Pros
Benefits, flexibility, work life balance, on-campus amenities, and in my job the workload is reasonable and management is easy to get along with. Beautiful campus! Turnover is low, lots of loyalty to the company. Privately owned, so no pressure from stockholders, management can run the company based on corporate goals rather than responding to stock prices, resulting in a lot of stability.
Cons
Some jobs here come with a high stress level. Sometimes open positions don't get approval to be backfilled, resulting in others taking on a very heavy workload. Some people have been here for 20+ years, which is good. There's a lot of loyalty, but it can result in people being stuck in the way they do things, less innovation than you might find with more turnover. Also results in fewer opportunities to move up the ladder. Hard to get hired!