Pros
I'm a former employee leaving research but if I was staying in the business, I wouldn't want to do research anywhere else. Research comes first at Wolfe. It drives everything Wolfe does. You can get really creative with how you want to run your franchise as a lead. As an associate or a young analyst, it's great to be able to learn from the company's roster of top analysts. The best part about Wolfe was that it is a meritocracy. In my experience, whenever I was ready or had earned more the opportunity was given to me. Additionally, associate training has really improved since I started at Wolfe.
Cons
The cons aren't that unique to Wolfe - as an associate your work hard. That's just how it goes in research. Research is a tough business that has been in decline, but Wolfe continues to take share of a shrinking pie.