Pros
The meal plan is excellent. For $125 you have unlimited lunch and breakfast. Great if you want to follow a certain fitness-related diet.
Cons
- You're regularly expected to work until 9 or 10 pm. By regularly I mean 2-3 times per week. Normal business hours are 9 to 7, but you will often have meetings as early as 8 am; that doesn't mean you get to leave earlier. During certain times of the year you will be expected to come in on Saturday and/or Sunday. - They purposely don't provide laptops, so you have to be in the office to do your work. It's considered a great honor if you're lucky enough to ask for and receive a laptop, but even then, you're expected to work from the office. - 2 weeks of vacation until you've been at the company for 5 years. 3 weeks after that. - Day after Thanksgiving and day after Christmas are not off. - During the fires last year, even if your office was closed, you were expected to show up at another office. People were scrambling to find seats. They just didn't want to give you a 'day off.' - Coworkers are generally pretty unimpressive and one-dimensional. - Mediocre health insurance benefits. - You get half of your bonus every 6 months, so if you need to leave between April and October, you're forfeiting half of your bonus. This is done deliberately to make you stay at the company, or maybe it's another indication of PennyMac nickel and diming literally everything. - No company holiday party, but a couple times a year they bring food trucks and you get to wait in long lines to get a bite to eat and a lukewarm beer. - Extremely steep organization with layers upon layers of middle management. A VP title means squat. They also don't promote quickly, both in title and pay. - They lowball on salary but bonus targets are high. That's how they get ya!
