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IB has higher comp and more broad exits (PE, Credit, VC, Corp Dev, etc.) PIMCO will limit you to credit-related lending, trading, or research roles.
just curious, how does the Pimco comp compare?
Both base salaries right around 170—JPM slightly higher at 175k. No idea on expected bonus/total comp though, hence the question!
I mean personally if the Research role led to a PM position, I would stay there. That is the exit Opp.Also major major bonus points if it's in Newport Beach. You will not have a better quality of life anywhere else.
Can end up making a cool $1mm+ working 50-60 hours.
Sincerely asking, how did you get a PIMCO credit research offer without knowing the answer to you r question?
Agree with this take. Credit research at PIMCO is a far better role than IB out of bschool. If you’re not interested in investing in public markets full time at a fairly intense place, then JPM probably makes more sense.
Because I’m an indecisive degenerate who threw my hat into every ring possible lol
PIMCO is a highly regarded investment manager - the gold standard in fixed income. That said their reputation is for rates more than credit.
What is the AUM of the team you would be doing research for? I would guess they are trying to build out their credit arm to a larger degree.
While it is not the #1 credit shop, I don't think PIMCO is going to hold you back from a resume perspective - everyone in asset management is going to know and respect it.
PIMCO has a reputation as a grindy shop within AM, but I don't think it would be as bad as IB. you might have to work east coast market hours tho, and be in the office at 6am every day.
Others have covered that this will likely restrict exit opps to other credit investing roles. Great if thats what you want to do, but if you wanted more corporate optionality JPM is the better move.
I believe within AM they pay relatively low - their thinking is that they are paying you in the top tier PIMCO branding. that said, how does your offer compare to the JPM offer?
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