Pros
The firm still holds a strong reputation within the industry, especially beyond the Boston area (it’s a small world). On an individual level, there are many talented and intelligent people. If you can afford to keep your head in the sand and just focus on your daily tasks, ignoring politics and gossip, or if you don't care about personal growth and promotions, you still can find an intellectually stimulating environment. Annual profit sharing of 15% of total comp deposited into 401k is a nice perk not offered by many.
Cons
The firm is currently operated more like an unprofessional family business. There’s a clear reason why they rarely hire external candidates into truly meaningful senior executive roles: doing so would risk exposing the deep-rooted lack of professionalism and lack of direction that have existed for at least a decade. It’s astonishing that a company built on scrutinizing other companies as investments can itself be run with such poor governance and a glaring absence of accountability for poor decisions and mismanagement. Mid-level managers largely survive by managing up and, more often than not, act as enforcers rather than true leaders. Many resemble small-time mafia bosses, prioritizing obedience and loyalty over merit and capability. What was once marketed as a “great culture” has devolved into a network of cliques and inner circles. If you’re not aligning yourself with the right people, you’ll likely end up marginalized—regardless of your achievements, skills or potential.