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PIMCO Europe Reviews

16 reviews

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3.3
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Joe McDevitt
9 Ratings

16 Employee Reviews

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  1. "Challenging place to work"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at PIMCO Europe full-time

    Pros

    Very bright people. Better than average compensation.

    Cons

    Political. Generally weak to non-existent leadership and management. Poor culture. Low morale.

    Advice to Management

    Focus on improving leadership and management.


  2. "Senior Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Brilliant and very smart people, good work life balance, well paid

    Cons

    Very US centric, old boys club (you want to be an US white male if you want to progress in the firm)

  3. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    some access to superstar manager
    information sharing
    high quality senior leadership

    Cons

    terrible culture
    clueless middle management
    politics rules


  4. "Vice President - Account Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)
    Recommends
    Neutral Outlook

    I have been working at PIMCO Europe full-time (More than 3 years)

    Pros

    Very efficient organization, you work with top qualified people, interesting content, well paid, very international, steep learning curve

    Cons

    Bad management, lots of operational content involved in a client facing role, very political, very US centered, no career progression, no opportunities to move within the company

    Advice to Management

    Adapt to regional necessities, give people the opportunities to change, move internally to different positions, be more transparent


  5. "Account Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Very professional and competitive environment

    Cons

    Poor management and too lean organisation


  6. Helpful (1)

    "Don't join the Technology group unless you plan to die here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at PIMCO Europe full-time (More than 3 years)

    Pros

    Overall smart colleagues. Decent pay and benefits.

    Cons

    No career progression and growth. Too much politics. Pay in no way correlated to your contributions. No visibility. Limited opportunities to learn and grow.

    Advice to Management

    Review middle management's decisions rather than just taking their word for it. Provide more transparency in compensation decisions rather than leaving your employees with a feeling of getting thoroughly screwed.


  7. "Great on CV, but culture needs to be brought back"

    StarStarStarStarStar
    Former Employee - Associate
    Former Employee - Associate

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

    Pros

    - Looks great on C.V, highly respected
    - Working with brightest people in the business (Ivy league/Oxbridge across the board)
    - Flat mgmt structure, able to speak to MD's easily and frequently as long as adding value

    Cons

    - Long hours & hard work, which would be acceptable if compensation matched, but it didn't
    - MBA ceiling, lack of visible progression is why most leave
    - Unstable after Gross and MEE left, senior mgmt structure needs to be solidified with no more big name exits

  8. "Comp vs Culture"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Negative Outlook

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

    Pros

    Comp profile, benefits, high caliber talent

    Cons

    Culture, pressure, hours, Bill Gross is out


  9. "Great place to work at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Steep learning curve: working with bright people who are keen to get you up to speed.
    Challenging enviornment: always expected to perform, which I believe is a positive.
    Flat structure: everyone is accessible.
    Great work/life balance, at least in Europe
    Great opportunities afterwards.

    Cons

    Associates hardly ever become PMs, AMs. They are mostly stuck in their associates role until they decide to move somewhere else or do an MBA.
    Too much discrepancy in compensation between people at the top and the rest.

    Advice to Management

    Increase compensation of more junior people and incentivize career progression more for the associates.


  10. Helpful (2)

    "Good reputation bad career prospects"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous
    Current Employee - Anonymous
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Smart people, good premises, nice atmosphere, fixed income expertise is impressive

    Cons

    No career opportunities for most employees, elitarian environment based on being from the right school and family, politics much more important than work. Most junior staff leaves due to lack of progress.

    Advice to Management

    Fundamental change in promotion process and compensation needed. Most employees do not believe that it is based on fairness. Less politics and more result-orientation required.


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