Pros
Client-focused organization that has a track record of hiring really great people. Plenty of opportunity to learn a ton. Prestigious brand that you can't help but feel proud to work for.
Cons
Comp is lower than peers and we lose a lot of top people as a result; the firm just doesn't keep your wages competitive with the market over time. If you're talented and in an investment role, you can generally double comp by leaving. Benefits range from extremely lean to non-existent. Very quick to pay people down in bad years, but no real upside in good years. Management is far more concerned with share price than employees. Headcount has bloated in unnecessary areas in last three years. Culture has diminished in recent years and a lot of the fun is gone.