State Street Fund Accountant Reviews

Updated 25 Jun 2020

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5.0
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State Street President and CEO Ronald O’Hanley
Ronald O’Hanley
0 Rating
  1. "Good culture ..."

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Fund Accountant in Pune City
    Recommends
    Neutral Outlook

    I have been working at State Street full-time for more than a year

    Pros

    A good platform for beginner and it's a great place to achieve or improvement your personal development and carrier development as well

    Cons

    It is a new set up for most of the process and work life balance may impact due to it

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    State Street Response

    January 10, 2020Brand Manager

    Hi, Thank you for your feedback. Indeed, State Street supports and encourages those who are early in their careers. What I really value, is that new employees, no matter what grade or department, are encouraged to bring fresh ideas. Regardless of business unit, State Street offers a generous work from home policy to achieve a work / life balance. -%09HNN, Corporate Finance, Professional Development Program

  2. "Fund accounting Gdańsk"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Fund Accountant in Gdańsk
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at State Street full-time for less than a year

    Pros

    Salary - only 2500 zloty - around 600 euro. It is less but it is money :)

    Cons

    A few notes about fund accounting. I do not recommend to anyone. This is a waste of time. Your superiors won't say they lie to you but they do. If you don't like them, they'll fire you sooner or later. The work is on time, it consists of clicking at the right time and jumping to the next customer. Mechanical work, without any creativity, thought, only patting and patting the same buttons every day for 8 hours. You cannot be late because you need to send information to the client that the fund has been valued. The rotation is high, people come and go. Only officer and senior associate remain. There are a lot of young people. The worst thing is that supervisors do not respect employees and do not count with them. Not this one, it will be next, another graduate will come after graduation. You have to arrange access to programs yourself, this is a path of torture. If you have no orientation, you can't handle it. Training is very poor, you have to read and train yourself, at least there is an interesting "collaborate" page - where you can find information on fund accounting. An interesting program is "belt" - karate belts. You pass the exam and get a white belt, then yellow, blue, green, etc. Collaboration is very difficult with a senior. If you have any "break" or "crue" - these are daily reports, in which there are incorrect postings or unknown postings, know that you are waiting for help. Either you solve the problem yourself or you have to wait 40 days or longer. Work is a headache, the officer will tell you that he has a lot of work, other clients and cannot just think about your client. However, if you make a mistake, it is your fault or how many "errors" there are - "break". It is an endless circle of negative experiences. The worst is rush, work on time, you have only 30 minutes to complete the task, and here the computer is slow, people are talking around, you have to train another person on the way, someone writes something to you in chat, you can get split. Nobody cares that you have a family, your own life, only the results count. I hit it bad, there are bands where it's better, however, there is time pressure in each team. It is better not to talk too much about open space, because it is a flea market of gossip, they talk about each other, it is very sad. Even superiors laugh at subordinates and their behavior. Plus every Tuesday apples and bananas that disappear in 1 hour. :)

  3. Helpful (1)

    "Don't invest in employees"

    2.0
    Current Employee - Fund Accountant in Boston, MA

    I have been working at State Street full-time for more than 3 years

    Pros

    Work from home flex sxhedules

    Cons

    Terrible development, not much training

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  4. "Big name but low paying"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Fund Accountant in Quincy, MA
    Recommends
    Positive Outlook
    No Opinion of CEO

    I worked at State Street full-time for more than a year

    Pros

    Big name and good benefits

    Cons

    low pay and no opportunity for promotions

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  5. "Associate Fund Accountant"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate Fund Accountant in Bangalore
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I have been working at State Street full-time for more than a year

    Pros

    The work does not require you to stretch for long hours. The work can be easily managed within a time window of 9 hours.

    Cons

    The biggest disadvantage for me was the night shift. The role I was hired for had a proper night shift since I was working for the north american region.

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  6. "Fund Accounting Officer"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Fund Accountant in Kilkenny
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street full-time for more than 10 years

    Pros

    Flexi time is the biggest plus working here

    Cons

    career progression is non existent

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  7. "just basic nothing too special"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Fund Accountant in Dublin, Dublin
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at State Street full-time for more than a year

    Pros

    okay enough benefits, just the basics and health insurance is subsidised

    Cons

    management do not care enough, hence high turnover. overly long working hours

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  8. "Fund Accountant"

    3.0
    Current Employee - Fund Accountant in Kraków

    I have been working at State Street full-time for more than a year

    Pros

    environment, team, activity management, work distribution, non overtime

    Cons

    people not well prepared, wage, promotions

  9. "Fund Accounting Manager"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Fund Accountant in Dublin, Dublin
    Doesn't Recommend
    Disapproves of CEO

    I worked at State Street full-time for more than 5 years

    Pros

    Nice colleagues, great environment in which to train an skill up.

    Cons

    Too much non-core work activiites, training modules, etc.

  10. Helpful (1)

    "Get Some Experience and Get Out"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Mutual Fund Accountant in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at State Street full-time for more than a year

    Pros

    Benefits, gym in the building

    Cons

    No training, you basically just watch someone for a couple weeks and they send you on your way.

    Continue reading
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