PIMCO Employee Reviews | Glassdoor

PIMCO Reviews

Updated February 13, 2017
189 reviews

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Full-time Part-time

3.0
Star Star Star Star Star
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PIMCO CEO Emmanuel Roman
Emmanuel Roman
2 Ratings

189 Employee Reviews

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Pros
Cons
  • very little work life balance (they will work the life right out of you) (in 24 reviews)

  • Extremely long hours and a lot of turnover (in 14 reviews)

More Pros and Cons

  1. "Good job"

    Star Star Star Star Star
    • 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
    Neutral Outlook
    Approves of CEO

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

    Pros

    - Good work/life balance.
    - Company is in process of technically evolving which creates opportunities for A+ employees.
    - Culture and values of the company are strong. People are generally nice.

    Cons

    Lack of young talent. Overall lots of contractors and less full time employees. While the hiring criteria for full time positions is tough, the contracting positions typically have a less strict hiring criteria.

    Advice to Management

    Bring in younger talent. Be more critical in your hiring. Push for new ways to simplify and solve the problems.


  2. "Associate Salary"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Academic environment with a strong focus on macroeconomics

    Cons

    Little lateral mobility, lack of transparency


  3. "Challenging but difficult team environment"

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

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

    Pros

    Intellectual, challenging work, stimulating a

    Cons

    Political, difficult work environment,not collegial

    Advice to Management

    People are you assets


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  5. "Great learning experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Newport Beach, CA
    Former Employee - Analyst in Newport Beach, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    You will learn a lot about investment management no matter what dept you are in

    Cons

    High pressure environment, does not tend to hire from within horizontally

    Advice to Management

    Stick to your circle of competence... bonds


  6. "Business Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Business Analyst in Newport Beach, CA
    Current Employee - Senior Business Analyst in Newport Beach, CA
    Positive Outlook
    No opinion of CEO

    Pros

    Working to change its culture and be more inclusive

    Cons

    Politics, old boys club, difficult to move up, difficult to achieve work-life balance


  7. Helpful (1)

    "Little to none mobility for non-executive positions"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Assistant in Newport Beach, CA
    Current Employee - Administrative Assistant in Newport Beach, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    - Excellent working facilities includes a cafeteria and gym with showers
    - Amazing View of the Ocean
    - Great health care benefits, dental, life insurance options & 401K
    - Good employee volunteer program
    - Professional setting; suits, ties and pant suits, Wall Street meets Beach Life

    Cons

    - Administrative Supervisors lack TRUE & GENUINE leadership qualities and lack knowledge on cultivating careers of their subordinates that want to grow within the firm
    - Very clique-oriented & gossip-driven; Supervisors gossip about subordinates' personal and processional issues with other non-supervisors; Complete HR issue but they just get slaps on the wrists.
    - Good and dedicated employees are not promoted despite reaching all marks on this ridiculous matrix
    - Senior tenured admins are given special treatments to new roles and positions despite how un-knowledgeable they are with new roles
    - High turn over for New Hires and if they stay on, they are put on contract for months to years.
    - The work expected of you does not match the title given despite the industry and competitor standards; titles are Admin Assistant, Senior Admin Assistant, Coordinator, Senior Coordinator, and then Supervisor. The type of tasks given to us are deemed more as Executive Assistants but the only admins that hold those titles are the admins in the "Executive Office" but the last I checked, if you support Executives (i.e. VPs, SVPs, EVPs, & Managing Directors in other departments) that would constitute you being an Assistant to Executives, hence Executive Assistants.
    - If admins are interested in other positions within the firm, they have to go through their supervisors to approve their application. WHY? Most supervisors don't want you to leave because it'll 'shuffle things around' and create more work for them.

    Advice to Management

    PIMCO recently cleared out tenured administrative supervisors; however, divided various departments among the remaining supervisors. Unfortunately, setting Goals & Objectives are just to 'check a box' of HR but these Supervisors are not trained, hold personal vendettas against other subordinates for outshining them at one point and are unwilling to really cultivate others. A survey was taken earlier in 2016 on how people felt about their management; some supervisors took it personal and gave attitudes to their subordinates instead of improve themselves. Supervisors are aware of upcoming projects and needs of each department and should help implement these to their employees in their G&Os.

    PIMCO has to care more of the foundation that helps support the executives. Bonuses and salary increases were still given this year but not as high as previous years. Nonethless, we were at least given that as we're not entitled to it. It's a great stepping stone into the financial firm but if you're looking to make a career out of it, be content with being stagnant.


  8. "Really corporate (NPB)"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    A modern workplace. Very clean environment with a very nice view of the ocean. Everyone is very nice and polite. Excellent eating facilities.

    Cons

    In the creative space it is very stale. I don't know about the others that have worked there before, but there was a high turnover rate probably to due to fact on extensive micro-managing. The work is very stale, very corporate with no chance of being creative. Everything is by the book and must follow the style guide.

    Advice to Management

    Stop the micro-managing and develop and staging area where the finished projects can sit before reviewing. Communication by email is essential due to verbal translation.


  9. "Great company to challenge you both professionally and personally."

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

    Pros

    Leading edge of the current financial strategies and very knowledgeable employees.

    Cons

    Company is run very lean which makes it difficult from an internal mobility standpoint.

    Advice to Management

    Actively respond to employee concerns.


  10. "Good company still working on improving its culture"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at PIMCO full-time

    Pros

    Surrounded by so many driven, talented and smart people. Company making strides in improving the culture and improving morale. Committed to putting clients first and being a world class asset manger.

    Cons

    Intense and competitive work environment. Bonuses based on meritocracy but can result in very subjective criteria for roles not in sales or portfolio management.

    Advice to Management

    Looking forward to a period under new leadership that I hope will set a direction that is clear and transparent for all employees to get behind.


  11. Helpful (3)

    "Avoid at all costs"

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

    Pros

    Location (across from fashion island)
    Cafe on site (although Food could be better )

    Cons

    Very political, non-transparent company, your title indicates whether you are acknowledged or not. Upper management treats those below them with zero respect and can't bring themselves to give credit for your work.There's noticeable reverse racism against Caucasians. Senior level people who are foreigners bring their culture with them and treat their subordinates as they would back home. Also if you aren't wealthy or a VP you're treated like garbage. They will humiliate and harass their subordinates all the time and you are expected to laugh it off because you don't want to get on dept head's bad side.

    Advice to Management

    Start hiring Americans. Foster a healthy respectful work environment with fair and equal opportunity.



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