Pros
GE is a fairly stable company. It's not immune to downturns, but it is mostly stable. Additionally, since there are so many different businesses within GE, and so many different sites, its fairly easy to move around. Salary pay is alright, and they still do pay for some overtime (up to 55 hours, the first 5 over 40 is unpaid).
Cons
- Continual re-organization of each division. - Program management continually promises things to customers before even checking if engineering has the bandwidth to do the additional work. - All training is management focused. There is very little technical training. - Their IT department is one of the most disorganized and inefficient organizations I've ever seen. - Most of the tools are old, not well suited for modern development practices like Agile, Continuous Integration, etc. - Heath benefits are not great. - Your skillset will get stale, there isn't much room for adding in new technologies (web, mobile, etc.)