Hey everyone,
I recently got a job in Assurance with PWC and these forums were a huge help to me, so I thought I’d write about my own experience for anyone else going through the application process.
Application form
You need at least a few hours for filling this in – I filled mine in over a few days as I found some of the question quite tricky and it took me a few attempts to come up with answers I was happy with. For the “ideal client” question, pick a company that you’re genuinely interested in and not just one that’s been in the news recently, as they can ask you anything at all about it and it’s easier to talk about a company or industry that you actually have your own opinion on. If you get past this stage, your application form is your first point of contact with your interviewer – they do read them very carefully so make sure your grammar, punctuation etc is perfect and spell-check your answers. It’s also your first opportunity to sell yourself, so use as much of the word limit as possible.
They are quite quick about getting back to you – I was invited to take the tests within two days of submitting my application.
Online tests
I had to do numerical and diagrammatic reasoning tests. The numerical consists mainly of using information given in graphs and bar and pie charts to calculate things like percentage increases, changes in sales figures over time/between departments – it’s quite basic stuff but what makes it challenging is the time limit. Your performance on this test is apparently a good indicator of your likely performance in the ACA exams. The diagrammatic test is pretty straightforward - figuring out the next in a series of diagrams – but again, it’s pretty time-pressured. The most important thing is to watch your time, you only have about a minute per question and it’s so easy to linger on a question that you can’t get. You don’t have the option to go back on your answers so if you’re not sure, just mark your best guess.
I heard back within a day or two.
First interview
This can be with a manager from your service line or with someone from HR. The interview is very structured and most questions will start with “Tell me about a time when…”. They’ll ask for examples of almost all of the core competencies on their website, and normally for two examples of each. Using the STAR technique is a good way of answering the questions: describe the situation/task, then describe your actions and the result. The examples can come from anywhere and it’s good to show a range – so try to use ones from university, work and extra-curriculars. If you’re describing a team situation, be sure to emphasise your contributions. Be prepared to answer questions about the challenges you faced, what you learned and what you would do differently next time.
I was also asked about my understanding of PWC’s services (the question from the application form) and the divisions that audit was broken down into (TICE, CIPS etc). She also asked me about the ACA qualification, what I thought I’d be doing on a daily basis, what an audit was and how did PWC Assurance add value to their clients. We then discussed a couple of business stories of my choice. One of my stories was Microsoft’s bid for Yahoo – she asked me to describe the situation in detail, what I thought the benefits for both companies would be, whether I thought the takeover should take place, what the impact on the industry would be etc. For both of my stories she asked me what role PWC could play, so make sure that you’re always able to link your stories back to PWC and the services they can offer.
Make sure you have questions to ask – even if it is someone from HR you can still ask about the firm in general, their experience there and you can discuss things like voluntary work, secondments, which HR know a lot about.
I heard back from them by email after almost five days.
Assessment day
There were 14 of us for my assessment day at Embankment Place.
Tests
We first had to do paper re-sits of the online tests. We had 20 numerical questions to do in 20 minutes and 40 diagrammatic questions in 20 minutes. They give you a few practice ones first. Bring a watch/phone and your own calculator – the ones they give you are tiny and really fiddly.
Group exercise
There were six of us for this observed by three assessors. You’re given a booklet about a client who is considering implementing some changes. Each person also has a unique piece of information. You have 20 minutes to read and take notes and 30 minutes to discuss the case and reach a conclusion. They want to see if you can get on well with team-mates and contribute your own information and opinions without monopolising the discussion. Make sure that you speak, ask others what they think, listen to the others and build on what they say. You can get lucky or really unlucky with the team you’re put in; there were a few people in mine who kept taking the discussion off track and I really didn’t feel the exercise went that well, but it’s only one part of the assessment.
Partner/director interview
This was the least stressful part of the day for me. The director interviewing me was lovely and really laid-back – it was much less structured than my first interview. We talked about my choice of university course and subjects, my ERASMUS year in Paris, some of my work experience, what I learned from it and what I was disappointed with. Then she asked me about the company I wrote about as my ideal client on the application form and the challenges it faced. She asked me about the challenges facing PWC and the same kind of stuff about ACA, audit etc that I was asked in my first interview, and also what I thought would be the biggest challenge about starting work and how I would handle it. Even if the interview is less structured, they’re still looking for evidence of core competencies so bear this in mind when you’re answering the questions. They’ll have read your answers from the first interview so you probably won’t have to repeat any answers, but I noticed she was looking for the competencies that hadn’t come up in my first interview. They’ll also know the stories you’ve already discussed from your first interview, so have different ones prepared just in case. Again, make sure you ask them questions.
Lunch
Not much to summarise about this really! We had lunch in the building with four Assurance trainees, mainly first years. It was really informal and we were able to ask pretty much anything we wanted. The day finished at about 2.
My AC was on Friday and they called me Monday to offer me the job.