Pros
Work-life balance; two weeks off at Christmas; 10% salary contribution to 401K if employee vests 3%; Room to grow -- can change jobs/functions within University very easily; Great place for self-starters; Job security; Tuition Benefit is outstanding. Good place to get a free Master's, have a couple of babies, lay low, skill up, and then get back into the private sector. Prestigious institution -- name recognition. Always intellectual engagement opportunities.
Cons
Administration poorly run. If you want to get things done -- you might find it frustrating to work with a large number of colleagues that treat their positions as clocking in and clocking out. Many are unmotivated to think creatively and strategically. There is little incentive to be responsible for your work. Abysmal merit increases, never more than 2% -- every other year they freeze salary increase. Departmental budgets are continually absorb cuts; seemingly, there are always financial troubles.