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Business case prep

Our interview process includes a total of three to four 45-minute interviews. Both sessions include a real-world case discussion that allows you to demonstrate your analytical skills.

The business case is your opportunity to show us how you go about solving sophisticated business problems and how you structure your thoughts.

Here are some tips to help you do well in the business case interview:.

Listen carefully; ask questions if there are any points you don’t understand.
After the interviewer outlines the case parameters, summarize the case for the interviewer in your own words to confirm you understand the problem.
Take a minute to think; don't be afraid of the silence.
Find a way to structure the problem; this will guide your discussion with the interviewer. Briefly explain the framework you plan to use, giving the interviewer a chance to comment. In general, the simpler the framework, the better. Once the interviewer endorses your framework, stick to it.
Start with the first element of your framework and work through the answer out loud so the interviewer can evaluate your analytical structure and help you along.
Be aware of the time you have; move through your framework at a pace that allows you to touch on all the elements you described at the beginning.
Pause every so often so your interviewer has a chance to course correct. If your interviewer gives you advice, take it – assume it’s intended to be helpful.
Toward the end of the case discussion, be prepared to take a stand and make a recommendation. You might feel uncomfortable making a call with so little data and so little time to discuss all the issues. Remember that this is just an exercise. Make your recommendation based on the conclusions you were able to reach from your discussion.
Be confident and – perhaps most important – relax and try to have some fun. You’ll feel more self-assured if you practice, practice, practice before the interview.
You can get sample cases to practice on from the consulting club at your school. Don’t read the cases ahead of practicing – find a partner (ideally a second-year student who just completed a consulting internship) to test you. Don’t be embarrassed if you don't do well. No one performs well on all cases, especially in the beginning.

Remember, there is no single right way of answering a case. If you’ve shown your thought process and come to logical and reasonable conclusions, you will successfully " crack the case. "

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It Starts Here

PwC Case Study

Already enjoying the region’s renaissance, PwC is taking a leading role in shaping the future of the West Midlands as a centre for global business.

Supporting regional growth

At the core of the company’s regional growth priorities is a commitment to rebalancing its workspaces and people across the UK.

Matthew Hammond, Midlands Region Chairman and Senior Partner at the firm’s Birmingham office said:

“While London has traditionally been the focus of business activity for the professional services sector, there is a wealth of untapped potential in regions across the UK, like the West Midlands. This is a region where companies of all sizes can benefit from liveability and affordability indicators that make the region a great place to live and work, including strong connectivity and job creation, and accessing the talent pool from internationally renowned Midlands universities. The West Midlands has a lot to offer us. We are excited by the region’s diverse sectoral strengths and want to make the most of these opportunities to grow our business inclusively.”

Connecting people with place

Delivering 1.74m sq ft of contemporary office space and 120,00 sq ft of retail and leisure opportunities, Paradise will unite commerce and culture to bring around £700m investment into the city.

One Chamberlain Square sits at the heart of the development. More than just a building, the space has been designed with PwC’s ‘Everyday Flexibility’ working style in mind, focusing on the importance of a tech-enabled environment with spaces promoting face-to-face human connections to create an enhanced experience for its clients and staff.

Speaking about the company’s ambitions for the space, Mr Hammond commented:

“One Chamberlain Square is much more that an office investment. We are designing our space in an entirely new way, recognising how we work now is very different to even the recent past, and the future of work is changing rapidly. Our design ethos is to create a functional workspace but also hackable spaces for clients and colleagues to collaborate in. Our home will provide a flexible working environment that will allow us to respond with real agility to deliver exceptional client value and an environment with wellbeing at the heart of it for our staff. Our new home will bring together the public realm space of Centenary Square, Chamberlain Square and Victoria Square, putting our people at the centre of Birmingham’s thriving cityscape.”

In 2018/19, 60 per cent of PwC’s graduate intake was recruited to roles outside of London, up by five per cent from the previous year. As the region’s portfolio of major infrastructure and transport projects continues to grow, with HS2, the Midland Metro extension, and improvements to Birmingham International Airport all on the horizon, the company is hoping to make the most of the West Midlands’ unprecedented connectivity to attract new talent to the area.

Mr Hammond said:

“One Chamberlain Square is the perfect place to bring our vision to life to create a place full of possibilities and futures that people will want to be part of. A place that is memorable, distinctive and engaged with the city around it. We will be at the heart of the city and the heart of the country, with unbeatable connectivity, especially through public transport. We hope that this, combined with the region’s thriving economy and high quality of life offering, will continue to attract people to explore the West Midlands as a place to build a career and life.”

Nurturing top talent

Home to the largest cluster of business, professional and financial services businesses outside of London, the West Midlands has a pipeline of up and coming talent trained in the sector.

Across the region, over 40,300 students graduated in business or law-related subjects in 2017/18, with Birmingham recording the highest number of business students than any other regional city in the UK.

“The wealth of young, bright talent in the region was a major draw for expanding,”

said Mr Hammond.

“Midlands universities have been for many years the single biggest source of talent recruited into PwC across the UK, but retention in the region is materially increasing.”

PwC is committed to hiring school leavers, apprentices and graduates into a variety of roles, investing to equip them with the skills they need to further their careers.

The firm is working closely with the region’s education institutions, launching its first Tech Degree Apprenticeship programme with the University of Birmingham to train aspiring computer science professionals from diverse backgrounds, as well as partnering with local schools to raise awareness about the professional services sector and the career opportunities on offer.

Leading a legacy

With record levels of development across the region, the West Midlands is in a crucial phase of regeneration and is consequently brimming with investment potential.

Mr Hammond continued:

“We’re proud to be making our mark on Birmingham’s skyline. This current period of development and construction is a defining moment in the region’s rich and cultural history, and it’s exciting to think that we are an integral part of the city’s identity for future generations. We’re excited about our future here and can’t wait to settle in to our new home at the centre of the region’s thriving business, professional and financial services sector.”

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PwC Case Interview Guide 2024: Criteria, Technique & Tips

PwC (PricewaterhouseCoopers) is one of the Big Four Consulting Firms (along with KPMG, Deloitte, and EY). Every candidate who wishes to land the offer from PwC must go through an essential round called a “ case interview ” in the Assessment Center.

In this article, we’ll cover the complete overview of the PwC case interview and the tips and techniques to help you ace your case interview round.

Overview of PwC case interview

The PwC case interview is a candidate-led interview used to assess candidates for technology and management consulting positions . Candidates are required to go through three to four 45-minute case study sessions, which simulate the actual work of consultants in the firm.

The three common case types in the PwC case interview are individual case, group case, and written case.

A candidate must go through the case interview round in a full-day event consisting of two to three stages, known as “Assessment Center” in Europe/Middle East and “Super Day” in the US.

The PwC case interviews occur after the video interview

Candidates have to pass three rounds (Application -> Online test -> Video Interview) before getting into the case interview round .

If you successfully pass the case interview round, you will advance into the final round - partner interview. If you pass this final round, you will receive an offer from PwC within two weeks.

Application round: Submit your resume and cover letters via PwC online application platform. You need to craft your resume in consulting style and have an impressive cover letter .

PwC Online test : Take a series of online psychometric assessments, including situational judgment and numerical, verbal, and logical reasoning.

Video interview: includes fit/behavioral interview and workplace case studies. You will record yourself answering the given questions. PwC has an e-learn preparation for the video interviews . You can check it out!

Case interview: includes a series of case interviews (individual and group) to assess candidates’ traits and abilities as consultants.

Partner interview: candidates will go through an “informal” talk with the partner or senior manager of the local office they apply. This is similar to the fit interview at Bain and BCG .

PwC interviewers value leadership and business acumen

To ace the PwC case interview, candidates must demonstrate they have the five crucial qualities needed by PwC. “Whole leadership” and “Business acumen” are highly valued since these two are essential qualities for an aspiring consultant.

The five qualities, as stated in their “The PwC Professional” framework , are:

Whole leadership: Lead yourself and others to make a difference and create a positive impact in a responsible, authentic, resilient, inclusive, and passionate manner.

Business acumen: Bring business knowledge, innovation, and insight to create distinctive value for clients and PwC.

Technical and digital: Apply a range of technical, digital, and other professional capabilities to deliver quality and value.

Global and inclusive: Operate and collaborate effectively with a mindset that transcends boundaries and embraces diverse perspectives.

Relationships: Build relationships of high value that are genuine and meaningful.

Source: PwC Global

PwC case interview format is candidate-led

PwC case interview is a candidate-led case interview , similar to the BCG case interview and Deloitte case interview . The interviewer will present the issue and require the applicant to lead and control every stage to solve the case: structure the problem, develop frameworks, request data, synthesize results, and provide solutions.

Candidate-led cases focus on one big problem

In candidate-led cases, you have to figure out how to solve a big case . This is opposed to interviewer-led cases , where the interviewer presents smaller questions about the case to the candidate.

You should take a top-down approach - break the problem into small parts of the issue tree and tackle each one at a time.

Candidate-led cases are flexible

In a candidate-led interview, the candidate can choose their own suitable approach.

The interviewer usually forms a “universe” of data on the client and their problems for you to explore. If your issue trees and solutions seem to go beyond the given information (in a good direction), the interviewer can “make up” new information on the spot to help you solve the case in your way.

Candidate-led cases focus less on being right

In a candidate-led interview, you put less emphasis on giving a definite “correct” answer and focus more on creating a structured, reasonable approach .

An “acceptable” margin of error is allowed in the candidate-led interview since you must break down the problems by yourself without much assistance from the interviewer.

To ace the candidate-led case interview, you need to understand the fundamentals of a candidate-led case . Our Case Interview End-to-End Secrets Program features countless instant-result tips and techniques for case interviews to help you maximize your performance!

After learning the tips and some sample cases, you will need exclusive feedback. Book a meeting with our coaches at MConsultingPrep now! Those ex-consultants will help you practice specific candidate-led case interviews, give you the most detailed and concrete feedback, and suggest the most suitable improvement methods.

Three PwC case types

PwC case interviews usually include three types of interviews: individual case interview, group case interview, and written case interview.

PwC individual case interview

This is the standard type of PwC case interview. PwC has a similar candidate-led case interview style to BCG and Deloitte. Candidates will receive the case from the interviewer, which they need to define the issue and give solutions. There will be two or three cases for a 45-minute session.

PwC group case interview

The group case interview is popular in BCG, Bain and Big Four firms. A group case interview will usually go through five stages:

Stage 1: You will be assigned to a group of 3–6 applicants.

Stage 2: The group will be given a case and relevant information to solve.

Stage 3: You will be given 10 minutes to examine the case and prepare alone or in collaboration with another team member.

Stage 4: The group will discuss case questions for 20 minutes while the interviewers observe and take notes.

Stage 5: The interviewers will ask questions about the cases in the next 20 minutes.

PwC written case interview

The final type of case interview at PwC is the written case presentation .

At PwC, the case question and data are usually provided 48 hours before the presentation. Candidates must prepare PowerPoint slides and evidence to support their findings on presentation day.

Each candidate would have 15-30 minutes for presentation and another 15-30 minutes for Q&A with the interviewer.

Fundamental framework to solve PwC case interview

To solve the PwC case interview, you need to develop an issue tree to break down your case. To create a suitable issue tree, you can use common frameworks for case interviews : Profitability framework, Business situation framework, McKinsey M&A framework, 4P/7P marketing mix, or Porter’s five forces model.

To further enhance your case interview performance, you can also apply five effective tools (or mini-frameworks): External vs Internal, Quantitative vs Qualitative, Costs vs Benefits, 2x2 Matrix, and SWOT analysis.

Five common frameworks for case interview

Profitability framework is mostly used to mathematically break down problems before switching to the qualitative framework for solutions. To use the profitability framework, candidates will split profits into revenues and costs.

Business situation framework is used to analyze a company situation in four areas - Company, Competitor, Customer, Products (3C-1P). This 3C-1P framework is flexible for many purposes, however it may be too generic and need customization depending on the situations.

McKinsey M&A framework is used to assess a proposed merger and/or acquisition on three aspects: standalone values of each involved company, their synergy, and other factors. This framework is MECE and promotes customizations, and is one of the best M&A frameworks.

4P/7P marketing mix in marketing for tangible work analyzes the 4P - Product, Price, Place and Promotion; while in service marketing three other Ps will be added in - People, Process, and Physical evidence. This framework focuses on the marketing aspect, hence unsuitable for multi-function strategies.

Porter’s five forces model analyzes the industry surrounding a business in five aspects - Suppliers, Customers, Competitors, New entrants, and Substitutes. This framework is used to get an industry overview and understand the client’s context.

Five effective tools for case interview

External vs Internal method is quick and easy to segment information about a particular entity. The internal branch concern what is inside or intrinsic of the said entity, and the external branch concerns the outside factors.

Qualitative vs Quantitative mini-framework is used for evaluations. Dividing items into two MECE groups reduces confusion and minimizes the risk of missing an essential item.

Cost vs Benefit in the decision-making process is very straightforward - if the benefits of an option outweigh its costs, that option can be chosen.

2x2 Matrix is a decision-making tool where options are examined using two criteria, each of which forms an axis of the matrix.

SWOT analysis mini-framework is seldom used in case interviews for being too generic. However, it can be used for a quick and easy evaluation of a company’s positioning within the industry context.

To have a deeper understanding of the common framework used in the case interview, you can check our free article on Case Interview Framework .

How to prepare for PwC case interview?

To ensure the best performance possible in the PwC case interview, you can follow this 5-step preparation.

Step 1: Familiarize yourself with candidate-led case examples

PwC hasn’t provided any case examples on its official site. Still, you can start with candidate-led case interview examples from Bain to familiarize yourself with the format and how to interact with the interviewer.

Bain case sample: Coffee Shop Co.

Bain case sample: FashionCo.

Bain case sample: Associate Consultant Mock video

You can also get familiar with more case interview samples and all instantly-effective tricks for case interviews with our Case Interview E2E Secret Program . You can learn all the fundamentals and expose to a more detailed and in-depth analysis of case interview samples with suggestions.

Step 2: Practice consulting math

Interviewers intensely evaluate potential consultants' mental math because consultants have to deal with quantitative data daily. It might take too long for them to bring out a calculator whenever they need to calculate anything, and doing so during a negotiation appears unprofessional.

Some people find consulting math challenging at first; however, a few techniques can help you ease into the process while still practicing effectively, such as:

Train your head: Do your daily calculations mentally unless an EXACT answer is required.

Start with small steps: At the start, a piece of scratch paper and a 5% margin of error help; once you are confident, discard the paper and narrow down the margin.

Establish a routine: Allocate some time for daily practice. This may be hard at first, but you can feel the improvement once you’ve overcome the inertia.

Step 3: Develop business intuition

Having business intuition sharpens your performance significantly in case interviews. Working on intuition is a gradual process that takes practice every day. You can improve your business intuition through two means:

Written material: It's a good idea to read business papers daily. You can also find excellent articles on the McKinsey , Bain , and BCG websites. Be careful, though, Because the important thing is not how many pages you read but what you learn from them.

Experience and observations: Don't just show up to work; try to figure out what the senior managers are doing, the reasoning behind each decision they made, and how it has affected the organization.

Step 4: Learn the fundamentals and frameworks

Practice the use of hypotheses and issue trees, the MECE principle, and the frameworks until you are comfortable using them– they are the backbone of candidate-led case interviews.

It might be tempting at first to go straight for the frameworks – if you make this common mistake, get ready for some very unpleasant surprises in the interview. Frameworks need a lot of customization to fit actual cases , and to customize effectively; you need fundamental knowledge.

Step 5: Perform mock interviews

Mock interviews are a great way to simulate the actual case interview session. Find a former consultant to help you practice; they have been through countless case interviews, both real and mock, and they know what’s required of a candidate, so they’re the best people to run your simulations with.

MConsultingPrep can help you connect with ex-consultant coaches to receive more personalized feedback to improve what is lacking in your performance and enhance your chances of landing the offer. Book your mock case interview session with us right now!

Tips for the perfect PwC case interview

Nine tips for the perfect pwc individual case interview.

Tip #1: Understand the procedure of a candidate-led case interview

There is a five-step procedure to approach the PwC candidate-led case interview.

Taking the case: You need to take notes on all information regarding the clients and the case situation. Keep your notes organized to refer back to them easier.

Clarifying: You will have time to gain more information and/or clarify the points you haven’t fully understood about the cases.

Structuring: You will need to break down the case business problem into smaller components to create the issue tree , allowing you to solve it in an effective and cohesive manner.

Hypothesizing: You must develop the hypothesis based on evidence and available data about the problems and find the root cause. If the initial hypothesis in a branch of the issue tree no longer makes sense, go to the next branch. If the hypothesis matches, stick to it to find the root causes and solutions.

Pitching: The pitch is your case interview's final product, where you summarize all findings and recommendations to solve the case. You need to deliver the pitch in a structured, top-down manner.

Tip #2: Have a perfect case opening

There are four reasons to make a good case opening while you deliver your case interview:

First, it shows you have complete control of the upcoming problem-solving process, which is critical in candidate-led cases.

Second, you can demonstrate your whole leadership and relationships with proactiveness - aligning yourself with PwC's five qualities mentioned above.

Third, a good case opening creates a great first impression. Consultants are expected to perfect everything from the beginning to the end, so this could make a good head start for a 30-minute interview.

Finally, this is an opportunity to align during the interview. After the interviewer has outlined the case details, explain the case to the interviewer in your own words to ensure you grasp the issue and align with the interviewer.

Watch more: How to open a case perfectly?

Tip #3: Map your next moves

Pause occasionally to summarize where you are and where you’re going next. It gives you a sense of direction and authority; additionally, you get plus points in the interview for an organized approach.

This also gives your interviewer a chance to help you with your mistake. If your interviewer gives you advice, take it – assume it’s intended to be helpful.

Tip #4: Be consistent with your intended hypotheses

Always speak with the current hypothesis in mind, and that hypothesis must be in the issue tree. The sole purpose of the hypothesis-driven approach is to have your efforts and problem-solving steps guided and structured.

Therefore, to avoid being overwhelmed by piles of data in your case interview, do a sanity check by returning to your issue tree - if what you're doing does not correspond to your present place on it, go back immediately!

Tip #5: Deliver your pitch in one structured manner

This is the most important tip to take because you need to show that you own the consultant qualities - being structured and straight to the point. Present your analyzes in one perfect, insightful, top-down, concise, and captivating final pitch.

Find a way to structure the problem; this will guide your discussion with the interviewer. Briefly explain the framework you plan to use, allowing the interviewer to comment. In general, the simpler the framework, the better. Once the interviewer endorses your framework, stick to it.

To structure your speech:

Begin with a summary line that states the key takeaway/intention.

Separate what you want to say into distinct sections. As much as possible, avoid jumping back and forth between items.

Number your items so you and your interviewer can keep track of them. It's even better to specify how many things you'll be discussing beforehand.

Make your recommendation based on the conclusions you reached from your discussion, even if you are unsure with so little data and time to discuss all the issues.

Tip #6: Make a personalized script

Make a script of what you're going to say and rehearse it a hundred times. Practice all of the formulaic phrases, such as the opening or data request. With enough practice, those lines will become second nature to you.

The secret to seeming professional in a case interview is to talk in a systematic and formal manner. Using scripts also saves brainpower, which you will undoubtedly want in case interviews.

Tip #7: Keep your notes organized

Neat note-taking greatly assists with your train of thought, making storing and organizing information easier. You're also demonstrating to the interviewer that you're well-organized and meticulous.

Divide your notes into three categories to make them easier to read and interpret: data, presentation, and scratch paper. When the interview begins, take three pieces of paper and name them appropriately. Here is the content that should be on each type of note:

Datasheet: note down and process any data the interviewer gives you, as well as your calculations.

Presentation sheets: draft things you’ll say to the interviewer.

Scratch paper: anything else you need to write out, such as brainstorming ideas.

Tip #8: Avoid long pauses

Take a minute to think; don't be afraid of the silence. If you really need silence to think, ask for a timeout or announce think-out-loud mode. However, taking it too long will backfire, especially if you can’t come up with something worthy of the long wait. Use the pause prudently, and always try to think as fast as possible while still being “correct”.

Tip #9: Find and ask for more insights

Try your best to be in-depth and comprehensive with your analyzes. Always ask yourself, “Am I overlooking something?” and “Can I drill down further?”.

This is also helpful when you are stuck in your analysis. You can try asking for insights from the interviewer (remember to state your purpose clearly) like this:

If you have a piece of data and don’t know what to make of it, ask for benchmarks to put the data into perspective.

If you are unsure which framework to employ, consider "segmentation" - look at how the customer or the industry often segments that item. If you need to know how they do it, ask the interviewer.

When you cannot see the problems in the case (probably resulting from the “MECE” of your issue tree), ask the interviewer nicely for a way out.

However, remember to manage your time well. If you take too long, the interviewer might force you to move on, and you will lose the time to solve the case holistically.

Four tips for the perfect PwC group case interview

You are being evaluated with many other candidates in group case interviews. So, how can you make yourself stand out? Here are six helpful recommendations to ace a group case interview.

Tip #1: Manage your ideas

Take your time processing the question and developing an orderly and structured response. If you allow yourself time to analyze, your answer will be more robust. Ask the interviewer for a few minutes to organize your thoughts, but avoid excessive silence when necessary.

Try not to intervene forcefully while others are speaking in group interviews. If you have a brilliant idea, write it down. That way, the flash of brightness won't fade from your memory.

Tip #2: Decide whether your role is a leader or team member.

This is the decision that needs to be made on the spot - other candidates are going for the “leadership role” of the discussion. If you want to lead, go right at it. However, you can still demonstrate desirable consultant qualities even as a team member.

If you decide to be the team leader, emphasize your facilitator role.

It’s a good idea to be proactive in proposing what topics to discuss, in what order they should be addressed, and how much time should be allocated to each issue. You can bring the group’s focus back together if the group gets off track.

By the end of the group discussion, make a point to compile people's different points. This puts you in a position to bring everyone together and ensure all candidates are on the same page.

If you decide to be a team member, speak to add value.

Candidates will take turns presenting answers to the interviewer. Before it’s your turn, listen carefully to other people’s answers and the interviewer’s feedback. This way, you can add valuable and helpful insights to the discussion. Remember, good points go to the quality of what you say, not the number of times you speak up.

Tip #3: Ask good questions

Asking outstanding questions will set you apart. It demonstrates that you are attentive and willing to learn more.

Great questions often target one or more objectives: explaining an unfamiliar term, clarifying the issue's purpose, or expanding the team's understanding of the setting or business.

Tip #4: View others as teammates

Seeing people as colleagues puts you in a collaborative attitude, which allows you to work successfully with others. You look to be both a helpful leader and a team player in this manner.

You can be the first to answer your interviewer's question to avoid seeming timid. You can encourage co-interviewees by emphasizing their excellent ideas, adding what you believe is lacking, and explaining your reasoning.

Three tips for the perfect PwC written case presentation

Tip #1: Skim and scan to gain an overview of the case quickly

Skim the data for a summary, then focus on supporting evidence. You need to remove irrelevant data by starting with a defined goal to find the data that answers questions or supports your findings.

You can practice speed-reading in daily activities. When reading newspapers, for example, ask yourself questions regarding the topics being covered, then explicitly hunt for solutions in the articles.

Tip #2: Timebox your activities during the presentation

To ensure adequate time management, allocate a precise time limit for each activity.

When that time limit is nearly over, quickly wrap up what you’ve been doing (e.g., skimming data) and move on to the next (structuring the problem).

In such a pressured interview setting, you easily make mistakes, so set aside some time for contingencies.

Tip #3: Present recommendations first

Tell them your solutions first, and explain later – it’s the results that count!

On a consultant's slide, the chart titles contain the most valuable insights, and their presentations and pitches start with the conclusion. You are an aspiring consultant, so act the same way during case interviews.

Scoring in the McKinsey PSG/Digital Assessment

The scoring mechanism in the McKinsey Digital Assessment

Case Interview End-to-End Secrets Program

Elevate your case interview skills with a well-rounded preparation package

KPMG case interviews are candidate-led, occur in the last stages of KPMG’s recruitment process, and typically last 30-45 minutes.

Case interview is the last round of EY hiring process with 3 phases: application, online tests and interviews. EY case interview lasts 30 - 45 minutes in total

Case interview is the last round of Deloitte hiring process with 3 phases: application, online tests & interviews. The whole process can take up to 2-3 months.

PwC (Strategy&) Case Interview (questions, process, prep)

Interviewing at PwC and their strategy subsidiary (Strategy&) is very demanding. PwC uses a combination of case interviews, written case presentations, and group case study interviews to evaluate candidates.

This may sound overwhelming, but don't worry. We've put together the ultimate guide to PwC's consultant interview process. With the information and resources below, you'll be one step closer to landing a job offer.

Here's an overview of what we'll cover:

Interview process
Fit and PEI questions
Case interviews
Group case interviews
Presentation
Preparation

Right, let's get into it.

Click here to practise 1-on-1 with PwC ex-interviewers

1. pwc consulting is bigger than all the mbb firms.

When it comes to consulting, PwC is a juggernaut. With $22bn in consulting revenue in 2022, PwC's consulting business line is bigger than McKinsey, BCG and Bain combined.

The huge growth of PwC's consulting business has been driven primarily through acquisitions. This includes the acquisition of Booz & Company in 2014, which formed the PwC group known as Strategy&.

PwC divides their consulting business into 2 primary branches.

Strategy& focuses on executive level strategy, including capability identification, operating model, and market position. It also advises on creating growth, by increasing margins, reducing costs, and driving lean operations.
PwC Consulting focuses on digital strategy, implementation of technology tools, and integration and innovation programmes. But also M&A strategy, executing deals, restructuring organizations, and implementing post-merger improvements.

The work you'd do in the Strategy& branch of PwC, is very similar to the work you'd find at McKinsey , BCG or Bain . Whereas the work you'd be doing in PwC Consulting is closer to the type of consulting the other Big 4 firms do. If this peaks your interest, you can learn more in our article that compares Big 4 to MBB firms .

2. PwC (Strategy&) interview process overview

PwC Consulting and Strategy& use 4 steps in their recruitment process:

Resume and cover letter screening
Online assessment tests
First round interviews
Second round interviews

Let's take a closer look at each step. Please keep in mind that each step may vary based on location and role. It's always a good idea to check with your HR contact, to get more specific details based on your interview track.

2.1. Resume and cover letter screening

First, recruiters will look at your resume and assess if your experience matches the open position. This is the most competitive step in the process—we’ve found that 90% of candidates don’t make it past this stage.

You can use this free resume guide and this free cover letter guide to help tailor your application to the position you’re targeting.

And if you’re looking for expert feedback, you can also get input from our team of ex-MBB recruiters , who will cover what achievements to focus on (or ignore), how to fine tune your bullet points, and more.

2.2 PwC (Strategy&) online assessment tests

After the initial application, you'll face the online assessment. The assessment may be one or multiple tests. To get through to the next round, you'll need to score better than at least 50% of applicants (50th+ percentile) .

Here's a snapshot of the assessment tests used at PwC Consulting (note: you can expect similar tests at Strategy&).

A lot of candidates are eliminated at this stage, so make sure you practice beforehand and that you're getting good scores before taking the real thing.

You can practice taking the test on the PwC website.

2.3 First round interviews

First round interviews are usualy conducted via an online video call. You can expect one behavioral interview, and one case interview, often in the form of a market siziing question. These will be unstructured, in the sense that you won't be given any additional information when you're asked the question (you'll need to ask questions in order to get that). Recent examples reported on Glassdoor include:

Estimate the size of the market for a pen manufacturer
What is the size of the market of computer mouses in France (BtoB & BtoC segments)?
Estimate the size of the market for accounting services for SMEs.

2.4 Second round interviews

Second round interviews are usually a "Super Day", OR a case presentation. Note that the term "Super Day" is usually used in the US, and the term "Assessment Centre" is more common in Europe.

Here's what it entails:

All-day evaluation at a PwC facility
2 behavioral interviews
1-2 standard case interviews (structured or unstructured)
1 group case interview (structured)
Receive a case from the recruiter
Prepare a PPT deck with your analysis
Present in-person and engage in Q&A

Now you have a good overview of the interview process, let's take a look at what kind of questions you can expect to face and how you can prepare to ace each part of your PwC consulting interviews.

3. Top behavioral interview questions asked at PwC (Strategy&)

Behavioural interview questions asked at PwC Consulting and Strategy& fall into two main categories:

Fit questions. These are generic questions such as “ Why consulting? ” or “ Why PwC? ”.
Personal Experience Interview (PEI) questions. These are questions such as “Tell me about a time when you led a team through a difficult situation.” Or “Tell me about a time where you had to manage a team conflict”

To prepare, consulting fit / PEI questions in the past. But in summary here are the top 5 fit and PEI questions you should prepare for at PwC, Strategy&, or other consulting firms.

4. PwC (Strategy&) case interviews

Case interviews at PwC Consulting and Strategy& are candidate-led. The style is similar to what you will experience in a BCG case interview or a Bain case interview .

For a candidate-led case interview, there are 7 types of questions you need to prepare for:

Framework development
Framework exploration
Quant question – Data provided
Quant question – No data provided
Creativity question
Recommendation

You can read more about case interviews and how to prepare for them, in our free case interview guide . You can also get a sense of what candidate-led case interviews are like, using the video below. As we mentioned, case interviews at PwC Consulting (and Strategy&) are typically candidate-led and therefore use the same format as BCG and Bain.

5. PwC (Strategy&) group case interviews

As mentioned in the overview above, group case interviews are sometimes used in the second round at PwC Consulting and Strategy&. Here is the key information you need to be aware of for this type of interview:

Candidates get divided into groups of 4 to 6
Each group is given information about a case (i.e. a client facing a problem)
You are given 10mins to review the materials by yourself or with another person in your group
You are then asked to discuss a few questions about the case for 20mins with the rest of your group in front of your interviewers
The interviewers will ask a few questions to the group for 15 to 20mins

Click here to download a sample group case study interview problem from PwC.

This type of case mainly tests your ability to work with others. Interviewers won't intervene during the group discussion. They will just observe the group dynamics and mark each participant based on how they are contributing to the discussion.

Here are the top 3 things you should aim to do in your group interview:

Speak with a purpose. At the beginning of a group discussion, a lot of candidates will want to speak their mind as they know participating is important. But participating is not enough. The QUALITY of your input is crucial. Sometimes, it's better to let two or three people get the discussion started. And to then make a very thoughtful point based on how they started the discussion. Focus on the quality of your input, not the quantity.
Involve everyone. Another tip that's easy to apply is to keep an eye on who's participating in the conversation and who's not. If you identify a member of the group who's struggling to make themselves heard, you should not hesitate to help them be heard by saying something like: "We haven't heard everyone's opinion on this yet. John, Rebecca what do you think?"
Summarise. Finally, at the end of the 20 minutes group discussion it's a good idea to summarise the different points people have made. This will position you as the person bringing everyone together and making sure all candidates are on the same page. It is something some partners in consulting like doing with clients in real life and will therefore reflect positively on you.

And the top 3 things you should really avoid doing :

Being easy to read. Group interviews is the time to put your poker face on. Everyone is stressed in a group interview. But you need to try your best to come across as confident. A good way to do this is to focus on basic body language: look at people in the eye, sit confidently, don't cross your arms, try not to fiddle with your hands, etc.
Interrupting others. Consultants need to be client-friendly, and interrupting someone in a discussion is not client-friendly at all. You should listen carefully to what others are saying. Try to have a genuine interest in what they think. Before making your point, summarise their point to show that you understand what they mean.
Dominating the conversation. Finally, some candidates are so eager to participate in the conversation that they end up completely dominating the rest of the group without realising it. A good tip to avoid this is to keep an eye on how much time you talk. If you are in a 5-person group you should aim to speak 20% (1/5th) of the time and really no more than 25%.

Your performance in regular and group case interviews will play a big role in the firm's decision to give you an offer. If you'd like to learn more about group case interviews, check-out our separate detailed guide here .

6. PwC (Strategy&) case presentations

The final type of case interview used by PwC (Strategy&) is a written case presentation.

Here's a quick overview of what to expect:

Receive the case 2 days in advance
Prepare PPT slides with your recommendations and supporting data
15-30 minute rehearsed presentation
15-30 minute Q&A discussion with the interviewer

PwC Consulting does written cases a bit differently than other firms. For example, BCG would only give you 1-2 hours to prepare, but PwC Consulting sends the case 48 hours in advance.

For this type of interview, Strategy& more closely resembles BCG and Bain , because they may not provide the case until you're at the interview location.

As a note, a written case presentation is VERY different from a normal case interview, so don't think you can get through on your normal case interview skills. In order to prepare, we recommend you study our in-depth written case interview guide .

7. PWC (Strategy&) case interview preparation plan

In this section, we're going to cover the most important things you can do in order to prepare for your interview and land that consultant job at PwC.

7.1 Learn the case interview essentials

The best starting point for your case interview prep is our case interview prep guide . It'll take you through all the different types of questions you may be asked in your case interview, show you how to draw from different frameworks to structure your answer, and give you example cases to practise with.

7.2 Become really confident at maths

You don't have to have a perfect GPA or GMAT score to succeed at case interview maths. However, during your PwC / Strategy& interviews, you will be expected to quickly perform accurate mental maths.

In order to do this, it’s essential to know the formulas for common metrics, like return on investment or breakeven point. And it’s also helpful to know a few maths shortcuts to help you solve problems more quickly. To learn more about these topics, check out our free guide to case interview maths .

In our experience, the most successful applicants start their interview preparation by practising maths skills, so make sure you prioritise this step.

7.3 Research the company

PwC Consulting and Strategy& interviewers want to hire candidates who are deeply motivated to work for their firm. Make sure you're up to date in the latest developments in the area of the company you're applying to join. The Strategy& homepage and the PwC and Strategy& YouTube channels are good places to start.

Be sure to read what PwC say about their values and what they're looking for. In addition, do some networking so that you can show you've made the effort to reach out to current staff.

7.4 Do mock interviews

How you solve each case is important, but your interviewers will also be evaluating how you COMMUNICATE your answers. It's important to speak in a structured way that makes it easy to clearly understand your points.

The best way to hone your communication skills is to practise interviewing out loud, and you can do that in three main ways:

Interview yourself (out loud)
Practise interviewing with friends or family
Practise interviewing with ex-interviewers

To help you with this process, here is a broad list of consulting interview questions you can practice with. Practising by yourself is a great way to get started, and can help you get more comfortable with the flow of a case interview. However, this type of practice won’t prepare you for realistic interview conditions.

After getting some practice on your own, you should find someone who can do a mock interview with you, like a friend or family member.

We’d also recommend that you practise 1-1 with ex-interviewers from PwC / Strategy&. This is the best way to replicate the conditions of a real case interview, and to get feedback from someone who understands the process extremely well. Meet our MBB ex-interviewers who’d love to work with you.

PwC Assessment Centre: 2023 Success Guide

Table of Contents

PwC Assessment Centre Success Guide

This guide will tell you what to expect and how to succeed in the PwC recruitment process, which is known to be very difficult to pass.

An important point before we begin

Note that different employers use different test suppliers. PwC uses SHL tests. You can practice them here .

Download our Ultimate Assessment Day & Interview Guide 2022 here . (It's packed with tips, tricks and insider-secrets to help you succeed.)

PwC Assessment Centre Success Guide

The PwC Assessment Centre is one of the most competitive assessment events in the UK, particularly for graduates. Before you attend, it is vital that you understand what is required to succeed.

As such, this guide will cover each of the 6 assessment criteria used by the PwC tests to assess candidates.

Take Practice Test

PwC Assessment Centre Criterion 1: Business and Client Service

At the PwC Assessment Centre, it is very important that you can demonstrate you have an interest in what they do. As such, you need to show a level of business knowledge about the company. This includes their clients and the market they operate in. So, make sure you dedicate some time to researching the PwC.

Action point: Download PwC’s annual report and spend an afternoon digesting it and making notes on the key points . ( You can find it here .) Reference your findings in your interview. It will mark you out as someone with an eye for detail and good commercial acumen.

(Do enough research before the PwC tests to assess know your potential employer’s business and financial position. As a minimum, you should understand what their turnover is, how much of that is net profit and how much debt the business carries. What are the key challenges they currently face in their marketplace? What are their aims during the next 5 years?)

PwC emphasized the importance of client focus. So, it is important that you can show that you have an understanding of PwC’s key clients’ business needss.

Action point: Read some PwC case studies and think of 2-3 ways you could actively improve their top 5 clients’ businesses and you will put a big tick in this box.

PwC Assessment Centre Criterion 2: Working in Teams

In the PwC assessment test, you must be able to highlight specific examples of how you have worked with others toward a shared goal. It will help you to answer the following:

How adaptable is your approach?
Can you negotiate?
Can you influence?
Are you sensitive to others’ work styles and can you be flexible?
How can you prove that you are respectful of other people’s backgrounds, cultures, and beliefs?

Action point: Make a list of 5 solid examples that you can reference during the PwC assessment test (throughout the day) and you will wow your assessors.

PwC Assessment Centre Criterion 3: Communicating with Impact and Empathy

At the PwC assessment test, like any other assessment centre, you must demonstrate you can communicate in a fluent and effective way. This can be hard on the day itself because you are likely nervous.

Action point: Prepare 3 examples of how your communication skills directly led to a successful outcome of some kind. (Hint: try and prepare an example for each of the following: your colleagues, your manager and a client.)

For tips on keeping your nerves under control at your PwC assessment test, read our article “ How To Deal With Nerves & Anxiety At Your Assessment Centre “.

PwC Assessment Centre Criterion 4: Manage Projects & Economics

During your PwC assessment test, you will be asked to provide examples that show you can plan and perform work according to strict deadlines and success criteria.

What tasks and projects can you highlight at your PwC assessment test that show you can work to inflexible timings and flourish under pressure?

Action point: Prepare 2 examples – one of which must demonstrate you have the ability to ‘think on your feet’.

(Did the goalposts move for this project? Did the deadline get brought forward? Did the client/stakeholder alter their requirements while the project was in motion? What did you do -that was awesome- that saved the day?)

This is an absolutely key criterion that carries a lot of weight in the PwC assessment test. Take the time to prepare in this area.

HINT: Make circular references back to your CV and tie in your examples to present powerful and cogent examples. (The Telegraph has a good section you can plunder for CV tips .)

PwC Assessment Centre Criterion 5: Be Open-minded, Agile with Change and Practical

One of the interview techniques that is commonly used in the PwC assessment test is what we refer to as ‘the rug pull’: throwing a candidate off step by introducing something new or unexpected, to see how they react to change and how good they are at thinking on their feet.

So, you need to be able to move from one topic to the next and display seamless focus.

Action point: Practise talking in detail about career highlights or your aims for the future. Move from one to the other every 30 seconds or so.

Switching gears can be tough, but you will notice after 5-10 minutes or so how much easier it becomes to take that stream of consciousness forward with enthusiasm and without missing a beat.

Action point 2: Prepare 2 examples for your PwC assessment test of how you dealt with change in a professional or academic setting . How did you maintain your effectiveness throughout the transition?

Stop worrying! Download a 12-step assessment day cheatsheet & be perfectly prepared.

Click here to download your copy.

PwC Assessment Centre Criterion 6: Personal Development

Many people can and do impress on the PwC assessment test, but the one trait that separates strong candidates from elite candidates is a focus on self-improvement.

Read this article “ The Real Secret To Career Success ” for more information.

The personal development criteria may seem trivial and simple for an actual test like this, but you should take it seriously. This is an important part of the PwC application process, so prepare for it like how you would prepare for other parts of the test.

Action point: Think of ways on how you can demonstrate a commitment to your personal development and the future. Action point 2: Check out Stephen Covey’s business classic “ The Seven Habits of Highly Effective People “. It’s a bible for success in your career and personal life. Referencing this at your PwC assessment test will make a big impression on the assessors. Action point 3: You can also ask question during your PwC interview. For example, you can ask about how PwC can help you grow. Are their training and development opportunities if you get accepted?

Practise PwC’s Assessment Exercises & Tests

Nothing will improve your performance more than familiarity with the tests and exercises that PwC uses. Practising beforehand will improve your competence and also help you feel more relaxed, which will further boost your performance level.

You can practise the tests that PwC uses here . (These tests aren’t free, but they are a must-buy for candidates who want to do everything possible to ensure they succeed in PwC’s notoriously difficult recruitment process.)

Important: PwC Use “Cut-e” Style Tests

As you may have read elsewhere on the site, different employers use different test suppliers to assess candidates. The difference between tests can be small or big, as there are various test publishers in the market.

If you want to be part of the Audit and Tax graduate programmes of the PwC, you will need to take cut-e tests. You find practice tests in the following: cut-e verbal tests and cut-e numerical tests .

PwC Assessment Centre – A Useful Video from PwC

FastMaths – Case Study Interview Preparation

This course from Matthew Tambiah gets straight to the point. It teaches fast techniques to help candidates quickly solve the commercial problems posed in management consulting interviews and case studies. If you are seeking a job with companies like KPMG, PwC, or Deloitte, this one is for you.

The course has two components.

1) The first half of the course teaches techniques to answer numerical reasoning tests and perform calculations quickly and efficiently without using a calculator or spreadsheet (as required in case interviews).

2) The second half of the course reviews the most common types of quantitative problems given in case study interviews. The course shows students the most efficient solution method for each problem type and how to use the computational techniques taught in the first portion of the course to generate answers quickly and efficiently.

The course highlights how to use the results of the quantitative analysis to generate insights and recommendations relevant to the overall case.

All the example problems used in the course are derived from real case studies from leading management consulting firms including Deloitte, McKinsey, BCG, and Accenture.

Some final questions for you…

Do you have to take a numerical reasoning test or a verbal reasoning test ? If so you may want to check out the aptitude tests section of the site.
You can find practice tests and tons of free advice on every other type of ‘reasoning test’ too: numerical , verbal , abstract , logical , inductive , diagrammatic , spatial , mechanical comprehension , UKCAT and Watson-Glaser tests .
Worried about your assessment day? Maybe you’re worried about performing a presentation or preparing for an interview or group exercise or in-tray exercise ?
Perhaps you’d like some guidance on how to deal with nerves & anxiety at your PwC assessment test?
Lastly the Tools and Resources page is packed with useful equipment and ‘A’ List recommendations that will make your life easier.

Final Words

Hopefully, this PwC assessment test preparation guide will provide you with ample test preparation materials to pass the recruitment process and achieve your dream career.

On your assessment day, remember to stay calm. Just keep in mind that you have done all you can to prepare. Focus on answering questions properly and hope that all your hard work pays off.

Turbocharge your employability NOW

Get your copy of our Ultimate Assessment Day & Interview Guide here. It's packed with tips, tricks and insider-secrets to help you succeed.

1. Are PwC assessments hard?

PwC test assessments can be hard, but they are also very rewarding. The assessments are designed to test your skills and knowledge, which you can improve with proper preparation.

2. How long is the PwC Assessment?

The PwC online assessment, which includes aptitude tests and a video interview, takes about two hours to complete. The PwC final assessment will be yours if you succeed in this phase of the assessment process and are invited.

3. How do I pass the PwC Test?

There is no one-size-fits-all answer to this question, as the best way to pass the PwC assessment test may vary depending on your individual strengths and weaknesses. However, there are some ways to improve your chances: study hard for the tests, practise answering interview questions, and dress smartly.

4. What can I expect at the PwC Assessment Centre?

The PwC assessment test is a full day of activities that will test your skills and abilities. You can expect to complete a number of exercises, including case studies, interviews, and group activities. Be prepared to be evaluated on your problem-solving skills, teamwork abilities, and communication skills.

5. How long does PwC take to get back to you?

It can take a few weeks for PwC to get back to you. They will likely let you know whether you have been successful or not at the end of the process. Be patient and wait for the results.

Sarah is an accomplished educator, researcher and author in the field of testing and assessment. She has worked with various educational institutions and organisations to develop innovative evaluation methods and enhance student learning. Sarah has published numerous articles and books on assessment and learning. Her passion for promoting equity and fairness in the education system fuels her commitment to sharing insights and best practices with educators and policymakers around the world.

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PwC with the Ministry of Defence

Commercial Excellence

UK Defence has well-publicised affordability challenges. Not only must it keep existing Equipment Programmes running within affordability limits, it must also find headroom to invest in new capabilities, such as space and cyber. When the public finances are in a difficult state, as they are now, these challenges are even more acute.

Defence Equipment & Support (DE&S) sits within the UK MoD and buys and supports military equipment and services. It spends £11 billion annually and has already made major gains in driving efficiencies. But it needed to do even more to help address the overall affordability challenges of UK Defence.

DE&S needed an Efficiency Partner to do two things: help them meet very challenging short-term efficiency targets, whilst also helping them codify efficiency insights, approaches and tools, and transfer them into business as usual.

DE&S appointed PwC in July 2019, with two objectives:

Deliver £1 billion of efficiencies across the MoD’s 10-year Equipment Plan;
Build their internal capability, equipping DE&S to continue realising efficiency as part of its core mission with much less reliance on external help.

PwC recognised that these two objectives were inextricably connected and mutually supporting. Building the client’s own long-term capability relied on delivering efficiency in a way that was built around the client from the outset. Operational and Corporate Leaders in the business needed to own efficiency delivery, and to set their relative goals and priorities accordingly.

At the heart of PwC’s solution was the Efficiency Delivery Framework – a way of looking at DE&S’s business processes through an efficiency lens. The framework closely aligned with the acquisition lifecycle, and had five categories: right product, right support, right commercial construct, right price and right execution.

Working across all four DE&S delivery Domains (Ships, Land, Air and Strategic Enablers), PwC prioritised and agreed the list of projects to target. Over the course of the year, they embedded consultants within 19 separate client Delivery Teams, adding capability, capacity and confidence to what DE&S was already doing. This injected efficiency expertise and energy into established practices at the point it could be most effective, and offered external perspectives and challenge.

The capability-building element was designed to systemise and transfer efficiency insights, experience and tools from the PwC team’s ways of working into the business. PwC focused not only on the ‘upskilling’ of individuals, but also on creating the environment for those skills to sustain and grow, and be used effectively to deliver efficiencies in the long term.

The programme presented four main challenges: scale, complexity, fast pace and large targets. PwC met all objectives and surpassed client expectations — efficiency savings exceeded the contracted requirement, and internal capability goals were met in full. As a result, PwC was engaged for a second year.

View the PwC profile in the MCA Members Directory.

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PWC – Office buildings

Project description

Carrier chillers were selected to achieve optimal energy-efficiency and deliver a high BREEAM rating to comply with PwC’s corporate environmental policy. Following the project, the nine-storey, 42,000sq m commercial office building scored 96 out of a maximum of 100, giving it an equivalent BREEAM rating of Outstanding.

Three high performance Carrier AquaEdge™ 23XRV screw chillers helped PwC’s Embankment Place building achieve what is believed to be the highest-ever Building Research Establishment Environmental Assessment Method (BREEAM) rating for both new-build and existing buildings.

Designed by consultant ChapmanBDSP Limited, the building services solution for PwC’s refurbished London headquarters is based on a biofuel-powered combined cooling, heating and power (CCHP) plant. Cooling is supplied by three Carrier AquaEdge™ 23XRV 1.4MW water-cooled inverter screw chillers, plus adsorption units by another manufacturer.

The AquaEdge™ 23XRV chiller was the world’s first integrated variable speed, water-cooled screw chiller. Equipped with Greenspeed ® Intelligence, they were selected for their high cooling capacity, compact footprint and exceptional energy-efficiency.

With a SEER rating in excess of 10.0, they are among the most efficient chillers in the world. To provide resilience, the chillers are sized to allow two machines to meet the anticipated total load for the building, enabling one machine to remain on standby. They also provide full back-up in case the CCHP plant has to be taken offline for maintenance.

Chilled water is used to cool the building via chilled beams, with boilers providing heating to augment the low grade hot water circuit from the CCHP system. In addition, high quality comfort conditions are supported throughout the building with a combination of air handing units and fan coil units.

Andrew Keogh, Carrier’s UK Technical Director, says: “The compressors used by the chillers are based on a tri-rotor screw design, rather than the conventional twin-rotor. A tri-rotor delivers a much more balanced compression process, enabling tighter tolerances to be maintained. The result is lower parasitic losses and even better overall efficiency.”

The chillers are water-cooled, enabling a much higher capacity to be achieved for a given external plant footprint. Moreover, being based on an evaporative process, they are inherently more efficient. This, together with use of variable speed tri-rotor screw compressors, results in the system’s exceptional efficiency and performance.

Contributed to highest ever BREEAM rating
Significant ongoing energy savings
High quality indoor environment
Compact chiller footprint overcame internal space constraints
Low start-up current, protects building electrical supply
Excellent resilience: full back-up in case CHP goes offline
3 x Carrier AquaEdge™ 23XRV water-cooled screw chillers, equipped with Greenspeed ® Intelligence

The refurbishment project required close collaboration between Carrier and all parties, as the overall building re-fit took more than 40 months to complete. This required excellent communication and close management of delivery timescales to ensure plant and equipment was available when required.

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Audit of Financial Statements
Case Study: PwC UK auditor spent only 2 hours on BHS Audit

Wan Wei Han

In an email seen by Sky News, Kevin Ellis, chairman of PwC UK, reportedly blasted partner Steve Denison over his audit work for BHS, which last week led to a six-figure fine and 15-year ban for Denison and a record £10m fine for the Big Four firm (reduced to £6.5m).

In the email circulated to the firm’s nearly 1,000 partners, Ellis reportedly said his Denison’s work was “inadequate”.

The chairman outlined Denison’s numerous failings in overseeing the audit, such as “delegating too much work to a junior team member and only recording two hours of work during the completion stage.”

Furthermore, Ellis said that Denison had backdated his audit opinion, which said BHS was a going concern, by three days and that he “made a false statement on the audit file relating to the circumstances of the backdating”.

The audit report for BHS’ 2014 accounts was signed off on by PwC just days before Sir Philip Green sold the department store chain for £1.

Sir Philip Green, founder and owner of Arcadia Group

British HomeStores (BHS) was a highstreet retail chain operating throughout major parts of the UK. Founded in 1928 , it specialized in homeware and clothing. In its peak, it had 163 stores across the UK, with 74 international stores overseas. It entered into administration in April 2016.

The company entered the spotlight primarily because of the loss of 11,000 jobs and a pension deficit of GBP 571 million that the company was unable to payback. (*It’s former director Sire Philip Green was forced to pay GBP 363 million after he was threatened to have his knighthood removed).

BHS was a fledgling retail chain that collapsed in April 2016.

Although he said these actions were “unacceptable”, Ellis added that they did not impact the audit opinion itself.

Ellis acknowledged that the email would make “uncomfortable reading” for PwC employees.

He said: “This situation should not have happened and we need to face up to the failings and learn the lessons.”

The Financial Reporting Council (FRC) banned Denison from undertaking any audit work for 15 years and fined him £500,000, reduced to £350,000.

PwC fined record £6.5m over BHS audit

PwC and its audit partner Steve Denison admitted misconduct to the Financial Reporting Council (FRC).

PwC received a severe reprimand and was ordered to review and amend its policies and procedures.

The firm was fined £10m but the amount was reduced 35% to £6.5m for early settlement, which has been approved by an independent tribunal.

Steve Denison, disbarred from being an auditor for 15 years.

Denison cannot perform any audit work for 15 years.

He was also fined £350,000 and agreed to remove his name from the register of statutory auditors and not to apply to have his name re-entered on the register for 15 years.

The fines and the length of Denison’s undertaking not to perform audit work are the largest in the history of the FRC.

Denison worked at PwC for more than 32 years and stepped down earlier this month. He is currently the chair of the Yorkshire County Cricket Club.

PwC said in a statement, “We recognise and accept there were serious shortcomings with this audit work. We are sorry that our work fell well below the professional standards expected of us and that we demand of ourselves.

“We have agreed this settlement, recognising that it is important to learn the necessary lessons. At its core this is not a failure in our audit methodology, the methodology simply was not followed. As a result of our internal reviews we took swift action to enhance our monitoring procedures. We have agreed with the FRC to extend these further for an additional period.”

The Big Four firm said it had fully cooperated with the FRC throughout the investigation, including making a “very early” admission which awarded them a 35% discount in its initial £10m fine.

Originally Reported on Economia @ ICAEW and AccountacyAge on 21 July 2018.

https://economia.icaew.com/news/june-2018/pwc-partner-backdated-his-bhs-audit-says-chairman https://www.accountancyage.com/2018/06/22/pwc-auditor-spent-just-two-hours-on-bhs-audit-says-chairman/

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How the 'JASPER' writing course improved the work of my team

Home Office senior investigating officer Richard Murray explains why he recommends Foundations of writing in government (JASPER) course.

Richard Murray, Home Office

Richard Murray’s job is to investigate complaints against Home Office staff.

A complaint could come from a member of the public or from a colleague accusing a workmate of some form of wrongdoing.

The importance of clear and concise writing

Richard’s team’s role is to investigate it and produce a report summarising their investigation and the actions they recommend the Home Office should take.

“Our reports could lead to someone losing their job so it’s vital we write them clearly, accurately and in a way that sets out simply the nature of our investigations and their conclusions,” said Richard who is based in Manchester.

“So the whole team needs to be able to capture complex information in a way that is easy to understand – using short, simple sentences and plain English that avoids jargon.”

About the course

Foundations of writing in government (JASPER) is one of Government Campus’ most highly rated courses. It is free on Civil Service Learning and comprises four hours of bite-size learning that can be done at the learner’s own pace.

“I was looking for a course that would help investigators in my team to write with real impact,” he said.

“So I did JASPER myself and felt it could make a real difference.

“My team need to know how to communicate directly with the public. They also need to be able to write persuasively to justify their recommendations.

“I’ve noticed a qualitative difference in the work of those who have done the course. That makes my job easier and also means my team is able to meet the highest professional standards more consistently.”

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Blog The Education Hub

https://educationhub.blog.gov.uk/2024/08/20/gcse-results-day-2024-number-grading-system/

GCSE results day 2024: Everything you need to know including the number grading system

Thousands of students across the country will soon be finding out their GCSE results and thinking about the next steps in their education.

Here we explain everything you need to know about the big day, from when results day is, to the current 9-1 grading scale, to what your options are if your results aren’t what you’re expecting.

When is GCSE results day 2024?

GCSE results day will be taking place on Thursday the 22 August.

The results will be made available to schools on Wednesday and available to pick up from your school by 8am on Thursday morning.

Schools will issue their own instructions on how and when to collect your results.

When did we change to a number grading scale?

The shift to the numerical grading system was introduced in England in 2017 firstly in English language, English literature, and maths.

By 2020 all subjects were shifted to number grades. This means anyone with GCSE results from 2017-2020 will have a combination of both letters and numbers.

The numerical grading system was to signal more challenging GCSEs and to better differentiate between students’ abilities - particularly at higher grades between the A *-C grades. There only used to be 4 grades between A* and C, now with the numerical grading scale there are 6.

What do the number grades mean?

The grades are ranked from 1, the lowest, to 9, the highest.

The grades don’t exactly translate, but the two grading scales meet at three points as illustrated below.

The bottom of grade 7 is aligned with the bottom of grade A, while the bottom of grade 4 is aligned to the bottom of grade C.

Meanwhile, the bottom of grade 1 is aligned to the bottom of grade G.

What to do if your results weren’t what you were expecting?

If your results weren’t what you were expecting, firstly don’t panic. You have options.

First things first, speak to your school or college – they could be flexible on entry requirements if you’ve just missed your grades.

They’ll also be able to give you the best tailored advice on whether re-sitting while studying for your next qualifications is a possibility.

If you’re really unhappy with your results you can enter to resit all GCSE subjects in summer 2025. You can also take autumn exams in GCSE English language and maths.

Speak to your sixth form or college to decide when it’s the best time for you to resit a GCSE exam.

Look for other courses with different grade requirements

Entry requirements vary depending on the college and course. Ask your school for advice, and call your college or another one in your area to see if there’s a space on a course you’re interested in.

Consider an apprenticeship

Apprenticeships combine a practical training job with study too. They’re open to you if you’re 16 or over, living in England, and not in full time education.

As an apprentice you’ll be a paid employee, have the opportunity to work alongside experienced staff, gain job-specific skills, and get time set aside for training and study related to your role.

You can find out more about how to apply here .

Talk to a National Careers Service (NCS) adviser

The National Career Service is a free resource that can help you with your career planning. Give them a call to discuss potential routes into higher education, further education, or the workplace.

Whatever your results, if you want to find out more about all your education and training options, as well as get practical advice about your exam results, visit the  National Careers Service page  and Skills for Careers to explore your study and work choices.

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PwC comments on August 2024 ONS GDP data

Press Release
15 Aug 2024

Commenting on the latest ONS GDP data, Jake Finney, economist at PwC , says:

“ The latest growth statistics provide more evidence that the economy is gradually turning a corner as the new government takes office . UK real GDP expanded by 0.6% in the second quarter of 2024, powered by strong growth in the services sector, despite the fact that activity flatlined in June.

“ There is good reason to expect that the second half of 2024 will be strong too, given that wages are growing in real terms and the Bank of England has started to loosen monetary policy. Our modelling indicates that the economy will grow by 1% across 2024 as a whole, up from 0.1% last year. Though even this could be an underestimate, if there is an upturn in consumer spending as the economic climate improves.

“However, there is still some way to go if the government is to meet its ambitious target to become the fastest-growing G7 economy on a sustained basis . It will be difficult for the government to achieve that without addressing the post-pandemic rise in economic inactivity. Our analysis indicates that reincorporating this group into the workforce could boost economic growth by as much as a quarter of a percentage point a year, if done over a ten year period.”

The latest PwC UK Economic Outlook can be seen here .

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with over 364,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com . PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

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PwC Case Interview Guide 2024: Criteria, Technique & Tips

Overview of PwC case interview

The PwC case interviews occur after the video interview

PwC interviewers value leadership and business acumen

PwC case interview format is candidate-led

Candidate-led cases focus on one big problem

Candidate-led cases are flexible

Candidate-led cases focus less on being right

Three PwC case types

PwC individual case interview

PwC group case interview

PwC written case interview

Fundamental framework to solve PwC case interview

Five common frameworks for case interview

Five effective tools for case interview

How to prepare for PwC case interview?

Step 1: Familiarize yourself with candidate-led case examples

Step 2: Practice consulting math

Step 3: Develop business intuition

Step 4: Learn the fundamentals and frameworks

Step 5: Perform mock interviews

Tips for the perfect PwC case interview

Four tips for the perfect PwC group case interview

Three tips for the perfect PwC written case presentation

Case Interview End-to-End Secrets Program

PwC (Strategy&) Case Interview (questions, process, prep)

Click here to practise 1-on-1 with PwC ex-interviewers

2. PwC (Strategy&) interview process overview

2.1. Resume and cover letter screening

2.2 PwC (Strategy&) online assessment tests

2.3 First round interviews

2.4 Second round interviews

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4. PwC (Strategy&) case interviews

5. PwC (Strategy&) group case interviews

6. PwC (Strategy&) case presentations

7. PWC (Strategy&) case interview preparation plan

7.1 Learn the case interview essentials

7.2 Become really confident at maths

7.3 Research the company

7.4 Do mock interviews

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PwC Assessment Centre Success Guide

PwC Assessment Centre Criterion 1: Business and Client Service

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