PwC (Price Waterhouse Coopers) has kept its place among the top four professional services firms worldwide for what seems like generations. But is it a good place to pursue your career?
Having talked to a few employees at PwC, I can confidently say that it can be a good choice for your career due to its competitive salary, comprehensive insurance plan, best work-life balance, and the effort they put into training you for the respective role.
Not only that, but the firm is also well known as as a good (if not the best) place to work because of the following reasons:
- An inclusive workplace culture where everyone gets a chance to thrive.
- Global presence and prestige expose you to a diverse range of projects.
- Employee recognition and rewards keep you motivated to work.
- Exposure to a variety of marketplaces and clientele.
In this article, I’ll take a look at the 7 most important reasons why PwC is definitely a good company to work for.
Is PwC A Good Company to Work For – 7 Facts
Here are some reasons why PwC is a good place to work and what the company’s reviews indicate.
1. Inclusive Workplace
The work culture at PWc includes diversity and inclusion as core values.
PwC likes to promote the idea that their management recognizes and appreciates every employee.
I’m a big consulting forum geek, and I saw that on one of these (Indeed), a former PwC employee shared his thought: “Good Company that has supported employees during the current challenging environment, strong management that focuses on doing right by the client without losing focus on the employees.” (Source)
PwC thinks challenges are best resolved in groups.
The firm has created a diverse global community of problem solvers that is still expanding with every new hire.
They say this gives its employees a sense of belonging, and I can really believe that to be true.
2. Career Development, Training, and Academic Support
Pwc is committed to fostering the professional development of its employees by providing
- a range of training courses
- mentoring opportunities
- career paths
These initiatives include:
- On Job Training
- Formal Training
- Continuing Education
PwC is clearly committed! Committed to their vision of the career development of any new hire who wants to bring their experience to the table and make their mark in the industry. (Source)
Here’s another thing – at the firm you are urged to pursue specific professional qualifications at every stage of your career and are supported during World Youth skill days.
One PwC employee shared a review about the company’s career growth opportunities and said, “Great Company to begin your accounting career and develop a strong skill set. Job satisfaction depends on coworkers and managers. Overall great benefits and opportunities to grow.” (Source)
Sounds like it’s all going well!
3. Global Presence and Prestige
PwC is a titan, a colossus of the professional services sector on a global scale.
The company gives you the chance to participate in international team projects.
This global presence encourages professional development and exposes you to a diverse range of experiences.
Here is a table that I created that shows the ranking and other details of PwC to give you an idea of its global presence and prestige:
|Total Offices||157 countries across 742 locations|
|Revenue||45.14 billion USD|
|Best Place to Work for Rank||63th|
|Rank among Big 4||2nd|
|Fortune 500 rank||81|
4. Initiatives for Work-Life Balance
If you worry a lot about keeping a good work-life balance, PwC has your back!
They have put into place many initiatives to help their employees achieve that balance.
Flexible work schedules, wellness initiatives, and resources for mental health are just a few of the benefits available to ensure employees’ well-being.
PwC adheres to the Everyday Flexibility Policy, which promotes productivity, more agile work delivery, and technology use (including a partnership with Google Cloud).
You are also given a chance to prepare for agendas proper to important meetings.
However, I must say that PWc may require you to put in 12 to 14 hours at work for the year-end audit. You’ve been warned! (Source)
In a nutshell, the actual work-life balance at PwC will depend on your role and its responsibilities.
Here are some examples of the flexible work options that PwC provides:
- Remote employment: You may do either full- or part-time work from home.
- Flextime: As long as you work a predetermined number of hours per day or week, you can choose your own start and end times.
- Condensed workweek: You can work fewer days but for longer shifts, such as nine hours per day for four days per week.
- Parental leave: Paid parental leave is available.
- Unpaid Leave: You can take unpaid time off to address personal issues.
The company-wide “Be well, work well” initiative was developed with the goal of promoting employee wellness.
PwC wants to inspire its employees to put their all into their work and personal lives. This way of thinking cultivates a motivated workplace that consistently achieves top rankings across a variety of platforms. (Source)
It’s important to weigh the benefits and drawbacks of the flexible work policy and the work-life balance for a career.
Though we all understand it is stressful working at such a prestigious company, at least you know that PwC has got your back.
5. Exposure to a Variety of Marketplaces and Clientele
PwC provides services to a range of clients and industries, including:
- Private companies
- Public companies
- Government agencies
- Non-profit organizations
PwC also works in several different industries, such as accounting, auditing, consulting, tax, and advisory. (Source)
This means you’ll be able to learn about various sectors and apply your expertise in a variety of projects.
This should (hopefully) help you excel in your career and introduce you to potential big players in the market.
6. Competitive Benefits and Compensation
Let’s get real – pay is a key consideration when assessing a company’s attractiveness as an employer.
Data gathered in the US indicates that a PwC employee earns an average yearly salary of $89,367. The lowest 10% of PwC employees make $54,000 a year, while the highest 90% make an average of $146,000. The company usually pays $42.96 per hour.
Furthermore, PwC salaries vary by department. For example, the marketing department makes an average yearly salary of $123,158.
The geographical location also affects PwC salaries, and I’ve observed that the employees working in Seattle and Washington, DC offices receive the highest salaries. (Source)
Furthermore, PwC provides a wide range of employment benefits, along with competitive salary packages, such as:
- Healthcare plans, including mental, vision, dental, and family coverage.
- 15 paid holidays, 3 weeks to 1-month vacations, and family/personal sick time.
- 401(k) savings and retirement wealth builder plans.
- Up to $1,200 per year student loan.
- 12 weeks of paid parental leaves and 4 weeks of Paid Family Care Leave.
- $50,000 of Basic Life Insurance and other financial programs.
- Up to $1000 reimbursement for emergency backup childcare per year and other family support programs.
- Commute benefits and eMobility programs.
Overall, PwC offers competitive benefits and compensation packages compared to other major players.
This makes it a good choice.
The package you get will depend on:
- your job
- where you are
- your experience
7. Employee Recognition and Reward
The recognition and rewards programs by PwC inspires employees.
It helps them engage more in their work, and it just generally fosters a positive environment (the kind of place you want to be).
The business is sure it can build a high-performing workforce that can face future challenges by rewarding and recognizing them for their past efforts.
Here is a glimpse of each of these reward and recognition programs offered by PwC:
- Performance Evaluations: Annual evaluation of one’s performance is taken into consideration and used to compare for company’s goals and objectives. Employees who perform well enough are entitled to earn a bonus or become eligible for promotion.
- Employee Reward: PwC offers many employee awards that come with specific requirements. I believe the PwC Award for Excellence is one of the most prestigious ones the company hands out to the most deserving candidates.
- Spot recognition: Spot recognition is PwC’s way to thank the workforce for their contributions continuously. This can be accomplished informally, such as with a thank-you note or verbal compliment, or formally, such as by nominating the individual for an employee award.
- Programs for rewards and recognition: Through the PwC Flex Points program, employees can accumulate points for their contributions and exchange them for benefits like gift cards or merchandise. (Source)
Is PwC an appealing place to work?
Well, to be brutally honest – yes!
If you’re looking for further info about working there, I found this Youtube video to give a realistic overview of what it is like to work there: