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Pwc salary structure? Benefits
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Utilization rate this time of year?
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PwC seems to have the unique ability to plunder its employees while simultaneously convincing them that they are better off for it.
I don't think any other B4 firm has mastered brainwashing quite like the dubs.
Depends on the situation, I was less than two to senior and another 2 to manager. /shrug
Rising Star
The thank you bonus and prepandemic bonus pools mean they worked everyone to the bone and made a crap ton of money this year by cutting out all the other stuff having to do with genuine in person interaction. The realignment just shows you it’s true what audit partners have always said - this is an audit firm that also does tax.
Rising Star
The new Ps will be from acquisition. No way they can make 1000 new partners in 3 years without going outside the firm.
I think it’s your leave talking but congrats, enjoy the extra buck and time off
Quite possible haha but at the end of the day we did get more than any of the other big 4
I'm happy you enjoy your job, but KPMG also announced similar increases in comp on Friday last week. So the "literally no other competitor has even thought to do this" isn't right. I wouldn't be surprised if leadership from all of the Big 4 sit in a meeting together and discuss their moves, because they all seem to roll out the same thing at the same time.
Pro
Except for unlimited PTO apparently 🙃
PwC isn’t the only person to hand out money, the only thing they’ve got is the PTO incentive. I’ve gotten like 5K in bonuses/WFH stipends during COVID from KPMG and Deloitte had bonuses/mid year comp adjustments over a year ago. EY is the only one that’s just meh.
Pro
Yes to all other big 4 firms outdoing EY. Regarding my sample of 1, everyone already at EY received the same as I did for 2020. Only outliers are people who were new hires and may have negotiated a bonus or those who passed their exams within a certain timeframe. In January 2021, staff and senior manager received 2% (maybe 2.5%) raises and seniors and managers received 5% raises. No cash bonuses yet.
Geez I want to jump ship to switch service line and these benefits are low key making me want to stay and work out an internal transfer somehow.
What on earth were they paying you for you to get. 65% pay bump? Either you landed literally the dream job or you were grossly underpaid - either way feels like this isn’t the norm
Respect.
I didn't understand what is happening from a reorg perspective but I agree PwC is a great place to work
Lol this was the firm slogan when I joined 😂
Can i ask what your utilization is this performance year?
Pro
I’m not in deals lol I’m an audit senior 1 making like $70K 🥲
Rising Star
Whats the amount of money you are referring to? Just one $1k?
My deals group is losing people weekly. I think we’ve lost a quarter of the group in the last year. We’re turning away work, and borrowing resources from audit who have no deals experience. People are running at 150% utilization. Yet we also have people in this firm who have 50% utilization getting the same bonus which I think is the crux of people’s unhappiness. Individual effort and impact has not been recognized or rewarded. We’ll see how they differentiate bonuses this CRT among the various tiers. If they don’t want to pay for talent then talent leaves and at scale it quickly becomes the firms problem.
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