Wondering if anyone has insights into what working at Onex is like? Comp? Lifestyle?
There oldest thread where anyone has provided insights is from 2010 so not exactly recent.
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Interested as well
Comp is about in line (if anything slightly above) what's listed on WSO company database. You won't make more $ working at any other shop in Canada, but you also won't work more hours anywhere else either. Feel free to PM me.
Are u sure they make that much? Do they really work that much. Thats crazy
I can't speak from personal experience but know a few details from my friends / peers / network.
Onex is the only real 'mega fund' type environment in Canada which comes with two implications. Long hours and above average pay.
Comp:Onex is known to pay well above other Toronto PE firms. Rumors across Bay St suggested that Onex associates were making ~$420 CAD throughout 2016 due to being paid in USD alongside a depreciating CAD.
Lifestyle:They are also known to have one of the most rigid, hard-working cultures on the street. Expect 120 hour weeks to be frequent when working on a deal. The hardest working analysts from Toronto’s hardest working investment banks will even get burnt out there.
I have heard two different views on the mix of portfolio work and transaction work. 1) Members of the deal team exclusively work on deals. 2) Onex buys businesses with more ‘hair’ on them, implying experience in turnarounds with portfolio companies. Regardless, Onex works on large respectable transactions and seems to support upward mobility. Associates are frequently promoted through the ranks to director and above, which can be seen from their team page.
Hope this adds to Losing Interest's response.
Onex Partners NYC (Originally Posted: 12/10/2017)
Hey y'all,
Does anybody have any thoughts on Onex Partners in NYC? The latest post on the firm is from 2010, so I want to see if anyone has any thoughts that are more recent that they'd like to share. Curious about culture, B-school exits, etc.
Thanks!
This is spot on. Onex does some really interesting work with carve-outs and associates will get a very good experience. Like I said though, this comes at the cost of getting worked hard. While there is a clear track to Principal many do burn out and the workload does not ease up after a promotion like at many shops.
[email protected], bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
More suggestions...
You're welcome.
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