Pros
Good pay, free food and drinks - including some happy hour drinks. Whatever your job is, you will be able to hide from the bosses because they are too busy working on things that a low level employee should be doing, so you can hide from responsibility and get paid to do minimal work. Even my boss, a high level person works at a financial analyst level. Seems like all bosses have nice titles, but that is not what they really do.
Cons
Can be a little hectic at times. People running around like the world will stop if they do not get their papers to the next level. I sometimes get bored trying to look busy. Also, if you are hired as a director or higher, you probably will not last long but you get an easy job of doing repetitive analytical work while you are there. Turnover is really high.