Wonderful company to work! But growth can be very manager/team dependent.
Pros
You get to work with some of the best minds. The culture is one of best, very inclusive workplace attitude. Most people are warm and helpful. If you join the Hyderabad campus it is a vast and beautiful place and you'll love coming to the office. Salary is best in class. Very flexible timings. Various activities like Hackathons and Garage events to foster interest in new technologies. Outings and events are really nice as no corners are cut. Microsoft is a company which truly believes and invests in your physical and mental well-being through fitness plans and stuff. A lot of subscriptions and resources are provided free of cost to FTEs.
Cons
Any con would be nitpicking, however, growth can be very manager and team dependent. Some teams work on legacy tech so if you join such a team you get stuck in debugging and maintaining legacy code and growth is also slow. Because it's such a huge company there can be frequent organizational shuffling which can create some confusion. And there are windows updates of course which you cannot turn off !! :P.