State Street Reviews in Kansas City, MO | Glassdoor

State Street Kansas City Reviews

Updated November 29, 2017
194 reviews

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Kansas City, MO Area

3.2
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
65 Ratings

194 Employee Reviews

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  1. "Great experience, lack some day-to-day structure."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Insurance Services in Kansas City, MO
    Current Intern - Insurance Services in Kansas City, MO
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Open atmosphere for questions. Never talked down to and included in everything. Everyone is friendly and willing to help at all times.

    Cons

    Lack of structure at times. This leads to random jobs throughout the internship, which can be frustrating when the previous job isn't done yet.


  2. "Information Service Administrator"

    StarStarStarStarStar
    • 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
    Positive Outlook
    Approves of CEO

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

    Pros

    Great benefits and management team.

    Cons

    There are no cons to this job.

    Advice to Management

    None

    State Street Response

    Nov 30, 2017 – State Street

    Thanks for sharing your thoughts on working at State Street. We’re glad you’re enjoying the employee benefits and your management team. We hope you continue to enjoy making your mark at State Street... More

  3. Helpful (1)

    "Concerned for the future"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officer in Kansas City, MO
    Current Employee - Officer in Kansas City, MO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The benefits line up with some others in the industry. With a shrinking of floor space per employee, there is a movement for more employees to work at home, which is a nice plus. The on-site wellness center is also a plus. The 401k match of up to 5% is a nice extra as well. The KC site's parking garage is a good perk, with security patrols, as the neighborhood sees its share of crime nearby.

    Cons

    Some benefits depend greatly on your direct management team, such as the flex work arrangements. Boston has it better, but the Kansas City office is still resistant to fully supporting work from home. I've read other reviews and concur with the favoritism seen, knowing personally someone very qualified for a position, the position having been opened originally for them, only to have a new VP come in and fill the position with one of their unqualified friends. It is well known internally that the third Wednesday of each month is layoff day, but that has subsided a bit with a new approach to re-deploy workers as their current positions are offshored to the new India offices. Local open reqs (positions) are closed and filled in India instead, so fewer are getting severance packages...another cost savings.

    Advice to Management

    I understand the nearly constant focus on cost savings, being a publicly held company. In this day and age all publics must do this. The average employee is unhappy here though, and it is cause for concern. So many groups have so few truly knowledgeable people any more, and the subject matter experts are fearful of sharing too much knowledge...lest they lose the leverage and end up on the chopping block. Sadly, this is not just a perceived threat either. Many are afraid of getting put on the redeployment list. Others have been threatened with being put on 'the list' if they even apply outside of their group.


  4. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Intern - Hourly in Kansas City, MO
    Current Intern - Intern - Hourly in Kansas City, MO
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    Work was challenging and fun. Every day was a new challenge and kept me on my toes.

    Cons

    Overtime was frequent and pay was not the best compared to similar jobs in the industry.

    Advice to Management

    none

    State Street Response

    Nov 8, 2017 – State Street

    Thank you for taking the time to share your experience at State Street. I am happy to hear you think State Street is a challenging and exciting place to work. The financial services industry is... More


  5. Helpful (1)

    "Good for a beginner"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Accountant in Kansas City, MO
    Former Employee - Fund Accountant in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Easy entry-level hiring, two-three weeks paid vacation plus paid market holidays,

    Cons

    Low pay, claustrophobic work environment, employees treat each other as tools rather than humans, lack of recognition, team building activities were limited to unhealthy food/dessert potlucks, provokes a general feeling of emptiness, very draining even on easy days with light loads, mind and body numbing


  6. Helpful (1)

    "You Won't Be There Long"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Team Lead in Kansas City, MO
    Current Employee - Senior Team Lead in Kansas City, MO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great vacation package, two paid volunteer days, clean building if you work in Kansas City, on-site gym, depending on what team you're on you might have fun events at work.

    Cons

    Extremely low pay until you get to an officer position or above, training is abysmal, hours can vary based on team, high stress depending on team, VERY HIGH rate of turnover for A1/A2/Team Lead, not enough movement for promotions because people get "stuck" and don't promote or laterally move, good ol' boys club is definitely a thing here, lots of favoritism, not much gets accomplished- it's mostly smoke and mirrors from a community involvement standpoint. They're also moving a lot of business to India, so people are being forced to train their replacements and they're laying off a lot of employees. Seems to be big disconnect between management and employees.

    Advice to Management

    Get out from behind your computers and develop the people you have so they stay.


  7. "AVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Kansas City, MO
    Former Employee - Assistant Vice President in Kansas City, MO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    benefits are better than average, flexible work arrangements,

    Cons

    internal promotions opportunities limited, continually sending jobs outside the US

  8. "Awesome Internship"

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

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

    Pros

    Real-World Experience
    Working in a team based environment
    Everyone is easy to get along with
    Dress is business casual
    Microsoft Excel Practice
    Finance knowledge
    Free food on occassion

    Cons

    Repetitive
    Intern Work
    only 20 hours a week

    Advice to Management

    More time for training

    State Street Response

    Oct 23, 2017 – State Street

    Thank you for sharing your experience. It sounds like you had an interesting internship and were a part of a team-based environment. Fostering a collaborative culture is very important to us; and I... More


  9. "Fine"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in Kansas City, MO
    Former Intern - Intern in Kansas City, MO
    Neutral Outlook
    No opinion of CEO

    I worked at State Street as an intern

    Pros

    - I was on a very friendly, welcoming team
    - Flexible around your schedule
    - Relatively easy work
    - A lot of horizontal mobility

    Cons

    - Quiet environment (may be a pro for some people)
    - Monotonous work (can get boring)

    State Street Response

    Oct 4, 2017 – State Street

    Thank you for taking the time to share your experience. It is great that you were able to take advantage of mobility opportunities. The recent updates to the internal mobility policy, as well as the... More


  10. "Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Officer in Kansas City, MO
    Former Employee - Officer in Kansas City, MO
    Doesn't Recommend
    Neutral Outlook

    I worked at State Street full-time (More than 10 years)

    Pros

    Large company with room to move around. Vacation package

    Cons

    Poor management, Main concern is cutting cost, Poor Pay, Outsourcing, You are a number not a person.

    Advice to Management

    Train incoming staff make them see there is a future with the company


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