Pros
Smart people. Real business challenges. Good pay. PepsiCo's reputation is very positive and solid and the benefits of being a PepsiCo alumni last beyond your time at the company. Long term employees are very helpful and knowledgeable. Some of the more recent hires - in the last five years - may have lost the edge that some of the more seasoned employees have acquired; however being able to tap into a strong network of solid performers with enough years of experience can be extremely valuable. There is a strong former employee network, and in the current job market, it's always good to know that other former PepsiCo people are out in the workplace doing very well and are often able to assist in landing a new assignment.
Cons
Long hours. Too much internal competition and politics.