PIMCO reviews

3.7

66% would recommend to a friend

(896 total reviews)
avatar

Emmanuel Roman

80% approve of CEO

70% positive business outlook

PIMCO has an employee rating of 3.7 out of 5 stars, based on 896 company reviews on Glassdoor which indicates that most employees have a good working experience there. The PIMCO employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

896 reviews
3.0
Nov 14, 2014

Bad culture

Recommend
CEO approval
Business Outlook

Pros

Compensation is good once you get to the more senior levels. Portfolio managers are fairly competent, it's an academic environment.

Cons

Overly intense culture, everyone takes themselves way too seriously - even when they're losing money.

2.0
Jun 11, 2014
Recommend
CEO approval
Business Outlook

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.

2.0
Mar 13, 2013
Recommend
CEO approval
Business Outlook

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 Management has no or severely outdated technical skills which has lead to several negative trends becoming entrenched: - developers are uniformly incorrectly incentivised on the speed in which work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.

Viewing 19 - 21 of 896 Reviews

Glassdoor has 1,173 PIMCO reviews submitted anonymously by PIMCO employees. Read employee reviews and ratings on Glassdoor to decide if PIMCO is right for you.