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2. PricewaterhouseCoopers

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Of the Big Four accounting firms, PwC hired the most new entry-level employees in fiscal 2006.

Undergrad Internships

No. of undergrad internships in:

2005: 2,348

2006: 2,807

2007: 2,882

2006 interns from the following classes:

0% Freshman

2% Sophomores

5% Juniors

70% Seniors

23% Graduates

2006 interns from the following majors:

85% Business

6% Computer Science

3% Economics

1% Engineering

1% Liberal Arts

1% Math

1% Science

0% Undeclared

0% Other

100% of internships paid

0% of internships unpaid

Is there an offical summer internship program? Yes

Average length of summer program: 10 weeks

Minimum: 8 weeks

Maximum: 10 weeks

Average hourly wage: $23.80

Are interns paid on lump sum basis? No

Average total intern compensation: $9,800

88% of eligible 2006 interns received full-time job offers

87% of interns with offers accepted

NOTE: Internship Development Program offered through the Disney Institute provides interns with 4-day curriculum tailored specifically to PwC's environment.

Leadership Adventure is a selective, 2-day early identification program for top college students.

Applicants & New Hires

200 undergrad campuses where employer recruited 2006-07

200 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 20,101*

2006: 25,865*

2007: 27,890*

Entry-level hires

2005: 3,322*

2006: 3,744*

2007: 3,576*

Entry-level hires who were undergrad interns

2005: 39%

2006: 41%

2007: 47%

Most important characteristics for new hires:

3-Communication Skills

1-College Major*

2-College GPA

2006 new hires majored in:

85% Business

6% Computer Science

3% Economics

1% Engineering

1% Liberal Arts

1% Math

1% Science

0% Undeclared

2% Other

...and are:

7% African American

6% Hispanic American

20% Asian American

4% Other

37% Total minorities

50% Female

NOTE: Entry-level applicant and new hire numbers based on fiscal year July 1-June 30.

Prospective hires given behavioral-based interview to determine whether they possess PwC's ten core competencies (which range from contributing to team success to demonstrating change agility); this benchmark also used the partner admissions process.

NOTE: Minority Transition Plan matches minority hires to at least 1 premier client, peer mentor, and partner advocate; provides ongoing guidance during 1st year.

eXceed awards high-achieving minority freshmen and sophomores a $3,000 scholarship, 3-day Diversity in Business Leadership Conference, and PwC internship.

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $50,000 to $54,999

0% earn less than $35,000

0% earn $35,000 to $39,999

11% earn $40,000 to $44,999

36% earn $45,000 to $49,999

37% earn $50,000 to $54,999

9% earn $55,000 to $59,999

3% earn $60,000 to $64,999

1% earn $65,000 to $69,999

3% earn $70,000 and above

Bonuses, Overtime & Perks

89% received signing bonuses

Average signing bonus: $3,300

47% received performance bonus first year on job

Average performance bonus, 2006: $3,600

0% of 2006 entry-level hires eligible for OT

100% of 2006 entry-level hires not eligible for OT

Reimburse employees for ed expenses?: Yes

Do employees become eligible immediately?: Yes

Maximum annual education reimbursement: $10,000

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Is there a Paid Time Off (PTO) Bank? No

If no, total paid vacation days:

During first year: 15*

After 1 year: 15*

After 3 years: 22*

After 5 years: 22*

After 10 years: 22*

Total paid holidays: 8

Time off for religious observances: Yes

If yes, max PTO days:

During first year: NA

After 1 year: NA

After 3 years: NA

After 5 years: NA

After 10 years: NA

Total days off for religious observances: 2*

Is flex time available? No

Sick, personal days, first year: Unlimited*

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? No

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Yes

60 months to full vesting in 401(k)

Max. company match as a percentage of salary: 1.5%

Min. employee set-aside as a percentage of salary to receive max. co. match: 6%

If 401(k) match not calculated as percentage of salary, explain:

Are entry-level hires eligible for co-funded pension? Yes

Months to full vesting in co-funded pension: 60

Are entry-level hires eligible for profit-sharing program? No

Months to full vesting in profit-sharing program: NA

Maternity/Paternity Leave

Maximum Maternity Leave

30* days during first year

30 days after 1 year

30 days after 3 years

30 days after 5 years

Maximum Paternity Leave

15 days during first year

15 days after 1 year

15 days after 3 years

15 days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes*

Max. annual company match for employee charitable gifts: $7,500

Does company pay relocation expenses? No

Max. annual relocation expenses? $NA

Employee Discounts

Car rentals

Gym memberships

Cell phone/service

Insurance

Cultural events

Publications

NOTE: Employees have 10 paid holidays, including two floating days that can be used for religious observances.

Since 2003, a firmwide holiday shutdown has occurred at year-end or July 4 for up to 11 consecutive days.

Flexible Friday hours also available in the summer.

Employees can take part in more than 200 group projects during annual firmwide community service month.

Work Environment

45 hours worked weekly by entry-level hires on average

Does average vary by business unit, department? Yes

Entry-level hire work locations...

100% in open work stations

0% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Does organization monitor e-mail?: NA

Does organization monitor Web usage? NA

Typical dress code

Business Casual

Formal/Business

Does organization sponsor employee volunteer opportunities? Yes

Does organization offer employee daycare? Not offered

Does organization have fitness facilities on site? Some locations

NOTE: Emergency Backup Care Centers in 11 markets when regular childcare falls through; 20 uses per year free of charge. Also, reimburse backup care of own choosing; $50/day max of 20 weekdays & unlimited weekends per year.

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 15

Orientation includes:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Line of service technical training, Culture and Values course, Peer Host Program, New Joiners Circle (affinity group).

$6,000 average spent on training, per new hire, in 2006

Is there a formal leadership program for entry-level hires of a year or less? Yes

Genesis Park

Do candidates apply directly? No

If not, how is eligibility determined? Business units nominate staff

When are new hires first eligible? After 3 Years

Is program rotational? No

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 22

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: 100%

After program, do employees offered permanent position receive raise? No

If yes, amount of typical raise: NA

Is there a formal leadership program for entry-level hires of a year or more? No

NA

Do candidates apply directly? NA

If not, how is eligibility determined?

NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Does company have formal mentorship program? Yes

100% of entry-level hires participate

12 days of additional training expected

NOTE: Genesis Park is a global leadership development program with 5-month residency in Washington, D.C. or Berlin.

Getting Ahead

Three-year retention rate: 58%

Five-year retention rate: 31%

How are raises determined?

Performance

When are entry-level hires eligible for first raise? One-year anniversary

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion? Less than two years*

Evaluations

Frequency of evaluations

Quarterly*

Important qualities

Other-Performance against ten internal core competencies.

Min. tenure in years required for job change: 0.5

Describe any rules that apply:

Long-Term Prospects

Does position of VP exist at this organization? No

If not, is there a comparable title? Partner

No. of employees who hold VP or similar title: 2,160

No. of employees with VP or similar title with 20 years plus seniority: 865

Age of youngest employee with VP or similar title: 32

Seniority of youngest employee with VP or similar title in years: 11

NOTE: Partners and principals are owners of the firm, not employees.

About 47% of entry-level hires are promoted in less than two years.

Entry-level hires are formally evaluated at conclusion of each project or a minimum of 4 times per year.

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