There are newer employer reviews for PwC
There are newer employer reviews for PwC

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Helpful (9)

Manager, Advisory Services

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Manager in Los Angeles, CA
Current Employee - Manager in Los Angeles, CA
Recommends
Positive Outlook
Approves of CEO

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

Pros

There is access to a tremendous volume of knowledge and expertise within the firm. You can learn things here that you won't be exposed to anywhere else. There is a dedicated learning and development system for online self-study on thousands of topics. While you are required to take a certain amount of continuing education every year, you can capitalize on this and obtain additional certifications, etc through the firm. The salary and rewards are in range with other 'Big 4' firms. There career advancement opportunities to be had both internally and externally. As far as the other big 4 firms go, I've gotten the impression that PwC is at the top of the food chain. Only uber-boutique firms like McKinsey or Booz seem to have a stronger branding & compensation and that is mostly for very specific areas of strategy consulting work. The culture is very high performance oriented, which is both good and bad. The good side of it is that you have no choice but to excel at what you do.Having the PwC brand on your resume can open many doors for you in the future. A lazy person will not survive in this environment. Diversity (ethnic and cultural) is taken very seriously. There is zero tolerance for inappropriate behavior and treatment toward anyone. Your race, cultural background, gender, sexual orientation, etc, doesn't matter... either you are capable or you're not. The environment is ultra-competitive, and not necessarily in an under-handed, backstabbing way. It's simply a fined tuned corporate machine, friendly on-the-surface and full of eager people looking to make a name for themselves. You either can OR can't do the job.

Cons

The work/life Balance is a challenge, We've all heard the horror stories about tax accounts working 25 hours a day.This is somewhat pervasive in other areas. A typical work week is 50-60 hours and you will be focused from the moment you wake up until you pass out. When on a client site, you will spend 10-12 hours on-site along with the requisite 'team dinner', go back to your hotel room to work some more and repeat the cycle until you head home from whatever location you're at. The use a bell-curve annual review process, which basically means you are judged by a group of directors & partners who probably have no idea if you're any good, other than what your 'coach' can advocate in the 5-10 minutes they are allowed to plead your case, along with data on how many billable hours you've had (utilization) and your contributions to community service, etc. Most end up in the middle with a small bonus and single digit raise. That's not necessarily bad, but you're generally made to feel like you're not doing enough to satisfy their expectations. The internal systems are constantly changing. Because its a firm full of smart people falling all over themselves to constantly revising IT systems. They use Lotus notes which is universally hated by everyone; however, it's so deeply ingrained into the IT DNA that they can't figure out how to migrate away from it. The culture is very high performance oriented and you can rarely rest on your accomplishments. You are pushed to continually improve your abilities and 'personal brand' which can either burn you out or form you into a cold corporate machine. A lot of people self-medicate (drinking to numbness) and I've seen all-out mental breakdowns occur. Some people are eventually ushered out and feel relieved when it happens so they can finally get some rest. I'm sure those factors are not unique to any organization, but it seems a bit more pronounced at a 'big 4' firm.

Advice to Management

This is a tremendous, high performance culture, but it needs to be tempered with balanced expectations. I greatly respect the leadership and their collective vision seems to be on target. My 'ask' is to better equip directors to lead teams through inspiring their confidence rather than beating them into submission. There is high integrity and zero tolerance for mediocrity, but you need to align people in the right roles and take the fear out of the future. A lot of people live in fear of losing their jobs, rightly or wrongly, because they feel like they can't measure up to partner and director expectations. There are many instances where junior staff feel squelched by director megalomania.

Other Employee Reviews for PwC

  1. Helpful (1)

    Good firm with lots of resources and a good culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in New York, NY
    Current Employee - Senior Associate in New York, NY
    Positive Outlook
    Approves of CEO

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

    Pros

    Overall leadership is heading in the right direction; good culture supporting work life balance and flexibility; large firm with many resources; recent acquisitions of Diamond, PRTM, and Booz are bringing needed talent; advisory is growth oriented so many changes are on the way; relationship-driven culture so people are taught to put relationships first

    Cons

    Large, inpersonal firm, can be disconnected, internal firm support is bureaucratic and ineffective; promotion system is non-transparent and disconnected from day to day work; performance review processes are tedious and do not lend to honest constructive feedback; engagement staffing coordinated by firm HR support is dysfuntional, and staffing operates on personal network rather than identified business needs; staffing tend to determine career growth rather than personal strengths/interests/passions; evolving consulting practice so operating model and competencies are not defined; lower pay for consulting roles compared to industry peers; over-emphasis on "relationship" building creates subcultures of cronyism and favoritism

    Advice to Management

    Focus on improving talent management, performance review, and staffing; reward performance as much as "relationships"; invest more in intellectual capital development to be competitive with other top notch consulting firms


  2. Good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources Manager in New York, NY
    Current Employee - Human Resources Manager in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at PwC full-time (More than 8 years)

    Pros

    People are good Flexibility is reasonable Brand recognition Reputation in the marketplace

    Cons

    People are full of themselves Lack of opportunity Long hours cam be unbearable


There are newer employer reviews for PwC
There are newer employer reviews for PwC

See Most Recent

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