Pros
If you are interested in back office/operations side of financial market it's a good place to start off. State Street also offers great opportunities for movement within the company. Most of the staff here are young people with similar mind sets who can get a long pretty well.
Cons
State Street as a whole is a great company and I’m sure other groups may feel different than me, but I can only speak from my experience with my particular group. First downside of working in our group is the lack of recognition and appreciativeness we should be getting for doing our work or making certain processes better. The only time we really talk to our managers is when there is an issue or if something happened that caused problems. I have never really talked to my manager about anything else. Second downside of working in my particular group is the pay. We get paid 30k a year with overtime; however even with overtime at most we are going to get paid 32k, or 33k a year. I do admit our work isn’t the most difficult nor is it going to be making any money for State Street, but I believe the compensation should be a bit higher. I have also heard stories about the willingness for State Street to pay at a higher rate only when a worker threatens to leave. It’s too bad I do not look forward to coming to work like I did at my previous job.