Pros
If you enjoy daily challenges and the ability to use your skills creatively, its a great place to work. You quite often get to see the results of your labors immediately, rewarding you at least with a "job well done" feeling.
Cons
For labor, pay for effort doesn't even come close to management salaries, let alone averages in the developed world. Prepare to hear the term "globally competitive" when management discusses labor pay. What they really mean is "we want all our workers to accept the Chinese $150/month wage". Prepare for constant back-stabbing as managers scrabble for each level up the career ladder regardless of who they have to step on along the way and to the detriment of the company as a whole. Also be ready to move a lot, as most jobs are moving south to the Republican "Right to Work (for less pay)" states. If you don't need any more friends, don't have a conscience and can kiss up to your betters and brow-beat your subordinates, you should fit right in to Cat's current management structure. Prepare to have to work to get noticed as the bloated, top-heavy structure of management at Cat makes it hard to stand out...unless you don't slavishly follow the status quo. This will only serve to relegate you to an out-of-the-way, dead end job posting. If you have less than a 4 year degree, don't bother unless you strive only to work in shop floor supervision. If you want more, not even 4 years is good enough. Senior management is now predominately filled with Degree toting number crunchers instead of those who worked their way up from the shop floor, meaning they know little to nothing about actual operations and care only about numbers, charts and Power Points.