Pros
For me, there are three main things that determine job satisfaction. Who you work with, what projects you work on, and salary. I have worked here for three years now and can say that there is a pretty good culture here and everyone is easy to get along with. And, most of the projects are interesting.
Cons
The FAA, unlike most other federal agencies, uses "pay banding" instead of the GS scale. The first three years straight out of college you get decent pay grade increases. After that, though, you are pretty much on a frozen salary that likely will not keep up with inflation. There seems to be very little in the way of career advancement. There are no bonuses. Also during those first three years you only receive four hours of leave every two weeks, i.e., 8 hours leave per month. On the other hand, I suppose it is a fairly stable job, for the most part. But as a young professional with ambition, I can't help but wonder if there's something more challenging and rewarding out there.