Pros
NIKE was originally built on a culture of personal improvement, diversity, and entrepreneurial zeal. Numerous books have been written about the commitment of the founders, the risks they took, and the payoffs that have come. There are few jobs (even in the enabling functions like IT, Legal, Finance, etc) where you aren't made to feel like you are directly benefiting athletes. If you can land one of the few jobs on campus, the gyms and the classes are world class. If you are a Sr. Manager or above, just avoid being labelled by HR as a "Liability" and you'll be able work 4-hour work weeks indefinitely and eventually retire quite wealthy. The rest of the people that work at Nike are wonderful people and could be the best friends you'll make outside of college, however most of them will be exhausted, financially stressed, and stuck in their job under managers who play advanced office politics all day.
Cons
Lost culture, over-worked and underpaid staff, and politics run crazy in a company that no longer has to watch the bottom line. When Nike and I parted ways last year after 12 years, NIKE was paying most junior staff peanuts to work extremely hard with little chance of promotion, far from campus in Hillsboro business parks, by capitalizing on "THIS IS NIKE!" Only a small minoirty of the "cool kids" worked on the actual campus with access to all the facilities and fun. Most worked in business parks further away. I worked in a division of IT where utterly clueless directors and above frequently phoned it in. They'd show up, plot political games, take a two hour lunch, and disappear again to "meetings". Our systems were in terrible shape, we had MASSIVE technical debt, and absolutely NOTHING was secure. Senior staff was all hired from outside the company to do jobs they didn't understand except one Dutch guy that was the most immoral political operator I've ever witnessed. He regularly used HR and ER to turn his enemies into HR "liabilities" after which they were unjustly terminated. There's a spacial place in hell for that guy. Most of my friendly coworkers over the years were eventually pushed out of their jobs by politics, the smallest mistake, or because they had a job someone powerful wanted for a friend.