Pros
Good employee benefits while working, opportunities to advance education and/or experience. Meeting challenges in the workplace can improve your abilities and value.
Cons
Relating problems to higher administration can be all but impossible, lower management often tries to "second guess" advice and recommendations of technically more skilled and knowledgeable employees, resulting in significant waste of funds, and excessive costs. Payments for goods and services, or/and to vendors, are frequently NOT made in timely fashion. Too much emphasis on appearances versus actual function seems prevalent, along with a strong tendency by upper administration to distance themselves from the rank and file employees, by relying on feedback from assistants, rather than taking steps to directly observe or enable feedback. Un-announced visits to university facilities, coupled with an active "Open Door Policy" would very likely result in significant university improvements! (It has seemed that in relying on feedback from assistants results in such feedback getting modified, censored, and altered to a form most likely to please higher administration.) I feel that if the university President, and Board of Directors were to be more directly accessible and reachable by lower level employees, great improvements could be made! (I once worked for IBM, and Tom Watson, the Chairman of the board, had such an open door policy, it seemed to work well for IBM, and any employee could contact him DIRECTLY, without need for any lower level "Permission" or acknowledgement!