Career Prospects at PwC Australia

At PwC you can move up the ranks based on tenure or performance. Typically individuals will be promoted every 2 years. Individuals need to have demonstrated that they meet or go above the 5 PwC professional framework for their rank when promotion cycles come around.

Have to wait 2 years to be promoted, some earlier opportunities to get involved in other more senior roles such as committees.

Slow progression through each grade as time in grade is the main driver for promotion. Promotion also encourages employees to contribute through alternative activities such as clubs, market research, presentations etc.

Promotions below the Director level are typically handled within each employees' yearlong performance review process. If one were aiming for promotion, one would start this conversation with their manager early in the financial year, and work throughout that FY to demonstrate they are already operating at the level to which they aspire in most if not all areas. The employee, their manager, and the Partner responsible for both will meet shortly after the end of the FY to discuss the employee's performance and whether promotion is warranted. In addition to performance throughout the preceding year, an employees' amount of time in their current grade and any other relevant skills, experience, or qualifications they possess are also considered. An employee with more time in grade and/or additional relevant skills, experience, or qualifications will generally be promoted a little faster than normal. All things being equal, promotion from Consultant to Senior Consultant generally takes between 1 and 4 years, with subsequent promotions requiring equivalent or lengthier periods of service before promotion can be realistically considered.

My team makes it a strong priority to track your progress and vouch for career progression after the grad year.

I feel as though the line of promotion is very clear through the firm, and I know what is expected for me to make senior associate in a couple years.

Unlike other companies the progression opportunities are outlined specifically. Having a level of certainty about progression is a big advantage.

Promotion here requires time, and is assessed annually near the end of financial year. Scores are assigned to grade employees work over the year, and promotion is considered from a combination of this review, and the amount of experience a person has. To move up here, doing good work is not enough, your work needs to be visible so it's counted in the performance review

Quite competitive and limited opportunities

I hope they're good...

Seems that there are opportunities to move up the ranks quickly.

There is an opportunity to progress fairly quickly. Each team has specific criteria that an individual needs to meet in order to move up the ranks. Generally speaking, you can get promoted to each level every 2-3 years up until a senior manager/director level where it can get a bit tougher as you get closer to partner level.

Unfortunately, won't be able to experience those given that I have been moved to Scyne Advisory.

It is expected that we move up the ranks but I do feel like it will take longer for me because Im not prepared to stay back until 10pm and work weekends and consider it 'normal'. Ill stay back if something is urgent but not just because it looks good

Clear progression available up the ranks, pay and promotion is very transparent. Personally think it may be a little slow for my liking but theres also plenty of opportunities available that aren't just promotion ie secondment.

Hierarchy progression, can move to other teams

Working at a big four accounting firm will give me plenty of opportunities in industry if I choose to go down that path. The promotion process is also very transparent so I know exactly when I will be promoted to Senior Associate, Manager etc. which I think is great. So knowing this progression, I feel motivated.

The company supports you and aids you in how to go about progressing to the next grade. Very supportive of your growth and development within not only the team but within the whole company if you wish to move teams.

While career progression is good, promotion times for associates is time-based and therefore ALL associates will get promoted at the same time. It's resulted in a lot of the top associates feeling de-moralised, as they have been working hard, while associates who "coast" will still be rewarded at the same time.