Boeing

The work is exciting and feels meaningful. There's a large community of technically sharp, experienced engineers to work with and learn from. The benefits (retirement, health, family leave, and continuing education) are very competitive.

The standards for promotions and raises are applied inconsistently between business units, and even between different managers in the same business unit. This seems to be true of most large companies, but it's still a con. At the individual contributor (non-management) levels, it can feel like there's not much of a financial incentive to being a high performer; the lazy and/or incompetent people will get very close to the same raises and promotions just by accumulating time in their position.