Pros
Complete job stability. Great California weather.
Cons
PIMCO technology is engaged in a costly effort using 1990s technology to support 2013 trading volumes. Management has no or severely outdated technical skills which has lead to several negative trends becoming entrenched: - developers are uniformly incorrectly incentivised on the speed in which work is completed, software quality is completely ignored - your boss won't understand or be able to value your work so promotions are all done mafia style based on your perceived & demonstrated loyalty to your boss and your penchant for politics - As technology fails to deliver on a project, an elaborate charade of pretending to do everything possible demands very long hours which management regards highly. - Great software is written by great teams and no teams are functioning well at this place, while good employees plot their departures or remain disgruntled, those with outdated skills are the only ones who are not planning on going anywhere since they are so over-paid.