Pros
Fantastic training and development on marketing/management fundamentals - the best in the business. Truly work with top talent. Relatively accessible decision-making/ownership (even at the Brand Manager level). Heritage and prestige of working there. Great coaching on communication, positioning, leadership.
Cons
Has become very insular. Given promote-from-within culture and today's economic/job environment, it has become much more political than ever; feels more like a shark tank than it ever used to. Morale dropping considerably. Just does not feel quite like the P&G we knew and signed up for many years ago. Length of time between promotions has expanded considerably. ALOT of contraction at the top levels (Associate MD and above) so that advancement is extremely difficult, even if you're a water-walker....much less if you're "just" a strong/very strong performer. Too much advocacy, networking, jockeying and positioning/politics required nowadays - particularly in Cincinnati area.