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Be part of the audit machine for a couple of years, then leave for greener pastures.

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

I worked at PwC full-time for more than 3 years

Pros

- Excellent job opportunities outside of public accounting when/if you make the move
- Generally work with teams in your age range/generation
- If you have the stomach for high-stress environments, working here galvanizes your work ethic and bedside manner whenever you decide to move out of public accounting and into industry

Cons

- Partner track now has increased from 12-14up to 15-18+ years. Do you really want to spend over half of your career becoming king of the audit monkeys?
- Different industries/market team have distinctively different cultures
- Working with colleagues can be very hit or miss. If you're on the bad end of the spectrum, be ready to be exposed to hypocritical, backstabbing management that WILL remember and disclose every single screw-up you make on your performance evaluations
- Jobs are consistently underestimated (and consequently, understaffed and underbudgeted)
- Significant lack of appreciation/respect/coaching for associates/senior associates, particularly in light of recent "enhancements" in audit "quality"

Advice to ManagementAdvice

Audit quality is under heavy fire due to the PCAOB laying down the law on all Big 4 firms - partly due to the regulatory body trying to substantiate its existence, but mostly because the firms were awful at GAAS auditing for the sake of efficiency (which is now rearing its ugly head).

As a result, staff get very poor coaching, budgets are overrun, and audit clients are upset at the increase in fees without any perceived value add. On all fronts, staff aren't able to defend something they have no faith in.

Stand up to the PCAOB instead of rolling over and bending backwards to satisfy their observations, and possibly work with them and the ASB to devise a more reasonable set of GAAS. Otherwise, just get out of auditing in general and focus on advisory/consulting instead, because it's clearly not as sustainable a practice as it was decades ago/post-SOX.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

5057 Other Employee Reviews for PwC (View Most Recent)

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  1.  

    Did 2 Stints. First time - (8 years) was AWESOME... Second time (Less than 2 years) was AWFUL.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager
    Former Employee - Manager

    I worked at PwC full-time for more than a year

    Pros

    Good Projects, Challenging work, Really good first job!!

    Cons

    If you are a Senior Associate/Manager or Above - the CUTTHROAT nature of trying to win work is beyond disgusting. Good luck with getting staffed - EVEN taking the inititative and FINDING a project did not work because EITHER a). YOUR Partner wanted to have you available for an opportunity that may or may not materialize OR b) The Partner who "Owned" the project would have more than enough work to add a Consultant but would NOT because of Project economics!!!!!! The Chicago office in particular had such a Fraternity environment that no matter what you knew - it really didn't matter if you weren't part of the In Crowd!!!!! We are ADULTS - we have to do BETTER than that!!!!

    Advice to ManagementAdvice

    Sigh.....

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2.  

    Experience Associate

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

    I worked at PwC full-time

    Pros

    Exposure to clients processes and way of business.

    Cons

    This office is very depressing to work for. There are a few friendly people in this office. However the attitude of most the employees at this office leaves much to desire. I traveled for work with other offices and everyone's attitude was positive and inclusive. At this location you are quickly characterized if you did not go to a local university or if you are a foreigner. I was never characterized for those things but I would hear talks and comments. It begs the question, why hire the person then. It is all about having an image of diversity. However, it is not real. Again at this location. The work life balance is such a joke too.... You are busy all year round working here.

    The few downtime you get, you will be forced to attend silly events and meetings where everyone will pretend they do not hate their life and their job.

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