Pros
You will develop valuable managerial skills that you can use anywhere. You may also inadvertently see examples of how not too manage. If you are a "Golden Boy" or in the Boys Club, you will move up regardless of how inept you are. Incompetence will not necessarily prevent you from being promoted. The company is not too bad if you are not in Manufacturing or Production.
Cons
This company was once a great place to work. It is sad to see how it has declined in the last 10 years. If you are not a "Golden Boy" or on the fast track, then forget it. Not only will you not move up, you will eventually be the fall guy for the incompetence of some Golden Boy. They preach quality and effeciency relentlessly. Yet, you would be amazed at how they will turn a blind eye to the constant screw ups of some of their "special" people. I have seen customers and business lost and product lines ruined because Management insists on protecting some Golden Child, rather than put someone in the position that can do the job. Human Resources is a joke. Once again, they will help you if you are on the fast track and they think there will be a payoff for them down the road. If you aren't in the Boy's Club, then forget it. They are not interested in helping you or even listening to you. By now, a pattern should is emerging. It is not a bad place to start and acquire some skills. However, if you have not progressed after 5 years, then you either have to accept your fate or leave the company. It is not a place to work long term if you are looking for advancement. Competence, technical expertise, and a good work record with numerous accomplishments will not prevent you from being the fall guy. They will cut you loose in a minute to protect one of their Golden Boys.