Pros
The employees are dedicated and work diligently. The benefits package, the tuition reimbursement for employee's children (they do have to qualify for admission, just like every other student), and the opportunity to advance one's own education. The whole atmosphere of being on a research university campus is intellectually stimulating. There is easy access to a huge variety of events on any number of topics. And there is the connection to almost 250 years of history since it was founded before the Revolutionary War. And of course the students. Few workplaces have so many opportunities for intergenerational interaction, and every year's graduation gives a sense of accomplishment.
Cons
The university is a public university, although the state provides a smaller and smaller percentage of the overall budget. The budget cuts have forced so many layoffs, it is depressing. And there have been no salary increases for years! It is also stressful to work wondering if tomorrow there will be more and your own job could be the next one cut. The deep cuts in administrative staff, force those who are left to assume more and more work, often on one's own time. The pressure can be quite overwhelming.