Pimco Reviews

Updated August 28, 2014
Updated August 28, 2014
88 Reviews

2.2
88 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Douglas M. Hodge
9 Ratings

Review Highlights

Pros
  • Smart people who are generally approachable and will share knowledge (in 11 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)

  • There is no work life balance at all (in 8 reviews)

More Highlights

Employee Reviews

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  1.  

    It was a very beneficial internship experience that will give you a first hand look at investment banking.

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

    I worked at Pimco as an intern for less than a year

    Pros

    You are surrounded by intelligent, talented people who are willing to help you learn the ins and outs of investment banking and how the company runs.

    Cons

    The works hours are very long and you start very early. If you do well with their internship it does not guarantee a job after you graduate.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Portfolio Associate

    • 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

    Access to great mind, good robust investment process and competitive environment

    Cons

    unrealistic expectations, no growth path, need to get a sponsorship to grow within the organization.

    Advice to ManagementAdvice

    develop employee career and be merit based

    Recommends
    Neutral Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Terrible Culture.

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

    I have been working at Pimco full-time

    Pros

    pays a little more generously than the market. that's about all that's good and o yea some good benefits.

    Cons

    a lot of sucking up will get you far. People with real skills and talent are rarely ever promoted. UI developers? you're at the bottom of the stack and forget about promotion ever.

    Advice to ManagementAdvice

    Please weed out all terrible line managers because what got them there was butt kissing not real skills.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Horrible place to work

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

    I worked at Pimco as a contractor for more than a year

    Pros

    Interesting company given its position in industry.

    Cons

    I thought the culture was intolerant. Lots of racist, sexist, homophobic and anti-semitic comments on a daily basis.

    Doesn't Recommend
    Disapproves of CEO
  6. 1 person found this helpful  

    Intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Pimco

    Pros

    Flexibility and learning. In the overall is a very nice experience.

    Cons

    Too operational. Fast paced and stressful (for those who strive in that environment). If you perform , you are richly rewarded. If not, then it is not the place for you.

  7. 4 people found this helpful  

    Culture is unfriendly

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

    I worked at Pimco full-time for more than 3 years

    Pros

    The on boarding process was great. The new building and workplace supersedes any place I've ever worked at. Everything is brand new and top notch. The benefits are decent.

    Cons

    There is too much office politics and management does not listen to employee concerns. They are lacking in leadership skills across the board. The only feedback you will receive is negative or none at all. Seems they are only concerned about making themselves look good and playing favorites. There's no career development to speak of and it's difficult to move up in the firm. They may promote you to senior status but that comes with no additional responsibility or pay. The culture lacks diversity.

    Advice to ManagementAdvice

    Please develop your managers and make sure they have the skills necessary to lead employees rather than just job knowledge. Create opportunities to grow and develop within the firm to minimize loss of great talent. Treat your employees like they matter instead of like cogs in a wheel.

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

    A good place to learn the fundamentals, but skill set can be very PIMCO specific.

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

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

    Pros

    You can learn from very talented hard working professionals. Management is very understanding and kind. Work can be dynamic at times. Support for CFA programs ... although most CFA content does not help move you forward within the firm.

    Cons

    Early and long hours. Usually work through lunch. Always very busy and not much time to delve deep into projects. You might feel frustrated after working at the firm for 3-5 years with lateral growth rather than internal promotions. PIMCO prefers hiring in leaders not growing them internally.

    Advice to ManagementAdvice

    Employees should feel more involved and engaged. Many of the processes should be improved or automated.

    Recommends
    Negative Outlook
    Disapproves of CEO
  9. 4 people found this helpful  

    A place to earn experience and move on after year 2.

    • 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 for more than 5 years

    Pros

    If you make MD or SVP on the trade floor you will get paid way more than the sell-side (otherwise you get paid less).
    The name, it goes a very very long way, believe it.

    Cons

    Very dysfunctional culture and senior management. Very few opportunities for growth. None of the typical grooming for the future culture you see at other Wall St firms. They will hire talent from outside at all costs rather than promote from within. Will work you to the bone. High pressure environment with really little reward. Lots of politics, more politics than a cut throat law firm. Everyone is out for themselves. Very high turnover. Ridiculous focus on facetime. Employees are openly chastised and lashed out against. You will not find a single happy person, I have never met a single person who was happy at Pimco. People in the know in the industry know this is a miserable place to work, do not waste your time here, it is not worth it.

    Advice to ManagementAdvice

    Seriously need to provide better opportunities for growth to your best talent

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    All at everyones expense.

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

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

    Pros

    Smart people who are generally approachable and will share knowledge

    Cons

    This place will suck the life out of you, turn your hair gray and give you bags under your eyes

    Advice to ManagementAdvice

    Treat people like people, we arent just robots that dont burnout.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Great experience, but things have changed

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

    I worked at Pimco full-time for more than 10 years

    Pros

    World-class firm, smart colleagues, good pay.

    Cons

    Has apparently become very political with emphasis on face time
    Poor work/life balance.
    They're going through tough times and may have peaked out.

    Advice to ManagementAdvice

    Find another Bill Thompson for CEO!

    Recommends
    Negative Outlook
    No opinion of CEO

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