Pros
The only possible reason that anyone would ever have to work for Southern Methodist University in Dallas is that the university provides tuition benefits for its employees and its dependents. Many people who work for the university I am positive work only for for this perk , because it isn't the pay (which is low, but what can you really expect from education?) and the fact that most of the staff jobs on campus are REALLY low stress. Most of the administration is out by 3pm on Friday afternoon, and the place is dead on the weekends, so don't worry about having to come in much for extra time.
Cons
First of all, the pay. It is horrendously low. If you are in any sort of professional position it does not pay to work in education, period. Teaching (professors) get paid pretty well, although there is a big disparity in the schools that bring in the donations (business, law) and those that don't (arts, general studies).