Pros
Similar to a government job, the hours are 9 to 5.30/6pm. Everything is done by committee, so there is no accountability. A good place to hide since its easy to coast -- and many do -- without a clue about technical analysis or knowledge about an industry or company.
Cons
All the experienced, smart and knowledgeable analysts have left the firm. Left are the ones who are inexperienced or haven't yet found opportunities elsewhere, although many are looking. Management is beyond atrocious -- almost comical. Bereft of talent, this firm could take a further hit to their reputation. A word of caution, there is very little upside in this organization. The longer you stay the less marketable you become and the less serious firms in the capital markets take you.