Mutual Fund accounting has its good and bad: know what you are getting into - Senior Fund Accountant State Street Employee Review

3.0
Sep 30, 2008
Recommend
CEO approval
Business Outlook

Pros

At the Kansas City location most of the work is mutual fund accounting. The good of this work is that the work can usually be performed at a moderate pace without having to take work home. Also, since State Street is one of the largest players in this industry, there are often overseas assignments available.

Cons

The work can be routine unto monotony, especially if the employee does not seek and obtain promotions. Also, career wise, while public accounting is a great place to launch a career, mutual fund accounting can be a dead end for many.

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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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