Pros
I took this job out of school and have very little to compare it to, but it seems like there is almost none of the bureaucracy which many engineers at other companies complain about. At electroimpact if you are motivated to take the initiative, you can do almost whatever you want (within the company's scope, of course). The benefits are pretty good, the pay for a Controls engineer after 1 year is comparable to other companies, but still a bit low. Profit sharing over-time, and per diem, however, help with that (when you get them)
Cons
Travel: As a controls engineer, I've been asked to travel to multiple places for over 6 months at a time. I stayed in one for 8, and then was able to come home early from another after 3. It's difficult to have a life outside of work when so much travel is requested of you. The company culture: Very passive aggressive. Public e-mail shaming is "the EI way", and it can be very hard to ask people questions or voice your opinion when they immediately get defensive and/or treat you like you're intelligence is far FAR below theirs.