In this article, we will see the PWC Senior Manager Salary their duties and Responsibilities
Introduction
PricewaterhouseCoopers, or the PWC, is one of the four giant accounting firms across the world based in the USA and ranks 2nd worldwide among Deloitte, EY, and KPMG. The firm operates in over 150 countries with more than 28,000 people working for it.
As a Senior Manager of this reputed firm, one has to operate and supervise not only the general employees but also multiple numbers of managerial positions. The position includes a good many challenges along with a great deal of responsibility. Here we are going to discuss every bit and piece related to the senior manager position at the PWC.
What is a senior manager?
The title of senior manager is often encountered at large companies with multiple layers of management. A senior manager performs duties and responsibilities that are wider and broader in scope than any front-line manager. Implementing this higher-level position helps in the employment process to recruit experienced and seasoned professionals into respective roles that fit the cause for the company. Also, as the company progresses towards success, the complexity increases with the additional layers of management. To ensure smooth workflow among all the layers of the company, this position comes into play.
Job Description
As a Senior Manager at PWC, you are expected to guide not only the employees but also other managerial positions, monitoring the progress of the company, approving hiring and firing requests, maintaining the objectivity of the organization, making critical decisions for the better of the company, looking after the expenses of the company. You are expected to take the risk for the company and turn the odds in favor of the company at any cost.
Duties and Responsibilities
Most of the duties and responsibilities of the Senior manager are similar to the rest of the managerial positions. It is a hectic job to be one. The day-to-day responsibilities of a senior manager at PWC include:
- Guiding managers of different departments.
- Arranging meetings with other managers to discuss the rooms for improvement.
- Ensuring clarity on priorities and objectives for better functioning of employees.
- Approving requests for investment in certain shares, or projects, or products.
- Managing the over expenses and keeping the company revenue steady.
- Approving hiring as well as firing requests under his/her supervision.
- Working along and guiding several cross-functional teams assigned for various projects.
- Providing ideas for projects as well as improvisation.
- Working with senior management on various marketing strategies and supervising their execution.
- Identifying and solving the team problems leading to inefficiency.
- Carry out periodic evaluations of employees as well as managers to gather the best of the best team and leader for the job.
- Keeping track of the daily work and progress of the company.
Skills
Senior managers are there to make things happen. For such a top position job at PWC, one must master several skill sets; as with time, the situation may demand any of the following skills from you:
- Leadership: Talking about any manager job, the first skill that one must possess is the essence of leadership. Senior managers shoulder the huge responsibility of leading and coordinating several teams. Like, true leaders, it is their job to manage the upper as well as the lower hierarchy at PWC. Without true leadership skills, one can never be able to coordinate and supervise multiple teams.
- Communication Skill: Proper communication skills are an important asset for senior managers as they have to deal with both the upper and lower divisions of the PWC hierarchy. Be dealing with the junior managers, or different teams from different divisions; strong verbal and written communicators, always find it easy to handle the work pressure much better than others.
- Negotiation Skill: To hold control over so many teams, not only requires authority, but also strong negotiation skills. Connecting to people through their values and winning their hearts and minds is extremely crucial to get people working on a particular project, from several departments. Only through mutual respect irrespective of the working position, a company can function at its full potential.
- Time Management: Master the time and you will master the job. Delivering perfection within a short time is not everyone’s cup of tea. You have to learn the subtle art of time management not only for you but also for your company teams so that you can work as one and the assignments can be flawless. Also, a senior manager has many duties to fulfill other than team projects and guiding employees which require a sheer sense of time.
- Finance Management: If the project value doesn’t meet the cost, the project will soon run out of money and will stop. It is the job of the senior manager that the resource meets the cause. Prioritizing the work and approving the allocation of resources accordingly requires excellent financial management skills. He also has to make sure that there are no additional expenses and wastage which might hinder the company revenue.
- Organizing Skill: This post demands strong organizational skills, as multi-tasking is a part of their day-to-day activity. Also, several teams perform several projects and since supervising is also the role of a Senior manager, they must have insight into the project the teams are working on. Haphazard work needs a person with proper organizing capability.
- Critical Thinking Skills: A proper vision of the field can help you from grave losses and will also help you making remarkable progress for the company. You have to take quick yet cautious steps to solve company problems as well as problems within teams.
- Conflict Management: It is very common whenever a team works together, many conflicts or problems arise. Be it an employee-employee problem or an employee-manager problem, it is the job of the leader to rightly deal with it so that the team spirit doesn’t get broken and in turn doesn’t harm the work in progress.
- Multi-tasking Skills: A senior manager should know how to multi-task as his/her daily job demands guiding employees, meeting targets, solving problems, keeping track records, developing strategies, and executing them. He must be successfully able to juggle between these jobs with ease.
Educational Qualification
Putting the skill sets aside,
- One also needs mastery of certain courses like Business Administration or Finance-related subjects like Economics or Accountancy. For such a giant company like PWC, a bachelor’s degree won’t be enough in this tough era of competition.
- The most important asset in this field is experience. Certain Program Management Professional (PMP) certification programs are recommended to get the first-hand experience of the workload for this post.
- It is advisable to have 5-7 years of work experience at a crucial managerial position like that of a product or project manager for the company to understand the workflow system properly.
The Line of Difference
There is quite a big line of difference between any managerial position and that of a senior manager position at PWC, based on:
- Years of Experience: Applying for any managerial position requires experience, but applying for a senior manager role requires years of experience working as a manager. This gives a vague idea, of how much importance the post holds.
- Level of Expertise: A senior manager has a more extensive level of expertise than any manager at PWC. He has met more goals, accomplished more targets, and had top-notch achievements to be at a position above the managerial departments.
- Area of specialty: Various managers are appointed by the company to fulfill various roles, but a senior manager knows every area of specialty which is essential so that he can lead various managers along with their cross-functional teams towards success.
Salary
Senior Manager salaries in PWC may range from $78,150 – $2,88,605 per year. However, on adding bonuses and additional compensation, the average salary stands at $1,74,507 per year.
Working Hours
There are no standardized working hours for a senior manager. 9 hours a day is normal and when the workload is huge, the company may demand 12 -14 hours from you.
FAQs
- What makes a good senior manager?
The ability to communicate, negotiate, lead, organize, and think makes a person a good senior manager and worthy of the position.
- Is a Senior manager higher than any other managerial position?
Yes, senior managers hold higher positions than any other managerial position. They lead and supervise other managerial positions in their day-to-day work.
- Is the position only exclusive to PWC?
No, the position is also present in other big companies like Deloitte, EY, KPMG, and so on. Though, the position is exclusive to only such big companies, where there are complex and many layers of management.
- How can I advance to the position of senior manager at PWC?
There are no shortcuts to this position. You must have a bachelor’s degree related to the field, a PMP certification course certificate, and a minimum of 5-7 years of experience at any managerial position in the company. Though, product and project managers are the favorites to be selected in this position due to the extensive workload they take.
