chidike: @ calculus during what period does the appraisal take place? is it at the end of the year? quarterly? or bi annually? and will you know the score given by your mentor?

chidike:
How many years have you spent there and what is your level?

ify4charm: Hi Calculus12,

Thank you for clarifying alot of issues on this thread. I wanted to ask if PWC will reimburse me for the ACCA papers (both exempted and passed) that i have paid for, will they also pay the tuition costs that were incurred. Lastly, is there any support for CFA exams?

Thanks a bunch

Calculus12:

The firm will only reimburse you for exams taken while you were in their employment and not before then. If you happen to be in Assurance then CFA is not part of your development needs and as such will not be paid for by the firm. You can only take CFA at your own time and expense.

Calculus12:

The firm will only reimburse you for exams taken while you were in their employment and not before then. If you happen to be in Assurance then CFA is not part of your development needs and as such will not be paid for by the firm. You can only take CFA at your own time and expense.

joboy834:

Pls kindly explain how the Out-of-station allowances work in PwC

I hope it is not treated as advances(short-term loan) for staff expenses which needs to be knocked off ur receipt for expenses and a remainder is returned to PwC. I hope it doesn't work like that

Please I need explicit explanation on how this out-of-station works in PwC and if it is given irrespective of the state and client u re working on, because I know KPMG doesn't pay such. I worked in KPMG and they never pay such. So saddening!

Calculus12:

In PwC there is a difference between out of station allowance and Cash advance or PCV as we call it.

Out of station allowances are moneys each staff member in a particular job is entitled to for going on a job outside one's area of employment e.g traveling outside Lagos, given that you were employed for the Lagos office.

On the other hand, cash advances or PCVs are moneys given to particular engagement teams on request which are meant to take care of allowable expenses incurred by the engagement team while on the field.

Whenever a team is sent out on an assignment outside your primary work area e.g outside Lagos, each team member is entitled to a minimum of NGN 500 for each night spent in that location (this is higher for international engagements). If the team spends, say, 20 nights in that location, then each team member is entitled to a minimum of NGN 10,000 each.

If on the other hand a team decides to collect PCV because they don't want to spend their money and get re-imbursed for the expenses incurred, then the team would have to apply for it subject to the approval of the 'team manager'.

Once granted, PCVs are expected to be retired as soon as the job is done. On retirement, all supporting documentation for the expenses incurred are expected to be attached to the retirement form.

If after a job, no retirement is done then the outstanding sum is deducted from the salary of the team member whose account was used to collect the PCV, though deductions are done in tranche.

Please note that out of station allowances can be paid from moneys advanced to the team.

Hello calculus, really found your insights very useful, and I know this thread as been dormant for a while but if you are still there, just wanted to find out what the six week training entails. And how we going to be examined weekly or after the six weeks. Thanks in advance.

achmed1:

Please I am curious to know how you got that handle : nobody which doesn't have a profile yet can make comments.

Killit: Please who can shed more light on kpmg just as calculus did on pwc?

proficienc:
It would be much easier if specific questions were asked.

Killit: ok. Can we start with the remuneration and other benefits. Thanks in advance

proficienc:
Salary is between 120-150k (don't wanna give specifics) and you get leave,clothing,13th salary,bonus among other benefits.

proficienc:
Salary is between 120-150k (don't wanna give specifics) and you get leave,clothing,13th salary,bonus among other benefits.

Killit: pls what's 13th salary

Killit: thank you. What about the firm's policy on promotion or movement as pwc guys named it? Thanks again.

richarts: How can a Sociology graduate join these firms. Not as an auditor, tax or financial employee as the case may be.
Perhaps, there HR dept, Community Service dept, Customer Serv and departments that doesn't have to do with ICAN and the likes.
I am pretty much not good in mathematics or more clearly calculations.
Any possibility of joining, KPMG, PwC, Harworth and Dafinone, Accenture etc. as a Sociology graduate and what is the process.
NB: I have 2:1.

proficienc:
You have to know what you want first, then send your CV to the recruitment team(HR) with a very impressive Cover letter stating why you chose a department and how great an addition you'd be to the team.
This would work with majority of these firms esp if you are young.
Hope this helps you.
Cheers!

proficienc:

You move from SA to ESA to SS before being promoted to Senior 1 to 2 to 3 before Manager. Pretty much the same as PwC.

lovelyme2:
Thanks for your response, find it quite helpful. Going for my assessment next week, please do you have any do's and don't's you'd like to advice me on, plus i'm i expected to have an in-depth knowledge of accounting? Also, please could you expatiate, if one comes in as a graduate trainee, what is the growth path, or movement or tiers or promotional levels at KPMG. I know the thread is old, but i hope you or someone can help me with answers. Thank you.

proficienc:

AC is basically to test your confidence, command of English and your ability to think on your feet. You don't need in-depth knowledge of Account except you are an accounting grad. The promotion is pretty much what's in my post you quoted.

SegunMike:

Hello proficienc

Do KPMG take-in Trainees anytime of the year, or only Q4(August/September) ?
Thanks

proficienc:

Yes, they take anytime depending on need. But a large chunk of the recruitment is done in September.

lovelyme2:
Thanks for your response, find it quite helpful. Going for my assessment next week, please do you have any do's and don't's you'd like to advice me on, plus i'm i expected to have an in-depth knowledge of accounting? Also, please could you expatiate, if one comes in as a graduate trainee, what is the growth path, or movement or tiers or promotional levels at KPMG. I know the thread is old, but i hope you or someone can help me with answers. Thank you.

proficienc:

You have to know what you want first, then send your CV to the recruitment team(HR) with a very impressive Cover letter stating why you chose a department and how great an addition you'd be to the team.
This would work with majority of these firms esp if you are young.
Hope this helps you.
Cheers!

Shinelle:


Please what specialisation would you recommend for a graduate trainee in kpmg?
Audit , tax or advisory
i mean the departments, growth (promotions) remuneration, etc
i just need advice on this. Tnx

Hello D, I got your message. Below is my response:



* Starting salary is between 165k and 180k but it's safe to stick to 165k.

* There is salary differentials in PwC. The more value you add to the firm the more you are likely to get paid. Those who are chartered get more than their mates who are yet to be chartered but the salary differential with respect to this criterion is not material; say, between 5k to 15k.

* Your salary increases at every stage of your development. So, Yes, when you scale through the probation period (the first 6 months), your salary will increase to something between 175k to 195k.




You heard right! If you continue to perform very well, you should make the third level associate i.e Associate 1 (A1) in 1 year; starting from Associate 3 (A3). At A1, your salary should be between 185k and 205k.



Movements/Promotions in PwC is relatively fair compared to some other organisations. Moving within a grade level e.g Associates (A3 to A1) or Senior Associates (SA3 to SA1) is termed movement as long as they are within the same grade. Movement from one grade to another e.g from Associate to Senior Associate i.e from A1 to SA3 is termed promotion.

Appraisals are done with respect to any job you spend at least 40 hours on, and the appraisal system is such that you will be graded from a scale of (1) to (5). If you are graded either (1) or (2), it means that you are doing exceedingly well or you are performing beyond expectation. If you are graded (3) it means you are performing as expected. But anything below (3) is not good i.e you are performing below expectation.

For someone who is consistently ranked between (1) and (2) all through, the individual is expected to become a senior associate in just one and a half years from the moment he steps into PwC. But if the individual is ranked between (2) and (3), the individual might spend about 2 years before becoming a Senior Associate. You do not get moved or promoted when you are ranked below (3).

In summary, it will take a year and half to become a senior associate if you perform above expectation, 2 years if you are performing as expected but no promotion or movement if you are performing below expectation.



A first level Senior Associate (SA3) earns between 220k to 230k; a second level Senior Associate (SA2) earns between 260k and 275k while a third level Senior Associate (SA1) earns something in the region of 300k to 360k.



That is not true! Performance bonuses are paid at the discretion of the partners. Some Units meet their targets and get paid their bonuses but this bonus is NOT a 'Right'. If you get paid, then take it as 'other income'. Please don't plan your wedding based on this bonus otherwise you might get the shocker of a lifetime.



NO!!!



Your leave should come up anytime from July, 2014 and your bonus is paid when due. Human Capital (HC) will give directives to this effect. Usually you get paid your leave allowance towards the end of the month alongside your salary; but you must have commenced your leave and applied for the allowance at the exact time HC advised.



NO!!!



YES!!! Mainly conservative colours that do not constitute what one would term: Colour riot. This is different for ladies.



You can do without a Jacket but the suit pant is compulsory and you must wear a tie unless when you are at a client's site where 'dressing down' is the norm, then you can skip the tie but first get the permission of your Lead Senior.



1) Staff car loan.
2) Training.

I will strongly advise that you do not apply for a car loan because HE WHO GOES BORROWING, GOES SORROWING WHEN PAYING BACK. If you must buy a car, please save to buy one.



NO! NO!! NO!!! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!

ify4charm:
I got an offer with PWC to resume in oct and ve recently been called by KPMG for medicals to resume in Sept. Pls advise on the one i should choose.Thanks