Pros
Nice and friendly people (non managers). People who are willing to give advice and share ideas.
Cons
Poor management, many managers are either passing time waiting for retirement, and just passing work downwards and asking for reports. Not proactively looking at issues and thinking of end-end customer focused solutions. Fake leaders who uses a lot of 'fancy words' to fake job knowledge and pressure to manage their team. Poor managers who filter reports and news to Senior Management to make themselves look good. It is not about meritocracy, it's about which MD you work for, and which MD likes you. Opportunities and credit are given if you are 'liked'. Rest of us can try, but after a while, you'll see that it doesn't matter how good or how hard you worked, it's about who likes you, that's all.