Thinking about switching from EY to PwC. Which firm do you think is better and why? I keep hearing good things about PwC regarding pay/benefits, career development and culture. EY's system of giving rating/raise seem really unfair and flawed. People keep saying its all due to a "bell curve". I worked really hard this past year and my rating/raise didn't reflect that at all. Employees who deserve 4-5 (same as PwC 1-2) get pushed down to 3s while 2s are easily pushed up to 3s!!!! And when it comes to pay, they get the same raises!!! How is this fair?!?! And I heard PwC offices are closed for 3 weeks in December. Do you really take off or do some people end up working from home? How hard is it to get 1 during round table?
I have worked at both firms and know many people that work at other big 4. All of them have a bell curve that they are forced into at the end of the performance year. PwC only closes for 1 week in December. It is just as hard to get a 1 at PwC as it is to get a 5 at EY. Below manager, much if your rating is based on utilization. If you want a better rating, it is not just about working hard. You need to be involved in other activities and work like you are working at the next level up. Unfortunately a bit of your rating is also dependent on your career advisor and how hard they are willing to fight for you. You need good champions and mentors that are willing to go to bat for you.
Rock solid feedback
We do have holiday shutdown and it does shut down - At PwC I have never had to work from home. We do not have round tables anymore. It is an awesome new system where we request snapshots for real time feedback on projects etc then that is collected and evaluated in addition to you going a personal snapshot . It is all done by an app on your phone and you can see your progress and what you should focus on for development
Note - it doesn't shut down for everyone. Yes the office is closed but to the extent you have clients with 12/31 deadlines (i.e. Tax projections to determine if payments are to be made before year end) you obviously have to work and be on call. I've received emails on Christmas and logged onto my computer / taken calls during the "holiday shutdown."
And there is also still round tables once a year at PwC they just happened in June.
also it's 2 weeks for Christmas and not 3 weeks. we have to use part of our vacation days for those 2 weeks.
The round tables are not like they used to be- Ey's process was similar to ours when we had PFFs . There are instances where you will have to work, but the majority are off.
I have worked at both firms, and I can say that from a compensation perspective, PwC is way better. The bonuses are a joke at EY in general, and EY pays what I'd say is 5-10% less in base pay.
It will be the same
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Welcome to corporate America... If you don't have support you can do back flips and you won't get 1 rated. It's all politics and who knows you or don't . I d stay where you are and network.