Good first job. - Fund Accountant State Street Employee Review

3.0
Jan 22, 2009
Recommend
CEO approval
Business outlook

Pros

involves a client who gives money to an asset manager, who then invests it to meet the client’s financial objectives, so you get exposure across the company. Vacation Time is a plus but the hours are a killer. Asset Managers can also work for hedge funds, which typically combines outside capital with capital contributed by partners of the fund. The holidays vary throughout the company, which can be hard on people. Most days are about 11 hours, others longer. The bonus pool is questionable, the freeze on hiring and promotions seemed to set everyone straight. Overall it is a good place.

Cons

Massive amounts of layouts and sporadic communicatiion bring down moral

Explore other reviews about State Street

5.0
Jun 5, 2026
Recommend
CEO approval
Business outlook

Pros

on-boarding was easy, lot of learning opportunities/clients to service, nice co-workers

Cons

sparse work-load allotted, difficult client assignments, strict vps

1.0
May 14, 2026
Recommend
CEO approval
Business outlook

Pros

Remote work is (rarely) an option, though the approval process is extremely slow and bureaucratic. There are a few well-meaning colleagues who genuinely try to drive positive change before burning out.

Cons

Onboarding and HR processes are severely broken, taking 11 months to approve remote status and failing to prepare basic equipment for day one. The workplace culture is deeply hostile, with anger and yelling functioning as the default communication style across teams. Leadership turnover is rampant, resulting in constant re-organizations, splintered teams, and a total lack of strategic direction. Role clarity is non-existent, forcing employees to invent their own daily tasks while receiving entirely contradictory instructions. Direct management is completely absent; I went seven months without any contact from my boss before being laid off via a three-word instant message and short call.

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