PwC

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PwC Reviews

Updated Jul 20, 2014
All Employees Current Employees Only

3.5 4,750 reviews

89% Approve of the CEO

PwC US Chairman & Senior Partner Robert Moritz

Robert Moritz

(923 ratings)

78% of employees recommend this company to a friend

Review Highlights

Pros
  • No work-life balance during busy season because the nature of assurance work (in 237 reviews)

  • It is a great place to start your career if you want to stay in accounting (in 116 reviews)


Cons
  • Also work life balance is very difficult to achieve until it gets to the problem stage (in 803 reviews)

  • Long hours during busy season but thats to be expected at any audit firm in the city (in 787 reviews)

More Highlights
229 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Very Disappointing Experience

    Audit Associate (Current Employee) San Jose, CA

    ProsStill trying to figure this out

    ConsFear based performance metrics, anyone in management has only worked within the firm so they completely lack perspective. Average age is 21 so that totally sucks too...who want to build a network full of millennials.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Awful experience that lacked any semblance of work-life balance.

    Risk Assurance Experienced Associate (Former Employee) New York, NY

    ProsWork with very intelligent and ambitious individuals.
    Great opportunity to view multiple fortune 500 company's operations.
    Good job for new graduates with little to no job experience.

    ConsPoor treatment and pay for the number of hours required.
    Very little appreciation from partners.
    Business model relies on significant turnover from new associates.

    Advice to Senior ManagementBe honest with yourself and your employees when it comes to the amount of hours required for tasks.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Worst of the Big Four

    Senior Associate, Advisory (Current Employee) New York, NY

    ProsAbility to transfer office within US. If you are lucky can get a good compensation. Employee Program points available.

    ConsThis is not the company to work for if you are starting your job or 2 - 3 yrs of experience. They will suck all the blood out of your body. Beware once u r into the company u have to perform well even if you don't know anything. Because there is no 2nd chance. If you do mistake and don't perform well at your 1st project you are out. Well, in most of the projects u will work 14 hrs a day. Sometime they will make u travel on Sunday and fly back on Friday. Be ready for that. I had a bad experience with the ppl working over there and the management. No long term vision. Lots of politics. Only favorite of managers, director can grow. New joiners will struggle to push and accelerate forward. Health Issue. Life Balance

    Advice to Senior ManagementPlease improve the leadership. Try to hire more efficient ppl. Don't judge performance on 1st instance. Give few chances. Think for long term goal.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Be ready to be a slave

    Anonymous Employee (Current Employee) New York, NY

    ProsGood learning environment, room for growth and great exposure to different types of clients.

    ConsPeople have not have lives outside of work. Poor compensation considering the amount of hours people work.

    Advice to Senior ManagementInvest more time in the development of your employees.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Treat you like a slaves available 24*7

    Advisory Manager (Current Employee) New York, NY

    ProsTraining and development, Access to resources.

    ConsThere is a lot of office politics. No rewards for hardworking people, culture of avoiding hard work and leveraging super stars to get credit. No promotions for hard workers. Salary is the lowest among management consulting consulting companies. There is racial discrimination favoring white people. The Management Consulting group within financial services has a bunch of incompetent folks with no real expertise.

    Advice to Senior ManagementAccept that you have some high ego centric people at the director and partner level.I am fed up with the work culture that is oppressive and politically charged. Bob Moritz please start rolling out 360 degree feedback.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Pockets of highly political agendas

    Anonymous Employee (Current Employee)

    ProsGood compensation, opportunities to learn, benefits, interesting projects, great company

    ConsExperienced hires can be left in political exile and asked to prove themselves without the support to gain traction to join projects. This place is "relationship" focused. Which means you won't get support unless someone is "kind enough" to help you - it is rare in some cases. Someone may target to move you out just because they can and will. Silos of unusual organizational cultures due to acquisitions.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Bait and switch

    Advisory Manager (Former Employee) McLean, VA

    ProsGood salary and benefits.
    High-calibre colleagues.

    ConsDysfunctional, incoherent management.
    Many (admittedlyt, not all) partners seem to have the same autonomy and lack of regard for peasant as medieval barons. If you didn't have your head up the lower end of the right person's alimentary canal, you riisked being totally sidelined.

    Advice to Senior ManagementAt least in Advisory Services, get your act together!

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Not a good company to work. Please avoid

    Senior Associate - Advisory (Current Employee) San Francisco, CA

    ProsGood Package, Free meal, Travelling, Drinking, meeting people

    ConsWork-life balance sucks, Health issue. You join in the company telling there are projects in pipeline. If you are lucky you are in a project and they will suck all the juice out of you (14 - 18 hrs work but salary of 8 hrs). If you are not on a project then you are on a long time paid vacation and after few months they will fire you. No long term visibility. Don't join if you are looking for Technology Consulting. I cannot speak for Auditing, Tax and Assurance.

    Advice to Senior ManagementPlease get some win project.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    You can put lipstick on a pig, but it's still a pig.

    Senior Associate (Former Employee) Fort Lauderdale, FL

    ProsThe only good thing of working at PwC is being able to put it on your resume. In the 7 years I was there, I heard the them talk about "work/life balance" and flexibility over and over. They seem to be on a repeat loop that runs every few years. Most people don't notice it because they leave before it starts to repeat. The flexibility they talk about is really you being flexible in working any time, any where to get the job done regardless of your other commitments. That is marketable to other employers and one of the key reasons you will be so desirable as a PwC alumni. You'll think the incremental increase in personal time to be fantastic, but it will remain far below what others have that did not go through the Big 4 grinder.

    The Big 4 are basically puppy mills. They take "newborn" accountants and give them with their "shots" (CPA license and some experience) before pushing most of them out the door to homes. Some never leave and become part of the machine. PwC happens to be one of the gold standards of puppy mills. You can get some great experience, but need to be in the right location at the right time. Either that, you'll need some great connections. Most of the work is pretty mundane and soul sucking.

    If you can hold out, stay until you finish your first year as a senior associate (approx 4 years), then leave. You'll have some supervisory experience and have seen some more complex areas of your clients. You'll get a nice bump in salary for leaving. Staying longer can start to hurt you unless you are thick-skinned enough to be a manager (at least 6 years). Potential employers will question your decision to leave when you are close to being promoted to manager. You will fall into a grey area of being overqualified for most senior accountant positions, but not qualified enough to land accounting manager positions. Timing is everything in getting out of PwC.

    ConsIs there anything left? The pay and benefits can appear great, but when you consider the amount that you will work and you will realize that, per hour, you get less than minimum wage. That's the beauty of being a salaried staff - no overtime.

    The rating system. It's basically useless and completely subjective on how the managers/partners feel about you. You can be rated 1 (Outstanding) or 2 (High Performer) every year and find yourself suddenly rated a 4 (Needs Improvement). The problem with being rated "Needs Improvement" is they never give you a chance to improve. You will be shown the door. Quickly and possibly before you even know how you were rated. I've seen it happen to a number of people. That's why the staff will be scared to be rated a 3 (Performer) because it's viewed as circling the drain. The ratings can be reflective of a big project that you were fortunate enough to be on one year. Because of that, you would be more likely to be rated a 1. Then the next year you don't get a similar job and watch your rating fall. It has absolutely nothing to do with your abilities as an accountant.

    Because of the fear of PCAOB findings, much of what you will do is based on standardized templates designed to take the thinking out of audit. Based on your responses, the template will tell you what to do next. You will become just a data gathering tool and a data input tool. All those years you spent getting the Bachelors or Masters degree will seem wasted.

    PwC will use you to their fullest extent. They will take advantage of any opening and any sign of weakness. You have to start at PwC with a plan on what you are using them for. If you don't you will be the one who get's burned in the end.

    Advice to Senior ManagementStop lying to staff about conditions. Annually you state that it was a tough busy season and the teams were short staffed so everyone was over-utilized. Then you say you have a plan to make it better for next year. The thing is you don't. It's just a smokescreen. Staffing decisions for the upcoming year were made last year so the only thing you might adjust is the number of interns, but that remains unlikely since they earn overtime and can have a negative effect on an engagement's bottom line.

    I used the old MyClient database systems and the new Aura databases that were supposed to make things easier to document / review. It was supposed to make the audit process more efficient. In the end it made it worse. The time required increased significantly, but the hours budgeted remained fairly constant because managers and partners were scared to show the effect on their realization in order to justify them accommodating the downward pressure on fees from clients.

    No, I would not recommend this company to a friend

    • No Opinion of CEO

     

    Awful leadership

    Anonymous Employee (Former Employee)

    ProsBrand name, great projects and experience. You'll leave highly prepared for your next job. That's about the only good thing I can say.

    ConsNasty people, especially the women who treat lower levels like trash. There's slit of favoritism and your performance is not objective. It's about whether you are liked or not.

    Advice to Senior ManagementGet over yourselves, then the company can get out of its own way and truly be a great place to work

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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