Pros
The project work is fairly interesting and will involve you in all aspects of project management- from vendor communications to conducting interviews all the way through to the final PPT. The compensation isn't bad, and being 'run through a meat grinder' will certainly prepare any entry person better for a parallel or upward transition later in their career.
Cons
Terrible internal communication; the projects and retaining clients take much higher priority over employee growth and development; projects tend to focus more on primary market research and secondary data analysis with little strategy work; poor communication both top-down and bottom-up; a LOT of favoritism and very little actual decisive action from upper management. One thing no one talks about also is the culture; there's definitely a culture of silence here where you're encouraged to voice ideas if it agrees with the social leaders. Not a great environment for any sort of innovation to take place.