PwC Promotion/ Comp Structure
I'm a undergraduate student starting at PwC in a year. I recently accepted a position in MC for 70k + 5k signing (I also had a TC offer for 70k + 10k signing that I gave up because I liked the MC group better). Been trying to understand how promotion/ compensation works at PwC. How long does it take between each level/ what do year end bonuses look like/ how much of a salary bump is reasonable to expect yoy? Are associates eligible for bonuses? I heard it was based on a 1-5 rating scale, any insight into that? Just trying to be realistic with my expectations!
Thanks!
These are the levels, typical time at that level, and max bonus (depends on rating and performance of your group) Associate - 1 year - 15% Experienced Associate - 1-2 years - 15% Senior Associate - 2-4 years - 20% Manager - 3 years - 25% Director - the "parking lot". Making partner typically requires several years of top performance (i.e. sales of $3-5M). 35%
Glassdoor should give you a good sense of compensation at each level.
Thank you, the numbers were really helpful!
The raises are usually pretty small within levels (5-10% ish) and a bit larger when you get a bump up a level. If you perform at or a little above expectations I would expect 5-7% the first year.
Do you know if 70k base is standard this year across all PwC Advisory? I'm referring to across all horizontal groups - Strategy&, MC/RC, and TC
bump
which city is this for? I know some locations where starting in MC will get you only 60k-65k. bonus is usually 1-3months depending on perf
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