PIMCO reviews

Zero upward mobility if you’re part of the pre-MBA crowd. Promotions are based on time for juniors and politics for mid level and above. Analysts and associates are made to feel they’re lucky to even have the opportunity to work there. No chance to move between product/pm/account management groups. For proof look at the number of senior leadership who started as analysts, you’ll find none. Vastly underpaid compared to similar buyside and sell side roles.

The compensation is laughable. If you look at competing firms for the same role, they pay significantly more, in some cases double. Even if you get promoted to VP, which they make more difficult than it has to be to obtain, it's a small bump in overall pay and not up to par vs the rest of the industry. So you end up having a bunch of talented people who are overworked, understaffed, and underpaid which leads to very high turnover. Executives at the firm don't get this so they deal with the turnover, which is probably more expensive than just paying their employees well. Pretty horrendous strategy IMO. Every year there is a new excuse as to why comp is flat or below. Also a very top heavy organization where PM's are treated like gods. Technology is also behind rest of the industry although they are making a sizeable investment to turn that around.