Pros
It is nearly undisputed that public accounting is the best place to start your business career, and E&Y has been recognized over and over as the best of the Big 4. You get the chance to work in several different industries and get exposure to a diverse array of business techniques.
Cons
Work-life balance is poor. You will be paid at about $0.40 on the dollar. The increasing amount of "budget constraints" is getting out of hand. Reimbursing expenses is always more of an effort than it needs to be, and E&Y is constantly making budget cut decisions that just make life for a rank and file worker harder. E&Y has made it clear that it follows competitor trends. EY will be the last of the Big 4 to give you a raise, and if benefits at the other 3 were to decrease, you can expect E&Y to do the same whether they need to or not.