IT IS IMPOSSIBLE TO BREAK IN!! After 2009 that’s all we hear about the Finance industry. However, I can assure you that through proper research, focused networking and a Marshall MBA getting a job in Finance is definitely possible.
I will today be discussing about this company which I have been following this company for a while, called PIMCO i.e. Pacific Investment Management Company. It is world-renowned investment Management Company and is headquartered nearby at Newport Beach. PIMCO currently headed by the co-founder and CIO, Bill Gross (who is considered as the top fixed-income money manager in the last two decades by the market). PIMCO has over 2400 employees worldwide and has offices in 12 countries.
As of 30th June, 2014 PIMCO was managing assets to the tune $ 2trillion and focuses mainly on fixed income, mutual funds, bonds, equity and retirement funds. It is known as the ‘Bond King’ because of its huge specialization in that sector. PIMCO’s core competitors both market segment wise and locations would be Black Rock and Fidelity. PIMCO had sales of $78 million last year and consistently growing.
The company was recently faced with a bit of media turmoil because of the unexpected resignation of the CEO, Muhammad El Erain. But Bill Gross stepped up and the company is on track to meet its 2014 targets.
As far as hiring is concerned, Insiders say PIMCO is looking for those "who are intellectually curious, extremely driven and interested in long-term careers in investment management." PIMCO recruits both at undergraduate level and MBAs. It conducts on-campus interviews at all the top schools in the country including USC. PIMCO also has summer internships for the MBA for 12 weeks and is a great way to gain an in-depth knowledge of the company and culture. The hiring process is quite competitive and an in-depth knowledge of finance and investments is required. MBA are typically hired as Associates