Pros
The learnings opportunities at a staff-manager level for an accounting graduate are unmatched. Pay is lower than others in the Big 4; however, the atmosphere of your day to day will be much happier. The current atmosphere of the firm attacks people who want a more balanced work-life compared to other Big 4 that offer higher salaries.
Cons
The compensation is not in-line with an employee's contributions. The firm has a lot of policies that promote flexibility and advancement, but this is a business and runs like all other businesses. These policies only come into play when it is convenient for the employer. I completely understand and agree with why this is the case. However, constantly talking about how great we are and how many wonderful things we offer does not change the fact. I would prefer the firm spot touting itself and spend the effort on truly improving policies instead of contantly praising the current ones. I do not believe the policies set E&Y apart from any other employer.