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.
Anyone else have commentary about Cerberus?
distressed asset specialists
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...
To the last three posters, thanks for your comments, however I was already aware of those facts.
Anyone with further comments? I'd appreciate your input.
There is an article on the front page of cnnmoney.com about cerberus today that I found interesting.
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
bump
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.
Be prepared to travel to east bumblefuck ever week from Monday to Friday.
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.
Cerberus Capital Management (Originally Posted: 02/17/2016)
Morning everyone, Just wondering if anyone is aware of any (recent) idea of what the company is like, ie culture, hours, salary, reputation, etc. for the company. About to begin the interview process. Thank you in advance.
I thought they wrapped their recruiting already?
From what I've heard from friends whom have interviewed there or received offers, culture is terrible and quite possibly worst on the buy-side. Reputation is equivalent to the Ares of the east coast.
That's comforting considering the other places I'm looking are Apollo and Ares…thank you for the feedback.
A friend of mine worked at Cerberus as well and got absolutely crushed
What's the reputation of Ares and other LA firms?
Ares is a top distressed player and hires very good people. Don't know much about Leonard Green besides its focus on consumer. Other players in LA include Gores and Platinum Equity, neither of which are that great.
I suppose the more atypical LA consideration would be Apollo LA, but its presence there is small.
I have a friend at Cerberus- gets constantly crushed. Mentioned the culture blows also.
Cerberus Capital (Originally Posted: 03/12/2007)
Does anyone know anything about Cerberus? also what is your opinion on Cerberus?
Overall they are a great firm and cover just about all sectors. So life at Cerberus would depend on which affiliate you're at.
anybody have info on the hiring process at cerberus?
7 rounds of interviews
they will work you to the ground.
but a great firm
I am mainly interested in their lending group, Ableco Finance LLC.
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.
Given it has been over a decades, are you still there lol
and has its reputation/company culture/team/work environment/comp changed?
What group was it?
Bumping this - these guys seem to always hire strong guys in distressed. Anyone got info on them more recently?
Bump
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