PricewaterhouseCoopers
Headquarters:
300 Madison Avenue
24th Floor
New York, NY 10017
Employees: 146,767
CEO: Samuel DiPiazza Jr.
Website:
http://www.pwc.com
Company News
Career Page
PricewaterhouseCoopers is the world's top
professional services firm with 766 offices in 150 countries.
The firm has industry-focused services
in the fields of audit, tax, human resources, transactions, performance
improvement and crisis management to help address client and
stakeholder issues. PricewaterhouseCoopers has clients among
422 of the top Global 500 companies.
Employment has increased at the company
by 3% in 2007. The company reports 8,578 partners, 108,926 client
service staff and 29,263 practice support staff. The location
of employees is: 41% in Europe, 26% in North America and the
Caribbean, 16% in Asia, 6% Middle East and Africa, 6% in South
America, 5% in Australia and Pacific Islands.
Women make up 51% of client and support
staff but just 13% of all partners.
PricewaterhouseCoopers reported a turnover
rate in 2007 of 16% among client service staff, 10% in practice
support staff and 3% among partners.
PricewaterhouseCoopers global firms had
fiscal 2007 revenues of $25.2 billion, up 10.5% from the previous
year. Western Europe generated $10.7 billion in revenues and
North America and the Caribean made up $9.0 billion in revenues
for 2007. Asia generated $2.49 billion.
History
PricewaterhouseCoopers was created by the
merger of two firms - Price Waterhouse and Coopers & Lybrand
- each with historical roots going back some 150 years. Set out
below are some key milestones in the history of both firms.
- 1849
Samuel Lowell Price sets up in business in London.
- 1854
William Cooper establishes his own practice in London, which
seven years later becomes Cooper Brothers.
- 1865
Price, Holyland and Waterhouse join forces in partnership 1874
Name changes to Price, Waterhouse & Co.
- 1898
Robert H. Montgomery, William M. Lybrand, Adam A. Ross Jr. and
his brother T. Edward Ross form Lybrand, Ross Brothers and Montgomery.
- 1957
Cooper Brothers & Co (UK), McDonald, Currie and Co (Canada)
and Lybrand, Ross Bros & Montgomery (US) merge to form Coopers
& Lybrand.
- 1982
Price Waterhouse World Firm formed.
- 1990
Coopers & Lybrand merges with Deloitte Haskins & Sells
in a number of countries around the world.
- 1998
Worldwide merger of Price Waterhouse and Coopers & Lybrand
to create PricewaterhouseCoopers.
- 2002 - PwC Consulting, the management
consulting division, was sold to IBM for over $3.5 billion.
Benefits
Holidays - 10 paid holidays each year
Vacation Time - Non-management workers get 15 days per year,
22 days after 2 years; Managers get 22 days per year
Health Care Coverage - Medical, dental, prescription coverage
Flexible Spending Accounts - Up to $5,000 per year tax-free
Family and Personal Sick Days - Paid sick leave for 5 days or
less then short-term disability kicks in
Adoption Assistance Program - Up to $5,000 in adoption expenses
New Mom's Lactation Program
Leaves of Absence - Up to six months available
LifeBalance OneSource\
Emergency Backup Care Reimbursement Program
Emergency Backup Childcare Centers
International SOS Program
Life and Accident Insurance
Personal Liability Umbrella Insurance
Wells Fargo Mortgage Program
MetLife Auto and Home Insurance Program
Disability Income Coverage
Wells Fargo ConSern Education Program
Long-Term Care (LTC) Insurance
MetLaw Legal Plan
Retirement Benefit Accumulation Plan
(RBAP)
- Automatic enrollment on the first of the month coincident with
or following your date of hire
- Credits made by the firm to your plan account equal 5% (Managing
Director level staff: 8%) of your eligible compensation each
pay period (IRS limits eligible compensation to $205,000)
- Direct the investment of your account among the available investment
options
- 100% vested after five years of service
- Withdraw your vested balance if you leave the firm
401(k) Savings Plan
- If you are at least 21 years old, you can participate in the
401(k) Savings Plan on the first of September coincident with
or following your employment date.
- Save from 1% to 100% of your eligible compensation on a pre-tax
and/or post-tax basis (IRS limits annual pre-tax contributions
to $12,000 and limits eligible compensation to $205,000)
- Receive firm matching contribution equal to 25% of the first
6% of your eligible compensation
- Invest your savings in a variety of investment options
- Vest in firm matching contributions - 20% after two years of
eligible service, 40% after three years of eligible service,
60% after four years of eligible
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