Pros
Base pay is competitive and fair. Company funded parties are great (1990's WorldCom style)! A lot of motivated young people with solid academic accomplishment.
Cons
A very negative culture, and significant lack of integrity and leadership at the Managing Director level. I was shocked and appalled by the arrogance and crude behavior of some of the MD's. They manage the practice like a fraternity. Moreover, I was surprised by their overall lack of professional accomplishment and technical skill. There is little or no structure and transparency in the management of the consulting practices. There is no formula for bonuses (it's 100% discretionary) and a mostly undefined performance review process. The consulting assignments in the Higher Ed practice are insignificant and unfulfilling.