PwC Reviews

Updated April 23, 2015
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3.5
171 Reviews
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PwC US Chairman & Senior Partner Robert Moritz
Robert Moritz
39 Ratings

171 Employee Reviews

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  1. Senior Associate

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great people, driven, great network

    Cons

    long hours, weak leadership, internal politics

  2. Very busy, all year round.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Experienced Associate (Assurance) in Chicago, IL
    Former Employee - Experienced Associate (Assurance) in Chicago, IL

    I worked at PwC full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Worked with really great people and having a Big Four on the resume opened a lot of doors.

    Cons

    Lots of hours, lack of respect for PTO.

  3. Excellent place to launch a career! So many opportunities and so much to learn!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Audit Associate in Chicago, IL
    Former Employee - Audit Associate in Chicago, IL

    I worked at PwC full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Company is mixed with every age group, but as a college hire you'll be working with a lot of people your own age. Great place to experience other Fortune 100 company operations.

    Cons

    Hours can be long, but flexibility really improved over the time I was there.

    Advice to Management

    Allow flexibility in reviews and promotion schedules,

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  5. Senior Auditor

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

    I have been working at PwC

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Learning curve is going upward steep in the first three years in the firm. Nothing more than that.

    Cons

    Be ready to say goodbye to your social life if you want to get promoted. You will never get the chance to enjoy your salary because there is no life outside the firm. You will pass through enormous stress, so be prepared. The overall journey of being an auditor is really not enjoyable. Most of the time you are annoying the clients with pointless questions and working through just to cover your back. On the top of that, your manager will probably hunt your mistakes and surprise you with an awful negative feedback.

    Advice to Management

    Managers, do not be mean to your staff. Be honest and clear in giving your directions and expectations and let your staff know whenever they deviate from these expectations in order to have the enough time to correct themselves instead of hunting their mistakes and screw their performance after a hard work and dedication were already provided. Do not be hypocrite.

  6. Helpful (2)

    Mediocre M&A Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate - Advisory in Chicago, IL
    Former Employee - Senior Associate - Advisory in Chicago, IL

    I worked at PwC

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    The company does what it says, and follows those principals. Everything that was promised throughout the interview process was in fact delivered, many times exceeding my expectations.

    The benefits and salary are nice, and depending on the group you work with, the people are nice as well.

    You will get an enhanced resume with a well-known reputation.

    Cons

    You will work yourself to death and that is expected and you will have very little work-life balance. Be prepared, during the courting/orientation process they make a big deal about "work-life balance", but remember you are going to a professional services firm - it is all about billable hours. I recall one director mentioning that you will not get promoted unless your utilization is around 120% - which means you need 2400 billable hours per year (billable does not equal working hours, actual hours will be in the 3200-3400 range). So unless you want to be working 65+ hour weeks, week after week, reconsider your option.

    Mergers and acquisitions sounds a lot cooler than it actually is when it comes to consulting. During the M&A process, bankers run the show and consultants are along for the ride. And unless you are in the financial due diligence area, none of the work you do will make a difference in the transaction, so the feeling of importance in what you do diminishes greatly.

    During the staffing process, there is little consideration given to what you want to "work on". Basically, a partner sells a job, picks a director to run it and the director asks if you are available. If you are, you are staffed...and if you don't accept the gig, that is the fastest way to ruin your reputation.

    Consulting consists of Powerpoint decks, making stuff up and saying whatever the customer wants to hear. Once the customer figures out he/she can do what you are doing for a lot less $, they will show you the door. Remember, you are hired hands, and when your manager/client sees no value add for the huge sums of money you are charging, they will have no problem ending your engagement.

    The firm is extremely outdated when it comes to technology. The firm utilizes Lotus notes for email and IM communication. They are in the process of moving to Google this year, but it is still very embarrassing when you cannot sync up with your clients, all of whom use Microsoft Outlook.

    They have a new method of performance evaluation, so during each engagement you are supposed to solicit feedback from your manager for a more "well'rounded" view of your performance. Most of the people reviewing you are on power trips and have no issue tearing you apart for the smallest mistakes based on some vague framework. These evaluations are the equivalent of getting a getting a hard-hitting yearly review every two weeks. Let me say, those can be extremely rough (even if you know you performed well, it is all based on that reviewers mood/perception).

    Advice to Management

    I understand partners made it to where they are based on long hours and hard work, but take some time to spend it with the younger / newer members of your team. This is a high-turnover industry, so maybe if you took more time to listen to the rank and file, there would be reduced turnover and lower overall retention costs...

  7. Excellent opportunity, varying pay for work load

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great culture - supportive Partners and Directors who help staff develop.
    Excellent opportunities to "move around" in the firm through rotations, tours, etc. (including international).
    Challenging technical work.
    Exposure to large clients.

    Cons

    Large amount of administrative work is handled by staff (i.e., Associates and Sr. Associates).
    Need to "do more" than simply one's job well to advance (i.e., participate in "extracurriculars").
    Pay can vary dramatically between staff members of same grade with identical education.

  8. Opportunity

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

    I have been working at PwC full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    opportunity, time off, people, Chairman

    Cons

    work life balance, work life balance

  9. Helpful (1)

    Great company but some curmudgeons ruin the experience

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

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great people. Honestly, the people are what makes the company. Intelligent, reactive, and if you find the right niche, good pals. The work is sometimes interesting, and as with all other traveling consultancies, the airline and hotel points are awesome.

    Cons

    Work-life balance is preached preached preached but execution is highly flawed - it boils down to whether if the people running the project, and your partner cares. There's a lot of work masochists that wear their long hours in the office (not necessarily productive, but just butt in seats) as a badge of honor. PTO? Approved but oh client emergency, have your phone and laptop on at all times. Taking Training? Go for it, but client always come first., postpone your training Instructing Training? Good for your career, you'll have your normal work ontop of 8 hrs of instructing

    Most advisory project work is done for the sake of doing work, very few innovative ideas or actions are executed. Facetime is highly valued, but not really valuable in a lot of circumstances - you're just another warm body to fill a seat and billable hours. The word of whoever one level higher up is god, even if it doesn't make sense - openness is discouraged and speaking up will get your ostracized.

    tl;dr Great company but some curmudgeons ruin the experience

    Advice to Management

    PwC is a great brandname to the clients, but for a company that has human capital as its main driver for success, the people are NOT focused on enough. Everyone knows it's an unstated veneer lacquered over seething frustration at long hours, intrusion on personal life, and preachy words; all for the goal of brand recognition and a higher bonus (if that even comes).

  10. Helpful (1)

    Technology Consulting Senior Associate

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great brand
    Strong strategy
    Bold management team
    Make great friends
    Enjoyable company outings, that are regular
    Career progression is directly tied to performance(can't speak to more senior levels)
    Diverse colleagues

    Cons

    Pay is below market - they will try their best to convince you otherwise, but it is below market
    Once you are in and assigned to a group, there is no leaving you are stuck
    Sometimes do not get the strategy engagements and end up playing in the lower level stuff
    Not a lot of partner time for junior staff

    Advice to Management

    Embrace flexibility with junior staff on projects
    Listen to junior staff when talking about career growth, not just the next project you want to put them on.
    No partner circles at company outings

  11. Good experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Service in Chicago, IL
    Former Employee - Financial Service in Chicago, IL

    I worked at PwC

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Multicultural working environment. Frequented company events that get you familiar with the company as well as the people.

    Cons

    Does't treat employees very well.

    Advice to Management

    Need more effort on how to take care every employees, rather treat them like machine

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