PIMCO Reviews | Glassdoor

PIMCO Reviews

Updated December 31, 2018
251 reviews

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3.6
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PIMCO CEO Emmanuel Roman
Emmanuel Roman
36 Ratings

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)

  • "Work-life balance is reasonable" (in 8 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 18 reviews)

More Pros and Cons

  1. "PIMCO Technology and Digital"

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

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

    Pros

    PIMCO has made a serious commitment to Tech and their Digital Transformation. New CTO, new office in Austin w/ a goal of adding 200 folks (mainly PIMCO Tech), a new head of digital and a CEO who is committed to the multiyear effort to get it done right.

    The next few years is going to be a huge opportunity for employees in PIMCO Tech as they architect a common core platform, development process, and data models to help better connect, serve and service our global clients (internally and externally).

    Cons

    There are legacy platforms, systems and processes that they are starting to address and that will take some time to get it right. Having been in the industry for close to 20 years this is not a unique problem for PIMCO Tech. You will fin degrees of it across all the big asset managers. The big thing is how they address it. For those looking for a challenge and open to rolling up your sleeves this is something worth considering.

    Other things worth noting :
    - Tie culture AKA pretty conservative (which I guess is ok if the role is to protect and grow your $)
    - Demanding work environment (not hostile or anything. They just ask a lot of their staff)

    Advice to Management

    Continue to be passionate and persistent in the pursuit for growing the business and putting the right tech and digital capabilities in place.


  2. Helpful (1)

    "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Newport Beach, CA
    Former Employee - Associate in Newport Beach, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Work with smart, driven professionals

    Cons

    Slow career progression and operationally heavy. Little room for creativity outside specific job function

    Advice to Management

    Invest more in young talent

  3. Helpful (2)

    "VP"

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

    I worked at PIMCO full-time

    Pros

    Broad role; lots of responsibility

    Cons

    Politics; back biting; excessive work; tense environment

    Advice to Management

    Build trust among colleagues


  4. Helpful (1)

    "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


  5. Helpful (5)

    "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.


  6. Helpful (10)

    "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.


  7. "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.

  8. Helpful (2)

    "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


  9. Helpful (2)

    "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


  10. Helpful (9)

    "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.