The highest-paying job at PwC is a Chief Executive Officer with a salary of $435,115 per year (estimate). The lowest-paying job at PwC is an Office Clerk with a salary of $42,269 per year (estimate). PwC employees attributed a compensation and benefits rating of 3.5/5 stars to their company.
Our advisory practice, which comprises Deals and Consulting, is the partner of choice to assist global and local clients and governments to design, manage and execute lasting change, based on trusted relationships, deep industry knowledge and professional experience.
PwC is an absolute behemoth - prestigious, mystical, and totally confusing to the outside observer. The firm has a 160+ year legacy, and a brand that is cobbled together from so many pasts that it's hard to tell which way the firm is headed.
Average PwC Partner yearly pay in the United States is approximately $277,533, which is 222% above the national average.
Grow and develop through five levels. You can expect a clearly structured career path and rapid career progression. Typically, you'll spend 2-3 years at each level (Associate, Senior Associate, Manager and Director)* as you progress towards Partner.
The highest salary for a partner is $3.675 million. The highest salary is most likely the CEO of PwC Australia. The newest partner at PwC Australia can expect to make $340,000.
Deloitte and PwC are described as more competitive.
The three consulting firms widely regarded as constituting the Big Three, or MBB, are McKinsey & Company, Boston Consulting Group, and Bain & Company.
Companies that hire consultants generally believe that the consultants can help solve a problem for them – and maybe even help them make more money in the long run. That's why they're willing to pay consultants more than tax and audit professionals.
A consultant typically solves specific, granular problems for clients that result in substantial impact. On the other hand, an advisor often has a longer-term involvement with the client, and depending on the expertise of the advisor, may be involved in a broader range of issues.
In 1998, Price Waterhouse and Coopers & Lybrand merged to form PricewaterhouseCoopers (written with a lowercase "w" and a camel case "C").
However, the Big Four's consulting or advisory practices encompass many different things. In addition to management consulting, advisory includes technology consulting, financial advisory consulting, and risk and compliance consulting.
Sometimes that information reaches the public, however. PwC, for example, was mentioned in a Times article last year as having an acceptance rate of around 2.5% in 2022, presumably in the UK. That was based on 304,000 applications to 7,400 open positions, more or less on par with what a big investment bank receives.
Consultants usually earn more annually than advisors.
MBB consulting firms (McKinsey, BCG and Bain) – the highest-paying consulting firms - offer even better salaries and perks for consultants than the Big Four.
Advisory over audit: Combined revenue of the Big 4 by audit and advisory. In 2023, Deloitte, PwC, EY, and KPMG generated 66.5 billion in audit and assurance services and a staggering 95.4 billion in revenue from advisory services.
The Big 4 firms have a well-defined and structured career progression path that typically consists of four levels – Associate/Staff, Senior Associate, Manager, and Partner. Each level is associated with a set of responsibilities, expectations, and corresponding salary ranges.
PwC Finishes First In Vault's Accounting Firm Prestige Ranking For the Gazillionth Time (2023) Another year, another first-place finish for PwC in Vault's ranking of the most prestigious public accounting firms.
PwC and EY are at a similar level of prestige. Both PwC and EY offer strategy and operations consulting services, with the firms using acquisitions to bolster their strategy offerings. Specifically, PwC acquired Booz & Company (now “Strategy&”) and EY acquired Parthenon Group (“EY-Parthenon”).
McKinsey's recruiting process is one of the most competitive in the world. The firm typically hires candidates with Ivy League backgrounds and/or prestigious work histories. McKinsey is also known for pioneering the recruitment of advanced professionals with non-business degrees to its consulting teams.
The average PwC salary ranges from approximately £26,967 per year for Administrator to £92,818 per year for Senior Manager. Average PwC hourly pay ranges from approximately £9.80 per hour for Disability Support Worker to £13.88 per hour for Intern.
note: This article was originally published on September 11, 2024. Layoffs are underway as of October 8, we'll update with more information when we have it. According to exclusive reporting by Mark Maurer at WSJ, PwC will be laying off about 1,800 people, or about 2.5% of the workforce. That's PwC US, guys.
The average salary for a Partner is $406,391 per year (estimate) in Los Angeles, CA, which is 17% higher than the average PwC salary of $345,117 per year (estimate) for this job.