What it Does: PwC, as a business advisory organization, provides strategy management, accounting, auditing, taxation, and human resource consultancy services for their clients. PwC clients cut across various industries such as insurance, hospitality, defence, energy, aerospace, health care, banking, automotive, consumer markets, transport, etc.
Mission: PwC aims to significantly contribute to economic advancement and provide an unequalled level of service through implementing fair, thorough, and top-notch audits established on creative teamwork and transparent leadership.
Size and Presence: PwC is one of the largest business advisory firms globally and employs more than 295,000 employees across 156 countries around the world.
Best Known For: PwC is best known for providing top-notch services in the corporate finance sector. Their expertise covers tax analysis, audit, risk management, business compliances, risk security, and other kinds of services that are provided by the industry leaders in the finance niche.
The Good Bits: Numerous employee benefits. Sound welfare. Great work environment.
The Not So Good Bits: Excess work hours. Poor work-life balance. Working during weekends.
In 1849, an accountant named Dangle Lowell Price established a practice in London. In 1865, he partnered with Edwin Waterhouse and William Holyland. Shortly after, William Holyland broke out and practised alone. In 1874, the firm was named Price, Waterhouse & Co.
In the late 19th century, this firm gained prominence and expanded into the American market by opening a new office in New York. Another office was opened back in England, in Liverpool precisely. The firm established distinct partnerships in several countries and became a union of partnering firms instead of the outcome of an international merger deal.
In 1998, Price Waterhouse had a merger deal with Coopers & Lybrand, and the name was rebranded to PricewaterhouseCoopers (PwC). This merger resulted in the company having a large branch for professional consultancy.
Since then, PwC has been on a spree of international expansion and strategic acquisition of companies to broaden its reach and presence globally. Today, PwC is one of the largest business consultancy firms in the world.
PwC is an employee-centric organization. The company supports and encourages the personal and professional development of its employees. The company's culture is steeped in a collaborative work environment where knowledge and ideas are shared.
PwC welcomes different perspectives, ideas, and people, making it an inclusive and diversity-friendly organization. They also welcome the feedback of their employees, encouraging staff members to find their voice and contribute to the decisions made. This is the perfect place for interns and fresh graduates to begin their careers. They learn and grow as they work.
PwC has a clearly defined career path, enabling one to progress in their chosen career swiftly. So fresh graduates looking for a strong start to their career will typically spend a maximum of 3 years at a certain level. PwC encourages growth, so if one aims to make partners, that's achievable.
PwC's hiring process for freshers consists of multiple stages, and though they vary depending on the country, there are common denominators in the recruitment process. They include:
The average yearly salary for a fresher in PwC is INR 7,89,089.
PwC has been paying its dues when it comes to social welfare. In 2013, PwC India donated a minimum of 2% of its annual net profit to the implementation of several projects through its philanthropy arm, PwC India Foundation. They are focused on identifying and sustaining activities in alignment with Sustainable Development Goals. PwC has positively impacted several lives.