State Street, Yey or Nay?

Austin 3:16

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

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

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

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.

surges

have any interview with these guys for a pricing role. if anyone has any tips or experience with state state to share - would be much appreciated.

Captainsatnav

Anyone have any experience with State Street Global Advisors? Have an interview there next week. Thanks.