Pros
Excellent flexibility- ideal for working parents of young children. Good job if you are not promoted and want to remain a specialist.
Cons
Way to many mid level managers fighting for attention, projects, etc. Very phony atmosphere- fake "Buzz Words" fly around like a bad cold (e.g. "Touch base", "Drill Down", "Reduce Scope") Many people looking to look good and make an impression - Many people willing to lie and throw others under the bus and not take responsibility where they need to. A lot of managers are in way over their head. IT projects are a joke- way to many meetings and the cost for basic updates that are critical to customers and back office is outrageous. This leads to huge cuts in the projects and nothing gets done ever. Very Frustrating.