PIMCO VP only making $150k?
PIMCO is hiring an Acquisitions VP in LA with a posted salary range of $150k - $205k. Is this really the state of the job market? Is PIMCO known for being stingy? From reading WSO it seems like there are some analysts making more than this...
Based on the most helpful WSO content, the salary range of $150k - $205k for a PIMCO Acquisitions VP in LA does seem relatively low compared to compensation in other areas of finance. For instance, Investment Banking Vice Presidents average $392k in total compensation, and even Associates in IB average $260k. Analysts in certain roles can indeed approach or exceed the lower end of this VP range, especially in high-paying sectors like hedge funds or private equity.
However, it's worth noting that compensation structures can vary significantly by firm, role, and location. PIMCO may offer other benefits, such as bonuses, equity, or long-term incentives, that aren't immediately reflected in the base salary range. Additionally, PIMCO's reputation and brand in the asset management space might attract candidates despite the seemingly lower base pay.
Sources: Life in Acquisitions (Analyst/Associate), Comp progress at PIMCO + promotion, Life at Mega Developers, Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?, Acquisitions Analyst Compensation
Pretty sure that range is for the base salary and not the all-in comp.
Exactly. $200k salary for someone with 5-7 experience is not stingy and ignores all of the other ways you get paid.
This is because the role is with PIMCO Prime, an affiliate of PIMCO and formerly known as Allianz Real Estate.
If this was for a VP out of NYC or Newport within PIMCO's REPE arm, the comp would be much higher.
If it's a VP out of NYC/Newport, what would the base and bonus be?
Will vary based on VP year, but was quoted $400-$450 all-in a few years ago (may be stale).
$210-250 Base for asset management .
Don’t know bonus for sure but 50-60% is the guess.
For acquisition/ production adjust the upside and lower the base salary is my guess.
You are exactly right. PIMCO Prime compensation is set by their home office in Munich, not the PIMCO team in NB.
This is the answer. The LinkedIn job posting in question is PIMCO Prime.
Does PIMCO have an REPE team in Newport? I thought it was all fixed income there
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