Pros: Lots of opportunity for those that want it
Cons: The rewards/advancement paths are the same for any Dow employee regardless of actual job experience
Working at Dow you will find yourself faced with many challenging experiences. I liked how Dow will let their employees have freedom to work on what they like, although, the double edged blade to this is that, in my experience, leaders are too strong and management too weak--Dow policy is not to be open and honest with their employees. For example, you may find that the 6 months of 60 hour weeks you've been slaving on various projects might be rewarded with negative performance review without logical explanation for why--besides that other's have given you some improvement feedback via your boss without confronting you directly.
The company saying, "The Human Element" was and is still something I love about Dow; this is a company that loves their people and holds themselves accountable for developing their employees. But like the other facades I have mentioned, there is always a dark side. With Dow, it's more about how you do things than what you actually get completed, and of course the heaviest doses of compensation will go to the guy who doesn't disturb other work groups and is generally liked by employees--regardless of whether he is right, wrong, indifferent, or does anything!
The bottom line is, although the culture is great with this company (especially for the y-gen!) if one would like to consider employment with Dow, my final advice would be to be honest with oneself. Dow is a great company to work for, but only for the select few.