Pros
For new college grads in chemistry or chemical engineering, the experience you get at ALB will be quite valuable later in your career. ALB practices every major unit op you learned about in school and then some. While starting salaries make not be the absolute highest in industry, they're usually competitive.
Cons
The leadership team is extremely weak. Of the top five leaders listed in the 10K, none have run a chemical plant and only one has run a chemical business (it is now worth half what it was when he took over). The CEO is an attorney and so is his top lieutenant. Unfortunately, neither one of them is very self assured, so they typically pick subordinates who are non-threatening and as weak as possible. Do you have any idea how bad a Chemist or Sales Director you have to be to be weaker than a career attorney? Unfortunately, this lack of leadership has now made it down into the ranks and plants. My advice to those looking for a job at ALB is to acquire as much valuable experience as possible and leave 2-3 yrs out of school.