State Street - Mutual Fund accounting has its good and bad: know what you are getting into | Glassdoor
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Helpful (1)

"Mutual Fund accounting has its good and bad: know what you are getting into"

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  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Senior Fund Accountant in Kansas City, MO
Former Employee - Senior Fund Accountant in Kansas City, MO
No opinion of CEO

Pros

At the Kansas City location most of the work is mutual fund accounting. The good of this work is that the work can usually be performed at a moderate pace without having to take work home. Also, since State Street is one of the largest players in this industry, there are often overseas assignments available.

Cons

The work can be routine unto monotony, especially if the employee does not seek and obtain promotions. Also, career wise, while public accounting is a great place to launch a career, mutual fund accounting can be a dead end for many.

Advice to Management

Find more career paths for fund accountants: provide guidance on how they can prepare themselves to create for value of the company and make themselves more marketable.

Other Employee Reviews for State Street

  1. "Strong, safe company, solid work/life ballance, low compenstion."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate - IT in North Quincy, MA
    Current Employee - Senior Associate - IT in North Quincy, MA
    Recommends
    Approves of CEO

    Pros

    State Street is a large, stable company that is growing despite difficult economic times. The benefits are very good; the hours and work life balance is excellent in my position. The management team that I work for directly is great.

    Cons

    The salary is quite low. Being a large, tradition corporation, I find myself doing the same things over and over with little strategic input. There are a lot of folks in my area that come in, give their 8 hours, and head home; they do what they have must to get through the day, but there is not an effort to try to improve the normal processes.

    Advice to Management

    Increase salaries to adhere with experience, education level, and provide better raises to these employees who excel at their job.


  2. "The more you give the more you get!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager (Officer Level) in Boston, MA
    Current Employee - Manager (Officer Level) in Boston, MA
    Recommends
    Approves of CEO

    Pros

    The more you give the more you get! Work hard, request additional responsibilities and ask questions and you can move ahead quick! There are plenty of managers who are willing to help and need qualified staff. There are so many different departments that if you are motivated you could find your ideal job. Will it be handed to you - No but you can work for it. The are numerous flex time opportunities where employees are able to work from home, work flex time or alternative/flexible schedules.

    Cons

    Sometimes the entry level positions are not glamorous so new staff move on instead of sticking it out and learning the ins and outs. Instead they sit at their desk, do what they are told and nothing extra. Time and money is spent training these people then they move on.

    Advice to Management

    Keep looking for ways to offer flexibility for those who earn it and find creative ways to keep loyal and dedicated staff.

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

See Most Recent

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