PIMCO Reviews

Updated June 3, 2015
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2.7
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Recommend to a friend
Approve of CEO
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Douglas M. Hodge
25 Ratings

Pros
  • Surrounded by smart people who are driven (in 12 reviews)

  • that's about all that's good and o yea some good benefits (in 7 reviews)

Cons
  • There is a lack of work life balance (in 18 reviews)

  • Long hours and face time expectation (in 9 reviews)

More Pros and Cons

110 Employee Reviews

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  1. Decent place to start a career

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

    I have been working at PIMCO

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Working with very intelligent people
    Competitive compensation
    Decent work/life balance

    Cons

    Hierarchy structure
    Ceiling on development of associates

    Advice to Management

    Don't require an MBA for all manager positions, realize there is a lot of talent at the firm that will leave if structures are not changed.


  2. Good experience working here

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

    I have been working at PIMCO

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Smart colleagues; challenging work environment; encourage employees to learn new knowledge

    Cons

    Work long hours; stressful environment; should encourage employees to take vacations and create flexible schedules

    Advice to Management

    Create more flexible work environment


  3. Helpful (6)

    Portfolio Manager

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at PIMCO

    Pros

    Good processes and systems are far ahead of competitors.

    Cons

    Greed rules supreme, guys at the top have no interest in seeing anyone grow. They would rather hire from outside at any level below MD..which means no one has any value to the firm.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    Robot farm

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

    I worked at PIMCO full-time (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Break room ok. Very little else. Some nice people. Few of them. Hard to praise anything. Nice monitors I suppose.

    Cons

    Chained to the desk, no one talks. Freaky managers. Very little work to do. Sterile. Dull. Dead. Asked one staffer what she did and she said she was not sure. I knew how she felt.

    Advice to Management

    Live.


  6. Great place to work alongside smartest people in the business

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

    I worked at PIMCO full-time (More than 5 years)

    Pros

    You will be continuously challenged and encouraged to grow
    Get to work alongside smartest people on Wall Street
    Opportunities to work in international offices
    Tuition assistance and reimbursement for your MBA
    Looks great on your resume

    Cons

    You will be challenged on a daily basis and required to operate at your peak at all times
    Potentially long work hours, which can stressful
    Lack of upward mobility for certain positions
    Pay may be below market


  7. Senior Developer

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

    I have been working at PIMCO full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great benefits including cheap health insurance, 401K, pension, bonus, great location, gym onsite.

    Cons

    Work life balance, work can be political at time

    Advice to Management

    Let your employee grow and make own judgement call.


  8. Helpful (5)

    Overall a good place to work.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at PIMCO full-time

    Pros

    An overall great company. It's a behemoth of a firm in terms of its weight in the investment management industry. Offers some of the best benefits anywhere: 4 weeks vacation, inexpensive hmo or affordable and the best ppo health insurance, super cheap dental and vision, free on-site gym, 5% full 401k match, 5.4% retirement contribution, and stunning views of the Pacific Ocean.

    As everyone says, most of the people here are smart and accomplished. Keyword is "most." You can learn a ton here about fixed income. They also pay you very well and includes an annual bonus and potential retention or special bonuses. The total compensation package, therefore, is simply hard to beat.

    Opportunities for advancement and moving around within the company are available although politics and other factors may mean that it could take some time before they present themselves.

    Cons

    Remember the key word above? Different departments, certain departments, are not consistent with the rigorous hiring standards that PIMCO tends to employ. You end up with people rising the ranks with insufficient education and experience because of nepotism and favoritism; it's rather blatant, painfully obvious, and in your face, yet the perpetrators, beneficiaries, and benefactors are completely oblivious. Some constantly pat themselves on their backs for achieving such accomplished milestones when, in reality, they are merely the recipients of the fruits of their years of butt kissing and quiet, obedient subordination. Then the cycle continues, and they bring their chosen favorites onboard. This creates a culture in some departments that lacks diversity, intellect, and opportunities.

    Also, in some departments, the substantive work is bestowed only onto those with certain titles. Meanwhile, you have overpaid and, essentially, glorified admin assistants who do no real, intellectually demanding work. They entice you with bonuses, but, meanwhile, you are learning nothing, making no progress in your career, and they use this to their advantage because they know they have trapped you. It's just bad business and poor management to not utilize the full potential of your employees.

    Advice to Management

    Start managing your managers. Understand the level and degree of nepotism and favoritism that is occurring under your nose. It's not conducive to effective management nor does it lead to retaining your best employees.


  9. Helpful (2)

    This is a place where you are expected to work a lot and you will, most of the assistants work no more than 3 years.

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

    I have been working at PIMCO

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    You work with smart people and you have great benefits, 15 vacation days per day and a lot of flexibility.

    Cons

    There is no life - work balance at all, you will be exhausted and sometimes their policies are overwhelming.


  10. Helpful (3)

    Great benefit, but..

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

    I have been working at PIMCO

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    They offer a great benefit package.

    Cons

    Employees have no respect toward peers.


  11. Helpful (3)

    Portfolio mngr

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

    I worked at PIMCO

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good location and pretty building and office. Love Orange County. There are some nice people who work there but most people are just out for themselves

    Cons

    Long hours, hard to advance. MDs only care about themselves. Very hard to get promoted. They tend to hire from the outside instead of promote from within.

    Advice to Management

    Mentor better and promote from within. Communicate better. Have a training program. Treat employees with more respect. Hire more help.



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