Pros
Each project team and division is managed differently. This translates into widely different experiences between different areas of the company. The team I'm on does a good job at keeping its people stimulated and motivated. Superstars are praised and fought for among the project managers but these superstars are few and far between. Working from home and vacation flexibility are great perks, as well as a talented and nurturing senior management. The company is trying to become "Tier 1" whatever that means, and is making inroads to automate some of its processes and be more tech-savvy. It still isn't where we were back in the AMS days, but it's at least something.
Cons
Horrible salary structure. The starting pay is decent, but the 4% average yearly increases leave you horribly out-of-sync with new employees. Efforts to bring salary up to par are met with fierce retaliation, as the company keeps salaries low in order to boost overall profitability numbers. I wouldn't be surprised if most of my team is in the lower 25th percentile for market salaries. Money for supplies, extra training, and bonuses is always non-existent. Every quarter there is "no money for indirects" and this cycle always repeats. No company-paid training or sponsored training (other than a horrible CBT website), you're left to fend for yourself. And when you do get a certification to improve your standing within the company....your salary increase doesn't even reflect that.