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3 people found this helpful  

Almost impossible to go from Portfolio Associate to Portfolio Manager.

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

I have been working at Pimco full-time for more than a year

Pros

Will work directly with PM, but nothing to do with trade idea formation. Suggested trades will be to comply with fund guidelines or limitations. You do have the opportunity to step outside of the box and create trade write ups which they most likely will read. These must be exhaustive and foolproof - like all of the other PM's trade ideas.

Cons

You will be close to PM's but definitely have segregated feeling. Have to do things on your own to break out - this is hard. You basically have to make money, before being able to make money.

Advice to ManagementAdvice

Encourage trade ideas, well formulated trade ideas more so, from associates.

Recommends
Positive Outlook
Approves of CEO

89 Other Employee Reviews for Pimco (View Most Recent)

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  1. 2 people found this helpful  

    Eat you up and spit you out

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Professional  in  New York, NY
    Current Employee - Investment Professional in New York, NY

    I have been working at Pimco full-time for more than 5 years

    Pros

    Carefully constructed reputation in the industry

    Cons

    Culture is terrible. Management creates a class warfare culture where subordinates have little opportunity to grow.
    Employees are treated like commodities - initially promised the world but upon delivery by the employee - the company renegs on its promises.
    Resulting employee turnover seems completely expected, with an attitude that there is a line of people outside the door waiting to replace the poor used up souls.

    Advice to ManagementAdvice

    Allow for a natural progression of talent where it exists.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    Pretty Solid one star rating

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

    I worked at Pimco full-time for more than a year

    Pros

    Good reputation in financial industry

    Cons

    Plain bad culture at the technology group.
    Sacrifice of personal life earns you good impression and promotion - incapable managers and weak employees stay in office 12 hours a day staring at screens trying to reach 7pm... dressed up 'professionals' must eat lunch at desks even there's nothing to work on. All you need to do is to show how much you sacrifice yourself to earn good impression.
    If you do great job but need to work from home or leave early for family issues, you are a plain bad employee.
    Managers have no experience managing large scale infrastructure.
    Entry managers can't stand talent employees' great work and think that's threat to their positions.
    The general culture is 'Stay in office from 6am to 7pm for years and you will eventually get there. '

    Advice to ManagementAdvice

    Without replacing entry and middle level IT managers (some lazy senior managers too), you will never find your problems.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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