PIMCO

www.pimco.com

PIMCO Reviews

Updated January 20, 2015
Updated January 20, 2015
102 Reviews
2.4
102 Reviews
Rating Trends

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Douglas M. Hodge
17 Ratings

Review Highlights

Pros
  • Smart people who are generally approachable and will share knowledge (in 12 reviews)

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


Cons
  • Work expectations are high-- PIMCO expects excellence which can affect your work-life balance (in 18 reviews)

  • Long hours and lots of stress, not sure if Newport Beach is worth it (in 9 reviews)

More Highlights

Employee Reviews

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  1.  

    very satisfied. Bright people stimulating environment

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

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

    Pros

    very bright people, strong client focus

    Cons

    Early morning hours make it hard for some people

    Advice to ManagementAdvice

    Focus on employees as the surest way to provide great client service

    Recommends
    Positive Outlook
  2. 4 people found this helpful  

    A once positive work culture has strayed from its founding principals and is in desperate need for the right guidance.

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

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

    Pros

    very smart people continue to be drawn to this company
    great place to learn a multitude of product types and trading strategies (if you can find someone willing to divulge extra information and time)
    benefits
    time off and holidays

    Cons

    groups are run too lean and resource allocation in critical areas are not well managed
    you must be willing to participate in the political popularity contest in order to get ahead
    very little work life balance (they will work the life right out of you)
    recognition for the people who are actually doing the work is poor at best, management takes a lot of credit

    Advice to ManagementAdvice

    do a better job recognizing and compensating those that actually do the work and keep the company functioning
    implement some type of mentorship and career path platform with identifiable and attainable goals

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 2 people found this helpful  

    Don't expect to get ahead, unless you are part of the "Good Ol' Boy Network"

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

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

    Pros

    Looks good on your resume

    Cons

    Oppressive working conditions; Processes are very poorly defined, with no interest in implementing improvements; Low-level personnel who have been in place for years are promoted based on longevity, not ability. There is no management training (because the company and the supervisors don't recognize lack of supervisory skills as an impediment to good operations).

    Advice to ManagementAdvice

    Time to shake things up, now that new CEO is in place. Take a hard look beneath the surface gloss, to identify & implement areas which would benefit from improvement.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 3 people found this helpful  

    May be Good Investment Company but very poor IT department

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

    I worked at PIMCO full-time (more than 3 years)

    Pros

    Was a Growing company with good future.
    Compensation is not great but above average.
    Good location in Newport Beach, CA.

    Cons

    The IT department doesn't run professionally. So, your growth manly depends on how you present to your superiors. As, most of the salary comes from Year End Bonus, everything depends on your image with superiors. There will be no reviews and nobody will care for peers. So, you should be prepared to handle very mediocre people rising very fast and dominating smart people.
    Those who do good work, will tend to get more work. Those will have very poor work life balance. At the same time, more that 50% people will be enjoying relaxed life like a retiree!
    Technology is not getting modernized. You will work with ancient structure of one machine, one server , one database and shell scripts.
    Evaluate after Bill Gross's unceremonious exit!

    Advice to ManagementAdvice

    Bring more professionalism than the personal cults as those run department like their fief.
    Value quality over pleasing superiors.
    Software department should be seen as asset than mere liability. Invest more in it to produce proprietor algorithms and quantitative software.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 4 people found this helpful  

    Shark Tank, But Potentially Lucrative

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

    I worked at PIMCO full-time (more than 3 years)

    Pros

    Compensation. Compensation. Compensation. (You just have to wait 5 or more years to really get paid; provided you can tolerate the insanity while you wait.)

    Cons

    Insanely political. Grind. Capital Markets hours are just stupid on the west coast.

    Advice to ManagementAdvice

    You got rid of your lead jerk; now get rid of all of his kind.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 6 people found this helpful  

    Bad culture

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

    I worked at PIMCO full-time (more than 3 years)

    Pros

    Compensation is good once you get to the more senior levels. Portfolio managers are fairly competent, it's an academic environment.

    Cons

    Overly intense culture, everyone takes themselves way too seriously - even when they're losing money.

    Advice to ManagementAdvice

    Leave California.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Great learning experience

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

    I worked at PIMCO full-time (more than 10 years)

    Pros

    Smart people, good pay, strong training opportunities, amazing benefits

    Cons

    Emphasis on elite education, can be political

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 6 people found this helpful  

    Consider only if you are ready to sell your soul

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

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

    Pros

    Salary
    Annual Bonuses
    Annual Raises
    Beautiful Building and Amenities
    With these items they tempt you in and make you think no other company will provide you with the same.

    Cons

    Elitist work environment. You are only as good as your title and get reminded of it every day.
    Client only comes first if they have the most invested with the company.
    There is no hope for any form of advancement unless you leave the company first to show your worth elsewhere.
    Management has ZERO backbone so there is no real structure
    I can go on for days, but why waste your time?

    Advice to ManagementAdvice

    Not worth wasting my time here. Management would rather step all over you than help you improve as a person and an employee.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Technology

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

    I have been working at PIMCO

    Pros

    Surrounded by a lot of accomplished people

    Cons

    Tough work environment. lots of stress

    Recommends
    Negative Outlook
    Approves of CEO
  11.  

    Work at PIMCO

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at PIMCO

    Pros

    Very smart people, intellectually challenging

    Cons

    Intense, demanding, can be political

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