Pros
Many people who work at FINRA are very proud to work for an organization that provides an opportunity to work for the "good guys" while getting better compensation than would be available working for the SEC or other governmental regulator. Historically, FINRA has been a very secure place to work [although this may be changing in the wake of the recent market downturn]. The company has offered good benefits and pay [although salaries/bonuses do not approach what brokerage employees receive in good times]. Very generous paid maternity/paternity leave. FINRA is still one of relatively few employers to offer a pension and a 401[K] plan.
Cons
The quality of leadership in various divisions varies significantly. As a result, the workplace experience varies depending on location and unit in which you work. For instance, being an examiner in one district office can be a completely different experience than working in another district office. Some units enforce oppressive production metrics. Senior management is often uncommunicative about issues concerning employees. Employment stability will be a concern in 2009. The company is already offering early retirement packages to employees who are 55 or older and have 10 years with the company. While the packages are voluntary, there are concerns that involuntary headcount reductions may be coming in 2009. Senior managers who screw up are often not held accountable.