Pros
Procter & Gamble is a very diverse company which provides a vast array of opportuniites for young workers to mold their careers. We have a very thorough training process and fairly structured evaluation process. Management tends to rely heavily on the independence of new employees, and place them in positions of significant responsibility early in their carrers. P&G also draws very talented people, which provides a work environment which is stimulating and enjoyable. Work-life balance is valued by senior managment, which makes them flexible when it comes to taking care of personal matters. Rather than focusing on face-time, P&G values your overall work product when it comes to evaluating performance.
Cons
P&G is located in Cincinnati, OH, which may be generally considered less than desirable. As a derivative of its location, there is a fair amount of close-mindedness in addressing world issues and contrary political views. Also, since P&G hires very talented people, there is some dissatisfaction with the promotion process, as we are all ambitious people, vying for a limited number of slots in upper managment.