State street- compensation etc

Sounds like the pay is shit and not many people like working there. Not many first jobs are that great in the finance world.

Edit: I don't mean that as a bad thing, just something to keep in mind. Everyone has to pay their dues.

http://www.glassdoor.com/Overview/Working-at-State-Street-EI_IE1911.11,…

Hope it helps

Thanks for help. Anyone else have any advice? Do they actually have AUM or is it advisory to others?

What does your sister want to do? I know a bunch of people who started there, most hated it but they were all in fund accounting/ops and basically just calculate NAVs, I don't think there is a ton of opportunity to advance from the ops group, the barriers to entry aren't high you just need to know excel so pay is low and each year they can just hire undergrads for cheaper than promoting/giving you a raise.

All of my friends started in ops so if your sister has an offer for another group, especially ssga it could be really different from what I know.

Fund accountant and client rep are not great places to start if the ultimate goal is ER or AM

On Comp for an entry level fund accountant I'm guessing around 40k, may be lower, in 2007 a friend was an entry level fund accountant making 32k

Used to work at State Street as a Fund Accountant, here is what I remember:

Associate: 32K-35K + Bonus (3%-5%) + OT Associate 2: 37K-41K + Bonus (3%-5%) + OT Sr. Associate: 47K-52K + Bonus (3%-5%) + OT Officer: 61K-66K + Bonus AVP: ? VP: ?

Not sure about the avp/vp level but can only assume its not great.