Pros
You are working with the undisputed leader in the wireless and mobile market. Great name to have on the resume. Free breakfast , lunch , snacks, soft drinks, cab facilities and on site gym. Working on cutting edge technologies. Very good base compensation. RSU's are absolutely amazing , they simply cannot be matched by any VLSI company.
Kontras
Extremely long working hours especially in the Physical Design group. You can end up working 100 hours week along with full night outs. Even after doing a night out , you might still be bashed by your manager for not doing this and that. Because of the aggressive work schedules , people are expected to be available almost every time, whether its late night or weekend or holidays. Management is treating engineers like slaves. Forget work life balance, this is not the place to be in when you have a family. They do not care whether you are sick , or dying due to a heart attack, they will still call you to check the ETA of your deliverable! Due to big volume of work, quality takes a beating, the emphasis is on 'somehow' completing your work, and the only thing discussed in the meetings is ETA. Everybody is working in a factory mode, slogging round the clock , without any innovative thinking. This place works likes a factory!! Generous RSU's and their vesting period are one big reason why people wont leave Qualcomm even with this bad culture.