Looking through Glassdoor, I noticed that PwC employees start off with a pretty bad package (50-65k) considering the hours they put in. But once they make manager and director they're pulling in consistently over 150k and upwards of 250k by the time they're director. Why does the pay increase so dramatically and is this doable by the time I'm 30-34?
How To Become A PwC Partner
There are certainly perks to being a partner at a large firm but what does it take to get there?
- Stay on the track for a long period of time. People work their tails off 15 years without any guarantee of ever making partner. If you're set on this track, be ready for a long haul of menial work. Working for a Big4 you are overworked and underpaid the first part of your career. While pay increases substantially upon making partner and a lot of the grunt work decreases, the chances of this ever happening, let alone in your 30s, are extremely unlikely.
- Be able to bring in revenue. Getting to a place where you're generating enough revenue for this can be a long and difficult process few make it to. People often get stuck the rung below or are asked to leave before it can happen. To be successful with PwC you need to be excellent at sales. If you can master this, there's a chance for you to move through the ranks.
Pricewaterhause Coopers has a recruitment video that may interest you.
PwC Audit Partner Salary
Some would argue that the big money days of Big4 are over. Pensions are now capped and partners are often forced into an early retirement.
If by chance the planet does align and make partner, you'll take out your $500K+ loan for your capital account and then you'll ramp quickly. You'll be at $400-$500 in year one and up to $600-$750 by year 3-4.
Read More About Pricewaterhouse On WSO
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