Pros
A great place to work, though sometimes you need to put some time in first before finding the best fit for you. Don't be discouraged if you are starting on the phones and feeling a little micromanaged. A lot of associates start on the phones and work their way up to bigger and better. The common denominator of those who "make it out" alive is the fact that they take ownership of their careers. The phones are a way in to a firm that offers you all sorts of opportunities, inside and outside of the world of finance. The benefits are great, 401(k) match one of the best, ESPP a nice perk and if used effectively, can help you to save up the remaining 25% that the firm doesn't reimburse for tuition (if math isn't your strong suit... they reimburse 75%).
Cons
Everyone knows the pay scale is on the conservative side... Downtown atmosphere can be a little stuffy but Owings Mills atmosphere can feel quite like a college campus at times. Pick what you feel is the lesser of the two evils.