Dead End Career - Fund Accountant State Street Employee Review

2.0
28 Mar 2018
Recommend
CEO approval
Business outlook

Pros

Solid Benefits (at least when I was there), entry level exposure to financial markets, and good internal checks and balances (ie SOCII compliance and HR procedures)

Cons

Employees who work outside the Boston area often feel like they've been relegated to a 2nd class status. The constantly shrinking industry meant wave after wave of layoffs, downsizing, and even large scale pay-cuts. After 7 years at this company, with positive reviews each year, my salary only had increased 1.6% per year on average. Stay at this company long enough and you will slowly be locked out of consideration for other employment as career growth at State Street means something difference versus the rest of the job market.

Explore other reviews about State Street

5.0
23 June 2026
Recommend
CEO approval
Business outlook

Pros

Own book runner and strategy. Good work life balance. Good working environment and nice people to work together

Cons

No much growth. Promotion to VP or higher is even forbidden based on company policy. Instead, ask people to move to different role. It doesn't make a lot of sense since it encourage people to find a new job.

2.0
21 June 2026
Recommend
CEO approval
Business outlook

Pros

The company has a great severence package. Unfortunately thats a pro because they are laying off workers every 3 months until most of operations are offshore. Decent 401k match and vacation.

Cons

Layoffs, pay is low. Return to office mandate.

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