MBA prestige and recruiting (PIMCO)
This is from 2007, so it's a bit outdated, but it shows the MBA recruiting schedule for PIMCO and the divisions they're hiring for at each campus. It's pretty obvious by looking at this that at certain programs you just get more access. Of course, this is not to say that getting a job at PIMCO is easy. But as an example for NYU stern, PIMCO only recruits for portfolio management and at ucla they only recruit for US account management. In contrast, at wharton they seek out candidates for all the groups.
http://docs.google.com/viewer?a=v&q=cache:sLrtC7y….PIMCO.com/MBA/Recruiting%2520Calendar.pdf+wharton+recruiting+PIMCO&HL=en&gl=us&pid=bl&srcid=ADGEESgpMf_2pJuy4SbhXzUnILj2xD_GRDM7BONn-nga-GgTUsDO3hDBnIv4ixKF_2bPn1XXxiv_fH-BNVHMvF4HlAwOvJNuhJBEhkcO3UYvpOjwrnCvIYEguCxnVodwmL0TXZ6QU-pT&sig=AHIEtbQeusbd5kpysTpp9d0Z6-u9Flql-A
i see columbia on there... though they are not typically considered a top tier program. Special connection there?
just curious, whats the difference between acct mgmt and portfolio mgmt?
I think account managers do a lot of work with clients. portfolio management is just that; they're PMs but instead of equity portfolios, they're working on bond portfolios.
If I'm not mistaken PIMCO usually hires like 8-10 account managers a year but only 1 portfolio managers; the latter is clearly the more prestigious position. This is why I'm surprised that PIMCO recruits for that position at NYU, Chicago, and Columbia, but not at HBS and Stanford.
its pretty clear, no? NYU/Booth/Columbia/Wharton are all more finance focused schools = better for PM. do i agree with that absolutely? no, but it seems to be part of PIMCOs logic.
but dont forget could also be based on past experience. HBS and Stanford kids may have less interest in those particular positions, so PIMCO eventually figured, why bother.
how well does PIMCO pay out of curiosity?
also, to the poster who said that columbia is not considered a top tier program, all i can say, is, I'm left speechless by your statment.
Supposedly, PIMCO is hugely popular every time they visit these campuses. Their company presentation gets a pretty big crowd, larger than any other hedge fund or PE firm. Surprising because i never thought PIMCO was that highly regarded among top MBA students.
I'm not in b-school, but I assure you that this is false. At top schools like harvard and wharton, firms like blackstone, cerberus, citadel, sac, carlyle, are way more sought after than PIMCO.
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