PIMCO

  www.pimco.com
  www.pimco.com

PIMCO Reviews

Updated December 13, 2014
Updated December 13, 2014
98 Reviews
2.2
98 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Douglas M. Hodge
16 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

Sort: Popular Rating Date
  1. 2 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
  2.  

    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
  3. 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
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    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
  6.  

    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
  7.  

    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

  8. 3 people found this helpful  

    Great learning environment.

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

    I have been working at PIMCO full-time (more than an year)

    Pros

    Great name on your resume. Don't expect though that when you move to a different company you will be able to normally communicate with your "best" buddies from PIMCO

    Cons

    Competitive environment. If you are not a manager's protege it is not always clear what direction to follow and what are your expected daily duties. Be careful and document every step. Sometimes just doing it takes more time than to actually do work.

    Advice to ManagementAdvice

    Middle level management should not be so scared to loose their compensation and bonuses and be more protective of an actual doers not talkers. It takes guts to be a a great manager and PIMCO is a shark tank with no mercy and no second chances.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    Working at PIMCO were the darkest years of my long career. Like working in a Peruvian salt mine but with more sunshine.

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

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

    Pros

    -Newport Beach
    -Great new building
    -Name looks good on a resume
    -Some of the people are great

    Cons

    -Horrendous work/life balance
    -A larger proportion of jerks relative to regular folks than any place I know
    -Third-world level of income disparity between the MD's and everyone else, even EVP's, SVPs
    -A completely unsustainable culture as evidenced by the fact that neither Gross or El-Erian could take it.
    -Areas like product management are hugely overstaffed

    Advice to ManagementAdvice

    Completely overhaul the culture. Don't just pay lip service to work life, make it happen. Take some of the $1.6bn in the bonus pool for 60 MD's and spread it around a bit more. Maybe use it to make life just a little bit better than it is now by say, allowing some first class travel and not nickle and dinging people on expenses.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 2 people found this helpful  

    They had it coming. Goodbye Bill Gross your weathered looking catchers mit. You should have retired 10 years ago.

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

    I worked at PIMCO full-time (more than an year)

    Pros

    What used to be a top notch brand on your resume

    Cons

    They work you til you turn gray and have bags under your eyes. Then they bury you in the ditch out back

    Advice to ManagementAdvice

    Consider getting more hands on

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 3 people found this helpful  

    Good company but not fair company culture

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at PIMCO

    Pros

    access to great knowledge a known name

    Cons

    very political in ways - must be part of the group mentality - some ways like cliques in HS or college

    Approves of CEO

Work at PIMCO? Share Your Experiences

PIMCO

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.