A place to earn experience and move on after year 2.
Pros
If you make MD or SVP on the trade floor you will get paid way more than the sell-side (otherwise you get paid less). The name, it goes a very very long way, believe it.
Cons
Very dysfunctional culture and senior management. Very few opportunities for growth. None of the typical grooming for the future culture you see at other Wall St firms. They will hire talent from outside at all costs rather than promote from within. Will work you to the bone. High pressure environment with really little reward. Lots of politics, more politics than a cut throat law firm. Everyone is out for themselves. Very high turnover. Ridiculous focus on facetime. Employees are openly chastised and lashed out against. You will not find a single happy person, I have never met a single person who was happy at Pimco. People in the know in the industry know this is a miserable place to work, do not waste your time here, it is not worth it.
