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Any one familiar with comp for a Portfolio Associate roll at PIMCO on their mortgage backed securities team? I’m looking at an offer and want make sure I’m in line with the average comp for the company and industry. Only 4 months of experience and offer is 98k w/ 10-20% bonus plus 15k relo/ sign on. Looking at Glassdoor, bonuses seem higher than quoted by the hiring manager. (No written offer yet they say they’re still working on it)
Is retail quant trading on a massive rise?
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What the heck is sbl MO?
Not Better than but banking is better off with Technology! Technology is about efficiency, enablement, optimization of any process or discipline. If you are a problem solver then technology part would be ideal for you.
Non IB hours, ha.
Those guys work the hours needed to make the magic happen and settle all your trades, process your deals, on-board your clients. They know you pay them and work the hours to make sure your client pays up. It ain't no 9-5
You'll be welcome back in someone's SBL MO. You know what the next decade in your current shop looks like. Sounds like it could be fun if you know enough of the margin edge cases or are willing to study them.
True that, Stock Borrow and Lending Middle Office. Back when trade support and part of operations were combined into a middle, so you has front, middle and back. Now front includes those support that cancel and amend etc so it is front and technology and operations.
Bet the OP knew what I was talking about. ;)
IB ops tends to be a cushy job with good pay for non IB hours....
Investment banking ops or trading ops?
Tech does not pay as well as banking. In Silicon Valley everyone drinks the kool aid and thinks you should be grateful to be part of the enlightenment. They don’t match IB money - base is low and bonus might be in deferred equity. Very hard to get cash. Makes no sense since CA / SF is just as expensive as NYC