PwC is lowering its bar for new graduates joining the firm, CityAMreports.
The Big Four professional services business has said candidates will no longer need to have scored at least a 2:1 in their undergraduate degrees.
The move to accept applicants with lower division second-class and third-class honours put the firm at odds with peers such as KPMG and Deloitte, which maintain the higher entry standard.
EY, the remaining Big Four firm, says it is “flexible” on those with lower grades but the 2:1 level is still seen as its “floor”.
PwC told the paper the move would “further diversify its graduate intake through broader access to talented young people, who may not have the top academic achievements but have the attributes and all-round proven capabilities for a career with the firm”.
Meanwhile, PwC is also loosening requirements for its school leaver programme, allowing those who miss the required A Level grades to keep their spots, according to CityAM.
Ian Elliott, chief people officer at PwC, told the paper: “Whilst academic achievement has its place, for far too many students there are other factors that influence results.
“Talent and potential is determined by more than academic grades and so removing the 2:1 entry requirement will open our roles to a greater pool of talent.”
PwC has attempted to differentiate its culture as City firms continue to look at how to attract and retain the best people in the wake of the pandemic.
This summer, the firm’s staff have been able to clock off at lunchtime on Fridays, after a ‘summer hours’ scheme was piloted successfully.
It has also introduced flexible working for two-to-three days a week, and allowed staff to chose when to take up to two of their bank holiday days.
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