Pros
Procter and Gamble is a great place to work because they bring the best out of you. My manager is extremely supportive of my goals and where I want to go from my current position. The company really focuses on your development into a strong innovative leader. You also have the opportunity to go outside of your department and find career mentors. The pay is also the best I was offered from any of the jobs I applied for. My favorite part is that you are always encouraged to challenge the way things are done and that is incredibly encouraged. It's not for everyone but if it's the right fit for you and the company, it will be an amazing experience.
Cons
The first downside I can think of is the dental plan. I live in Boston where dentists are not cheap, and unfortunately the Procter and Gamble dental plan goes off of Cincinnati prices which are much cheaper then Boston. I also think a downside is that there is no Christmas Bonus. That may sound greedy, but at the same time, it's nice to get that extra thank you for a years worth of good work and it helps bring those holiday bills down. Those are really the only downsides that I can think of but as I think of more, I will be sure to include them.