State Street, Yey or Nay?

Austin 3:16 · 21-10-2009, 14:35

Quick one here.

Has any worked with State Street as a Fund Accountant?
Basically would any1 recommend the job (in terms of career progression, pay etc...)?

Thanks.

Adrock-aka · 07-11-2009, 18:53

If you've been offered it take it! Recession etc and its a grand job.

Fund accountancy being only 15 years-ish old in Ireland is a relatively new type of job. Up until the end of 07 when there was still a lot of growth the career progression was very good (probably too good) i.e senior accountant after 1.5/2 years and account manager after 3.5/4 depending on abilities.

Its a completely a different story now with regards to career progression. The industry has contracted and the growth hit a wall prompting redundancies etc. Theres less junior fund accountants entering at the bottom level which means not many people are promoted up through the ranks.

Statestreets pay for a graduate is a little above average according to a friend of mine. I've also heard statestreet/IFS work a good bit of overtime.

To reiterate, your career wont have any progression until you take a job! Worry about that once you're getting a salary!

mikemac · 08-11-2009, 08:40

It's a decent job but can be mind numbling boring. But who cares??
But if you're being offered it then take it! You're working for an international company and it's good on the CV

It's true that up a few years ago anyone could get swiftly promoted if they were good but opportunities for this have largely gone.
Also, Statestreet/IFS are around Ireland. You don't have to work in Dublin, maybe Kilkenny would suit you.

I'd say take the job but if it's not the area you want to work in long term you can maybe start professional exams and study in your own time. The company might make a contribution if it's some way relevant

Adrock-aka · 08-11-2009, 12:57

Yeh thats good advice from Mikemac. If you take it, once you get a handle on your workload begin professional exams AS SOON AS POSSIBLE! CAIA or CFA or ISE exams or go the accountancy route. My company helped me go for the CAIA they were very cool about it.

21-10-2009, 14:35	#1
Austin 3:16 Registered User Join Date: Jan 2009 Location: Parts Unknown Posts: 66 Adverts \| Friends	State Street, Yey or Nay? Quick one here. Has any worked with State Street as a Fund Accountant? Basically would any1 recommend the job (in terms of career progression, pay etc...)? Thanks.

07-11-2009, 18:53	#2
Adrock-aka Registered User Join Date: Oct 2008 Location: The Church of internal calculator Posts: 211 Adverts \| Friends	If you've been offered it take it! Recession etc and its a grand job. Fund accountancy being only 15 years-ish old in Ireland is a relatively new type of job. Up until the end of 07 when there was still a lot of growth the career progression was very good (probably too good) i.e senior accountant after 1.5/2 years and account manager after 3.5/4 depending on abilities. Its a completely a different story now with regards to career progression. The industry has contracted and the growth hit a wall prompting redundancies etc. Theres less junior fund accountants entering at the bottom level which means not many people are promoted up through the ranks. Statestreets pay for a graduate is a little above average according to a friend of mine. I've also heard statestreet/IFS work a good bit of overtime. To reiterate, your career wont have any progression until you take a job! Worry about that once you're getting a salary! __________________ Hit me with the switches

08-11-2009, 12:57	#4
Adrock-aka Registered User Join Date: Oct 2008 Location: The Church of internal calculator Posts: 211 Adverts \| Friends	Yeh thats good advice from Mikemac. If you take it, once you get a handle on your workload begin professional exams AS SOON AS POSSIBLE! CAIA or CFA or ISE exams or go the accountancy route. My company helped me go for the CAIA they were very cool about it. __________________ Hit me with the switches

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08-11-2009, 08:40	#3
mikemac Registered User Join Date: Dec 2004 Posts: 7,955 Adverts \| Friends	It's a decent job but can be mind numbling boring. But who cares?? But if you're being offered it then take it! You're working for an international company and it's good on the CV It's true that up a few years ago anyone could get swiftly promoted if they were good but opportunities for this have largely gone. Also, Statestreet/IFS are around Ireland. You don't have to work in Dublin, maybe Kilkenny would suit you. I'd say take the job but if it's not the area you want to work in long term you can maybe start professional exams and study in your own time. The company might make a contribution if it's some way relevant