Pros
1. A loootttt of resources: easy access to new technology, great library, awesome athletics center, free food, ton of activities, etc.. 2. Friendly people: Every one has achieved great things in life but they are usually very modest. 3. Relaxed work environment: In my opinion, there is a difference between relaxed and hectic work. MIT probably has one of the most hectic work schedules, but it is relaxed. There is no dress code even for Professors. I can take time off easily to do paper work, visit the doctor, etc. 4. Safe: Cambridge is quite a safe place to live. Great dedication by the MIT and Cambridge police!! 5. Time management: One thing that every one at MIT learns to master over the years.
Cons
1. As a graduate student, you may have no say over your research topic. 2. Professors will most likely not help you find a job. There are certain industries where this can be a huge disadvantage. 3. MIT is definitely a great school! It makes me feel like Harry Potter who made it to Hogwarts. Imagine a Harry who cannot become an auror or anything related to Defense against the dark arts because "NO sponsorship will be provided for such jobs under any circumstance". Suddenly, Harry gets a job as a reporter for the Daily Prophet. Sometimes you may think that Harry would have been happier had he not realized that he was a wizard.. MIT GECD (Global education and career development) center should probably employ more knowledgeable staff to help us understand these possibilities and circumvent this disadvantage.