Pros
Being able to put an extensive list of responsibilities and duties on your resume because that company is basically a huge resume booster.
Cons
The work is overwhelming, it is nonstop, working 10 hours or more a day is normal. I only remember having lunch outside of my desk maybe 3 times, probably when I first started working there. Probably the biggest con would be the fact that you are paid at least 15k-20k below market in that field. Its so low even fresh grads think its not good enough, but they take it anyway just as a first job. I believe everyone is there to gain the experience, State Street is just a breeding ground for accounting and finance people. Management is also so overworked, that most people don't want to get promoted and usually look for another job after a year (that's their idea of a promoting themselves).There is no work/life balance, and also no culture there. They have the highest turnover rate in the industry.