I have four weeks of PTO at my current firm, but I’m encouraged to only take it in one-week increments and never during busy periods, which is basically half the year. I’m interviewing at a place with Unlimited PTO, but I’ve heard that’s actually a scam where people end up taking less time off because there’s no set balance. I just want a job where I can take two weeks off to go to Europe without feeling like I’m committing a crime. Is unlimited PTO a genuine perk in industry, or is it just a red flag for a toxic culture?

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It’s not a scam but also not a perk. It allows companies to benefit from a timing difference on when wages are deducted and in a lot of states allows them to not have to payout any accrued vacation time/PTO if you leave since it is not accrued.

I would choose accrued PTO over unlimited PTO if I had a choice.

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My company has unlimited PTO. At least at mine, I have taken two 3 week trips over the past 2 years by planning well in advance, letting my manager/team know, and getting ahead on my work. In addition I still take a week or a few days off here or there. So it is a real perk if the company culture is good. I'm not at PwC anymore obviously.

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UPDATE (RE: SoCal Assistant Controller Interview)

So after two weeks of waiting (and giving up on the idea of getting the job really), the recruiter got back to me.

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Not sure if Im hired or not, but are there any questions about the job, comp (cont.)

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