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      State Street

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      Not what it used to be - Fund Administrator - Associate II State Street Employee Review

      3.0
      Oct 22, 2014
      Fund administrator - associate ii
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good place to get a foot in the door. It's hard now to learn more then one task now because of the center's of excellence. When you join a group you basically learn how to do only one thing. As a fund accountant it used to be you were in charge of accounting and custody. Now you are only in charge of accounting.

      Cons

      Outsourcing of work is the priority right now. From what I understand the whole fund administration department is being outsourced. Compliance, Client Operations, Financial reporting etc. There is no room for growth. Layoffs are happening constantly

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      5.0
      Jun 23, 2026
      Quantitative trader
      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.

      1.0
      Jul 1, 2026
      Associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      They offer resources for learning.

      Cons

      In my previous roles I've never felt burnout but with this one is the first I was feeling crush. I don't think managers take time to structure the tasks on a 8hrs or 10hrs per day. There are a lot of unrealistic expectations, no work-life balance at all. Even if you made the sacrifice to stay late, you will not be done with the work for the day.

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