Pros
The "good" thing about Massey's College of Business are the low expectations of achievement. You can, and many do, glide through the life of mediocrity. Palmerston North has cheap housing, but the Auckland campus is in the middle of one of the most expensive neighbourhoods in New Zealand. People can be genuinely nice, as is the norm in New Zealand.
Cons
It is a regular occurrence that people get promoted based on whom they know (the best way is to be a buddy with the vice-chancellor). While some faculty are genuinely good in research, promotion is basically based on the number of publications, and the expectation is to publish in C journals. Funding for conference travel and research is severely limited, even by New Zealand standards. There is a general race to the bottom in the quality of the teaching, funneled by the need to capture an ever-increasing share of an ever-declining pool of foreign students. This is done by lowering standards, so much so that the Chinese university officials visiting other NZ universities to establish exchange programmes have asked "You don't let everyone pass like Massey, do you?".