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Company Insight: Private
300 Madison Avenue
New York, New York 10017
Internships are filled for 2008
Undergrad internships (paid and unpaid)
2008: 2,320 (to date)
100% of internships are paid, 0% are unpaid.
2007 interns came from the following classes...
...and from the following majors:
3% Computer Science
0% Liberal Arts
1% Law, healthcare
There is an official summer internship program*
Average summer program: 10 weeks
Minimum: 8 weeks
Maximum: 10 weeks
Average hourly wage: $23.80
Average total intern compensation: $10,345
90% of eligible 2007 interns received full-time job offers
87% of interns with offers accepted
Notes: The internship curriculum focuses on training, career development, and client service activities. Project Belize showcases the firm's commitment to corporate responsibility; Interns will spend a week working with PwC staff/partners to revitalize 4 schools and provide academic support.
Recruited on 200 undergrad campuses in 2007-08.
Made job offers on 200 undergrad campuses.
Applicants for entry-level jobs
2008: 27,088 (to date)
Entry-level hiring is not complete for 2008.
New hires in:
2008: 2,917* (to date)
Entry-level hires who were undergrad interns
2008: 69% (to date)
Most important characteristics for new hires:
3 Communication Skills
1 College Major
2 College GPA
PwC Careers provides entry-level employees with a clearer understanding of expectations for high performance, career path options, learning opportunities, and how their performance is tied to their rewards and recognition.
2007 entry-level hires came from the following majors:
4% Computer Science
1% Liberal Arts
1 Law, healthcare% Other
6*% African American
6% Hispanic American
20% Asian American
35% Total minorities
Notes: PwC participates in the eXceed Scholarship Program, which grants highly qualified freshman and sophomore minority students $3,000, an invite to a 3-day diversity leadership conference, and a guaranteed PwC internship. The largest number of scholarships were awarded in 2008. The company also participates in IMPACT, a high school program that mentors diverse students and helps them prepare for college.
Entry-level hires since Jan. 1, 2008 (to date)
Average base salary:
$50,000 to $54,999
0% earn less than $35,000
0% earn $35,000 to $39,999
4% earn $40,000 to $44,999
30% earn $45,000 to $49,999
29% earn $50,000 to $54,999
24% earn $55,000 to $59,999
5% earn $60,000 to $64,999
1% earn $65,000 to $69,999
4% earn $70,000 to $74,999
3% earn $75,000 and above
Bonuses, Overtime & Perks
93% received signing bonuses
Average signing bonus: $3,761
33% received performance bonuses in their first year on job
Average performance bonus, 2007: $3,663
0% of 2007 entry-level hires eligible for overtime
100% of 2007 entry-level hires not eligible for overtime
Reimburse employees for education expenses? Yes
Do employees become eligible immediately? Yes
Maximum annual education reimbursement: $15,250
Full grad school sponsorship for jr. level employees? Yes
Partial grad school sponsorship for jr. level employees? Yes
Total paid vacation days
Vacation days during first year: 15
Vacation days after one year: 15
Vacation days after three years: 22
Vacation days after five years: 22
Vacation days after 10 years: 22
Total paid holidays: 10*
Paid time off for religious observances and/or floating holidays:
Floating holidays/religious observance days off per year: 2
Paid sick/personal days allowed in first year: NA
Flextime is not an option for entry-level employees
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)? Entry-level hires are given access to a 401(K) savings plan
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%
Are entry-level hires eligible for company funded pension? Yes
Are entry-level hires eligible for profit-sharing program? No
Does company match employee charitable gifts? Yes*
Does company pay relocation expenses? No
Max. annual relocation expenses? NA
Employee Discounts on the following:
Cell phone service
Many retail products, plus Well-Being Rewards, which are awarded for engaging in healthy behaviors and may be redeemed for retail gift certificates or charity donations.
Notes: Since 2003, PwC has had a firmwide shutdown at year-end or over July 4 holiday (as business allows) for up to 11 consecutive days. Since 2004, employees have been allowed to take full or half day off on Fridays after working a compressed workweek.
Matching Gift Program will match employee contributions to certain colleges/universities.
Average entry-level work week: 45 hours
Does average vary by business unit, department? No
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
Typical dress code
Organization sponsors employee volunteer opportunities*
Does organization have fitness facilities on site? Some locations
Notes: PwC offers many opportunities to volunteer with over 70,000 hours donated in 2007, including 54,000 hours in our annual Month of Community Service in June.
The organization has a formal orientation program for new hires
Program length: 15 days
Orientation includes the following:
Team building activities
PwC culture and values, coaching and development, ethics and compliance, line of service technical training, peer host program, New Joiners Circle (affinity group).
$6,000 average spent on training, per new hire, in 2007
There is a formal leadership or management training program that lasts less than a year:
Program Name: Genesis Park*
How do new employees enter the program? Recommended/Sponsored
If not hired directly into program, when are most new hires first considered eligible? After 3 Years
16-week training program
After completion of program, what percentage of employees receive a raise? 75% to 99%
How much is the typical raise: 5-9.9%
There is a formal leadership program for entry-level hires that lasts a year or more.
Program Name: Early PwC International Challenge (EPIC)*
How do new employees enter the program? Apply
If not hired directly into the program, when are most new hires first considered eligible?
Other (explain below)
Must be sponsored
Is program rotational? No
If so, how many locations or business units does the employee spend time at? NA
Minimum rotations: NA
Maximum rotations: NA
Length of program, in weeks: NA
Minimum: 52 weeks
Maximum: 156 weeks
After completion, what percentage of employees receive a raise?: 75% to 99%
How much is the typical raise: 5-9.9%
Does company have formal mentorship program? Yes
100% of entry-level hires participate
12 days of additional training expected
Notes: Genesis Park is a global leadership program open to high performing staff.
EPIC program is for qualified staff who have a desire and committment to gain international. experience. It requires a track record of excellent performance and all necessary credentials. Assignments average 2 years. Other programs include PwC StartRight, which is for diverse talent to support their transition into a professional services environment using technology/video-based training.
Three-year retention rate: 50%
Five-year retention rate: 31%
How are raises determined?
When are most entry-level hires eligible for their first raise?
6 months to 1 year
How are promotions determined?
Other Performance is measured against 10 core competencies. An employee is eligible for promotion after mastering competencies for current level and begining to demonstrate competencies at the next level.
When are entry-level hires eligible for first promotion?
More than 1 year
Frequency of evaluations
Following client engagements; at least 4X a year
Most important characteristics for entry-level hires:
1 Ten core competencies essential to success
Min. tenure in years required for job change: 0.5
Does position of vice president exist at this organization? No
If not, is there a comparable title? Partner
No. of employees who hold VP or similar title: 2,205
No. of employees with VP or similar title with 20 years plus seniority: 885
Age of youngest employee with VP or similar title: 32
Seniority of youngest employee with VP or similar title in years: 11