Pros
Infosys' brand recognition and might provide a good deal an edge in the industry. The client base is to die for (if you get to work on one, that is). There's a great camaraderie among peer groups, they tend to help each other whenever they can. Knowledge sharing within groups is excellent and the knowledge sites/locations carry good amount of reading study materials. Internal trainings (and the external arranged ones) are really good. All the campus are extremely well maintained which attracts lot many people. Canteen and foods are decent enough. For people on bench, there are avenues to indulge in like well stocked libraries, cultural shows , excercise areas, sports events.
Cons
Compensation packages are very poor compared to peers in the industry. There are no clear growth plans or career opportunities. Once candidate is Interviewed and selected, may be put into any business unit irrespective of the past experience (happped with me, 10 yrs exp). Some of the project / units are very top heavy hence very difficult to move up the ladder - its easier to move lateraly. If we want to change to another business unit, there are no clear process around the same, one has to rely on old contacts. At times, it feels Infosys has become an elephant of a company and moves very slowly where decision making is concerned.