There are newer employer reviews for PIMCO

2 people found this helpful

Too much hard work for little to no pay

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Analyst
Current Employee - Analyst

I have been working at PIMCO full-time (more than 5 years)

Pros

Competitive environment and a lot of fixed income knowledge to soak in.

Cons

There is a lack of work life balance.

Doesn't Recommend
Neutral Outlook
Approves of CEO
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  1. Incredibly fast-paced work environment.

    Former Employee - Associate in Newport Beach, CA
    Former Employee - Associate in Newport Beach, CA

    I worked at PIMCO full-time

    Pros

    Some of the nicest, most genuine people you will ever meet. Employees really do go out of their way to teach and help you with problems you encounter while on the job.

    Cons

    Lean organization leads to an additional workload. If you're not looking for a fast-paced environment, PIMCO is not the place for you. I think a lot of employees tried to put on their "work face" and look like they loved working at PIMCO when the opposite may very well have been true if you talked candidly with anyone.

    Approves of CEO
  2. 9 people found this helpful

    Avoid the PIMCO technology debacle

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Software Engineer in Newport Beach, CA
    Current Employee - Senior Software Engineer in Newport Beach, CA

    I have been working at PIMCO full-time

    Pros

    Complete job stability. Great California weather.

    Cons

    PIMCO technology is engaged in a costly effort using 1990s technology to support 2013 trading volumes. Management has no or severely outdated technical skills which has lead to several negative trends becoming entrenched:
    - developers are uniformly incorrectly incentivised on the speed in which work is completed, software quality is completely ignored
    - your boss won't understand or be able to value your work so promotions are all done mafia style based on your perceived & demonstrated loyalty to your boss and your penchant for politics
    - As technology fails to deliver on a project, an elaborate charade of pretending to do everything possible demands very long hours which management regards highly.
    - Great software is written by great teams and no teams are functioning well at this place, while good employees plot their departures or remain disgruntled, those with outdated skills are the only ones who are not planning on going anywhere since they are so over-paid.

    Advice to ManagementAdvice

    A new CTO joined in 2012 and was quickly swallowed in the quicksand. Any changes to the status quo will be met with a severe backlash; however, the constant demand for more "resources" and bigger budgets will only lead to more window dressing. A handful of good teams could deliver far more value than the currently bloated structure so focus on hiring a few managers with modern technical skills.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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