PricewaterhouseCoopers – “No training budget, Pays less than other big 4 by 15-20%”

Pros

Respected name, great colleagues
Everyone benefits somehow from working for PwC

Cons

low pay
NO TRAINING BUDGET? YOU MUST BE KIDDING...
Salary freeze??? a 3% inflation rate increase for all employees would have cost partners an 0.1% pay cut of their average £800K /annum salary

Lots of travel for the salary with no extra pay for being away from home 200+ days a year
Low Bonuses if any

Still an Accounting firm, to compete in consulting PwC should invest in people as much as Mckinsey does.

PwC Diploma?? costs as much as an MBA... to learn about soft skills, a joke of a degree. Only recognised at PwC UK... are partners worried that people would leave afterwards if they sponsor an MBA? then they should pay competitively

Advice to Senior Management

Never cut a training budget. Invest in technical training in consulting other than CIMA and ACA for auditors and accountants. Don't make it such a pain for people trying to dedicate their life to PwC by wanting to be the best, working hard and studying in their own time. Show some support and acknowledge the effort.

Thanks