Pros
Great Benefits Package Smart and stimulating colleagues Opportunity to learn about the world of finance. Regular working hours after you have been here for a while(more or less) Pay is good in good years. At the first sign of a lean market the incentive pay is disproportionately reduced. Great place to stay if you have kids and need an easy job to coast through or are waiting to collect social security.
Cons
Technologically in the stone age - hence once you are here for a while it is very hard to get another tech job outside as your skills deteriorate. . Absolutely no opportunities for growth. Management does not really care about growth of their employees - they just provide lip service with all the latest initiatives as they have to tackle the alarming attrition rate. Senior management is very old school and does not know how to run a 21st century knowledge shop. It is a very 1980's mafia style work culture. Loyalty and appearance of loyalty is prized above everything else. New York Times called it a 'digital white-collar sweatshop'. There is no thought given to software processes - it is a single minded focus to get stuff out to clients as fast as possible without regards to quality. As a result the product is a hotchpotch mix of applications which no one understands how to use. In their rush to get products out they have made some really bad software decisions which they have then spent man-decades correcting.