PwC

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  www.pwc.com

PwC Reviews in United Kingdom

Updated August 1, 2014
Updated August 1, 2014
5,432 Reviews
3.6
5,432 Reviews
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PwC US Chairman & Senior Partner Robert Moritz
Robert Moritz
1,162 Ratings

Review Highlights

Pros
  • No work-life balance during busy season because the nature of assurance work (in 257 reviews)

  • You learn a lot about how to run complex businesses in fast-changing environments (in 132 reviews)


Cons
  • Work-life Balance does not exist as much as they say they are still working on it (in 930 reviews)

  • Long hours that often keep me at the office or working from home late at night (in 866 reviews)

More Highlights

9 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Made me utterly miserable

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Graduate - Audit in Manchester, England (UK)
    Current Employee - Graduate - Audit in Manchester, England (UK)

    I have been working at PwC full-time (more than 3 years)

    Pros

    Most of the people are great. Lots of opportunities for travel (not always glamourous) and to try different areas of the business. ACA qualification may be useful for finding jobs afterwards.

    Cons

    Pay does not reflect the long hours, incessant travel and general negative atmosphere, and has not increased for 10 years. Expectation that staff will work long hours and have no life, due to an extreme shortage of staff, which the firm will not rectify as that would take money out of the partners' pockets. Ridiculous focus on 'winning work', selling and cold calling, despite the fact that we already have more work than we know what to do with. Audit is thoroughly miserable, and senior staff make it clear that we should always fudge the figures so the accounts get signed - this does not encourage junior staff to show any integrity. This job has changed me from someone happy to work hard at something I care about to someone who resents every extra minute of unpaid overtime. Don't do it.

    Advice to ManagementAdvice

    Start treating graduates like human beings. Stop being greedy - give us a pay rise out of your millions, and focus on hiring more people to do the work we already have, rather than trying to win more.

    Doesn't Recommend
    Neutral Outlook
  2. 1 person found this helpful  

    horrible experience

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at PwC

    Pros

    good brand name, easily recognizable

    Cons

    work is boring, very stiff management, pay is extremely low

  3.  

    Good projects, lowest pay of Big 4

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate - Advisory in London, England (UK)
    Current Employee - Senior Associate - Advisory in London, England (UK)

    I have been working at PwC full-time (more than an year)

    Pros

    A lot of sexy engagements. Plenty of great people and subject matter experts. Good brand to the CV. Encourages professional development though sometimes unreachable due to massive workload.

    Cons

    Shifting goal posts when comes to promotion. Pay scale is lowest of the Big 4. Not how well you do the job, but how well connected you are to a Partner.

    Advice to ManagementAdvice

    Pay attention to staff morale. Growth is good. Growth requires new hires. If current staff feel disadvantaged by your strategies especially when new people with less experience are brought in at higher grades, attrition of staff is inevitable.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 3 people found this helpful  

    Silo-ed and work alone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager in London, England (UK)
    Current Employee - Senior Manager in London, England (UK)

    I have been working at PwC full-time

    Pros

    The PwC brand name, varied work experience with brand name customers, intelligent peers, insight to other professional disciplines, good office accommodation.

    Cons

    The status culture, reluctance to share, sometimes a very poor work-life balance with lip service for concern from Partners, no investment in personal development, too many (not all) Partners lack basic management and leadership capability, no personal objectives with meaningful alignment to a stated strategy.

    Advice to ManagementAdvice

    Enhance team work and motivation, improve objective setting, take an interest in who you employ and why you employed them, drop the superiority attitude

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6. 6 people found this helpful  

    Will the last person to leave please turn out the lights...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant in London, England (UK)
    Current Employee - Consultant in London, England (UK)

    I have been working at PwC full-time (more than 5 years)

    Pros

    Despite the title of my review, there are some really good things about this firm.

    1. Some people are very clever and friendly, I have been lucky enough to work with these individuals over the past few years. They have great experience and what I call technical knowledge and best of all they are willing to share it with you.

    2. Training is brilliant, this firm has one of the best graduate programmes for management consultants and offers excellent learning and development throughout your career.

    3. Due to the massive nature of the firm it is very hard to get sacked unless you do something stupid e.g. Sexual harassment, racism, etc. there is so much red tape that you get several chances before being shown the door. Also the firm competes within itself, so you could feasibly move from consulting to risk assurance and do the same job - but with new people managing you.

    4. If you want international experience - secondments are readily available.

    5. If you can navigate the Cons I have listed the world really is your oyster and you will have a good experience here.

    Cons

    Please note that this point of view is based on working in Advisory/Consulting in the UK bean counter competency (if you don't know what that means it doesn't apply to you).

    1. On joining the firm make sure you are happy with your grade and compensation package, as there is a good chance you will not get a pay rise or bonus for the next five years.

    2. Expanding on the above - you are judged every year on utilisation, developing others, extra time you spend on developing collateral and what you've done to raise the firms profile e.g. Charity work in the community, article in the paper, etc. NO ONE will tell you this explicitly when you join the business. Working on a project and hitting your billable hours a year is only a small part of it. You are judged against the ENTIRE competency on a 1 - 4 scale, with only 1s and 2s getting a pay rise every year and even these numbers are bell curved. Meeting your util target will get you a 3 at most, if you haven't worked the extra ours to cover the other areas your performance is reviewed against.

    3. People managers hold your career in the palm of your hands, they are the ones that attend moderation on your behalf and argue your case. If you don't have one that cares, then your career is over. Also unless your PM is a high flier you are going no where. Last year I asked my PM what I had to do to get at least a 2. I worked my socks off and did everything he told me - we had regular monthly catch ups to make sure I was on target. Then it came to year end and I didn't get a 2, whereas the other 2 people he managed got 1s. I was livid, how could he not even benchmark my year against the others? I brought this up in my appraisal and all I got was a pat on the head and better luck next time.

    4. Despite what they tell you Partner and Director sponsorship is everything. If you aren't "in" with a clique you are going no where, usually your PM will get you into theirs but it doesn't always work that way. In this firm alone there is the ex-Dolittle gang, IP boys club, FS master group and R&C mafia. If you can't get into one of these areas and get Partner and Director support enjoy the no pay rise and bonus years.

    5. In my area the firm scores 0 for diversity, all the Partners are WASPs aged between 40 - 60. This is a fact and whilst they are trying to change this nothing has happened since my time here.

    6. Good eggs with great experience and technical knowledge are leaving in droves or moving to other areas within the firm. The lack of progression from C to SC and from SC to Director has caused this. There have been too many broken promises and false starts, is it any wonder that of all of the Big 4 this firm have had open recruitment during all of the lean years?

    7. Due to how the business has grown, some people have joined the firm without going through the promotion process at a higher level than they were previously at. I am constantly amazed at how little content these people have and just talk their way through meetings, not realising that they are out of their depth.

    Advice to ManagementAdvice

    Make the moderation process transparent so people know the internal standards.

    At the very least give everyone an inflationary pay rise, like the rest of the firm every year.

    Whilst impossible - try to break up the cliques.

    Recommends
    Positive Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Graduate consultant - London, UK

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Consultant in London, England (UK)
    Former Employee - Associate Consultant in London, England (UK)

    I worked at PwC full-time (more than an year)

    Pros

    The other graduates who I started with were lovely

    Flexible working

    The money was good to start with, though your salary takes ages to increase in line with most other industries - pay increases are small and infrequent

    Cons

    Where do I begin?

    - Boring/mundane work
    - Felt like a lab rat
    - Working on a variety of supposedly 'interesting' projects but all work was admin
    - Only senior management ever make any decisions
    - Whenever I asked for more responsibility, I was told to 'know my place'

    If you have low expectations of work-life then this company is for you - the staff turnover for graduates is astonishing

    I have since moved to an amazing new job and only now do I realise the potential I had inside me all along. I can actually grow now

    Advice to ManagementAdvice

    Be more realistic to new graduates about what the job will entail. If people know what they are getting themselves into then they can make a more informed decision. And you would greatly reduce staff turnover (which is currently ridiculously high)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 5 people found this helpful  

    Dreadful place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at PwC

    Pros

    There are some nice people, struggling to survive, in this firm. The firm relies on these people to produce high quality work, then just criticises them at appraisal time in order to avoid promoting them.

    Cons

    Very long hours, discriminatory appraisal and promotion system that is based on office politics and has no correlation to work produced, relatively low rates of pay, excessive pressure and stress

    Advice to ManagementAdvice

    Remove the flawed appraisal system so that it actually motivates talented staff rather than just rewarding those who play the system but are actually incompetent, take on more staff to reduce working hours and stress rather than always trying to do more with less, pay staff an appropriate rate of pay

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 8 people found this helpful  

    Awful place, filled with discrimination, demoralisation and office politics

    Current Employee - Accountant in London, England (UK)
    Current Employee - Accountant in London, England (UK)

    I have been working at PwC full-time (more than 5 years)

    Pros

    Some of the people who work at PwC are genuinely kind and friendly and working with them can be a good experience. However, these people are always dominated by the loud, arrogant types and left unrecognised and demoralised.

    Cons

    Deeply unfair performance management system, in which the most important trait appears to be a loud, dominant personality and in which office politics and discrimination (particularly against quieter types who get on with their work rather than talk all day) is rife
    Excessive and unreasonable working hours in which staff are worked like slaves, often under unreasonable pressure. It is usual to have to work at weekends. And, at the end of the year the hardworking people end up with a demoralising negative (and often false) performance review whilst the loud (but often incompetent) ones get promoted.
    The quality of work often is not great. The firm is increasingly obsessed with budgets and efficiencies and often work is signed off that is poor.

    Advice to ManagementAdvice

    Start to recognise and reward the people who actually do the work rather than the loud people who are good at office politics but often manipulate and lie about others.
    Abandon your deeply unfair performance management system.
    Reduce hours and hire more staff to reduce the workload
    This could be (and used to be) a nice place to work if there were changes as there are some nice people

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Working for PWC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at PwC

    Pros

    1. Work life balance (sometimes too much of it).
    2. Good IT networks and platform to do your work.
    3. Job security - provided you could keep yourself busy (timesheet wise).
    4. Best job to have during a recession or economic turmoil.
    5. No paycuts and no headcount reduction during the toughest times.

    Cons

    1. High performers are not rewarded adequately.
    2. You will be broke by the 3rd day of the month, because of a ridiculously low pay figure.
    3. Top management is filled with old people, who perceive the young as a threat and hence would always put you down.

    Advice to ManagementAdvice

    You need to put some fresh blood in your partnership. Your ideas are pre WWII ideas and you consider yourself to be leaders - cant help but laugh. If this is the way you treat staff, dont think you treat your client better.

    Doesn't Recommend
    Disapproves of CEO

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