Pros
Great benefits, though the stock purchase plan and 401K contribution were not as generous as other companies.
Cons
I can speak only from the technology realm. The company downsizes on an annual bases in the double digits to make their numbers. Replaces US employees with offshore employees or with H1B visa consultants. There is no such thing as work/life balance and there is no such thing as comp time. I did get comp time once after I had spent a summer working 14-hour days during the week and working several weekends, my manager smiled and gave me a day off. Management is rude and demeaning to their employees. In my area, there were several people who applied for jobs elsewhere in the bank but were blackballed by their managers. The only people who got out were the folks who knew the hiring manager first. It is a finger-pointing organization and highly micromanaged from the top levels. You constantly have to CYA. Also, in the 6 years I was there, I only received 2 raises. After 2008, no one in my department saw a raise except for a couple of people, and they weren't happy with the raises they got. If you're in technology, stay away!