Pros
Tuition remission has helped several of my coworkers get their master's, or their spouses, their bachelor's. The benefits are great and vacation time generous. Coworkers are really good people. You'll never be asked to work overtime.
Cons
The administration is very tight-fisted, and high performance is not rewarded, unless you are very astute politically. There is little interest in the final outcome of a project; rather, the meetings, emails, and tones of discussion around a project. There is little collaboration between groups, so the wheel may get reinvented many times over. There are some people who seem to have given up hope and just go through the motions. It is really just a company like any other, trying to maximize profits, but there is somehow an attitude that because it is a place of higher learning, employees should feel grateful to be there.