Enhancing Employability: Graduate Career Report on PwC Australia

This report provides a comprehensive analysis of a PwC Australia graduate career report, fulfilling the requirements of the Enhancing Employability module. It begins with an introduction to PricewaterhouseCoopers (PwC), followed by an examination of PwC's company profile, including its history, mission, vision, and values, as well as its product offerings within the marketing mix, pricing strategies, and promotional activities. The report also covers PwC's competitors and its present financial situation, including recent financial performance and trading conditions. A significant portion of the report is dedicated to a personal SWOT analysis, identifying strengths, weaknesses, opportunities, and threats relevant to a career at PwC. Furthermore, it delves into the assessment process, detailing job analysis, required competencies, measurement techniques, interview processes, training programs, and implementation strategies. The report also outlines the roles and responsibilities of a junior analyst within PwC and concludes with relevant references and appendices. This report is designed to provide a thorough understanding of the graduate career prospects at PwC Australia.

GRADUATE CAREER REPORT WITH SPECIFIC
REFRENCE TO PwC AUSTRALIA

GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
Contents
INTRODUCTION.......................................................................................................................................2
OUESTION: 1.............................................................................................................................................3
PwC’s: COMPANY PROFILE...................................................................................................................3
PwC’s Product in the Marketing mix...........................................................................................................4
PwC’s Price in the Marketing mix...........................................................................................................4
PwC’s Promotion in the Marketing mix..................................................................................................5
COMPETITOR’S OF PwC.........................................................................................................................5
PRESENT FINANCIAL SITUATION OF PwC.........................................................................................5
QUESTION: 2.............................................................................................................................................8
PERSONAL SWOT ANALYSIS................................................................................................................8
QUESTION: 3...........................................................................................................................................10
ASSESSMENT PROCESS ACCORDING TO EMPLOYESR’S ACTUAL ASSESSMENT..................10
JOB ANALYSIS...................................................................................................................................10
COMPETENCIES.................................................................................................................................10
MEASUREMENTS..............................................................................................................................10
INTERVIEWS.......................................................................................................................................11
TRAINING............................................................................................................................................11
IMPLEMENTATION...........................................................................................................................11
CONCLUSION.........................................................................................................................................12
QUESTION: 4...........................................................................................................................................13
APPENDIX -1...........................................................................................................................................13
QUESTION: 5...........................................................................................................................................14
APPENDIX -2...........................................................................................................................................14
REFRENCES............................................................................................................................................16
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GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
INTRODUCTION
PricewaterhouseCoopers is a firm with powerful network and accomplish to deliver quality in
Assurance, Tax, Advisory and Technology Services. PwC advisory Financial Crime Unit (FCU)
teams provide the opportunity to graduates to join the company related to the international
financial sector legislation as a Junior Analyst and provide a chance to develop career in an
international environment. For this individual’s strengths, weakness and threats, examine and
assessment process are evaluate for the changing needs of employers, in both general and
specific organizations and its branches.
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GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
QUESTION: 1
PwC’s: COMPANY PROFILE
PricewaterhouseCoopers (PwC) is a world leader among one of the ‘Big Four’ and second-
tremendous professional service firm in the world headquarters in London, United Kingdom.
Supply quality services consist of assurance, tax advisory, tax controversy, strategy consulting,
data and analytics, management consulting, and financial advisory. Possess staff about 223,000
globally among them 7,000 employees from Australia itself (Kalus et al., 2017)
PwC Yesteryear
PwC’s journey started in 1854 by William Cooper and later his brothers joined him. In 1957 as
the name of the organization changed as per decided by the three firm member that is Cooper
Brothers, McDonald firm with Lybrand, Ross Bros and Montgomery. In 1890 new branch office
was establish because of increasing trade between United Kingdom and the United States, also
through various mergers and acquisitions PwC leading towards the growth and expansions of its
business units. The emergence of final name is through merger in 1998 by the coalition of the
name Price Waterhouse and Coopers & Lybrand and now it known as PwC (PwC.com, 2017).
MISSION
 To delivered an incomparable level of services
 To bestow for the sustainable growth of the economy through enforcement of reliable
and high standard audits construct on logical leadership and creative teamwork
VISION
 To enhance trust among society and puzzle out important problems
VALUES
 Rectitude
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GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
 Distinctive in nature
 Management
 Work cooperatively
PwC’s Product in the Marketing mix
With the broad and well-diversified marketing areas, PwC serve their services in different
product folio like assurance, consulting, deals and tax. Sometimes also, provide special
assistance according to the specific requirements of client need and render an integrated
approach. Mostly 40% of services are rendering to European companies through company’s own
distinct legal entity. PwC is performing for both the private and public clients by focusing on
concept of business-to-business organizations. Along with all these functions PwC, also work for
different sectors like automotive, mining and energy, recreational, communication and media
(Couto et al., 2017).
A services line includes:
Tax: With the supreme tax services which provided at the worldwide level both in the terms of
scope and size, respective to taxation practices and reputation of the company. With the special
knowledge of taxation system, which includes about hundreds of national and local jurisdiction
across the world makes the company available to attract the clients.as different countries have
their own complex taxation norms and codes. PwC help them out by rendering services like
examine and management of tax risks, by execution of different taxation strategies respective to
the client business and operational objectives, through maintaining tax accounting and business
problems and resolve the arising conflicts with tax authorities.
Advisory: actuarial service line consists of “performance improvement, strategy, transaction
services, business recovery-services, business valuation, corporate finance, crises management
and sustainability”. Whereas HRS consists with the services like pensions
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GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
PwC’s Price in the Marketing mix
At the end of the fiscal year 2018, $41.3B (Customs, 2018) sales listed with the revenue
generated about $41.3B. PwC establish its own pricing strategies through identifying the ongoing
market financial position. As the company, render its services based on people-based-services
that depict different pricing policy according to the client and nation.
PwC’s Promotion in the Marketing mix
Promotion marketing strategy includes maintain its brand image through relevant advertisements
in media as Print media includes magazines and in social media inclusion of online media.
Promotion plays an important role for PwC as the firm provides intangible services and for this
type of services, brand awareness is somewhere important. (Kotler, 2018)
COMPETITOR’S OF PwC
PwC acknowledge as the most prestigious organization in the global market with revenue of
$41.3B . A stiff competition faced by PwC from the companies like:
Deloitte: Deloitte Touche Tohmatsu Limited founded in 1845 with headquarters at New York,
US. Act as a multinational service provider like audit, tax, consulting, enterprise risk and
financial advisory services and gives stiff competition to PwC (craft.co, 2018).
KPMG: founded in 1987 with headquarter at Amstelveen, NL. The company offers the same
services like internal audit, regularity with sectors like electronics, media, chemical and energy.
EY: Ernst and Yong is an international service company, established in 1989 based headquarter
in London, GB. Provide services of both actuarial and real estate advisory services.
Grant Thornton: situated at Chicago, US a service network with the same line of PwC that is
audit, tax and advisory service with the estimated employee 50,000 (craft.co, 2018)
Apart from all these some other competitors includes Accenture, Bain, McKinsey, Cap Gemini,
BCG, Porsche Consulting.
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GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
PRESENT FINANCIAL SITUATION OF PwC
PwC’s Chief Operating Officer and Managing Partner-International, Warwick Hunt shares an
Annual Report of the performance of UK and Middle East business, which published in June
2018.the main objective consist of development towards the sustainable and profitable growth in
long term through investment in employees, clients, and in technology (Pong, 2006). Report
depicts the current final situation of PwC, some highlights are:
Prior Financial year was so challenging and uncertain for PwC but after that, UK business
flourished and also requirement for services remained high in the United Arab and the Kingdom
of Saudi Arabia. That results, financial year 2018 as a great year across the UK and Middle East,
with total revenue growth of 5 % to £ 3.8 bn. With these employees, get bonuses up to £93.5m
(PwC.com, 2019).
Company situated at Middle East act as a main component of business and earn a revenue of
about 15.7 % in USD terms which is five times more in the size as compare to nine years ago
data. Through financially viable company wants to focus on technology, do commitments to
employees for their benefits, and pension. Apart from all these, investment for the growth of
business through collaboration with Google Cloud, establishment of Sales-force Customer
Relationship Management, and also worked for Workday Human Capital system across both at
the UK and the Middle East (PwC.com, 2019).
With all these investments, at the same time company also going to invest in modernize and real
estate.
CURRENT TRADING SITUATION
The end of 2016 and the initial of 2018 stated the stages of mini –boom in the economy, as now
2019 company expect the G7 economics for growing the business trade and uncertainty about the
global trade at the Brexit will be counter. In annual CEO survey, report 2019 recorded that 61%
employers concerned about the impact of trade wars on company’s growth (Sampson, 2017). To
cope with all situations some strategies adopted like adjustment of supply chain and saucing
strategy, shifting growth strategy to alternative territories. In addition, establishments of
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GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
modernizing trade agreements for the IP protection and focus on digital trade, as it is becoming
the part of trade agreements.
ROLE AND RESPONSIBILTY OF JUNIOR ANALYST
 Research Assignment is examining through both the sources that are internal and
external. Here internal sources include company’s vision, mission, objectives, policies,
rules and regulation whereas external sources include market demand and supply,
political environment (PwC.com, 2019).
 Assemble and analyzing of documentation with respect to the rules and laws with proper
regulatory process.
 Acquire proper knowledge and authentic information in the field of Financial Crime area.
 Perform on different client projects, which will deliver in all over the globe.
RECQUIREMENTS FOR PERFORMING JUNIOR ANALYST’S ROLES
 Possess with Potential and ability to think in analytical way for successfully resolve
complicated problems and issues of clients.
 Inbuilt with the quality of time management techniques and perform multitasking with
highest standard of quality.
 Interpersonal skills should be required to manage and build the relationship between
employer and employee for smooth running of work.
 Requirement of excellent written and spoken English, including knowledge about
European language for achieving tasks globally.
 Possess knowledge about the computer literature including Windows and MS Office that
helps to asset the financial service markets.
 Qualification require for junior analyst includes minimum Bachelor studies, preferred
economics, econometrics, and languages studies.
JUNOIR ANALYST ROLES THAT FITS WITHIN THE BUSINESS
The role of junior analyst of thinking analytical fits in the PwC to help the clients to implement
their resources at right place within the respective time by giving advices related to their services
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in different product folio like assurance, consulting, deals and tax. Sometimes also, provide
special assistance according to the specific requirements of client need so that clients can use
their information wisely (PwC.com, 2019).
By having, interpersonal and multitasking skills with good English and European language they
make themselves expressive and making believe in front of their clients to trust them (PwC.com,
2018).
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GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
QUESTION: 2
PERSONAL SWOT ANALYSIS
STRENGTH
 Analytical skill helps to focuses on the data examining and statistical analysis.
 Core subjects of graduation helps in drive business decisions through economics,
econometrics, and languages studies.
 Possess of interpersonal skills helps in maintain Customer loyalty relationships and
ability to complete assignments in timely manner
WEAKNESSES
 Level of responsibility at hierarchy level increase the accountability and leads to
distraction from core area of business
 Lack of ability to manage risk and diverse cultural that leads frustrations
 Job location and living as expatriates also acts as one of the biggest weakness
OPPORTUNITIES
 To be part of a new PwC Advisory Team
 To develop career in an international environment
 Changing government’s policies and political environment also gives the opportunity to
think analytical.
THREATS
 Changing customer’s requirements and needs according to the nation’s rules and
regulation.
 A development of new distribution channel includes the new technologies like media. In
addition, it leads threat related to privacy and unethical data acquisition
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GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
 Increasing the number of other competitive firms, influence the demand for a particular
orders and it is directly or indirectly affect individual career.
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GRADUATE CAREER REPORT WITH SPECIFIC REFRENCE TO PwC AUSTRALIA
QUESTION: 3
ASSESSMENT PROCESS ACCORDING TO EMPLOYESR’S ACTUAL
ASSESSMENT
Assessment process mainly run by human resource department it acts as an important role to
evaluate the employee performance in a true selecting way and encourage performing well in the
job .Basically, employer adopting assessment center to simulate the particular conditions that
will face by the employee in job. In addition, measure how employee react and deal with the
given situation. Assessment process according to employer’s actual assessment includes the
following points:
JOB ANALYSIS
The assessment process begins with job analysis, it refer to identify the detail description about
the respective job duties/ responsibility and requirements. After it, the acquired information use
by the organization to determine which employees are best fit for a particular jobs.
COMPETENCIES
Competence includes the particular set of skills, knowledge and ability that allows the employee
to improve his/her level of performance during job. A competency acts as a major element for
the assessors during the assessment center and addressed in performance related terms.
MEASUREMENTS
The next step after the job analysis includes the measurements through different instruments that
measure the individual competency at different level through different exercises like simulations.
Simulation refers to the reflection of a real life experience and exercises through leadership
group exercise, role-playing, presentations, in-basket and case study.
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