Pros
Work-life balance (you will not be expected to work long hours even if everything is a mess)
Cons
Agile methodology does not work. It mostly makes processes more complicated. Most teams "shield" themselves using agile as as excuse for not getting things done, or not helping others. Lack of proper training - somehow it is considered "ok" if you do not know everything, but no one really is available for teaching. You must learn by your own, without support from senior colleagues for example (because they are "too busy"). Lack of communication, people have no patience to explain technical details and sometimes treat you bad if you don't know it already. They get mad with you for not giving the right information, but never specify which information they need (they expect you get your crystal ball to find out). You might also be bypassed or ignored, as the processes are not clear, most teams are not accounting for their results and everyone pretends this is ok.