Although the founding firms behind PWC have a long history, its recent actual form was created in 1998 with a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse.
The name was shortened to PWC as part of a branding effort.
PWC or PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY, and KPMG.
The company’s firms are in 157 countries, across 742 locations, with 284,000 people. As of 2019, 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe, and 5% in the Middle East and Africa. The company's global revenues were $42.4 billion in FY 2019, of which $17.4 billion was generated by its Assurance practice, $10.7 billion by its Tax and Legal practice, and $14.4 billion by its Advisory practice.
PWC also comes under the list of Fortune’s 100 best places to work for. It is because of the company’s culturally rich environment, its employee-friendly policies, and the amount of good corporate exposure and opportunities that it can provide to its workers.
One of its major USPs is employment flexibility. It gives its employees several benefits such as flexible working hours, self-scheduled leaves, and most recently, the option of working remotely.
In fact, In 2021, PWC became the first consulting firm to allow all of its 40,000 client service professionals to work virtually from anywhere in the world.
You can apply for a job at PWC by creating an account on their personal system Workday and submitting the application. The application can be tracked through the same system.
If the application is submitted, you will get an email invitation to enjoy a quick and enjoyable set of games meant to test some basic logic skills. It takes at most 15 minutes.
After the game assessment, you will be contacted by a recruiter for a video interview. You can schedule the time and place of the interview at your convenience and the pace of the conversation shall rest upon you.
The assessment center is a full-day event consisting of 2-3 stages. It comprises group activities, exams, and small rounds of interviews. It’s basically to test the candidates on a wide range of skill sets. And you also get to meet your potential future colleagues.
Interview with manager or partner
This is basically the final one-to-one interview that decides your potential fate at PWC. The interview is designed to analyze your skills, behavior, conduct, and compatibility. You will also be asked about your motivations and aspirations, and you’ll need to prove that you are ambitious about the business world and working as a PWC professional.
If you are offered a position, you will be invited to join the Portal Look Inside for new joiners to learn more about the company culture, your colleagues, and how your first few weeks or months can be at PWC.
There are generally 4 rounds of interviews including the very first contact you make with the recruiter. (If you applied through the website, then there are 3 interviews)After the first contact, the following rounds exist:
This is basically the pre-screening step of the process. In this interview, you can present your skills and achievements more interactively than that presented in your resume.
This is a screening process that lasts a whole day. It will include interviews with different people, some group activities, and written tests.
This is the final one-to-one interview with your manager(or partner). Here’s where you will be closely analyzed to confirm if you will be the perfect fit for the position based on your skills, attitude, personality, and future goals.
Q-1 What are your major achievements to date?
Ans- This question is majorly asked to analyze your competencies and your ability to pinpoint your own strengths. However, refrain from answering achievements like, “I was the president of the finance society at my college”.
Instead, frame your achievements as a process that you undertook and executed with an effort on your part.
For example, the above example could be framed as, “I was a rather shy student in the college but I worked on my social skills, and kept enhancing my knowledge and ultimately became the president of the finance society of my college”. Remember, PWC likes people who are adaptable to change and can embrace challenging situations.
Q-2 Have you ever led a team? How was the experience?
Ans- If there is one thing common in all the big 4s, it's that they all want leaders! You can expect this question in all the Big4s interviews. Approach this question by illustrating YOUR role in your previous team projects. Illustrate how you tackled the common challenges of team building, and how you established authority and smooth communication.
Note: Don’t talk about what your team did to achieve their goals. Talk about what you did to help your team achieve those goals.
Q-3 How do you think will be your first year at PWC?
Ans- ‘As clients go into administration, some of us may conduct research to help them rearrange or sell parts of their business. A number of others will be preparing documentation and presentations on such things as sector surveys.
Graduates will interview company staff for audits. Several of these tasks will overlap, but each will be distinct between divisions and their subdivisions.’
Basically, you must show that you have done your research and are enthused about joining the company. Confirming this is the purpose of this question.
Q-4 Have you ever had to deal with a difficult person? How did it go?
Ans- Note: Don’t complain about the difficult person.
This question is actually meant to understand your diplomacy and your conflict-resolution skills while managing a working role. These situations typically arise when a conflict arises between two groups because of a single person. So when you tell them about any specific incident from your past regarding a ‘difficult person', focus on the conflict that arose, and how you solved it.
Q-5 Pick any latest piece of financial news and let me know your opinion on it.
Ans-In the end, this comes down to research. Find a news story that relates to the division you're applying for and do some thorough research on it. It makes no sense to discuss PwC's findings on electricity consumption in the UK if your work has nothing to do with energy. Be prepared to back up whatever you say with evidence and further examples if you decide to discuss the financial implications of the news story you've chosen.
Remember though, for extra brownie points, discuss a topic that has ramifications for the business markets that PWC works in.