Pros
I'd recommend PEI to any reporter looking to break into financial news. You'll get great grounding in a business and good contacts, and your writing will improve. Much better work-life balance than almost any newsroom, with strong boundaries between work and home, and good PTO. Some opportunities for advancement and for travel, depending on your team. Editorial as a whole is becoming more innovative, with good redesigns and more multimedia emphasis. Results of corporate investment in the company are clear in the technology, if not in salaries. For editors, the company does allow some relocations. More than many B2B shops, there's a clearer line between editorial and the rest of the company, which leads to strong editorial output and a willingness to tackle important and tough subjects.
Cons
After a few years, most reporters (and editors) seem to plateau in terms of their knowledge base and ability to think innovatively. The company's parental leave wasn't great - and when I was there, many newsrooms were increasing parental leave for all genders. There are very few women in editorial leadership globally, particularly women with kids, a big concern of mine that management seemed unwilling to listen to. Pay, at least for great performers in the newsroom, doesn't track with similar financial B2B publications in NYC, including the FT's trade mags, Institutional Investor, etc. That's another concern that higher levels wrote off, and a major reason for departures. Some editors don't seem to take career advancement seriously - they don't do half yearly one-on-ones about career progress, goal setting, etc.