PIMCO Rep/Comp vs IBD
Want to learn more about PIMCO, specifically London office, and a lot of the info on WSO seems either US-focused or outdated.
What's the reputation of PIMCO like vs BB IBD like GS/MS?
How does the comp compare? I know the base analyst I salary at PIMCO is circa £55-60k, higher than street, but does PIMCO give out bonuses to juniors? Also, if anyone knows, does that vary across account/product/portfolio roles?
Any insights into those questions or the culture etc. at PIMCO would be much appreciated. Thank you.
Am somewhat familiar with PIMCO (have never worked there but do a lot of business with them and know a few that do work there).
Reputation: Outstanding. They enjoy an impeccable rep in the FI AM space. They're known for being quite deep in research and knowledge. They take an active management approach, which I find quite refreshing in a world of passive ETF and algorithmic investing.
Culture: Quite collaborative. They desire and require ALL their peeps to have a deep understanding on macroecon, world events and the affect that has on the financial markets. It's instructive as it explains where they find opportunities (active management) to generate alpha which they most certainly do. To that point they provide lots of resources and access to learning about all this stuff. As an example, they have a monthly speakers forum where they bring in the best and brightest on a specific topic and literally everyone is invited to attend. Their advisory board consists of major players like Ben Bernake, a former PM of England, etc. It's a heady shop!
Comp: just look on Glassdoor. They pay their people quite well. Hard to compare to IB as it's not IB. You won't make the same "all in" comp, especially at the early yrs , but it's still really good pay for far fewer hours. If you make it past VP level (which typically requires an MBA from a top school), you'll crush it.
From a rep standpoint, they are the GS, JPM, MBB of AM.