State Street - Fund Accounting = Brutal Experience, stay away, even if you're desperate, stay away. | Glassdoor
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Helpful (1)

"Fund Accounting = Brutal Experience, stay away, even if you're desperate, stay away."

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Fund Accountant in Boston, MA
Former Employee - Fund Accountant in Boston, MA
No opinion of CEO

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

Pros

Good name on the resume. I hear other departments other than Fund Accounting are excellent places to work, unfortunately I was stuck in Fund Accounting for a year.

Cons

-no transferable skills acquired
-you learn very little
-stay far away from Fund Accountant role, even if you are desperate for a job and get an offer from them as a Fund Accountant, keep looking for something elsewhere, it will be worth the wait.

Advice to Management

Take on less fund accountants and pay them more to do more work. the work is too spread out, i spent more than half of my day just staring at the computer screen.

Other Employee Reviews for State Street

  1. "Decent Starting Place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Boston, MA
    Current Employee - Senior Associate in Boston, MA
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at State Street full-time (More than 5 years)

    Pros

    Great starting point, you can learn the back office business very quickly. Retirement benefits are good and colleagues are pleasant.

    Cons

    Pay is pathetic, bonuses and yearly reviews are HIGHLY politicized based on executive management. General training level and knowledge levels are low in USIS.


  2. "You know what you're getting, it's a safe place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Accountant Associate II in Sacramento, CA
    Former Employee - Fund Accountant Associate II in Sacramento, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    It's a 45-hour per week financial services job. When you leave the office, you don't have to think about your job until you get back the next morning. And even then, you could easily get away with calling out or coming in late. If you can find a good few friends in the office, particularly in your group, it makes the job a lot more bearable.

    An added bonus is you can definitely work this day job to support an entrepreneurial venture of your own. You can also get away with working on your own stuff during down time - which there is a lot of throughout the day. Also good to take advantage of 401K match.

    Cons

    There are a lot of routines that become mundane over time. General ledger processes aren't very exciting. A lot of times it feels like you're a glorified data entry employee. And you're not even that glorified for it. But again, you know what you're getting at State Street. It's safe.

There are newer employer reviews for State Street
There are newer employer reviews for State Street

See Most Recent

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