Is State Street as bad as everyone says?

I don't know of anyone personally that has worked there, but all I have came across on Google is that they pay like shit and there is no room for advancement.

Anyone have anything to say about these guys?

14 Comments
 

I believe this is for their Midwest location, primarily Kansas City, not sure if positions in Chi (which I know is a Global Advisors branch).

 

Don't do back office, seriously. I know -- if you can't help it, fine. I walked away from a SAC presentation after they tried to sell me "finance" and "tech" -- and then the woman said, "honestly, it's all back office. I know you don't want this."

Try to look at other AM firms: Pimco, BlackRock, even Wellington, etc.

 
Best Response

I applied to the FLDP thing they have and had a superday recently. SSGM is aight, no prop trading, but does a lot of market making and stuff. The company as a whole is a pretty conservative and clunky custody bank but has a lot of different branches. Their AM(global advisors) division is a top ten asset manager with around 2 trill AUM, and they recently rolled out a new analytics focused division called SS global exchange. They're also pretty big in the service provider game through SS global services and they do a lot of MO and BO service outsourcing.

 

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