PIMCO Reviews | Glassdoor

PIMCO Reviews

Updated April 12, 2017
193 reviews

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2.9
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PIMCO CEO Emmanuel Roman
Emmanuel Roman
2 Ratings

193 Employee Reviews

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  1. "Administrative Assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Assistant in New York, NY
    Current Employee - Administrative Assistant in New York, NY
    Recommends

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

    Pros

    Work environment is well structured and therefore predictable. Colleagues are amicable. Workload is reasonable. Work-life balance is reasonable.

    Cons

    Though management presents itself initially as transparent, this is not always actually the case. Some promises are made that are then ignored.

    Advice to Management

    Be more honest and direct with employees concerning areas such as vacation, benefits, overtime, etc., though overall things are run very fairly


  2. "I did not enjoy my time there."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Picked up a few good skills and some product knowledge. Made a few good friends. The salaries are quite good, but they take your pound of flesh in return for it.

    Cons

    No culture. You are expected to work all hours under the Sun and the Moon. PIMCO's brand is nowhere near as strong as it was. They invest heavily in sales, account management, and product development, but not in support functions, such as marketing.

    Advice to Management

    Build a better culture by encouraging stronger collaboration and career growth and a at least promote a better work-life balance.


  3. Helpful (1)

    "Portfolio Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Associate in Newport Beach, CA
    Former Employee - Portfolio Associate in Newport Beach, CA
    Doesn't Recommend
    Negative Outlook

    I worked at PIMCO full-time (More than 5 years)

    Pros

    You get a lot of hands-on experience in running a portfolio

    Cons

    No opportunity for advancement, bad atmosphere due to lay-offs and outflows, odd hours (in NB where you are in the office often before 5am)


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  5. Helpful (1)

    "analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Fullerton, CA
    Current Employee - Analyst in Fullerton, CA

    I have been working at PIMCO full-time (More than 10 years)

    Pros

    good workplace to start a new carrear

    Cons

    bad leadership need more improvement on management strategy


  6. Helpful (3)

    "Senior Associate"

    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
    No opinion of CEO

    I have been working at PIMCO full-time

    Pros

    excellent learning curve in the first year, they pay for CFA, if you love coffees and meaningless catch ups this could be a good fit for you

    Cons

    Politics, US centric company, lack of career progression, lack of energy, incapable managers, the concept of perceived value is valued higher than the actual contributions of employees, if you are an associate you have zero career progression as the company has a clear preference for hiring new MBAs with zero knowledge- tragically the associates are better trained, more knowledgable than new hires and are required to train their managers

    Advice to Management

    Overhaul completely the business structure, promote and develop internal talent


  7. "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


  8. Helpful (2)

    "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


  9. Helpful (1)

    "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


  10. Helpful (4)

    "PIMCO is the Tragedy of Shakespeare's King Lear - the children grew up, and turned on Father Gross"

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

    I worked at PIMCO (More than 10 years)

    Pros

    You will always get another job in the industry with the PIMCO brand on your resume.

    If you were lucky enough to have worked there in the years before the tragedy unfolded (prior to 2013-2014), you were working with a truly top fund manager. The place now just trades on its old glory.

    Cons

    Top MDs only concerned about their multi million dollar bonuses

    Complete chaos in management strategies across all the different offices throughout the PIMCO global network - from the top this cascades down to portfolio management and people management

    Advice to Management

    Take a hard look at yourselves and ask do you really deserve to be paid such lofty remuneration for what you really provide clients. Treat the staff below EVP level better, they are the foot soldiers that keep the place going.


  11. "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.


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