Pros
Decent experience if your a recent graduate The LRIF matching was a great benefit
Cons
Management! Management! Management! State Street has to have the worst managers in the business. Every one of the managers I worked under was either rude, moody or incompetent. And in one case it was all 3 at once! To make matters worse the Senior Managers never show their faces to you and don't seem to mind that the company has such a large turnover rate. Couple the problems with the managers with absolutely horrible pay rates and you get one awful place to work. The opportunities for advancement are also severely limited. Getting up to the level of Senior Fund Accountant is easy (if your manager likes you) but from there it is very difficult. Most of the managers are "lifers" who won't leave as they know they could not make it elsewhere.