Don’t know if this is particularly newsworthy but we happened across this PwC posting for audit interns and thought hey, it might be neat to look back on this ten years from now and see it’s barely increased at all just how much it’s increased since the good old mid-’20s. Assuming this website still exists in 2035, that is.
So in 2025, PwC is paying summer interns $30.75 – $40.75. The winter intern posts we found don’t have a pay range listed.
Here’s the YouTube video they linked if anyone would like to spend three minutes and 36 seconds getting elevator pitched on this internship.
On the topic of working in audit at PwC, we have a much better video coming up that we’re almost done editing. The original is a relic that will make you pine for Pizzarias and Surge.
EU Crafts $962 Billion Show of Force to Halt Euro Crisis [Bloomberg]
With the Euro under pressure, the European Central Bank has hatched a plan to “offer financial assistance worth as much as 750 billion euros ($962 billion) to countries under attack from speculators.” EU countries are chipping in 440 billion in loans, the EU’s budget throws in 60 billion, and 250 billion from the International Monetary Fund.
The funds will be available to those countries that experience a financial crisis similar to Greece. Portugal and Spain have debt to GDP ratios of 8.5% and 9.8% respectively, exceeding the EU’s mandated limit of 3%. package approved last week, receiving 110 billion euros “after agreeing to unprecedented austerity measures,” triggering riots in the country.
Dubai Holding Hires Debt Advisers [WSJ]
Dubai Holding Commercial Operations Group, a part of Dubai Holding (not to be confused with fellow Dubai conglomerate Dubai World) has hired PricewaterhouseCoopers to help them with a teenie debt restructuring project. DH’s debt issues come about after Dubai World is still working to restructure the $14 billion in outstanding debt that it has with its creditors after a slight panic late last year.
UPDATE: KPMG and Deloitte are getting in on the fun as well, as the Financial Times reports that they have been engaged to advise Dubai Group and Dubai International Capital, respectively.
You Complete My Audit [CFO]
Had your auditor for awhile? If you want to crack the top 100 of longest auditor-client relationship, you’d have to be putting up with the same firm for over 50 years. According to the CFO’s analysis of Audit Analytics data, the longest auditor-client relationship belongs to Deloitte and Proctor & Gamble who have been together since 1890. PricewaterhouseCoopers’ longest relationship is with Goodyear Tire & Rubber, starting in 1898; Ernst & Young with Manulife Financial, 1905; KPMG and General Electric go back to 1909.
Of the 100 companies that have stuck with their auditors the longest, 97 of those companies were with Big 4 firms:
• PricewaterhouseCoopers – 34
• E&Y – 25
• Deloitte – 24
• KPMG – 14
Straight Talk about Brutality of White Collar Crime from a Convicted Felon [White Collar Fraud]
GC friend and forensic sleuth Sam Antar recently had some a two part interview produced that from his recent speaking presentations at Stanford Law and Business Schools. Part one is below and you can see part two over at WCF.
4 thoughts on “This is What PwC is Paying Its Audit Interns in 2025”
In 2017, I made $29 as an tax intern at big daddy D but I am not sure where I was in the range of compensation for interns at that time…but in today’s economy I think $30 is very low. $40 seems fair considering how much starting salaries have grown in the last couple of years.
1
Cut your losses and jump ship.
Long timer CPA
With master’s in taxation and other master’s degree in business, I believe working for a CPA firm is a loss of time.
Unfortunately, time is the only valuable assets you have if you are not one of the chosen in the firm because of personality, revenue, shear ability, labor on fixed salary or nepotism, then you lose as the firm will always monitor utilization and profit per employee. You become less useful and a fixed cost, thus management team never tries to expand $$/hour or deeply train skills of underlying’s because it’s all about being a highly paid partner and making a trip to the deposit box. And that deposit timeframe only last so long and they know it.
Not necessarily defending PwC, but maybe keep in mind a few things: (1) These are college students, not graduates. (2) Many internships and summer jobs pay substantially less (even minimum wage). (3) There’s a lot of fluff in Big 4 internships, like group trips to fun locations, “community projects,” etc.
It’s not like PwC is going to make any real money off work performed by interns. It’s ultimately just a cost center for the firm, to try & recruit a fresh class on new hires when they graduate.
1
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In 2017, I made $29 as an tax intern at big daddy D but I am not sure where I was in the range of compensation for interns at that time…but in today’s economy I think $30 is very low. $40 seems fair considering how much starting salaries have grown in the last couple of years.
Cut your losses and jump ship.
Long timer CPA
With master’s in taxation and other master’s degree in business, I believe working for a CPA firm is a loss of time.
Unfortunately, time is the only valuable assets you have if you are not one of the chosen in the firm because of personality, revenue, shear ability, labor on fixed salary or nepotism, then you lose as the firm will always monitor utilization and profit per employee. You become less useful and a fixed cost, thus management team never tries to expand $$/hour or deeply train skills of underlying’s because it’s all about being a highly paid partner and making a trip to the deposit box. And that deposit timeframe only last so long and they know it.
Not necessarily defending PwC, but maybe keep in mind a few things: (1) These are college students, not graduates. (2) Many internships and summer jobs pay substantially less (even minimum wage). (3) There’s a lot of fluff in Big 4 internships, like group trips to fun locations, “community projects,” etc.
It’s not like PwC is going to make any real money off work performed by interns. It’s ultimately just a cost center for the firm, to try & recruit a fresh class on new hires when they graduate.