PwC Reviews | Glassdoor

PwC Reviews

Updated July 19, 2017
3,605 reviews

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3.0
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PwC Chairman Robert E. Moritz
Robert E. Moritz
53 Ratings

3,605 Employee Reviews

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Pros
  • Great people; Training; Clear career progression; Great client list ; Good remuneration; Work life balance (in 581 reviews)

  • Learn a lot - lots of on the job training (in 352 reviews)

Cons
More Pros and Cons

  1. "Unrealistic Explanations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate - Fed Tax in San Jose, CA
    Current Employee - Senior Associate - Fed Tax in San Jose, CA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at PwC full-time (More than 5 years)

    Pros

    Flexibility, people, diversity of work

    Cons

    Unrealistic expectations, value hours worked over quality


  2. Helpful (8)

    "Beware, changes ahead, and some growing cheapness here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Fairfax, VA
    Current Employee - Anonymous Employee in Fairfax, VA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at PwC full-time (More than 5 years)

    Pros

    Salaries, except in technology specialties, usually at or just above market. The firm still does not understand how to properly price specialty jobs in a few market segments, and it relies on a regional model. They have hiring challenges in certain specialties because of it.

    Good professional development opportunities and programs. You can grow here, IF you get time away from billable work to attend programs. This is very difficult to negotiate for busy groups in advisory. The firm pays for travel to many of these events, which is a plus vs. competitors, but often you work your A## off to get any training because there is no provision/backup to leave the day job.

    Time off is better than many competitors, with a traditional (never guaranteed) shutdown for the winter holidays, making 4+ weeks off a year a real prospect.

    Office time is not required: every PwC staffer has the tools to work from home if they choose and if their project manager allows. Free company mobile phone helps too. Lotus-Notes is almost an afterthought anymore, but Google's e-mail and calendar limitations are equally frustrating.

    Firm has many volunteer opportunities, and supports time off to volunteer. Donation Matching program is only for certain special events and higher education: would be nice if it could be broadened to environmental, community benefit, and other charities, rather than just a list of top universities who don't need the $$

    Cons

    In 2017-2018, they've made it more at-risk to get a bonus as they are now requiring a certain billable utilization % goal. Employees can't always control that, due to client program changes, delays in engagements, etc. Might see a few lawsuits around this, if they don't think this one through better.

    Compensation is not individualized anymore: you're part of a 'cohort' which is developed in tandem with performance, HR, and partner inputs. You're not really at the table for this, and many staff are starting to leave because it's no longer a progressive upward increase in salary due to tenure that it once was. No reward for loyalty anymore.

    The firm is still settling billion dollar lawsuits from the 2008-era, and though they claimed the bonus pool was fully funded this year, the total bonus opportunity is still lower than competitors and some boutique small firms, depending on your industry.

    401k employer match (25% on first 6%) is poor compared to competitors, combined with some not-so-great investment choices. Other benefits are average, not stellar, and they keep increasing the % of employee cost without enhancing the plans.

    You don't get to advocate much for your engagement assignments. Even if you reach out about a local engagement with another partner group that's a no-brainer fit for you. So much for the emphasis on flexibility: Flexibility is a marketing term here, not often realized.

    Its still first and foremost an accounting house, no matter what the partners crow about growth of advisory: the fact that advisory staff can still be restricted in financial relationships, there is so much Sarbanes-Oxley annual compliance, etc. speak for themselves. You're going to spend a ton of time here on compliance items that have nothing to do with your actual job as a result... many hours per year, thanks to all the accountants.

    They'll pay for CPA related education, but very few opportunities to get other items reimbursed such as certifications, seminars, conferences.

    All travel remains the default thinking in Advisory. They haven't innovated to a less traveling culture like competitors. Staff below director can only book coach travel, even if it is a trans-continental flight. Only once you hit 75k miles a year, and are a Manager+ you might be allowed to book in business, but only IF your partner (who might be a penny pincher) lets you. The program is full of holes and partner discretion language.

    Want to work with another group or market vertical? Good luck. Partners think they 'own' their teams, and work rotations and cross-vertical opportunities are few. When you hire in, you better love the vertical team you're part of because it is almost impossible to move, unless there is no work available in your group.

    The new performance management approach of 'snapshots' doesn't allow 360 feedback or introduction of client feedback. It is encouraged to only be judged by upward levels, not peers. Employees do not speak to the committee about their own performance, and rely on their often super-busy Relationship Partner to be prepared, honest, and detailed at performance roundtables. It is still a beauty contest, based on individual opinions and relationships vs. facts and client feedback. Many have had great successes that go under-emphasized by their presenter. The brown-nosing is still very evident.

    HR is not impressive here. It has been slashed down to a smaller team, and they're not the A-team either. They'll rarely advocate against a partner if it comes down to it, and this leads to more attrition than they'll admit when staff aren't getting the development, travel exceptions or engagements they want.

    There are 2 cultures: Strategy& or the rest of the place. They are perceived to be arrogant, coddled, paid more: the overall firm didn't do the best job integrating Booze & Co and culturally linking those folks: there remain many special carve-outs and programs just for them.

    Advice to Management

    Withholding bonus eligibility due to utilization is a bad move, with many factors the employee can't control. It is at the pleasure of the director or partner around who gets staffed where and when.

    Stop crowing about flexibility in communications when so many partners just aren't allowing it. One approach, and do not let it be optional.

    Get rid of the performance process altogether. Bonus should be based on revenue, business wins, and other contributions that cannot be disputed or glazed over.

  3. "Great for some, Heck for others"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Great opportunities to see a lot at a low level and crazy learning curve. Teaches you a lot about accounting and about yourself

    Cons

    You get worked like a dog, and depending on your team it is not recognized. Some teams have it awesome and some teams work 50 days straight through, it is luck of the draw


  4. "Assurance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Experienced Audit Associate in Detroit, MI
    Current Employee - Experienced Audit Associate in Detroit, MI
    Recommends
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Great clients and opportunities to network

    Cons

    Too many politics in certain groups


  5. "pwc"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Project Manager in Tampa, FL
    Former Contractor - Project Manager in Tampa, FL

    I worked at PwC as a contractor (More than a year)

    Pros

    Good company innovative and cutting edge

    Cons

    Dont really help contractor,they have to figure it out


  6. "Another Classic Big 4 Story"

    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
    Neutral Outlook

    I have been working at PwC full-time

    Pros

    Name recognition and big company

    Cons

    Little support of your personal careers goals, work you to death, hard to transfer internally and gain diversified experience, bad pay


  7. "Long Hours but some benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Experienced Audit Associate in San Francisco, CA
    Former Employee - Experienced Audit Associate in San Francisco, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good training
    Coworkers are generally nice and intelligent
    Lots of young people so good place to start out of college
    22 days PTO after 2 years
    Holiday shutdowns
    Cell phone paid for
    Good maternity/ paternity benefits

    Cons

    LONGG HOURS ( 60+ for 3-4 months at a time)
    Was expected to come into office on weekends
    Low pay compared to industry, especially for number of hours worked
    High pressure swim or sink environment

    Advice to Management

    Staff your jobs appropriately, rather than always trying to get it done with the minimum. Staff turnover is expensive too and most people leave because of bad hours

  8. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Atlanta, GA
    Former Employee - Associate in Atlanta, GA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Very diverse company. Very motivated workplace. Great employee development. Promote volunteering. Good review process. Very exciting and challenging work. Wonderful resume builder.

    Cons

    Large billable hour requirement. Relatively low pay. Lots of travel required for audit. Little out of office team functions. Included rather menial tasks.

    Advice to Management

    More team building activities.


  9. Helpful (2)

    "Good experience but annual ratings system needs work."

    StarStarStarStarStar
    Current Employee - Tax Director in Charlotte, NC
    Current Employee - Tax Director in Charlotte, NC

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

    Pros

    Good work experience with challenging assignments and opportunities to learn. Ability to work with other talented professionals. Exposure to top companies.

    Cons

    Annual ratings are dictated by a "managed distribution" system which is dictated to the local offices. So, only X amount of people can be rated as a Tier 1, Tier 2, etc. This causes unfair results at the higher staff levels such as director and manager when some people are going to end up as a Tier 3 or 4 even if they have really performed as a Tier 2, for example.

    Advice to Management

    Give more discretion to local partners on annual performance ratings and compensation.


  10. Helpful (1)

    "I am a first year assurance Associate at pwc that works on audit engagements"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assurance Associate in Atlanta, GA
    Current Employee - Assurance Associate in Atlanta, GA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The career is very stable and progression over time is almost guaranteed. You also get the chance to have early client interaction compared other areas in accounting.

    Cons

    The progression is very predictable and being a large company there are a lot of politics. Promotions can be based on performance but are more focused on need.


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