Pros
- Highly ambitious peers, constantly impressed by abilities of professionals - Highly professional atmosphere - Seem to hit a homerun with every acquisition - MDs are some of the best in their industries. Highly accomplished and regarded by clients. - No "time-clock cops". Easy come-and-go policy. People are trusted to manage their work load accordingly even at the intern level. - Sky's the limit for advancement. You decide the pace.
Cons
- Too much overhead in the form of non-revenue employees - Can lose sight of the big picture as they cut corners on trivial things like computer supplies, yet have admin staff sitting around with nothing to do - The sky-high rates and long hours equal HUGE revenues, but don't seem to flow down Jr. Mgmt and staff. Someone's getting paid (MDs?EC? Shareholders?). - Staffing can seem like organized chaos as no one is sure what is two weeks down the pipeline and what they will be working on. - Hiring cannot keep up with work coming in because they rely on internal referrals or dumb luck of people finding the listing on the website.