Pros
None I can think of.
Cons
This place makes sure that you don't earn any domain knowledge that is portable ensuring you remain its slave forever. This is true for majority of the hires in last few years who were attracted by the shiny sales pitch and the prospect of working at one of the world's largest hedge fund(correction - a small proportion of the managed assets are hedge fund) . The troops are largely demoralized and frustrated at the lack of growth and nebulas career path. Mid-level management shuffles are frequent, and irrational leading to unexplained demotions. Management is full of shiny ex-academic stars who are low on ideas and high on BS. This review is probably similar to others, and after three years I am frustrated. This place doesn't deserve a single five starts. Most of the five stars reviews are from gullible interns who after spending just two months, fattened by the free lunches and snacks leave awestruck by the gimmicky sales pitch. From my experience, it takes six months at AQR for the honeymoon to wane away.