Pros
Large product set that can be sold into many vertical markets.
Cons
It All Depends....on who you are working for, what group and if you don't see your job change every year do the continuous reorganizations. If you want the work/life balance most o us do that's fine....just be prepared to party with the key management folks weekly or you will be on the outside looking in due to the high level of office politics. Products are very expensive and many often wonder it they are worth it. Many companies have spent millions on SAP software; have they received the ROI/Benefits promised? Perhaps some have but many have not. Many other choices out there with similar functionality for a fraction if the cost. SHOP AROUND!!! And if your company somehow gets out of compliance with the terms of your agreement the SAP software compliance police will be out to get you every quarter/year. And you don't want to have that discussion!