Cerberus Capital Management: advancement, b-school, other opportunities

I would like to hear thoughts on Cerberus Capital Management. I know they are both a hedge fund and LBO firm, but could you provide more specifics as to reputation compared to other large hedge funds and LBO shops out there? How about culture (specifically within the LBO group)? How is it as a place for someone at a junior level regarding advancement, b-school, other opportunities (eg. megafunds, BB banks, other...)? What do ex-Cerberus employees do and where do they go? Any other thoughts or commentary?

I'd appreciate general feedback. Thanks, in advance.

 

*We have contacts at Cerberus, and I've been to their offices - They're straight MONEY!

Between a former Vice President, 4-Star generals and the other 250+ full-time consultants who are all the best of breed from their respected industries and walks of life . . . THEY KNOW EVERYTHING.

If you have the opportunity to begin at Cerberus you should seriously consider beginning there.

People strive to be receptionists with their group, let alone active in their practices.

 

Cerberus is the name of the 3 headed dog which guards the gates of hell. Great firm to be in, HIGHLY selective. One of the largest PE shops in the country which primarily invests in distressed companies. The big story right now is the Chrysler deal.

 

I can only speak to their PE operations. Great deals and outstanding reputation, but they will work you just as hard or harder than any other PE/IBD job on the street. You will learn a lot and work on great deals though...

 

very tough to work for...they will probably yell at you

that being said, they are rapidly up-and-coming, serious players in private equity and you'll probably learn a shit-load working there. they run with very small deal teams.

i know a couple people that got offers to do private equity there after analyst program, but declined, partly because they are assholes.

i have mixed feelings about working there, but didn't have time to interview

 

Public misperception--friends at the firm say there is no yelling, only a few assholes, just a lot of work that needs to get done. Experience is top-notch--declining an offer because they were 'assholes' is an asshole way to think. Go back to Wachovia.

 

Whatever...there are going to be assholes even if you work in Chase commercial banking, so that really shouldn't be a factor when you choose a place to work. The only thing that varies is the degree of asshole-ness.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-
 

I interviewed with Cerberus and received an offer after only two rounds, nowhere close to the seven you mention. And the offer was for probably their best group. Good firm, smart people overall.

 

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Big Four Graduate Analyst- Global Transfer Pricing (Tax Services)- from July 2009
 

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