Honest Review of State Street Kansas City - Fund Accountant Associate I State Street Employee Review

3.0
7 Feb 2010
Recommend
CEO approval
Business outlook

Pros

The benefits package is good. They offer quality health care plans, dental, and vision. Also, automatic $50,000 life insurance with ability to purchase more term life. Disability insurance offered at 50% or 70% of your salary. There is a 6% match on 401(k), and last year they did an additional bonus to 401(k) of 6% your earnings that year. I don't think that will happen every year and will depend on how the company does. There is only a 1 year vesting requirement for the 401(k) match. They allow 2 days off to volunteer, 3 personal holidays, 9 NYSE holidays, and 2 weeks vacation when you start. You get 3 weeks vacation on Jan. 1st of your 3rd year. So, if you started in the middle of 2008, you will get 3 weeks of vacation in 2010. You can also buy/sell up to 5 days of vacation as long as you have 2 weeks remaining. A decent fitness center for $20/month is onsite. Most people are pleasant to work with and helpful. There is pretty good job security. You have to do something awful to get fired.

Cons

The salary is not the greatest, but it's better than being unemployed. Due to some of our revenues being tied to the market value of clients' portfolios, raises/bonuses were not good last year. We'll see how it goes this year. I was told that in the past they would give decent raises every 6 months, but "due to the economy" no one received a raise at the end of 2008 and it looks to be minimal raises for end of 2009. Bonuses for the end of 2008 were minimal also. You have to pay $53.60/month for parking in a covered garage since it is a downtown office.

Explore other reviews about State Street

5.0
23 Jun 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 Jun 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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