Pros
If you are in the right group in NYC, there are many opportunities. I think they do value the people. Just was not in the office I was working. Look to the NYC offices for the real KPMG experience, learning and opportunities. You will not get this in the Short Hills, NJ office.
Cons
I was an experienced hire manager with a mix of big4 and mid size background along with a handful of other experienced hires. All of which left, transferred or are currently miserable. The opportunities for manager level are nil. In 4 busy seasons learning has been non-existent for me. They had no concern to improve this for me. It made my working there miserable not feeling like I mattered or was part of the team. It was not just my view. Any experience hire had similar experience. You will be evaluated on a non big 4 standard due to all of the partners and senior managers being from a small mid size accounting firm. The upper management just do not "get" big 4 and seem to even be against it and think doing work the "Big 4" way is a joking matter. Many people leave here as a result of the attitude towards the staff. Sr. managers, who aren't going anywhere btw, clearly create a bad experience for the lower staff.