Pros
The only pros are : 1) Onsite exposure ,limited to some unit 2) Good facilities like free fruits, subsidized lunch, etc 3) Good culture limited to only few units. Other unit like ADM and Support have worst culture.
Cons
Amdocs is loosing good projects, hence they have started firing with any reason. They will force you to resign. 1) If you work for more than an year in Amdocs you will loose all your technical skill except UNIX or shell scripting, joined as a JAVA developer was forced to work on support projects where we just had to bounce the processes. 2) Very less pay for developers, ever lesser bonus 3) Were asked to work on weekends without any compensatory off or extra pay. 4) The PDP process is the worst part where the Manager tries to prove you have done nothing. 5) If you are getting fired from Amdocs no other company will hire you except for Support companies, because you know nothing technical.