Pros: culture, co-workers, and a very approachable executive team.
Cons: poor compensation, work life balance is terrible, deplorable morale.
Working in IT, the environment naturally changes all the time, however right now due to a shift in upper management there is a ton of changes occurring unilaterally. I feel that each team in IT want to do their own thing, but unless its in the "super important" category laid down by middle management the project that your team has been talking about, and working on for the past year will get pushed aside and lose all traction.
Work days are terribly long, and what used to be a ton of fun is no longer.
Learning is probably the shinning star in this company over the past 2 years I have learned more things than all other years combined.
Management is broken into 4 tiers: Lower, middle, upper, and executive (duh, right?) - lower tends to want to do the right thing by their employees, middle management tends to micromanage the heck out of their lower managers, upper management doesn't seem like they want to make any direct decisions and the executive team feels disconnected from what is going on in the trenches.
Love my co-workers - this is typically the core reason why I get up in the morning and actually go in, not to mention the culture of the teams are fantastic.
Hardest part of are the requirements out of management - I have heavy requirements of my time and not enough time in the week to do it. I do not get to spend as much time with my family as I used to (2 years ago) and I see this continuing to get worse.
The most enjoyable parts of the job are the co-workers, and having the ability to learn new things (although learning has slowed down because of the extreme demand for production work which has spiked over the past 2 years).
Overall - I feel that if your not in IT things generally are better, however at the same time things seem very difficult across the company with each department having their own challenges.