PwC Reviews

Updated June 24, 2015
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3.4
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PwC US Chairman & Senior Partner Robert Moritz
Robert Moritz
21 Ratings

Pros
  • PwC provides a solid work life balance (in 257 reviews)

  • You will learn a lot if you have the right people teaching you (in 132 reviews)

Cons
  • Absolute lack of work/life balance consideration (in 930 reviews)

  • Long hours but you know when it is going to end (in 866 reviews)

More Pros and Cons

74 Employee Reviews

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  1. Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Tax Associate in Dallas, TX
    Former Employee - Tax Associate in Dallas, TX

    I worked at PwC

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

    Pros

    Nice benefits, great for the resume and experience

    Cons

    Open office, feels like a giant corporation, return season can be a beat down

    Advice to Management

    None, it is what it is.


  2. All based on the partner

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Advisory Director in Dallas, TX
    Current Employee - Advisory Director in Dallas, TX

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

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

    Pros

    The firm is outstanding. The tools, technologies and processes are beyond. Many of the partners I work with are truly outstanding human beings -- smart, of course you need to be to even get an interview and genuinely caring individuals.

    Cons

    One bad apple. There is a partner in the CFG who is absolutely the worst to work for. He is so incredibly driven and overly demanding. All of the all nighters I've pulled are because of him. People do not respect him and he has a reputation for being a ball buster. But no one does anything because people are afraid to speak up and because he brings in the bacon. But still no reason to abuse people -- verbally, mentally and emotionally.

    Advice to Management

    Keep up the great work on branding and technologies and great platforms. If you truly respect the individual, then hold people who do not and have a reputation for doing that, accountable for their actions. Partner or not, they need to pay for being abusive to associates.


  3. Helpful (3)

    Not a Great Place for Consulting

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Dallas, TX
    Current Employee - Consultant in Dallas, TX

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

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

    Pros

    Opportunities to build relationships with clients and high-performing colleagues
    Exposure to a wide variety of locations, industries, companies, and executives
    Compensation is significantly better than industry (non-professional services companies), but significantly worse than strategy consulting firms

    Cons

    Extensive Travel
    As with all consulting firms, you can expect to be on the road Monday to Thursday. This means living out of a suitcase and eating hotel food during the work week, as well as being away from friends & family back home. It also means that if you try to take a trip somewhere on a weekend, you will likely be away from home for about two weeks straight. This lifestyle is exceedingly hard to maintain, as you still have to accomplish all that's required in your personal life (doctor's / dentist appointments, grocery shopping, laundry, etc.) in the a very abridged timeframe (many places aren't open on weekends or Sunday, and you still have to work all day Friday).

    Inflexibility
    "Flexibility" is a term that is typically used by engagement leadership when asking staff to adjust or cancel their previous plans in favor of what they determine is more important. This means last minute cancellations of vacations (or working remotely from vacation), abridged visits to family, etc. The firm also pays for your phone. While this sounds great, it really means you are on call 24/7.

    Lack of Ownership
    In my experience, I have typically learned about my next project (including the team, the client, the location, the leadership, and the role) the Friday afternoon / evening before an expected early Monday morning flight to the client site. While the recruiters tout the ability to cave out your own career, in terms of pursuing your interests and passions within the firm, this is significantly more difficult to achieve than promised.

    Management Style
    The senior leadership of the firm comes almost exclusively from the audit practice, and many of the senior leaders within the consulting practice came over from audit as well (as we are rapidly building back up our consulting business after selling it to IBM years ago). The approach to managing an audit business should be very different than the approach to managing a consulting business. Audit clients are bound by law to receive your (or a competitor's) service and services to a single client can go on for 10 years without much additional effort. In consulting, each client has to be effectively persuaded of the value and contribution of each project you attempt to sell. While the busy season for auditors can mean extensive hours, consultants typically see this at least once per engagement (avg length ~4 months). Finally, auditing is a very top-down business with fairly defined / rigid rules in place, far greater consistency in terms of teammates, and far less frequent / consistent travel. Consulting is a profession that is typically seen as a place for a meritocracy of ideas, where you attempt to intelligently solve new and complex problems. The hierarchal approach taking in auditing is simply at odds with the needs of a consulting business.

    Inconsistency
    Every new project comes with a new team and new leadership. These project / engagement leaders typically have vastly different approaches, in both style and expectations. Some engagement leaders give a lot of ownership and respect to their team, while MANY treat their team like traveling admins and give little respect for their time. With this constant churn related to project staffing, you are also have to "prove yourself" with each new engagement and start from scratch. This makes it exceedingly difficult to build a career, as you are constantly starting over. Combine all of this with a generally blind process for project placement and extensive travel / time away from home, and you have a recipe for extreme stress and burnout in your employees.

    Lack of Upward Feedback
    The firm rolled out a new performance review system that streamlined the process for rating its employees. At the same time, it also removed the upward feedback mechanism. This is a very concerning development. Since we jump from project to project so frequently, we also change leadership nearly as frequently. In a typical company, there is an inherent incentive to develop and treat your staff well because the better they perform, the better your life is in the long run. With consulting, there is no long run since projects typically only last 4 months. Without an upward feedback loop incorporated into a manager / leader's own performance review, there is little incentive to take the concerns of their team seriously. This becomes increasingly clear as you work with more and more members of middle management (above junior staff and below partner).

    Leadership
    Promotions to leadership positions are largely based on politicking / perception from above, being in the right place at the right time / sticking around long enough, and technical competency. Notice how I never mentioned demonstrated leadership or even leadership potential. That is because within most professional services firms, the ability to get the job done is all that is witnessed from those above and not how the job is done or how it impacts the people below. With relatively short duration assignments and, consequently, relationships with team members, coupled with the lack of upward feedback, this creates a very weak incentive to develop your team or treat them particularly well. Yet this same incentive structure is used for determining advancement within the firm. The overall impact of such a poor system can be seen on new hires after they have been with the firm between 6 months and 1 year, and is a significant driver of the high turnover rate in recent years. The day-to-day experience and overall quality of life for most consultants is almost entirely driven by the quality of their engagement management team. With such a poor way of determining engagement management, and the lack of a feedback loop to accurately rate said management from the perspective of those they are managing, you have no way to improve the system or course correct individuals that have already advanced. This is a recipe for either driving away talent or forging them into the same quality of management already in place.

    Advice to Management

    Stop running the consulting business the same way as the the auditing business, they are two very different business that need to attract and retain very different types of professionals (from the perspective of both skillsets and personalities)

    Incorporate true 360 degree feedback (including upward feedback) into the performance reviews of all those that manage staff.


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  5. Love this company!

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great work-life balance and dedicated team to helping you achieve your goals, both personally and professionally.

    Cons

    Hard for a person in marketing & sales to move up in the ranks.


  6. Tax Associate starting in Summer 2015. Completed Internship Summer 2014

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

    I have been working at PwC full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great people working in the office. Busy season isn't as bad as the the folks in audit. Great benefits at PwC.

    Cons

    Go to the office everyday. One could say the work isn't the most exciting thing in the world.


  7. Project Manager in Client Service (MLP Tax Practice)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager - Client Services in Dallas, TX
    Former Employee - Project Manager - Client Services in Dallas, TX

    I worked at PwC

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

    Pros

    Great learning opportunity surrounded by the best and the brightest talent. Everyone is very professional and driven to succeed. You gain a lot of experience that is marketable when you decide to leave a big 4 accounting firm. Just having the name on your resume gives you instant credibility in my experience. People know you are a high caliber employee if you worked at PwC.

    Cons

    Management expects a lot from you (compensation reflects this - ie. high pay). They firm tries to promote work life balance but at the end of the day you have to decide how much of your life you want to be work. I found most people gain the experience by working in public accounting then go work in industry (often for a former client) for better work life balance. It is easy to get burned out. Seasonal work can make it difficult to stay long term especially as you begin to establish a family.

    Advice to Management

    Recruitment continues to be hugely important. Continue to higher high caliber employees - they are benefiting greatly by working for the firm.


  8. Helpful (2)

    Good from far but far from good

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

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

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

    Pros

    Solid brand on your resume and halfway decent exit opportunities.

    Cons

    almost everything about working there.. The hours suck, the people are often neurotic, the culture in some offices is horrible, and the list goes on...

    Advice to Management

    Y'all are beyond help


  9. Great place to start your careers.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Tax Associate in Dallas, TX
    Former Employee - Tax Associate in Dallas, TX

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    High starting pay. Great projects

    Cons

    Long working hours during busy season


  10. Building your personal brand

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Dallas, TX
    Current Employee - Consultant in Dallas, TX

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

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    they just recently launched professional framework, which is very beneficial to you that project your future pwc career path.

    Cons

    bad benefit-healthcare. working long hours


  11. Advisory Director

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Advisory Director in Dallas, TX
    Current Employee - Advisory Director in Dallas, TX

    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

    - collaborative culture enables bringing the best of the firm to clients
    - entrepreneurial despite being a very large firm. If you are ambitious and creative you get the freedom to execute.

    Cons

    Various acquisitions have not been integrated well in the short term

    Advice to Management

    Keep the course



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