Pros
I like the fact that they are many young people that work here. Someone that is right out of college will make friends very easily. Also, the leadership programs are a great way for professional development. You get to see several sides of the business and learn 4 different roles in a 2-year period. You start off at a higher than average salary if you're on a program, and you have more opportunities for advancement and raises in the future. I would recommend that anyone coming out of school take a good look at a GE leadership program.
Cons
GE expects you to get your job done. If you don't show results in your work you're going to be in the "needs improvement" bunch when they rank employees. Then you'll have to start showing results quickly, or you're out of a job. Depending on the job, you might have to work 50 or even 60 hours a week to get everything done. Many, if not all of the jobs are high stress. If you work on an off shift you might not get to see much of your family. In general, it is a demanding and sometimes stressful place to work, but the rewards make up for it.