PwC Reviews

Updated January 19, 2015
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3.0
54 Reviews
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PwC US Chairman & Senior Partner Robert Moritz
Robert Moritz
1,327 Ratings

54 Employee Reviews

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  1. Senior Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Consultant in Washington, DC
    Former Employee - Senior Consultant in Washington, DC

    I worked at PwC

    Pros

    Excellent company for people straight of school willing to work long hours and learn a lot.

    Cons

    Not a good fit for experienced professional in mid-to-late career.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 4 people found this helpful

    Established company, pay compensation/progression super weak

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate - Advisory in Washington, DC
    Current Employee - Senior Associate - Advisory in Washington, DC

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

    Pros

    PwC has brand name value. People know the value of PwC consultants and that resonates when we are trying to win new work. There are many talented people here. Some positions are extremely flexible . Lots of high profile clients and somewhat interesting work (depending on the project).

    Cons

    Many of the work PwC chooses to provide is not in the areas of implementation but more of a governance/audit/outside look kind of role. Project Management is the bread and butter of PwC consulting, and these associates fool themselves into thinking that they actually do "work", when in reality they are just creating endless status reports and more busy work for their clients. Also, moving projects is way easier said than done if you work in the federal space. Politics and red tape can get in the way of your career progression.

    The biggest con (and the reason why so many people leave this company) is the horrible pay progression every year. You are given a rating every performance year on a scale of 1 to 5 (1 being the best, 5 the worst), and based on that review you are given anywhere from no raise to up to maybe a 12-15% raise (rare). On average, most people who get 3s get about a 3.5% raise. For all that work they put in, and the super high rates the company charges their clients, the wage disparity between partners to associates is unreal. Partners who come in maybe 3 hours a week to client sites can charge up to $700 per hour. And partners love giving themselves bonuses that are about 80% of my annual salary, while giving us BS excuses for poor raises and bonuses by blaming it on "market conditions". My raise this year added about $90 to each of my paychecks.

    I just got promoted to Senior Associate and instead of giving us a $10,000 raise (which they totally have the capacity to), they sent us to an experience in California called "Discover" where they had Falconry demonstrations (is exactly what it sounds like, falcon demonstrations), Tai Chi sessions, lavish poolside dinners, all at the super expensive Terranea Resort. The total cost of that trip was well over $10,000 per person. Don't get me wrong, I'll take a free trip to California any time, but in the end I'd rather have the money. I have bills to pay.

    Advice to ManagementAdvice

    PwC wonders why they cannot retain talent, and it's really simple. It all boils down to numbers. You want me to stay?Pay me what I deserve or I'll go somewhere else. Think that sounds selfish? That's how we are judged every performance year, by pure numbers. Partners could care less about our actual performance and value gained, they just want to ensure their profit margins are strong and consistent. If you aren't utilized 90% or more, partners see you as basically failures. Senior Associates are the most prone to leave, and that's because we are doing Manager level work in most cases, but fail to get paid like managers.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful

    Great firm and good people focused on solving business problems

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Risk Assuance Director in Washington, DC
    Current Employee - Risk Assuance Director in Washington, DC

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

    Pros

    Great pay and benefits as well as people and skills. Hire the best people which is demonstrated in the outcomes and results of the overall firm.

    Cons

    Leaders work on their own island (pyramid) and are to busy to bring in new lines of service. Technology is poor.

    Advice to ManagementAdvice

    Integrate more and often to grow.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5. Needs to be more accommodating and flexible for its employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Advisory Associate in McLean, VA
    Former Employee - Advisory Associate in McLean, VA

    I worked at PwC full-time (less than a year)

    Pros

    It's ok for decently talented people, I guess.

    Cons

    It's huge. You get lost in the numbers. They don't really differentiate between great and ok candidates. Wide range of ability. Pay is meh versus rest of consulting industry. No exit opps (they don't pay for MBA).

    Advice to ManagementAdvice

    Stop sucking so much... You don't listen to the associates, when they probably have the best suggestions for improvement. You won't retain and build talent if you treat your building blocks badly. And you won't develop talent if you don't differentiate between the best and the not-best.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful

    The company has great people, but compensation is not commensurate with the expected workload.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Experienced Associate - Advisory in Washington, DC
    Current Employee - Experienced Associate - Advisory in Washington, DC

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

    Pros

    Great people. Good networking and brand. Opportunities to work abroad. Nice office spaces and corporate events. New performance method (implemented this year) could prove helpful in valuing it people better. High career potential and potential earnings if you can last long enough to make it to upper management.

    Cons

    Work-life balance is terrible. Lots of travel. Leadership is variable by practice group and in my case disappointing. High turnover. Pay not commensurate with expected workload.

    Advice to ManagementAdvice

    Compensate your people relative to their level of effort. If you expect lots of travel, long hours, weekends, and holidays, pay people adequately to justify the sacrifice.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7. Sr Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate in Washington, DC
    Former Employee - Senior Associate in Washington, DC

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

    Pros

    good people, very talented staff

    Cons

    too much of work no work life balance

    Recommends
    Positive Outlook
    No opinion of CEO
  8. Washington Federal Practice: Robotic, vanilla and bureaucratic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate - Advisory in McLean, VA
    Former Employee - Senior Associate - Advisory in McLean, VA

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

    Pros

    Great training opportunities, great culture (typical employee is hard working, not arrogant), great brand. I am still impressed with service discipline of partner down to new associate

    Cons

    As one partner told me, "This is not a meritocracy." Upward advanced is dictated on loyalty to aligned Director & Partner... no ability to cross-sell or jump to another team despite ones expertise or value.

    Advice to ManagementAdvice

    Reconsider promoting terrible people

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 2 people found this helpful

    PwC's Federal Consulting Practice (DC)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC

    I have been working at PwC full-time

    Pros

    The pay is good, better than what most people are getting out of university. If you get an internship and don't mess up royally, you're set up for a job coming out of school, which takes a lot of stress out of the whole process. That being said, your job will be nothing like the internship.

    This varies according to what team you get assigned to, but I've found that most of the people here are genuinely fairly awesome. Consulting is the field people gravitate to when they're not sure what else to do, so you'll meet a diverse group. Half of the people you meet will be gone in the first year, either to a competing firm or a completely different industry. You can usually predict who will do what. (A lot of really cool people will leave to do something more exciting).

    You can set yourself up for the projects you want if you play the game the right way. (Not my thing, but I've seen people do it and become very successful). If you want to do this, expect to work a lot of extra hours and network a bunch. You have to be a bit of a schmoozer and have some boring conversations, but you can build connections here that will carry over into other jobs.

    Great to have on your resume, especially as a first 2/3 year gig out of school. Can't speak to transitioning into this at the higher management levels.

    Cons

    Work-life balance is a lie. If you want to get a decent rating (at the entry levels), you're required to do 400 hours (minimum) over the standard hours you will spend on your client work. Hour requirements go up as you move up. You're evaluated against your peers, so that number also goes up depending on what they do. This may not be true for other sectors. Expect weekend work and long hours during proposal season. This is not a 9 - 5 and some people here pride themselves on being perpetually busy (though I think that happens at a lot of places, especially in DC). People look down on you for taking a lot of time off.

    Government clients can be a pain. Some will be great, some will be lazy. The sheer ineptitude of certain divisions can make you cynical if you let it.

    It can be difficult to get out of a bad project, especially if it's long-term. You have to be proactive and patient with management when trying to do so. Everyone thinks they can be patient, but the reality of waiting and following up with people can be quite frustrating. It feels like looking for a job in your own company.

    Advice to ManagementAdvice

    -Be honest during recruitment and internships about what to expect.
    -Be more open to receiving honest feedback from staff. This has gotten a little better recently, but there's a lot of room for improvement.
    -People, especially younger employees, are often staffed on projects that don't align with their strengths/interests, when there is a person on another team that would be better suited. To be fair, there's not a system in place to provide knowledge of everyone's talent/interest in a coherent way for management to access.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. Great company if you can fit in.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - WFP Senior Associate - Advisory in McLean, VA
    Current Employee - WFP Senior Associate - Advisory in McLean, VA

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

    Pros

    Great training opportunities, great industry experience, great benefits and perks, and a name other companies know and respect.

    Cons

    No real work/life balance; less likely to retain staff of a certain age if their seniors; some market teams clearly have cliques that if you don't fit in, you will have a difficult time as an employee.

    Advice to ManagementAdvice

    Find a way for coaches and mentors to do more than 'ticking' the boxes-making them accountable will go a long way in building better employees experiences.

    Neutral Outlook
    No opinion of CEO
  11. Crash course into the busy corporate world.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Tax Associate in McLean, VA
    Current Employee - Tax Associate in McLean, VA

    I have been working at PwC full-time (less than a year)

    Pros

    I have only been here 8 months and my email, linkedin are flooded with recruiting emails.

    Cons

    Low pay in comparison to the hours you work. Getting stuck in a group becomes a problem as well. Once you get in the firm, it isn't as easy as managers make it sound to move around.

    Advice to ManagementAdvice

    Hire upper level leaders who focus on building the team rather than their own image.

    Recommends
    Neutral Outlook
    No opinion of CEO

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