Pros
Great benefits, and salaries are, from what I can tell, on the higher side of average for the financial service industry. Somewhat conservative culture but not as much as one would think for the financial service industry. Fairly open minded and tolerant place to work. There are some career development opportunities. Great work life/balance in my experience, but not for everyone. And the marketing department has a lot of potential if they had better leadership.
Cons
I think it really depends on what department you're in. I work in marketing which has on average 1 to 2 re-orgs a year. A coworker worked here for four years and had seven managers. I've worked here half the time and have had three. Senior management gets caught up in territorial ego games. The best interest of the company does not seem to enter into many of their decisions. Whether they know it or not (they'd have to be deaf, dumb, and blind not to) most employees have no confidence in their leadership. And I have to seriously question the marketing competency of most senior management and some of middle management. It's a place where incompetence can hide out for a long time. There are many people who don't care to do things right or better, they just want to cross the task off their list. This is the case with most of the marketing managers who, in fairness, are an overburdened group. They often cut corners and push things along without developing a campaign to nearly its potential. I would also add that most of them don't seem to have a good grasp on marketing - not nearly enough for what the job requires. Lincoln is old fashioned and has not really grasped the importance of the internet yet. Your bright, forward thinking, ideas may or may not get audience depending on your team. There are many nice people but if you actually care about your job and have passion for what you do, you may find yourself very frustrated by the incompetence, "just get it done" mentality, and bureacracy.