Pros
New York City. Great pay, and great benefits. 4 weeks of vacation time. Exposure to more than just plain old software. Free food (somewhat). Some great people work there (as well as some not so great).
Cons
4 weeks of vacation, but working 12 hours on one day and 7 hours on another isn't enough (8 and 8 works though). Not enough feedback from management. Business/sales people are often responsible for big decisions. They don't have any sense of what kind of resources a project will take. People working here for 10 years are doing the exact same thing as recent university graduates. The work environment sucks with just lines of desks and no vision/noise blocking devices; if you sit next to a manager, expect to have conversations/debates going on at all times. If you sit next to one of the projectors broadcasting announcements on the wall, expect to be distracted by flashing text every 5 minutes. Antiquated system architecture, and frequently broken development tools. Free food is good, but it's all chips, candy, and sodas, with few healthy options.