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3 people found this helpful  

Life is too short to be working at PIMCO

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

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

Pros

Brand reputation great.
California is a decent location if you don't want the city life

Cons

No place to go afterward that has upward mobility.
This place really will suck your soul.
Very hierchical.
If you are in your 20s or early 30s, this is a horrible place to waste away your life. Don't be sucked in.
The money/comp isnt as great as they make it out to be, or what you would expect from a firm like PIMCO

Advice to ManagementAdvice

Re-think your entire structure. The people at the top are amazing. But the hierarchy and the size have led to so many problems in the organization, that it has become a horrid place to work.

Doesn't Recommend
Negative Outlook
Approves of CEO

89 Other Employee Reviews for Pimco (View Most Recent)

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  1. 2 people found this helpful  

    5 YEARS OF HARD WORK, ZERO PERCENT YIELD

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

    I have been working at Pimco full-time for more than 3 years

    Pros

    Prestigious name on your resume but thats about it. Plus if they think they can suck you up for knowledge, they wil throw you lots of money & throw you out like yesterday's garbage.

    Cons

    This is a very toxic environment, popularity contest, senior managers with NO idea on how to run a department, ego-driven, mostly greedy individuals you will ever meet in your life. This place will suck you dry. The people are very mean & cruel, all they do is fight & stick each other in the back.
    They have the worst corporate culture on Wall Street, more horrific than Goldman, Merrill or Morgan. Maybe this firm will fall harder than any of these firms because this is the most Brutal, Toxic, Cruel & Mean Place.
    It has a Superiority Complex. They always tell everyone, if you don't work here, we will replace you in a hearbeat, tons of people waiting on line for your job.
    Also, they have the worst technology & operations dept in the industry. If you are in IT, don't work here, the management sucks, they spend lots of money for very little results. They have the highest expense on consultant fees with very little delivery.

    Advice to ManagementAdvice

    Wake up and smell the coffee, read the 360 degree reviews & see who should stay and who should leave this firm.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Colloborative and place to work

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

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

    Pros

    Tons of intellectual brainpower to learn from

    Cons

    Politics sometimes hinders the meritocratic culture seeking to promote

    Advice to ManagementAdvice

    Implement meritocracy culture

    Recommends
    Positive Outlook
    Approves of CEO
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