Pros
I love working here. It's a wonderful culture. I can't speak for every area of the college (I work in administration, I'm sure faculty experience is different), but my co-workers are friendly and positive, and management is very flexible as far as paid time off and our telecommuting policy. Higher ed is more flexible than the private sector in general, but I find Berklee to be even more so. We work above and beyond our job description when required, but when it's quieter, management goes out of their way to make sure employees are happy with their work situation.
Cons
I feel I'm fairly compensated, but in higher ed, there's often a bit of a trade-off of salary for quality of life. Maybe I could make 10-15% more elsewhere, but you can't put a price on the flexibility in my schedule.