Pros
Relaxed office environment, exposure to other capital market desks and ability to build relationships across the bank. Constant deal flow which exposes you to a large part of midstream space.
Cons
Lack of promotion opportunities; top heavy office with no turnover at senior levels (who are almost exclusively Canadian); appalling lack of expertise and leadership at senior levels results in low to no business growth; complex or high involvement transactions are limited; palpable baseless favoritism; inundated with office politics that creates have and have-nots; annoying Canadian counterparts that think they are know-it-alls and consistently try to undermine work; compensation bears little correlation with work product, revenue or return metrics; corporate culture is annoyingly PC and run by airheads; limited growth opportunities, training or mentoring.