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Hiring Watch: PwC Boston

Posted on by Caleb Newquist

~ Update below includes a few more specifics provided by a PwC spokesman. 

What's this? A report about an accounting firm moving into a larger office space and hiring more professionals and NOT some insufferable trend piece about people studying for an exam at the beach? Incredible!

Yes, in this little blurb from the Boston Globe about Papa Whiskey Charlie moving to Seaport Boulevard in 2015, we learn that the firm will be expanding a bit:

The deal will help the accounting giant, known as PwC, add another 500 employees to its Boston operations, bringing its total head count in the city to 3,000. The firm, currently located in the Financial District, will be one of the largest employers on the waterfront, which has continued to attract businesses that want to be a part of its rapid growth.
 
“It’s the new hot spot in the city,” said Barry Nearhos, managing partner for PricewaterhouseCoopers in Boston. He said the $265 million building, to be developed by Skanska USA Commercial Development, will allow the company to modernize its office layout, upgrade technology, and add amenities such as a 4,000-square-foot terrace overlooking Boston Harbor.

PwC Boston is best known for housing the compliance wizards of Mitt Romney's tax returns, but you may also remember that they throw a WICKAD HAWLIDAY PAHTEE. So if all that and a 4,000-square-foot terrace sounds good to you, then get your resume together.

UPDATE: A few more details on these jobs: PwC spokesman Chris Atkins informed us that these new employees will be added from now utnil the move into the Seaport location, "will include a mix of campus and experienced hires at all levels and across all lines of service." It's a FREEFAHALL!

PricewaterhouseCoopers to move to Seaport tower [BG]

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Are Ernst & Young and PwC Neck and Neck in the Compensation Race?

From the mailbag:

I heard some scoop and wanted to share with my fellow indentured servants in the big 4 field. Word on the street is that P-dubs gave 10% raises to staff 2s becoming senior 1s (early promote) and 16% raises to staff 3s becoming senior 1s.

However, P-dubs doesn’t hand out the 5k bonus that Uncle Ernies offers to its staff 2s becoming senior 1s. I’d like to see how EY will top this, per an earlier promise from a partner that EY raises will be higher than P-dubs (maybe can some low performing partners?). In addition, the variance between average performers and high performers at P-dubs is only .6% (not significant at all).


If you forgot what this is referring to, back in April we reported a tip out of the Ernstiverse that a partner had claimed that the raises at E&Y would beat PwC’s. The reports out of PwC have been better than expected, although not for everyone.

So if this partner’s prognostication holds up, how will they pull it off down the stretch? Seems like a good question. Conversations are going on right now and the official news will reportedly be out in a couple weeks.

Since we’ve got half of the Big 4 involved here we’ll just mention that the belly aching at KPMG is in full force on the bonus front but maybe there’s hope for a strong move down the stretch?

As for Deloitte, apparently communication has occurred for promotions but it sounds like word on comp could be more than a month out. If you’ve got the scoop get in touch with the details and discuss this four horse race but as it stands right now, it looks as if PwC has E&Y by a nose.

Just When You Thought All Hope Was Lost

A Festivus miracle! After we raised concerns last month that the likelihood of any PwC office having a Christmaskuh bash was nil, we’re now aware of at least one jamma-lamma-ding-dong:
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Okay, it’s just the tax practice and it’s only two hours but hey, it beats the hell out of an ordinary Tuesday. Those in the audit practice will just have to crash the thing.
A word of caution however: with everything that’s gone on up in Stamford don’t knock back the Glens or white wine with anyone you don’t trust. Who knows what somebody is dropping in your cocktail.