Updated info on Oaktree Internships?
I saw that Oaktree recently posted their Summer 2021 internship application on LinkedIn. I know in the past that Oaktree has been pretty strict about not giving FT offers to their SAs. Just wanted to make sure that this was still the case because I did a quick search and have seen that they took some analysts in recent years. This listing also specifies a 2022 expected graduation date so I'm just wondering why a junior would take this internship if it wouldn't convert to a FT offer. Where could you go FT after an internship at Oaktree?
Anywhere you want. Oaktree has an incredible brand name and if you’re interested in restructuring or LevFin, you can write your ticket.
Granted, this means rolling the dice for full-time, but would you pass up the chance to work at a top credit shop only because of the lack of an offer?
I mean you have a point. I think most people who go into banking though are risk averse so it definitely makes me hesitant to go in if I know there's zero chance of an offer waiting for me at the end of summer. You're right though that this would be a great experience, and I'll probably apply anyways.
I always find it funny when people act like working at a place like Oaktree as an analyst is somehow a “risk” or will “limit” your career prospects. Acquiring a solid brand name, strong network, and demonstrable financial skills are really what the analyst experience is about. You start to limit yourself as you climb the totem pole though- a HY analyst at Oaktree could easily jump to a PE role, but the same cannot be said for a HY associate.
TLDR- I would be hard pressed to think of any banking role that would beat an analyst seat at the Oak. Even if you don’t like credit, you’ll gain a strong investment IQ and network that will be hard to replicate elsewhere. Plus Howard Marks is an industry icon.
I get your point for sure. I would add, with recruiting and the macro climate the way it is, it wouldn’t hurt to cast a wide net.
There is 100% no chance of getting a return offer, but should be a good experience.
Why do they do this?
What you said is probably outdated - during my first round my recruiter told me starting this year they will be extending returns to analysts (told her I have an exploding at GS and raised concerns about FT)
Believe what you want but they do not recruit any undergrads into their investment teams.
Did anyone also get the phone interview?
What do you guys think of clients and risk for sophomore summer at oaktree? Better or worse than no name boutique
bump
Is the link still up for Oaktree? Could you put it in the chat?
Anyone get the superday?
I did, what investment team are you going for?
Most likely one of the credit ones. Do you know if they're going to ask for our preference during the superday? Also, do you know if there will be technicals at all?
How was everyone's superday?
It was chill. What about yours?
Pretty intense but I was fine w it, made it more fun than a basic behavioral honestly
what team is everyone going for?
HY/Structured
Did you hear back yet
Anyone hear back?
Anyone hear back?
My recruiter told me they meet today (since I have an exploding) so calls should either go out tonight/evening PT time or tom early
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No, Friday
Anyone hear back?
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I wouldn't say that yet, I haven't heard back and no one commented on here so maybe they haven't sent out offers. I'll send in an email tomorrow since my other offer explodes this week and if they say ding then I'll comment here and lyk
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Dude, stop saying exploding. Everyone understands and not everyone has one. Chillll....
All good man, I know there’s no bad intentions. Just watch it. Might doxx yourself if there are Oaktree folks on here and it’s a bad look for others. Good luck on your process though.
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