State Street Reviews in Kansas City, MO | Glassdoor

State Street Kansas City Reviews

Updated June 7, 2017
179 reviews

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Kansas City, MO

179 Employee Reviews

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  1. "OFFICER"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Kansas City, MO
    Former Employee - Anonymous Employee in Kansas City, MO

    I worked at State Street (More than 10 years)

    Pros

    lots of benefits to pick from
    website is helpful

    Cons

    no more meetings for explanations
    high deductible

    Advice to Management

    stop moving everything to the internet and phone..sometimes we like real live people to talk to.


  2. "Operation Specialist Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Specialist Associate in Kansas City, MO
    Former Employee - Financial Specialist Associate in Kansas City, MO
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good place to start your career with limit experience; can have a general understanding of how large company works; really diverse team environment.

    Cons

    relatively low pay; deadline-driven environment; communication among several groups or even several departments sometimes can not be done in a timely manner, and will affect your schedule

    Advice to Management

    communication speed is quite important, especially when the job is performed by several group of people together.


  3. Helpful (1)

    "Not what it used to be"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kansas City, MO
    Current Employee - Anonymous Employee in Kansas City, MO
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street full-time (More than 8 years)

    Pros

    Great for career development
    Laid back environment with good flex work options
    Team oriented

    Cons

    Below market compensation
    Constant lack of job security/continual layoffs
    Executive management only focused on shareholder value and employees suffer and pay as a result

    Advice to Management

    Get much closer to what people in the organization are really feeling.


  4. "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Administrator - Senior Associate in Kansas City, MO
    Current Employee - Fund Administrator - Senior Associate in Kansas City, MO
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at State Street full-time (More than 3 years)

    Pros

    State Street is a great place to work with much better than average benefits. In all the teams I have worked with here management has always been supportive in helping you in your role and in developing ones career.
    The work can be repetive when first starting out but gets more challenging and less repetitive as you gain more experience and move up in the company. Many people on here complain that promotions don't exist but fact is if you show some dedication and are willing to go beyond your job role it is very easy to get promoted.

    Cons

    While the benefits are great the pay is bellow average for the industry.

    Advice to Management

    Raise pay to attract and retain top employees and weed out the lazy ones.


  5. Helpful (1)

    "senior Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Operations Manager, Senior Associate in Kansas City, MO
    Current Employee - Client Operations Manager, Senior Associate in Kansas City, MO
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Flexibility, great benefits, fun people to work with, laid back atmosphere. I would reco.mend to anyone that is wanting to start a career in finance or business.

    Cons

    Too much red tape, slow to change and making decisions. State street could be much more competitive with hiring if they paid more and retained bright people. Their benefits are becoming less and less each year which has been dissapointing. Not enough peoe to co.ete the work because of the red tape.

    Advice to Management

    Cut the red tape and stop delays in hiring. The billing process needs to be streamlined, its a joke and it's vausing the company to lose money. Stop the bleeding and lets be more competitive. Cutting costs by laying off or outsourcing is not going to make us competitive. Fixing what is broke will


  6. Helpful (1)

    "This company is slowly dying. Annual layoffs are depressing."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Operations Specialist II in Kansas City, MO
    Former Employee - Client Service Operations Specialist II in Kansas City, MO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Work/life balance in some groups is great, with work from home potential and tons of vacation time. They will hire anyone who shows even halfway competency and can network with a recruiter.

    Cons

    Salary is low. Really low. I mean if you are getting hired without even a bachelors degree (like I was), then its not so bad but in terms of a career or post graduation it is just absolutely awful. The benefits are good, but in this industry nearly all companies have good benefits so don't let that sway you.

    The saddest part is the annual layoffs and the fact that the industry has simply passed by its glory years for a company like state street. In the 80's and 90's this company was heaven on earth but not anymore.

    Advice to Management

    Most management does not know how to share the knowledge they have gained. Management is absolutely atrocious and it doesn't help that entry level workers quit at such a high rate (which is only partially managements fault since salary is so abysmal).


  7. "Very Underpaid for the Work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Contractor in Kansas City, MO
    Current Contractor - Contractor in Kansas City, MO
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at State Street as a contractor (Less than a year)

    Pros

    A great place to learn about the industry. Overtime can add up, averaging about 50 hours a week - helps offset the poor pay.

    Cons

    I've been there 3 months and have seen 2 people get fired/laid-off and 2 people quit. The work isn't bad but you need to be able to handle stress, and be in a position where you're able to work for well below the industry average for comp. The result is mostly new and young talent, myself included, who are just waiting for something better. I haven't been on the receiving end yet, but people love to play the blame game.

    Advice to Management

    Pay more.


  8. Helpful (4)

    "RUN AWAY"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II in Kansas City, MO
    Current Employee - Associate II in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    On site gym, flex work arrangements, PTO

    Cons

    This place will crush your soul. The training here is non existent, the work load is unmanageable because of the high turnover, the pay is pathetic for the job requirements, the upper management is a bunch of middle aged caucasian men who don't realize it's 2016, there's no job security, the bonuses are insulting... I could go on all day.

    Advice to Management

    Reward your employees for the hard work that they do every day. Recognition and compensation will go a long way for improving the culture here. You need to create incentives for retaining high performers. Start embracing change rather than resisting it.


  9. "Good place to work"

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

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

    Pros

    Good flexibility for hours while in school

    Cons

    Bad at teaching you early on

    Advice to Management

    Work with interns a little more


  10. Helpful (2)

    "Client Operations Senior Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Operations Administrator Senior Associate in Kansas City, MO
    Former Employee - Client Operations Administrator Senior Associate in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good amount of vacation from start of employment. Bosses typically don't micromanage start and end times as well as lunch as long as you're performing well. Promotion opportunity very abundant and requirements are lax.

    Cons

    You may be expected to work long hours. Pay is not great, especially when reaching management w/ no OT. Training is scarce and meager. Low Morale. Evaluate which division/department you are applying for as some are better/worse than others.

    Advice to Management

    Re-evaluate the direction the company and departments are going and if that will withstand in the industry. The bottom line is forcing good employees to leave so do you care?


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