PwC Associate Interview Questions, Process, and Tips

Q1. Options and their pricing models
Ans. 
Options are financial instruments that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price within a specific time period.
• Options can be classified into two types: call options and put options.

• The pricing models for options include the Black-Scholes model and the binomial options pricing model.

• The Black-Scholes model takes into account factors such as the current st...read more
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Q2. Why PE and CE used in option naming
Ans. 
PE and CE are used in option naming to indicate the type of option contract - Put Option and Call Option.
• PE stands for Put Option which gives the holder the right to sell the underlying asset at a specified price within a specified time period.

• CE stands for Call Option which gives the holder the right to buy the underlying asset at a specified price within a specified time period.

• Using PE and CE helps differentiate bet...read more
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Q1. Random forest vs decision tree
Ans. 
Random forest is an ensemble method using multiple decision trees to improve accuracy and reduce overfitting.
• Random forest is a collection of decision trees that are trained on random subsets of the data.

• Decision tree is a single tree structure that makes decisions by splitting the data based on features.

• Random forest is more robust to overfitting compared to a single decision tree.

• Random forest can handle missing valu...read more
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Q2. Assumptions of linear regression
Ans. 
Assumptions of linear regression include linearity, independence, homoscedasticity, and normality.
• Linearity: The relationship between the independent and dependent variables is linear.

• Independence: The residuals are independent of each other.

• Homoscedasticity: The variance of the residuals is constant across all levels of the independent variables.

• Normality: The residuals are normally distributed.

• Example: If we are pred...read more
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How power distribution companies make money

Q1. Basic Hygiene questions
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Aptitude and mental ability round

Q1. Introduce yourself to us
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Q2. Do you know python
Ans. 
Yes, I am familiar with Python programming language.
• I have experience using Python for data analysis and automation tasks.

• I am comfortable writing scripts and small programs in Python.

• I have used Python libraries like pandas, numpy, and matplotlib for various projects.
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Q1. Previous work experience about Contract management and ERP
Ans. 
I have 3 years of experience in contract management and ERP systems.
• Managed contracts with vendors to ensure compliance and timely delivery of goods/services

• Utilized ERP system to track inventory levels and streamline procurement processes

• Generated reports on contract performance and cost savings using ERP data

• Collaborated with cross-functional teams to implement new ERP modules for improved efficiency
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Q1. Why you want to change job?
Ans. 
Seeking new challenges and opportunities for growth.
• Looking for a new challenge to expand my skills and knowledge

• Seeking opportunities for career advancement

• Interested in working in a different industry or with a different team
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Q2. Why you want to join PwC?
Ans. 
I want to join PwC because of its reputation for excellence, opportunities for growth, and diverse client base.
• PwC is known for its high standards of excellence in the industry

• I am attracted to the opportunities for professional growth and development at PwC

• The diverse client base at PwC would provide me with valuable experience and exposure
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Q1. Experience in internal auditing & internal controls
Ans. 
I have 3 years of experience in internal auditing and internal controls.
• Conducted regular audits to assess compliance with internal policies and procedures

• Identified weaknesses in internal controls and recommended improvements

• Implemented new control measures to mitigate risks and enhance efficiency

• Collaborated with various departments to ensure adherence to audit findings
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Q2. Procure to pay process & their risk and mitigation of risk
Ans. 
The procure to pay process involves purchasing goods or services, receiving them, and paying for them. Risks include fraud, errors, and delays.
• Key risks in the procure to pay process include fraud, such as invoice fraud or payment fraud.

• Errors in processing orders, receiving goods, or making payments can also pose risks.

• Delays in any step of the process can impact cash flow and supplier relationships.

• Mitigation strateg...read more
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Q1. Current Salary Expectations?
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Q2. When can you join?
Ans. 
I can join within two weeks of receiving an offer.
• I can start within two weeks of receiving an offer.

• I need to give notice at my current job before starting.

• I have some pre-planned commitments that I need to wrap up before joining.

• I am flexible with the start date if needed.
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