Pros
Walgreens offers a good stepping stone for those coming out of college that need assistant manager experience. In a lot of cases, people will use Walgreens to land other jobs. The pay is decent when compared to other entry level jobs, and it's hourly, so you get paid for every hour you work. Benefits are decent. Walgreens offers health insurance, dental insurance, and discounts on eyecare. They also give their employees 15% off name brand merchandise and 20% off Walgreens brand, and discounts on prescriptions ($5 for 30 days, $12 for 90 days). Walgreens is a pretty small store, so there aren't a lot of employees to oversee, and you get a lot of the same customers in every day.
Cons
Walgreens has changed a lot, including cutting hours. The main drawback of being an MGT at Walgreens is the amount of physical labor. You can get paid better at another retailer and not do any of the physical labor that you will do at Walgreens. As an MGT, in most stores you will only have 3 other employees working with you, and they have their own things to do, which means that as MGT, you're doing everything yourself, including stocking shelves, building displays, and even cleaning bathrooms. If the store manager delegates it to you, you're probably going to do it yourself. Managers at Walgreens handle all the returns, count every drawer, and deal with every customer service issue (and there's a lot now that there's no hours). Pharmacy has suffered hour cutbacks as well, and because of that, you'll spend most of your night in pharmacy, and won't have time to get anything else done, let alone count the drawers at the end of the night. And, you'll get yelled at by your boss the next day. Walgreens has even started eliminating MGT positions, replacing them with a cheaper STL option (keyholder who gets $10/hr). This person is supposed to close once a week, eliminating the need for the MGT to close every night, but in most cases, STL won't close, only working days Monday-Friday. That leaves the MGT to close the store and work most weekends. Walgreens NEVER closes. Literally. It's open when everything else is closed. Christmas Day, Thanksgiving Day. I've worked at stores that have stayed open LATER on Christmas Eve and 4th of July and opened EARLIER on Black Friday. Doesn't leave much time for family. In non-24 hour stores, pharmacy is only open 9-5 on most holidays, and closed on Thanksgiving and Christmas.