PIMCO Alt Credit 2025 SA

Saw they opened apps this week for this team and wanted to kick off a thread. Anyone receive a Hirevue yet? Heard it's a new analyst program that's a direct track to VP without bschool. Also know the three main investing teams are split into: Corporate Private Credit, Commercial Real Estate, and Private Special Situations.

 

Based on the most helpful WSO content, PIMCO's Alternative Credit and Private Strategies Analyst program is indeed a significant focus for the firm. This program, as part of their alternatives business, encompasses areas such as private credit and equity. The firm has ambitious plans for its alternatives sector, aiming for it to constitute approximately 25% of their overall business within the next five years. The program is designed to offer a direct track to higher positions without the necessity of attending business school, reflecting a modern approach to career progression within the finance industry.

The program is divided into three main investing teams:

  1. Corporate Private Credit: This team focuses on lending to corporations, often in situations where traditional bank financing is not suitable or available. It's a space that requires deep analysis of a company's financial health and prospects.

  2. Commercial Real Estate: This segment deals with investments in real estate properties and projects. It requires understanding of real estate markets, project financing, and the economic factors affecting property values.

  3. Private Special Situations: This team looks at investments in distressed assets, restructurings, and other unique scenarios. It's a niche that demands creativity and the ability to see value where others might not.

The program's competitive compensation, reported at around $110k for analysts, along with reasonable working hours, makes it an attractive option for those looking to enter the alternative credit and private strategies space. The direct promotion path to VP or equivalent senior roles without the need for an MBA is a notable feature, reflecting PIMCO's confidence in the training and development provided through this program.

Sources: Thoughts on Pimco?, PIMCO Distressed & Special Sits?, GS AIMS Private Equity Group, Comp progress at PIMCO + promotion, Career in Passive Investment?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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