Pros
Salary to feed your family, pay the mortgage
Cons
I came in through an acquisition (Broadcom had paid a *ridiculous* amount of money for my company, we were all in shock (good shock) when it happened). I was easily able to negotiate for title of Principal Engineer. I spent around a year at Broadcom, cashing humongous pay checks (due to RSU's from acquisition), until I got super bored & found that my career was going down the toilet. I left for a much better company and I am happy. Promotions seem to be very rare and highly political. Even if you come up with innovative stuff you are not rewarded well. Talent level is very low compared to other companies and industries (think Google, Apple). Ton of people who don't do any work and simply have fun, which saps your motivation too. If you are a fresh grad, get the hell outta this place. Actually get the hell outta this industry.