Pros
Great opportunities for resume development--because we're typically low on payroll, you frequently get to be a jack of all trades and learn to be creative with scheduling and usage of hours. It's certainly a fun & active environment. No two days are ever the same. It's nice that promoting from within is encouraged, but it takes awhile to move up because you essentially have to wait for GMs to leave the company while they shift enough people around from theater to theater until a low level theater opens up for you to take over. Lateral moves are easier--Senior Assistant Manager to Auditor or something of the like.
Cons
It's hard to achieve both building success and work-life balance while working for a theater as management because you essentially must always have eyes on it. And the minute you take your eyes from it, that's likely the day an auditor walks through the doors. It's not that success isn't possible, it's that with the strong eye always on payroll hours, building performance suffers. And with pay being extremely low for the relative responsibilities, you either become a workaholic, or you suffer with low scores.