About PricewaterhouseCoopers Advisory Services LLC (PwC Advisory Services)

Getting back into it
Big Four accounting firm PricewaterhouseCoopers has been steadily building its consulting practice in recent years, following the sale of its original consulting wing to IBM in 2002. These days, PwC's management consulting operations focus on operations, finance, organizational strategy and structure, process improvement, human resources effectiveness, technology integration and implementation, risk mitigation and crisis management.

The firm's offerings and expertise expanded late in 2010 with the acquisition of Diamond Management and Technology Consultants. That move brought over 500 experienced consultants into the PwC fold. But while its independence may be gone, the Diamond brand lives on: the unit is officially known as PwC's Diamond Advisory Services, and the company's DiamondExchange thought leadership program was rebranded as PwC's DiamondExchange. Even the leadership remains the same: former Diamond president and CEO Adam Gutstein stayed on to lead the team under PwC's aegis.

One firm, many members
PricewaterhouseCoopers LLP is the U.S. member firm of PricewaterhouseCoopers, a global network of independent member firms. Today, the PwC network comprises more than 160,000 people in 151 countries and territories. This international group was created in 1998, with the merger of Price Waterhouse and Coopers & Lybrand, two accounting and professional services firms that date back to the 1800s. Both Price Waterhouse and Coopers & Lybrand began in London, and both grew their global presence organically and through mergers.

PricewaterhouseCoopers LLP is headquartered in New York and boasts a further 72 offices across the United States. The firm serves 75 percent of the companies on the Fortune 500-29 percent as an auditor, and 46 percent in other capacities, including consulting. (Professional services firms are prohibited from performing auditing and consulting work for the same clients.) While each member firm operates independently within its own geographic locale, there is a considerable amount of cooperation and networking between them, ensuring that the global network of firms works as both a global entity and on a local scale.

Given its sheer size and country coverage, not to mention the independent setup of its member firms, it should come as little surprise that the services PwC offers vary slightly within the global network of firms. However, all services do fall into one of three core PwC lines of service: tax, advisory and/or assurance. As for clients, the firm works with some of the biggest names in global business, including the likes of AXA, JPMorgan Chase and Lloyds TSB in finance; 3M, Honeywell, IBM, Sony and Walt Disney in technology, infocomm and entertainment; and Anheuser-Busch, Caterpillar, Ford, Johnson & Johnson and many more in consumer and industrial products and services.

IN THE NEWS

April 2012

Hiring Spree
In an interview with Forbes, U.S. Recruiting leader Holly Paul revealed that PwC is planning to hire "approximately 12,000 people this fiscal year, including 7,000 from campuses and over 3,500 experienced professionals." In the interview, which focused on PwC's recruitment strategy, Paul also commented that the firm is seeking "a combination of strong technical knowledge, an ability to build relationships, and a drive to succeed" in its candidates. To view the article, click here.

PwC Tops List for Diversity
PwC US was named No. 1 on DiversityInc's 2012 Top 50 Companies for Diversity list. The firm cited a "breakthrough year during which huge gains in diversity were seen at the senior-most levels of PwC and among all companies named to the list." The full list can be found here.

February 2012

Jobs for Accountants
In an interview with FINS, U.S. and Global Talent Leader Paula Loop discussed the demand for accountants today, especially to help financial services clients navigate new rules and regulatory issues. Loop explained that the firm will do "very strong hiring" in the U.S. and in emerging markets such as China and Brazil, and discussed the opportunities for experienced employees to go abroad. To view the article, click here.

Making the list
PwC ranked in 48th place on Fortune's list of the Top 100 Companies to Work for in America. The ranking saw the firm improve its position from 73rd in 2011, and marked PwC's eighth consecutive appearance on the list. Also recognized was the firm's recently launched "reverse-mentoring program" where junior associates help senior associates understand Millennials.

October 2011

American Idol: The PwC Accounting Edition
PwC's PowerPitch innovation contest was featured in a five-page article in Fortune magazine, titled "American Idol: Accounting Edition." The piece included the genesis of the program, photos of the July 28 finale, and a peek backstage at the contestants before their final pitches to the panel of judges. The finale was available for the entire US Firm to view via live webcast. To view the article, click here.

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PricewaterhouseCoopers Advisory Services LLC (PwC Advisory Services)

300 Madison Avenue
New York, NY 10017
Phone: (646) 471-4000
Fax: (813) 286-6000

Stats

  • Employer Type: Private
  • US Advisory Leader: Dana McIlwain
  • 2011 Employees: 39,951

  • Major Departments & Practices
    Consulting
    Capital projects & infrastructure
    Corporate finance
    Deals
    Finance
    Forensic services
    Operations
    People & change
    Risk management
    Security
    Technology

Major Office Locations

  • New York, NY

Key Financials

  • 2011 Income: $9,880 million

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