PIMCO Reviews | Glassdoor

PIMCO Reviews

Updated November 20, 2018
248 reviews

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3.6
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PIMCO CEO Emmanuel Roman
Emmanuel Roman
35 Ratings

248 Employee Reviews

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Pros
  • "Really smart people, entrepreneurial environment, great energy in the Austin office, opportunity to contribute and make an impact at all levels" (in 28 reviews)

  • "Good benefits, good work culture" (in 13 reviews)

Cons
  • "Not much work life balance as far as wfh" (in 29 reviews)

  • "The firm has always run lean and at times the work load can be challenging, requiring long hours or work on the weekend" (in 17 reviews)

More Pros and Cons

  1. "Senior Software Developer"

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

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

    Pros

    I have been given the latitude to work on various proof of concepts at the firm. Some of these POCs have made business sense for the firm and the firm has invested into these ventures. This has been made possible by the firm's belief to invest in Technology, a culture that strives for excellence and a very competitive set of Engineers working at the firm.

    Recently the firm started a Tech innovation center in Austin. The hiring process for new Engineers has thorough scrutiny to ensure that only the best developers make it into the firm. In addition, the firm is making strides at interfacing with CS departments at Universities to ensure a great pipe of young Engineers continue to join the firm.

    The firm is also putting a lot of emphasis in creating a diverse workforce. Lot of time and money is going in participating at events such as Grace Hopper and organizations that encourage participation of women in Technology.

    The above goes to show that PIMCO is a great place to work for Engineers who are passionate about Technology and want to grow their career by working in a thriving work environment. Opportunities in learning via pluralsight, safari books, linked in learning and offsite and onsite courses, are provided by the firm. In addition, Tuition reimbursement is provided.

    Cons

    I really don’t have any significant cons to list except that historically the firm has been bureaucratic and political, this is transforming but needs to change quicker.

    Advice to Management

    Firm needs to continue making efforts in transformation and investment in Technology via its hiring process. There are still bureaucratic pillars of politics lurking around various Tech departments. The power in these pillars needs to be broken down and put in hands of developers that contribute. The firm cannot afford to keep investing in places that continue to roll things for the sake of rolling things without any real results.


  2. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at PIMCO full-time

    Pros

    Intellectually stimulating, high-performance culture, work flexibility, vacation time

    Cons

    performance not tied to compensation, logistically operates as a small business

  3. "Talented professionals thriving in a toxic culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Exempt Non Officer in New York, NY
    Current Employee - Exempt Non Officer in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Some of the most talented and approachable investment professionals in the industry. Depending on your role, you can have the opportunity to work with some of the best and brightest.

    Cons

    Promises told to you so you join the company, but no follow on those promises. HR team does not support employees at all. It is easier to get FaceTime with the CFO then it is to reach anyone in HR. The company prides themselves on being lean when in reality they are badly understaffed and do not invest in their employees. Forced to work long hours, weekends and during your vacation. No support at all. No one even takes lunch breaks. Toxic culture with no reward for hard work. Almost impossible to get promoted unless you have personal relationships. It is not merit based.

    Advice to Management

    Complete lack of support for employees. People are your most valuable asset please invest in better HR professionals and have adequate staffing levels across the firm.


  4. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    No opinion of CEO

    Pros

    Surrounded by incredibly intelligent colleagues. Everyone is type-A, driven personality.

    Cons

    Salaries are low, culture equates long hours. You will never be home and you’ll work on weekends. This place will take you out without a care.


  5. Helpful (1)

    "A fantastic company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    + Work with some of the smartest people on the planet
    + Clients are incredibly intelligent, too, and will challenge you
    + Compensation is rewarding

    Cons

    - Work/life balance can be tough at times as clients, internal and external, can be demanding
    - Senior-level is a bit thick and thus can be tough to have your voice heard or feel like you're making headway promotion-wise


  6. "Human Resources"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources in Austin, TX
    Current Employee - Human Resources in Austin, TX
    Recommends
    Approves of CEO

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

    Pros

    Really smart people, entrepreneurial environment, great energy in the Austin office, opportunity to contribute and make an impact at all levels

    Cons

    not enough time in the day to get things done, heavy email culture so can be hard to keep up if you're not used to communicating via email

    Advice to Management

    continue investing in technology


  7. Helpful (3)

    "Account Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in Newport Beach, CA
    Current Employee - Account Manager in Newport Beach, CA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    The company is respected within the industry. Clients know and respect the brand.

    Cons

    Management structure forces senior team members to be focused only on themselves and not the greater good of the firm. All salaries are tiered by title and this incentives senior team members to take credit for the work of junior team members and not spend time developing a strong team.

    Advice to Management

    Actually care about the junior members of your team. Learn to be leaders not just managers in name. Hire more VP level talent and running so lean. Hire managers who want to be leaders not just promoting self centered individuals who have been sucessful so you can justify paying them more. and stop promoting into failure. STOP SAYING IT IS A MERITOCRACY.

  8. "Internal Account Associate GWM Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Account Associate in Austin, TX
    Current Employee - Senior Account Associate in Austin, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    This is a great firm for individuals that want a company who will invest in their talent.
    Flat organization that offers plenty of opportunity for interaction with other departments and senior members of the organization.
    Fair amount of autonomy in managing your day and sales territory.
    Competitive salary.
    Good people.

    Cons

    New CRM systems recently introduced so support issues were difficult to resolve early in the process.


  9. Helpful (1)

    "Perspective from an infrastructure team (non-investment)"

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

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

    Pros

    PIMCO is a high performing and collaborative culture. The professionals here are among the very brightest in the industry and some of the nicest investment professionals I've had the pleasure of working with (20+ years in asset management).

    PIMCO is lean shop so employees have a high degree of responsibility and there is ample opportunity to take on additional projects to broaden one's experience. Being lean also provides opportunity to have one's work be visible (great for those who want visibility and to be recognized).

    There is a new CTO so there a healthy emphasis on technology. Growth in technology goes beyond quant and data science (every asset manager growing on these fronts) and includes technology infrastructure which is unique relative to PIMCOs competitors.

    Cons

    The downside of being lean can mean for some longer than normal hours. As long as one is aware of this it shouldn't be a problem but if one is expecting to be in at 9:00 and out a 5:00 he/she is going to be disappointed.

    Advice to Management

    Keep up the positive momentum seen in the last few years (2016+).


  10. "Software Engineer"

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

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

    Pros

    Exceptional coworkers and management teams, much to learn from both
    Equipment and technology is top notch and leading edge
    Great feeling of teamwork and comradery
    Projects are both exciting and challenging

    Cons

    Seems to be more and more focus on development in Austin and unfortunately, I’m in Newport Beach


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