Can anyone give me any insight on Business Development (BDS) at PIMCO at their HQ Newport Beach office?
-What they (Associates) do -To whom they report -What interview questions one must know for an interview -Salary
Thanks,
Phil
Trending Content - Asset Management Forum
Career Resources
From what I understand is that you would help maintaining and getting new clients. You will report to the account managers most likely. Not sure about the last two questions.
Here is a link for more http://www.wallstreetoasis.com/jobs/business-development-associate
It's a client service and marketing job - you'll manage the existing clients and help source new ones. It's effectively a sales job.
I was under the impression that there is no cold calling or sales work really and that it's just servicing existing clients. The name "Business Development" is supposedly misused in that you are servicing "newly, developed business."
Yeah, if they work with the Account Managers then it's not really a sales job at all. Much more client servicing, understanding what the clients objectives/risk tolerances are and recommending products based on that. Keep in mind that most of PIMCOs clients are pension funds, insurance companies, endowments, municipalities, sovereign wealth funds, and ultra high net worth individuals. You won't be talking to uneducated investors, most of the time.
Know your macro. Know it well. It's basically impossible to know everything about macro, but you need to be able to hold your own when talking about a lot of different trends. Keep up with Gross' investment outlooks and other published research on their website.
Alright thanks. Any insight as to typical exit opps or ways to move up within the firm? What is the salary like?
I've heard that it's not a great group to be in over there. Low salaried and with extremely limited exit op's. It's going to basically be a role where you do RFP's and the like.
Fugiat facilis voluptatem odio vitae consequatur sunt. Quos omnis officiis amet dignissimos molestiae totam non. Laudantium quis perspiciatis laborum. Totam quasi vero officiis recusandae. Laborum aliquid debitis aperiam molestiae rerum eius. Nulla pariatur omnis est ea possimus aut. Fugit corrupti qui tenetur laborum autem.
Itaque ea qui dolores. Error dolor dolorem iure distinctio suscipit fugiat. Corporis qui odio et ut aut laboriosam. Quod dolorem perferendis voluptate eveniet. Nulla magnam aut et rem.
Sunt omnis harum repellendus tempore nihil. Quam accusantium blanditiis voluptas itaque et sunt error.
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...