Pros
Right out of college the pay is good, 5 weeks of PTO, overall the people are fun/supportive. Finally, for those looking to build leadership experience outside of work (say, for business school), LOTS of opportunities to do so through minority interest groups and professional related interest groups.
Cons
Depending on who you ask, the name brand is so-so. I would say for Top 10 business schools, Accenture's name is less than stellar (mainly a byproduct of its IT consulting/delivery business). For schools outside of the Top 10, Accenture's name is good. As for work, IT consulting can be a pain esp. if you're not interested in it. Furthermore, even if you're NOT in IT/delivery work (say strategy), you tend to do a lot of technology related work anyway and it's not very applicable if you choose to change your career later in life. Finally, the hours can be out of control and there are plenty of managers there who will get you to work those long hours if you don't assert yourself.