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Hi Sharks
I have cleared the all interview round of Tata Consultancy
Today i got call from HR she said your profile is on hold due to budget issue.
My problem is thats I have not yet resigned from my current job and Due to 3 months NP none of them ready to take my Interview.
Feeling Demotivated now after TCS ' HR call.
TechStack : .net core + Angular.
Money and power (and fear) wins again.
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My take is that PwC has a very strong assurance and tax practice (maybe even transactions), but they have no idea how to run an advisory business. This is even before they bought Booz & Company. You just can't expect to grow an advisory business inorganically over night by buying out companies. The cultures are just too different. We saw that with PRTM, with Diamond and now with Booz.
Comments made by the PwC leadership just do not inspire confidence.
I agree with what Slalom 1 said above
PwC5 you are an example of what is wrong with PwC. You keep going on the defensive about PwC without making proper arguments.
Let's talk about C1 conflicts for example. At least in R&C about 60% of our clients were lost overnight because PwC either audit them or want to sell audit work to them. As a result we've had to start from scratch. Literally from nothing. Strategy consulting clients don't get built over night. It takes years of relationship building, investments and proven value before C-suites start to trust you with their most challenging problems.
Instead of trying to truly understand how a strategy business should be run you focus on nonsense like partner utilization. Utilization as a primary (note primary) target works well for a commodity business like IT implementation but not for a strategy business. Ask any of the people from MBB if they even know what their utilization is.
Anyway there is very little point trying to explain as most of us are on our way out anyway. Adios!!!
Heard the same. Spreading rumors 101 being taught by S& OP
Because PWC is an arrogant bunch of do the status quo. They are auditors masquerading as consultants.
I heard their comp packages are around $350. Can anyone confirm?
Yep at least 15%
I've been amazed at how reluctant PwC partners are to bring new ideas to the table. If you have a PwC account that has been milking some VP of tax for 30 years they are incredibly reluctant to bring us to a meeting or introduce us for a higher level conversation. Makes cross selling incredibly difficult and slow.
Like.... who? What practices? IP? R&C? TICE? Legacy Booz, Diamond, PRTM?
If the last 3 years has been an indicator S&... #whatdidwebuy #onlythebottomthirdstayed
Most in RA are assembly line audit workers. The others pretend to be/wanna be advisory types.
^this, I think we can all agree upon without much controversy
I think it has a lot to do with the incentive structure as well - there is not an easy way to share credit and no mechanism to encourage sharing of credit / teaming (e.g., if you have 7 or more partners on a sale you get 125% of the credit). So account teams kind of hunker down and avoid rocking the boat
@pwc3 Booz lost nearly half clients due to channel 1 conflicts - it is still incredibly difficult to sell to anyone that has a whiff of audit potential
^
Yes, ciao!!
I know of at least seven partners - some big names
Yep, heard the same... PwC laying off some low performing S& partners
Perhaps that means we can finally get traction for our poor directors who wait an eternity to make partner. I'd call that healthy.
I only know of a few so far, but yep it's happening
Fwiw that makes sense. Most of my experience at the D,MD,P level has been that they were DOA. Many were just trying to squeak by for the earn out. I believe there is good talent out there below that level and in pockets at the more Sr level as well but it's probably time for to cut bait on much of what is there.
We probably should have learned from IBMs mistake when they bought and slaughtered PWC Consulting. Sometimes better to start small and learn the basics first...
Worst is Risk Assurance partners. Low IQ and suck.