atmosphere
    repetitive work
    micro-managed
    Did not recognize talent

    Advice to Management

    None

  11. Helpful (3)

    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)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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 Management

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

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