Pros
The projects can be challenging and there are usually opportunities to learn and grow. Self study training materials are readily available (i.e. books24x7 membership, lots of free online tutorials, large in-house knowledge base of articles and trianing materials, free MCITP test prep material and vouchers available). There are still many very good developers and architects to work with and learn from if you have the good fortune of getting on a project with them. Each employee is assigned a career manager who acts as a mentor, supervisor and advocate.
Cons
Its very difficult to get the company to send you for training courses. Pay scale is a bit below market value. Staff is expected to work overtime without compensation. Significant levels of dissatisfaction in role assignments and growth opportunities which have resulted in high attrition rates. Management appears to take little interest in staff job satisfaction. The poor medical coverage can lead to significant cost to employees in deducatables and copays. To get promoted, your career manager (immediate supervisor) need to push for your promotion. Usually this works well. However, when a career manager is overworked, apathetic, or the attrition rate is high and a staff member is assigned a new career manager every 3 months, it becomes very difficult to get a promotion.