PIMCO - Almost impossible to go from Portfolio Associate to Portfolio Manager. | Glassdoor
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Helpful (4)

"Almost impossible to go from Portfolio Associate to Portfolio Manager."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Portfolio Associate in Newport Beach, CA
Current Employee - Portfolio Associate in Newport Beach, CA
Recommends
Positive Outlook
Approves of CEO

I have been working at PIMCO full-time (More than a year)

Pros

Will work directly with PM, but nothing to do with trade idea formation. Suggested trades will be to comply with fund guidelines or limitations. You do have the opportunity to step outside of the box and create trade write ups which they most likely will read. These must be exhaustive and foolproof - like all of the other PM's trade ideas.

Cons

You will be close to PM's but definitely have segregated feeling. Have to do things on your own to break out - this is hard. You basically have to make money, before being able to make money.

Advice to Management

Encourage trade ideas, well formulated trade ideas more so, from associates.

Other Employee Reviews for PIMCO

  1. Helpful (3)

    "Eat you up and spit you out"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Professional in New York, NY
    Current Employee - Investment Professional in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Carefully constructed reputation in the industry

    Cons

    Culture is terrible. Management creates a class warfare culture where subordinates have little opportunity to grow.
    Employees are treated like commodities - initially promised the world but upon delivery by the employee - the company renegs on its promises.
    Resulting employee turnover seems completely expected, with an attitude that there is a line of people outside the door waiting to replace the poor used up souls.

    Advice to Management

    Allow for a natural progression of talent where it exists.


  2. Helpful (2)

    "Pretty Solid one star rating"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Newport Beach, CA
    Former Employee - Software Engineer in Newport Beach, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Good reputation in financial industry

    Cons

    Plain bad culture at the technology group.
    Sacrifice of personal life earns you good impression and promotion - incapable managers and weak employees stay in office 12 hours a day staring at screens trying to reach 7pm... dressed up 'professionals' must eat lunch at desks even there's nothing to work on. All you need to do is to show how much you sacrifice yourself to earn good impression.
    If you do great job but need to work from home or leave early for family issues, you are a plain bad employee.
    Managers have no experience managing large scale infrastructure.
    Entry managers can't stand talent employees' great work and think that's threat to their positions.
    The general culture is 'Stay in office from 6am to 7pm for years and you will eventually get there. '

    Advice to Management

    Without replacing entry and middle level IT managers (some lazy senior managers too), you will never find your problems.


There are newer employer reviews for PIMCO
There are newer employer reviews for PIMCO

See Most Recent

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