Pros
Lots of flexibility to work and learn, with intelligent and compassionate people. Most of the advisory folks I've met are sharp, but very down to earth. The firm respects work life balance more than many places (comparing to I-banks and strategy focused firms) though that depends on your managers of course. There are a lot of learning opportunities here, and a job well done is almost always acknowledged and applauded on a personal level (if not necessarily in compensation).
Cons
Slow moving company, especially with promotions. Being part of the advisory group can be tough. Despite being the fastest growing part of the firm, the audit folks still rule the roost, and like to saddle everyone with the same sorts of compliance tools and processes equally (whether or not they're relevant). This isn't a huge issue, but is a burden. Also, even though our advisory revenues/profits are increasing, pay increases, bonuses, and promotions feel tight, possibly because other parts of the firm aren't performing as well as hoped.