Pros: "Investment Banking" experience on your resume, and the network. Nothing beyond that. All things are smoke and gloom.

Cons: Time-off, work from home, and tuition reimbursement benefits are eye-wash. These are all at "Manager's discretion." It just means you are not going to get them that easily, so don't fall for these benefits traps. Health benefits are not that good considering how well reputed this employer is on the street. Lot of great technologies, but it's unnecessarily complicated (to the level that you wouldn't see anywhere else). Perhaps it is because the technologists are doing it to keep their jobs secured. Work environment feels like a graveyard. Also, depending on your manager, your experience might get worse. At least in the team I was in, the manager didn't know what he wanted. Things kept changing every day and it got worse to a level where it started to change every 2-3 hours. Talk about Agile, this is an abuse of Agile. :) There was no training given in the financial domain. I was given an online account to read through material. But if you are squeezed for 12-14 hours a day, when do you think you have time to read that stuff? Forget about your family if you want to work in this place.

Pros: Flexible work arrangement, friendly environment, no late hours, understanding management, nice work-life balance. Culturally, the company is pretty well established, and the clashes between legacy Citi and Morgan personnel are not as bad as described.

Cons: It's tough to get promoted, and co-workers are less than stellar. Protected classes feel invincible. Compensation is too aligned to the company's and unit's performance, not necessarily to the individual's performance. Benefits are not the greatest, especially health insurance options. They make even people who have no access to materially non-public information trade via the Morgan Stanley system, which is expensive and inflexible.

Pros: Strong technical growth, stability, reputation, compensation, benefits, and networking.

Cons: Limited focus on pure tech innovation, driven by business needs.