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

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

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Senior Associate in Florham Park, NJ
Former Employee - Senior Associate in Florham Park, NJ
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at PwC full-time (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 Management

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.

Other Employee Reviews for PwC

  1. "Its a great job, but the office life leaves a lot to be desired."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Florham Park, NJ
    Current Employee - Senior Associate in Florham Park, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    I've had a lot of opportunity to work on projects I've shown interest in. When management knows that you do good work and they can rely on you, they do what they can to keep you engaged and happy.

    Cons

    The Florham Park office is a place where partners come to work for 2-3 years then return home. The office doesn't socialize that much, and on many days the office seems empty. I swear on Fridays during the Summer I can see the tumbleweeds roll through the isles.

    Advice to Management

    Create new ways to introduce incoming staff to those already in the office. Try to build up a sense of community, with fun events and team building exercises.


  2. "Extensive travel"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    The opportunities for growth at PwC are endless. They offer a plethora of trainings, they reimburse you for certifications you get, reimburse you for books you need to get for studying, and tuition reimbursement. The benefits also rock. You get to keep AMEX rewards points, you gain status on airlines and hotels ect.. That and it is always nice to have a clearly defined career path with a clear understanding of how you get promoted and what you need to do to get promoted. You receive guidance from upper management so that you can progress your career, its easy to get feedback on your performance. There really isn't much that is a big question mark when it comes to figuring out if you're getting a promotion or a raise.

    Cons

    If you are in advisory, say goodbye to a regular life. The travel is extensive, granted, it is what you signed up for upon taking the job, and initially it sounds exciting to go out in the world and travel, but overall, travel sucks. You are gone Monday-Thursday. Thursday if you are lucky you will get 5 hours of sleep and then you have to work Friday. You have the weekend to cram in seeing your friends and then boom, you're gone again. It puts a massive strain on your relationships with family and friends, and good luck maintaining a serious relationship while you're on the road for an extended period of time.

    Advice to Management

    n/a

There are newer employer reviews for PwC
There are newer employer reviews for PwC

See Most Recent

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