Best Places to Work in IT 2010 Employer Profile

No. 81

State Street Corp.

Boston [New England]

Why you want to work there

IT workers at this Boston-based financial services firm get an opportunity to learn and grow their skills on cutting-edge technology. A few examples of current IT projects and strategies include stack and cloud configurations, "lean" practices, agile methodologies and innovative data management capabilities. In fact, 20% to 25% of the company's operating budget is invested each year in technology. A dedicated Office of Architecture under the CIO reviews industry trends and capabilities. A flexible work program allows employees to design alternatives to the traditional workday, the standard workweek or the traditional workplace. Eligible employees receive annual merit increases and various forms of incentive compensation, all of which are based on performance. Each year, the CIO sets an annual training requirement and recommendation for IT workers. In addition, the IT Excellence in Action training academy provides IT employees with seminars and workshops specific to their needs. New this year: The company will offer two promotion cycles annually.

Rank by company size:
Large, No. 47

Employee Statistics

Total U.S.-based employees: 16,881

Total U.S.-based IT employees: 3,147

IT employee turnover in 2009: 12%

IT promotions in 2009: 0%


Training days offered per IT employee in 2009: 2

Training budget per IT employee in 2009: $228

Women in IT

Total percentage of women within IT: 30%

Percentage of IT managers who are women: 24%

Percentage of IT staffers (non-managers) who are women: 32%

Minorities in IT

Total percentage of minorities within IT: 22%

Percentage of IT managers who are minorities: 18%

Percentage of IT staffers (non-managers) who are minorities: 32%