PwC Reviews

Updated June 9, 2015
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PwC US Chairman & Senior Partner Robert Moritz
Robert Moritz
8 Ratings

Pros
  • PwC provides a solid work life balance (in 257 reviews)

  • You will learn a lot if you have the right people teaching you (in 132 reviews)

Cons
  • Absolute lack of work/life balance consideration (in 930 reviews)

  • Long hours but you know when it is going to end (in 866 reviews)

More Pros and Cons

60 Employee Reviews

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  1. Helpful (1)

    Good place to start

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    1. Great exit opportunities.
    2. Amazing resources available for self development you won't find in industry.
    3. You will meet a lot of high level people out on engagements.
    4. You'll form long lasting connections with others in your stat class.

    Cons

    1. Your experience will depend entirely on your engagement team. If you're working with people you get along with, a tough engagement won't feel too bad. However, if you are unfortunate and get placed on a bad team, your going to have a bad time. If you're staff, especially a first year, don't expect to be moved to another engagement just because you tell HR you're not getting along with your team. Bodies are needed on engagements, and you can bet no one is giving up a good engagement so that you can get out of a bad situation.
    2. Work/Life balance, as many have stated before, doesn't exist in Big 4. Senior management talks a big game about it, but implementation is difficult and there seems to be a disconnect between what they say and what actually occurs and in some cases is possible.
    3. Audit work is dull. No matter how much anyone tries to convince you otherwise it is not interesting. At least at the staff level.
    4. You will play office politics. "Face-time" is the name of the game. At times, you will be sitting in the office/on site just for the sake of being there and not because the work actually requires you be there.
    5. It's not to your benefit to be efficient. Milk any task they give you within reason.
    6. There will be times when you are given a task that will take longer than budgeted or expected by management. Don't take their word as fact, as they are very removed from the actual work performed and are really just wildly guessing at how long a task should take. Communicate any bumps in your progress, but expect to be chastised for taking longer than their expected timeline.

    Advice to Management

    Listen to your staff. High turnover, while it supports growth opportunities for lifers, is not conducive to diversity. You're losing a lot of people that could have added value in areas you might not have expected.


  2. Work is only as good as your local practice

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

    I worked at PwC (More than 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    PwC is a huge company that offers diverse opportunities across the country. For example, I was able to transfer from the Philadelphia office to the McLean office with no problem. Work cultures are different in every office. Pay scales are as competitive as could be imagined for accounting, and most employees beyond the associate level are company men who seek that reliable salary.

    Cons

    The second edge of the sword of PwC's culture is that your colleagues will likely not be worldly or interested in affairs other than making money in their practices. "Global acumen" is at a minimum. This is accounting, after all. Some groups and office treasure diversity and learning, while others keep their heads down to they can see an ever-increasing salary. That's the "other second" edge - raises are tantalizing high, so there is always the illusion of great economic benefit even if salaries are low. I had never seen a raise smaller than 14% in my four years.

    Advice to Management

    This varies by the nature of the partners running their groups. To some I say bravo, fight the good fight. To others, I would suggest, for the sake of morale, taking a look around at what your staff values - it's likely not your revenue.


  3. FDD

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

    I have been working at PwC full-time

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Its a great experience working in FDD. You get to learn about the company in a short period of time but it can get very exhausting

    Cons

    Transition from audit to transaction services is difficult since you come on the front line and start preparing stuff


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  5. Direction of the company is moving away from it's core principals

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

    I worked at PwC full-time (More than 5 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Allows for mobility to other departments, groups, etc within the firm
    A lot of internal systems for assistance
    Able to control your career if you have the ear of leadership

    Cons

    Partner to staff ratio in many groups is to large
    Access to senior leadership has decreased over the years
    Work/life balance is a myth

    Advice to Management

    Invest in your junior staff with one on one development and discussions. If you want to lead by example, actually get to know your staff so they can get to know you and believe in your mission.


  6. A lot of work. Unique experiences. Develops you for a successful future.

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    You can generally work on the projects you request, and they tend to be more interesting than not.

    Cons

    Long hours. Lower rate of pay than market average. General large company politics.

    Advice to Management

    Enforce more flexibility rather than claiming you approve of it.


  7. Helpful (1)

    Sr Associate (treated as Sr Mgr)

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

    I worked at PwC full-time (More than 5 years)

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Great salary and benefits pkg comparatively among Big 4

    Cons

    Completely stacked with incompetent , skill lacking MBAs that rely entirely on the meager amount of qualified technical staff. Work you to the bone and then add 20 hrs+ weekly in admin BS. Mgrs regularly take all credit from savvy underlings to include accolades, bonuses and promotions.

    Advice to Management

    Ensure all managers have a modicum of real technical expertise, particularly in tech expertise rich engagements. Should allow departure from heavy handed verticals to improve career opportunities.


  8. Senior Consultant

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

    I worked at PwC

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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.


  9. Helpful (4)

    Established company, pay compensation/progression super weak

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

    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.


  10. Helpful (1)

    Needs to be more accommodating and flexible for its employees

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

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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 Management

    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.


  11. Helpful (1)

    Great firm and good people focused on solving business problems

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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 Management

    Integrate more and often to grow.



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