Pros
Good exposure to new technologies(cloud and related) if you are working in the right team. Friendly colleagues. Moderate work-life balance. Good pay for starters. You will receive a lot of help from fellow employees. More focus to quality, helps you become a better developer/engineer/architect. Some orgs have really nice work culture. Again, some.
Cons
Lot of old technologies. You must be in the right team to see modern tech stack code-base. No, you won't grow as you expect. Paradise for micro-managers. No onsite opportunities. No exciting events except TechConclave(management decides content) and Hackathon(I have had winning ideas, just ignored by the management for the sake of senior's). Racist and judgmental first level management, sometimes depresses you. Its like claiming good work culture and going 180 degrees on it. The 'you must be in my good books to get benefits' mentality of managers is cheap. First level managers have strange rules to appreciate an employee's senses of ownership, innovation and general work. I never expected racism after working for 5+ years in the company.