Pros
Pay is pretty good and the people are good to work with. In my particular case I can work from home a lot, but they aren't allowing that as much any more. The technology is ok to work with for the most part.
Cons
Large enterprise issues like complete hard drive encryption that slows the machines substantially. Work isn't too challenging and there isn't a lot of room for creativity. No Macs allowed. The management talks of Best in Class software, but it isn't supported from top to bottom. E.g., we must use IBM Rational Functional Tester even though developers and QA all dislike it. We have to use ClearCase even though nobody likes it. We say we want best in class, but look to develop mobile solutions that are lowest common denominator-driven for ease of cross platform development (iOS & Android). There isn't a EVP of Product Design, which I believe is required if you want best in class products.