Pros

I thought I was very well paid for the job I was hired for.

Cons

I found that I was limited in growth being a product development engineer. The work that I had to do was very basic and often, I felt that the group I was in was overstaffed... Too many people not enough work.
I did not like the fact that there were too many mini leads, leads between the individual contributor and the actual manger.

Advice to Senior Management

I would encourage to limit the number of management layers.