Pros
I am going to be honest with you. I reached Renee Systems Guest House on April 26th and got job confirmation on June 9 and started working from June 26th. So, it was exactly 2 months for training and placement together. Training was excellent. I got training in Business Analysis but I got a Data Architect position. But, they provided me job support and I had no problem in doing job after I got placed. Marketing team is excellent in Renee Systems. I got at least 20 calls per day and interviews were scheduled right from the first week of marketing. If you are looking to get placed quickly, then I would surely recommend Renee Systems. Compensation is not bad. It is same as other consultancies but they will change it to 80/20 after 6 months. They pay it on time - every other Tuesdays. They also provide a small loan amount if you need for relocation and other expenses as soon as you get job.
Cons
Guest house life will be stressful. Being in the guest house, going through the training, creating your resume and completing the marketing phase seems to be quite tedious. If you can go through this phase and get out of the Guest house soon after getting placed, life will be as you want.