Pros
Benefit: generous 401K (although other companies around are already catching up), free healthcare, food subsidies, gym membership, and travel aboard. Some department sends leads out to conferences yearly.
Cons
Lack ability to recruit top notch candidate, aging technologies are still in place with slow pace in adapting new technologies.Being heavy on benefit company, SWIFT monetary compensation lack the competitiveness and often $15-30K below big players in the area. Hence, there isn't that many top-notch candidate accepted offer from SWIFT. This trend of lack of cream of the crop pool of talent is effecting SWIFT future R&D innovation and adaptation of new technologies. Open environment + No cubical = an open zoo with no privacy and very distracted environment = down in productivity since engineer can't concentrate.