Pros
Academic Culture. Decent Compensation and Benefits Very nice "green" office. Organization has a stated goal and operates by it at significant cost (very rare today).
Cons
Dysfunctional senior management. Complete lack of accountability my senior management. Staff is routinely "thrown under the bus" for situations and decisions that are completely out of their control. Politics are a major issue between management & staff, departments and offices. Politics permeates the culture while management is oblivious to its existence. HR is utterly ineffective in dealing with the organization's issues. Staff's only course of action is to resign. Real talent, insight and years of direct experience are not appreciated. It will get your hired but counts for nothing afterwards. No one is willing to "rock the boat" in order to fix a blatant issue with another senior manager. It can be a challenge to work with highly educated individuals who know much about a narrow field but behave as though they know all about everything, including how best to do your job. It's common fault among PhD's.