Pros
Wolfe is a research shop. But ironically, a lot of these reviews are from people that seemingly had no idea what they were getting into? Wolfe is not for the feint of hard. Equity Research is not for the feint of heart. The people that are successful in this line of work are no shrinking violets. If you want to work for a top-ranked team and be well-prepared for the buy-side or to get a look as a senior analyst, this is a better place to be than most. If you can't learn on the job and figure out how to become a successful associate, this probably isn't the right career path for you.
Cons
I do feel bad for the assistants, who cover multiple senior analysts and inevitably have at least 1 that is a lunatic. If you are an associate who lateraled from another firm to a bad analyst without doing any checks, you have to own that a little.