Applying to PwC is similar to applying to other Big 4 (PwC, Deloitte, KPMG, E&Y) accounting firms. The application process is as follows:
- Online application form
- Online aptitude test
- First interview
- Assessment day
Tricky to fill out, there are a lot of questions that need fielding, and your answers have to be quite well focussed. You need to use as much of the word limit given as possible, to maximise the amount you sell yourself. You must use proof read and spell check your work; you are guaranteed not to get any further by submitting an application form with errors. Realistically, set aside a whole day for filling in the application form.
Make sure you print a copy of your application form so you can refer to it before interview.
Online Aptitude Test
I can't actually remember if there was an online test for PwC or not, although I did quite a few as most of the accounting firms, both Big 4 and middle market require it. The tests are sat at home through a web browser and are timed. They are split into verbal and non-verbal sections. The verbal section tests your understanding of text; for example you will read a section of text and then answer questions upon. The key thing here is to infer nothing from the text; base your answers on exactly what the text said, and not anything that you can logically conclude or assume from the text but isn't actually mentioned.
For the non-verbal you will need a calculator and a piece of paper. The questions mostly relate to percentages, fractions and interpreting tables and graphs. Although not everybody is mathematical, if you find you seriously struggle with the maths in this section, you will find the subsequent accounting training too much.
First Interview
Your first interview will be conducted by a member of the PwC graduate recruitment team. Make sure you are prepared for this. Big 4 interviews, although similar to each other, are not 'conventional' interviews, so you will not be asked to talk about previous experience or qualifications. Questions you are almost certain to be asked are:
- Give two examples of situations where you have performed in a team
- Give two examples of situations where you have been a leader
- Why PwC specifically (as opposed to e.g. Deloitte) - My answer to this question would be "Why not, it's No 1".
- What can you tell me about audit?
- What will you be doing in your first year?
- Are you aware of what the qualfication involves?
- What recent developments have affected PwC and the accounting industry? - The answer to this usually involves a discussion on Sarbanes-Oxley and Enron.
- At the end of the interview, you will be asked if you have questions for them.
- Re-read your application form before the interview
- Practice answers to the above questions- know what you are going to say before the day arrives
- Make sure you are aware of PwC contributions to the community and charitable work
- Make sure you are aware of opportunities that are available to you, e.g. secondments, participation in charity work etc, and that you discuss and ask questions about these at the interview.
- Commitment to career - do you know what you are getting yourself into and what is your motivation?
- Respectability - are you the kind of person that PwC would want to be represented by to clients.
If you made it this far, you are doing well. The assessment day is broken down into four main sections.
- Written aptitude test
- Team work exercise
- Lunch
- Partner interview
The team work exercise consists of a simulated board meeting in a company. You are given some information to read prior to going into the meeting, and then further information when you arrive at the meeting. Each person has a specific role in the company, and the scenario is designed to achieve an objective by agreement. The team will be made up of around 8 of the applicants on that day. The exercise lasts about 30 minutes, and you are observed by two members of recruitment.
They are looking for good teamworking skills. You want to be showing a convivial attitude, not too dominating, and not too introvert, i.e. balanced. You sohuld speak when you feel you should make a point, and let others speak when it is their turn to do so. It is absolutely not a competition and treating it as such will probably compromise you.
For lunch you are likely to be taken out for pizza. The PwC favourite is Pizza Express. You will be having lunch with PwC first years, and they can help answer your questions about what it's like to work at PwC. When they tell you the training is hard, and people with first class degrees fail the exams, believe them. It isn't like university, it's much more challenging. Don't drink anything because you may still have to do some thinking on the spot, and you may still have the partner interview.
The partner interview is an interview with partner in the firm. These people are extremely senior, and have the final say on whether a candidate will join or not. They are not interested in technical stuff, the rest of the process should have done this. They are trying to see if you are likely to fit in with the rest of the firm, and whether you are quality enough to be entrusted with clients. You should not try hard to show off, this will backfire. You should be professional yet friendly. Ask the partner what his/her role is, and how it came to be. Make sure you thank the partner for their time.
If you get the job
I got a phone call the day after the assessment day to offer me a position.
ALSO
See the advice on the WikiJob profile, here:
http://www.wikijob.co.uk/wiki/PricewaterhouseCoopers
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Hi all,
I find this a really hard q:
PwC is passionate about providing our clients with exceptional services that contribute to their business success. Please identify a business issue that currently interests you and explain how PwC could potentially be involved. We will be assessing your suggestions of how PwC could be involved rather than looking for in depth knowledge of the business issue that you choose (maximum 150 words).
Please don't script an awnser for me! Any pointers on stories to look for would be great, as an outsider!
J
Hi John and welcome,
It's a tough question. I think PwC want to see evidence of your general commercial awareness (an issue you are interested in) and evidence of the extent of your knowledge of what PwC actually do.
Good examples could be mergers of companies and a discussion of where PwC comes in. Personally, I think the potentially aquisition of facebook/merger/percentage equity purchase by various corporations is quite interresting. PwC could certainly be involved if a company required an auditor to check accounts, or to analyse what exact value of things like facebook is.
I'll think some more about this and get back to you.
Are you applying to London PwC?
GL!
Ed
Hi John,
The trick with this question is understanding exactly what PwC does as a firm and what services it provides.
For example, let's just say a large high street chain is having some profitability issues. PwC could:
If you understand what services PwC offers to clients, then you should be OK.
Hope this helps,
Chris!
Hi, I am struggling on the same question here. If I follow your train of thought, do I need to link it to the Tax department for which I am applying for?
You can mention it specifically if you like, it shouldn't matter. It's more important that you understand the range of services that PwC offer and how these can be used by a client.
With respect to tax, it's pretty fair to say that most companies can benefit from tax advice.
Of course, make sure you don't actually try and give any advice in your answer.
Hope this helps,
Chris.
The PwC assurance program offer the ACCA where as the PwC Advisory program offer ACA (Correct me if I am wrong) so you applied for the PwC advisory program? Itsn't that more like business advisory then audit?
No, not true. The PwC Assurance programme does ACA.