Would you rather - PIMCO or Smith Barney

Take a position at PIMCO as a business development associate or enter into a rotational program at Smith Barney? The Smith Barney position is in a large office, in a major city.

I am getting ahead of myself because I haven't even applied but I was just wondering what everyone's choice would be. My overall goal would be to work for ~3 years and get into a top MBA program, graduate and try to get a position in a hedge fund. So I guess, from purely an experienced based perspective, which one would you choose?

 
Best Response

I would ignore people who are up their own assholes on this site. People who put you down in relation to a job search are simply projecting their hard times on you. Anyways, I would recommend Pimco simply because I think wealth management can be a great career, but you must have connections to high income clients & such.

You could go through a rotational program @ MSSB and still find yourself shit out of luck at the end when they offer you a 40k base + whatever commission you bring in the first year (probably next to nothing). After that they'll start taking your base away little by little, so unless you know some bros with deep pocket's you're going to be kissing ass for a longggg time.

 

No, it's not really my rule per se but it's what a lot of people here will throw at you so I figured I might as well first.

I am permanently behind on PMs, it's not personal.
 

Porro ut doloribus soluta iste sed voluptatibus. Natus earum aut tempora cumque maiores.

Quod laborum quia harum ut facilis. Ut qui aut veniam aliquam qui. Et voluptatem libero quisquam deleniti nihil nisi.

looking for that pick-me-up to power through an all-nighter?

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”