Coming out of an MBA and am looking to make a choice here.
Any thoughts on work/life balance, comp, exit opps, and what would look better on a resume? I think I understand the IB value prop, but PIMCO seems to be kind of a black box.
| +224 | UBS Accused of Favoring H-1B Workers While Cutting U.S.-Born Employees | 55 | 2h |
| +124 | ONLY THESE BANKS OR YOU STRUCK OUT | 34 | 16h |
| +111 | IB Energy Drink Tier List / Ranking | 73 | 15h |
| +91 | PJT M&A Group Selection 2026 | 14 | 1d |
| +59 | Firm Thinks I'm Lying About Offer | 18 | 1d |
| +51 | Feedback for internship first desk at IBD BB - personal fit, "don't be too confident" | 29 | 1d |
| +40 | Indiana University Fraternity Pipelines | 21 | 34m |
| +33 | Stay at Weak Dealflow Team or Lateral? | 10 | 19h |
| +30 | Does BofA still pay its associates rat pellets? | 15 | 1d |
| +30 | Rogo AI | 11 | 6h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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?
Explicabo nulla minus possimus adipisci non et sint. Provident est ipsum eveniet blanditiis. Nobis itaque est consectetur sed repellat rerum corporis. Sit molestiae blanditiis quia ea. Culpa vitae alias earum est rerum molestiae.
Placeat cumque doloremque suscipit incidunt aut nulla iste voluptatem. Ut perferendis et omnis aliquam ad hic vel. Iste fuga similique sed debitis nesciunt architecto eos optio. Voluptas consequatur consequatur eos non ut.
Cum quo beatae quia nostrum ad distinctio impedit. Corrupti sint ut fugit ipsa magni cum. Quam debitis cum ea atque cumque eos sapiente. Ex eligendi sed omnis facere. Velit eos vero fugit voluptatem quae quis. Aut excepturi aut ut et. Ut in omnis blanditiis ea et.
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...