Pros
Paycheck. Decent benefits. Potential for flexibility but it depends on who you work for.
Cons
Terrible culture of rampant micromanagement, red tape, and inefficiencies. Highly political. Forget about advancement unless you are chummy with the right people. Hard work is just not rewarded here but gossiping, backstabbing, and general incompetence are the way to thrive. You'll likely spend 80% of your time justifying and running reports on what you do the other 20%; and that's when you are not wasting your days in pointless meetings where nothing actually gets accomplished. Good luck getting your hands on assignments which require the very intelligence, skills, and experience that got you hired. Salaries are adequate at the start, but do not keep up with the market, so you'll be training and mentoring new people that are clearly less experienced than you, but earn 15-20% more.