I currently go to a non target and am in credit risk at a smaller bank this summer. Just got a PIMCO offer for an the CM team and I’m hearing it’ll be a mix of client facing and somewhat technical work(BBG, Excel, Tableau) just trying to find out anything more about this position and what exit opps could look like if I return after the summer for full time.
| +29 | What is Asset Management? | 3 | 2w | |
| +25 | Scam - Remote Equity Analyst Role at Top LO | 7 | 16h | |
| +20 | Workplace bullying or totally normal | 17 | 4d | |
| +18 | Portfolio Associate Interview - Need advice! | 1 | 1w | |
| +18 | Breaking into LO AM from FP&A... | 4 | 2d | |
| +17 | BlackRock 2025 SA | 29 | 3d | |
| Am I cooked? | 6 | 2w | ||
| +15 | How to not be mentally drained by this job? | 4 | 5d | |
| Equity Research at Bank vs IG, High Yield & Leveraged Loans Research at Asset Manager | 11 | 2w | ||
| +13 | Do LO invest in businesses or stocks? | 3 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Have some contacts in this group. Great hours and great comp, I hear the work can get dry from time to time but a very central position at the FT level. At the full time level you’d go account analyst -> associate -> account manager. Seems many in this group stay long enough to become account managers, not sure where the others exit to without first getting an MBA. If you want to be client facing this is a great place to be but if you’re hoping to do credit research or a portfolio management track down the line, I don’t think you will pick up too many transferable skills here, someone please correct me if that’s wrong.
As for day to day at the analyst level, it seems like you’re mostly servicing client requests and further down the line it gets more relationship oriented. All depends on what you want to do in the future but Id take this role if client facing/account management is where you want to be.
Thanks great stuff. Any knowledge on the actual comp progression?
At the analyst level you’re looking at around 90k base, not sure on bonus unfortunately. I’ve heard of post MBA account managers all in at around 200-250k out of school. Past the VP account manager level (SVP, EVP) comp picks up depending on your channel (institutional, retail, consultant), not certain on these numbers as I only know juniors but wouldn’t be surprised if those guys were clearing 500k. You’re definitely going to take a haircut in comp progress when compared to your investment team counterparts but it’s not as significant as you might think at the junior levels. Good luck!
It's PIMCO, very hard to land even account management roles especially out of undergrad. Consider yourself lucky! Would take and not look back.
Anybody know how difficult it is to get the post-MBA research roles at PIMCO?
Super tough. I believe they hire 5 Credit Research MBAs (3 in America, 1 in London, and 1 in Hong Kong), and 1 Portfolio Manager MBA (in Newport).
Corporis odio reiciendis id explicabo. Quod ad recusandae dicta et cupiditate a.
Molestiae distinctio itaque voluptatibus reiciendis tempore magnam. Asperiores non qui maxime. Amet accusamus non voluptatum laborum reprehenderit. Iste voluptatibus omnis minus quam dolor iste. A ut nihil sit ad vero illo repellat. Ab adipisci nisi occaecati ea corrupti eos.
Similique eveniet aliquam accusamus voluptatem illo quis. Qui beatae sunt rem ut consequatur itaque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...