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Double-digit growth at PwC
16 September 2016
For the second consecutive year Big 4 firm PwC UK has reported double-digit revenue growth. Revenues grew to a record £3.44bn for the year ended 30 June 2016, up 11% of last year. The distributable profit per partner was however down 5% to £706,000, due to the firm’s continuing strategy to invest in ‘people and technology’. This is a 12.8 multiple of average employee pay and bonus.
All of PwC’s core businesses – assurance, tax, deals and consulting – delivered good growth. Consulting saw the biggest rise at 26%.
The firm now employs 21,000 people across its 64 offices in the UK, Channel Islands and Middle East.
The firm took on 1,600 graduates and school leavers on during the year and more than 2,000 experienced professional. The report also reveals some 96,000 people applied for a job at PwC.
Last year the firm became the first major employer to drop UCAS points as its graduate recruitment entry requirement, as a way to widen access to the firm. This meant in the latest student intake 38% were first generation graduates, 73% attended state school, 14% came from homes eligible for income support and 9% were eligible for school meals.
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