Pros: Great working environment, loads of really smart people, and the work is really interesting. I always thought Microsoft was this evil company growing up, but it is certainly not that way at all.

Cons: Although PMs are really important and contribute a ton to our product, sometimes I feel like there are too many.

Pros: There are truly brilliant people at Microsoft, and lots of passion in the air.

Cons: Review system politics. You survived the 99% cutoff rate of interviews and racked up lots of experience, shipped some products, patented ideas, added innovative features, saved the day, etc. But now you're in a rough patch at work and find yourself in the bottom 10-20% of the review pool due to "metrics" and personality issues, and you are headed for eviction. Perhaps you'd like the opportunity to interview with another team? You'd better interview with Google or Apple, because your internal record won't allow you to stay at Microsoft. And once you get one bad review, you bet you won't pull yourself out of the hole.

Pros: Microsoft, because of its large product base, offers employees the opportunity to work across a spectrum of products and technologies. For someone who has moved several teams within Microsoft, I'm genuinely humbled by the amount of diversity and the opportunity that exists to learn different things and impact customers.

Cons: Agility in delivery. Microsoft still needs to up its game with respect to innovation, agility in delivery, and risk-taking capabilities.