A place to lay your hat for a few years while the economy picks up.
Pros
In most offices it is a relaxing work environment and primarily an 8-5 (or less) work schedule. There seems to be flexibility in working from home. Doesn't seem to be a lot of micromanaging. Some people have worked here for a while and have moved around to different duties/roles, but are still at roughly the same level. I gather most people that are standard employees stay here because it is not too stressful an environment.
Cons
The benefits are not the best or close. Sub-standard medical, dental, etc. Very poor bonuses. No stake in the company is given. Hardly any tuition reimbursement. It is run by Investment Banking firms which causes a downward push on cost cutting in an extreme manner. Very little chance for upward growth and being challenged in your daily work. For the most part, once your here for three months, you're job will be roughly the same.