Pros
I was an intern so my experience is highly different than most posting a review. This essentially for interns who may be looking to get info. The best reason to work at state street as an intern is that compensation is fairly decent (not compared to accounting firms btw). They hire alot of interns so there's a chance you will meet them and really enjoy their company. Another good thing about state street is the people. I really thought my co workers were hilarious.
Cons
Company culture was just horrible. Everyone hated their jobs and no one had any kind of passion for the work. I felt like I walked into to death every morning in terms of morale. Internship program itself was a bit lame, a few workshops were haphazardly thrown together. Unlike many MANY other internship programs there were no enticing perks which is why turnover even in the internship program is so damn high. Not to sound like an entitled Millenial but State Street needed to work on making the interns feel special. In terms of work I can speak for many other interns and say that most were given nothing to do at all and spent the day looking for something only to be turned down. They were on Meebo most of the time. Others like myself had the tedious work that you'd expect. Filing and processing corporate actions. I must admit I am biased towards disliking the work simply because this is the last thing I see myself doing. It's just boring typing numbers into a computer and to feel like a unrecognized bee in a hive. If you do not want to grow up and do this you're best bet is to find an internship that suits your interest and take a pay cut if need be. If someone gave me the option to work for the 520 a week at State Street again or work for free at a company and in an industry I've always wanted to be in I'd take unpaid anyday. AND NO I'm not rich enough to do that. Experience counts in the long run.