Pros
Engineers are tasked with products or goals.
We get to take a project from idea/market need through r&d, prototyping, production, and mature production stages. True cradle to grave experience.
Other engineers always happy to assist with their expertise
High mix low volume environment ensures a wide variety of projects
Cons
Timelines are short compared to other area employers. Concept to production is typically under a year.
Multitasking is paramount to success. You will often have several unrelated projects to manage simultaneously.
Engineers act as project managers and designers, this may be a con to some.