Underpaid entry level job - Account Administrator- Loan Services Unit State Street Employee Review

2.0
Oct 11, 2008
Recommend
CEO approval
Business outlook

Pros

Well known company in a great city, great for entry level. Most other entry level workers are around the college grad age, so if you are just moving to Boston it is a great place to make new friends.

Cons

Pay is terrible, you start at $32,000 a year based on a 36.5 hour work week, and trying to live in Boston on that salary is hard to do when you must pay $1,000+ per month for an apartment in the city. Rarely do you end up only working 36.5 hours as you are required to work long days and occasional weekends during quarter ends. You must put in a lot of years before being promoted.

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.

See reviews by: Helpful|Rating|Date|All