Pros
There are benefits working for a divsion of a large company such as a mature and well rounded compensation package. From a day to day perspective there are many tools to use and many key approaches and decisions have established guidlines. Although limited, there are opportunities for advancement.
Cons
From my experience there is a fairly large disconnect from Sr. management expectation and reality in terms of divsion capability. When this disconenct rears it's head the first response is for everyone to work harder not smarter. Most of the folks in my divsion have little to no faith in the leadership decisions and are concerend over the lack of transparency of Sr management which has a negative impact on the morale and working environment. The compensation is on the low end of the scale.