PwC

  www.pwc.com
  www.pwc.com
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4 people found this helpful  

Terrible

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Senior Associate in Chicago, IL
Current Employee - Senior Associate in Chicago, IL

I have been working at PwC

Pros

The people on your own level CAN be good people and enjoyable to work with

They pay for your CPA (although depending on what group you work in, you may not receive a bonus for passing it)

Cons

Everything else. I mean, EVERYTHING else.

Work/Life balance is preached, but I've never seen anything resembling it.

An alarming number of my coworkers have been laid off for a company that "isn't laying people off in this economy"

Low pay for what we do and the hours we put in

Here's an example of how much sense their compensation system makes: When promoted, the rate they charge my clients for my time increased 50%, my pay increased 5%.

Everything is contradictory. You are rewarded and punished for working more hours. You are rewarded and punished for being honest (mostly punished). You are rewarded and punished for speaking your mind in "anonymous feedback sessions". You are rewarded and punished for doing good work.

You have to work something like 12 hours a day, but can often only charge about 6 or 7 of those, meaning you're underutilized and look like a slacker. You will receive negative performance reviews for this.

The "critically-acclaimed" employee performance review is a clever way to cover that the partners end up playing favorites in the end anyway.

The partners have no respect for you.

The US leadership team uses the company's intranet site to brag about how they like to vacation in exotic places, spend time with their families, and talk about their hobbies. Meanwhile the staff has no time for hobbies as we work far too many hours, we are forced to use our vacation time to pay for the "firm-wide shutdown" at the holidays in order to save the partners admin money, and I've had a coworker who was told that she doesn't belong at PwC because she requested to not travel overseas for a month at a time because she had to take care of her 1.5 year old son. Let's just say, there's a HUGE double standard, and little to no respect for the staff shown from leadership.

All the good employees have the good sense to leave, leaving only the people who can't do any better. So that "Pro" I mentioned about good coworkers doesn't last long.

For people considering working here, just know this: The people on your campus telling you how great of a place this is to work, don't actually work here. They only do recruiting, meaning, they don't even know what hell it is to actually work here.

I could go on much longer, but I have far too much work to do, and I'd like to leave work at 1am instead of 2am...

Advice to ManagementAdvice

Treat your employees with respect for a change. When you make promises such as "the bonus pool is intact" and "raises will not go away this year" try to stick to those promises. Don't try to make us feel bad that the millionaire (or close to it) partners are taking a pay cut when we're making close to $10/hour when you factor in all the unpaid OT.

Doesn't Recommend
Disapproves of CEO

5335 Other Employee Reviews for PwC (View Most Recent)

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  1.  

    A good place to build the skills for your next career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at PwC

    Pros

    You gain wide experience in multiple industries and get exposure to different company problems every day.
    Your co-workers generally are very smart and motivated

    Cons

    Overall Pay to industry is not in line anymore. PwC hasn't kept up with the demand in the marketplace and continues to lose key talent to industry and other Big4.

    Advice to ManagementAdvice

    Be HONEST with the staff and management. Don't say "We are not giving raises and bonuses this year in order to save jobs", then 4 months later, have a layoff but call it "we eliminated some overlapping jobs." Just call a spade a spade, Advisory didn't make the numbers we promised to the rest of the practice, so we had to eliminate people in order to make our bosses happy.

    No opinion of CEO
  2. 1 person found this helpful  

    Long hours, low compensation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Tax Associate in Boston, MA
    Current Employee - Tax Associate in Boston, MA

    I have been working at PwC

    Pros

    The managers know what they are doing, and you are surrounded by intelligent and competent people for the most part. There are plenty of vacation days.

    Cons

    Long hours and lots of politics. It's hard to get a promotion because many groups are overstaffed. Frequently you don't know what you'll be doing the next day.

    Advice to ManagementAdvice

    Try to do something to even out the workload. Going from nothing to 12+ hrs/day is very difficult. Fix the compensation scheme so that interns don't make more than experienced associates.

    Approves of CEO
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