PricewaterhouseCoopers Reviews
| 1 - 10 of 660 PricewaterhouseCoopers Reviews | Sort by |
Pros
1. good training
2. good compensation
Cons
1. difficult to apply for inter-firm transfer
2. manager dont really take genuine interest to groom/coach you
Advice to Senior Management
Make it easier to transfer and make sure your managers make extra efforts to coach juniors
Pros
Great training, perks, benefits, very smart people, amazing big name clients, prestige.
Cons
Long hours, placed into a group and hard to switch out.
Advice to Senior Management
If someone has a good idea what they want to do, they should give them that chance.
Pros
It's a big four, so no complaints about status or perception by others. People are pretty friendly, theer is a lot of emphasis on development. if you wnat to life the consulting life and learn the ropes, this is a great place to be. Lots of room, lots of opportunities, lots of interesting people.
At a management level, PwC is a typical partnership: anything goes as long as at least one partner approves. So go sell your idea to do consulting from a hot air balloon to a dozen partners; one of them will think it's a great idea and up you go!
Benefits are great, specially for long timers.
As PwC lacks a strong internal structure, you can pretty much define your own niche and work.
Cons
PwC is a sort of networking organisation. If your good at that, well, great, you will prosper. If you need a fair bit of hand holding, and like to be part of a team, think twice before joining. PwC does not have any idea how to make people feel at home. You nominally have a relationship partner and a coach, that you'll meet bimonthly if you're lucky. No real team, no 'family' feeling, no group building. If you're not on an assignment, you're on your own. If you don't show up at an office, nobody will notice. Nobody can even tell who is responsible for you, or who can fire you.
PwC worst competitor is themselves: they sim[ply cannot systematically identify what capabilities and knowledge they have. It's all down to your own network in the firm if people find you, staff you, notice you.
Do not expect too much work life balance. Of course, there are plenty of good intentions, just like the road to hell. In practice, PwC expects 50, 60, 70 hours workweeks, with plenty of calls in wee mornings, late evenings and weekends. So don't count on bringing your kiddies to daycare, or being home in time for dinner. Then again, show me the consultancy that actually will maintain a work-life balance. they are probably belly up...
Advice to Senior Management
Improve localization of internal talent. More then one opportunity was abandonned, or staffed by 3rd party, while the talent is in house and on the bech, blkissfully unaware of the craving need of the guy in the next cubicle.
Make your compensation/benefits mid year adjustment a bit more flexible. More then a couple of people left because they felt underpaid- and their replacements got 25-50% more salary....
Pros
Work environment
Friendly co-workers, valuable feedback and help from supervisors
Access to materials and databases
In case of urgent problem you can come late or miss a day but with immediate announcement
Cons
Stressful around deadlines especially when managers who did not participate in the process start to get nervous and think you did not do your job when is exactly the opposite
Family life neglected at some point
Advice to Senior Management
no advice
Pros
- 22 vacation days a year
- Talented employees and team members
- Excellent parental leave policy (3 weeks fully paid for new fathers, 6 weeks fully paid for adoptive parents, doesn't come out of vaction balance).
- Great brand recognition/resume builder
Cons
-Low pay.
-Leadership don't seem to be on the same page as one another, which causes a lot of confusion and chaos downstream.
-Process, Process, Process. Congress has less red tape.
-IFS are second class citizens - not unusual for professional services companies but still a con.
-or teams with bonuses, lunch, gift cards,etc
-Very politcally correct environment.
Prior to the reorg, this was a fantastic place to work with career opportunities, strong teams, and great morale. Since then, it has become just a job.
Advice to Senior Management
-Get rid of some of the red tape and push management decisions further down the org chart (say to someone lower than Sr. Director level). We have very smart, very talented people here. Let them use their smarts and talent to help make us more competitve in the market place.
-Pay bonuses and annual raises. There's no better way for a company to say "we don't value you" than by eliminating bonuses and raises. Good employees are leaving and eventually you will be stuck with nothing but poor performers who couldn't leave for another job even if they wanted to.
Pros
Large firm with spread out expertise that can be relied on. Many colleagues are helpful when asking for guidance/help with previous similar experiences when pitching to clients.
Cons
Advisory plays second fiddle to Tax and Audit. The firm is too acquisition hungry to the detriment of both audit and the consultancy.
Advice to Senior Management
Become a consultancy and not just an implementation house. Don't oversell the firm, we're not competitors to McKinsey no matter how many times you may say it.
Pros
Working at PricewaterhouseCoopers gives you the opportunity to be exposed to a variety of different projects and technical challenges faced by clients. The people are great to work with and very willing and eager to lend a helping hand when need be.
Cons
Because of being exposed to a variety of projects it may be hard to develop a strong skill set in any one area which could hinder job opportunities outside of the firm. Communication from the leadership is lacking which causes low morale among its employees.
Advice to Senior Management
I would advise management to be more open about the true health of the firm. Keeping your employees in the dark about potential hardships the firm might face does more harm than good. The morale of the employees would be much higher if open communication was practiced not just preached.
Pros
Good for resume after 2-3 years with CA/CPA, easy to find another job.
Cons
Terrible office politics. Promotions based on sucking up to the partners upstairs, not based on your true objective performance as an individual.
No Work/Life Balance - in busy season u'll be worked like a dog till midnight, with no overtime pay, just so that you can meet an arbitrary deadline that doesn't actually exist.
At ratification meetings, you are compared against your peers, there is a tonne of backstabbing that occurs behind the scenes.
U frequently have 8 different managers asking 8 different things of u. You are always treated like a piece of meat thrown around between all the different managers who only care about their selfish selves and dont want to know about that fact that you have other client commitments.
U are always making up time - if u go on sick day or a volunterring activity, u are expected to make up for the hours u missed even though it was not your fault.
Staffing of jobs is terrible - the charge out rates are unrealistic, they are never recoverable from the client. Jobs are frequently understaffed just so that recovery can look better for the partner on the job.
U are expected to work on weekends - personal life suffers massively, on top of this u don't get paid.
U are expected to contribute to the firm initiatives even though you are on dirt pay, and there is no incentive to drive the process.
Advice to Senior Management
Address the above con issues. Partners need to understand the real day to day issues that employees deal with - if they want employees to stick around the above issues need to be addressed
Pros
there are millions of reasons to start my career with in pwc,such as good pay,large company,highly recognized experience,strong motivation,good training progamme.
Cons
i have to do some trash works in the first year and to be locked in the three and a half year contract.
Advice to Senior Management
reduce the period of the travelling and increase the overtime rate.give us more opportunities to rotate to expose to new areas.
Pros
- Great Experience coming straight out of college, will not find the exposure at any other entry level job
- Work with people your own age and motivated
- Lots of opportunity within the firm to specialize
Cons
- Compensation - At times it can be difficult to put in the 70 hour weeks when you know you can make more elsewhere with less hours
Advice to Senior Management
- Pay more attention to the lower level staff and compensate them fairly for the amount of revenue they generate for the firm
|
RSS Feed for PricewaterhouseCoopers Reviews |