Pros
The benefits are very competitive. If you are on a good team, it's one of the best places to work. Make sure your manager is a good person to work for, there are talented workers that don't always make good managers, so be wary of people that were promoted without the proper screening. Unique sports and health forward environment. Fun company-wide events on the HQ campus. Internships are hard to come by, but if you can get in, you will have a pretty smooth career if offered a job at the end. Employee store discounts and sample sales are very nice.
Cons
Cutthroat working environment. (relative to less aggressive companies in the same industry) Just because it is a sports/athletics company, it still functions like a blue-chip capitalist corporate company. Like many companies, promotions are rarely given on merit. HR and the employee relations team is toothless when advocating for employees not in management positions. (See Trevor Edwards scandal for just one easy example). Nike pretends to be one of those "woke" companies but operates behind the scenes in quite the opposite way. The stifling political correctness of Portland often seeps into the culture.