Pros
A PhD is always very advisor/PI dependent, but I had a great experience with room to learn, grow, and explore interesting research questions. As with any PhD program you’ll work pretty hard for relatively lower pay and perhaps less directly applicable industry career trajectory at the end, but if you find good people to tackle the journey with and get to work on interesting problems I personally think the journey is worthwhile!
Cons
Less of a program wide cohort in my particular engineering field. Some funding challenges with the govt last year but seem mostly back now, apart from the recent administration issues funding wasn’t generally a challenge