Starwood Capital - Beneficial to try and obtain an internship?

drtymny's picture
Rank: Senior Chimp | 29

I am approximately 90% sure that I want to work for Starwood Capital after UG. For those who work there, have worked there, or know someone who works there, would it be more beneficial to try and obtain an internship there next summer or get a BB SA gig then go for a FT offer before graduation?

Thanks

Comments (31)

Jun 16, 2010

if you had the option of the two, i'd take the starwood internship. My experience has been that its easier to get a fulltime offer where you do your internship than at a place where you only go through the interview process...

Jun 16, 2010

Has starwood weathered the RE downturn well?

=========================================
We are excited to formally extend to you an offer to join Bank of Ameria

Jun 16, 2010
PiperJaffrayChiang:

Has starwood weathered the RE downturn well?

They recently raised capital for a new fund. Interest was very good.

Jun 16, 2010

They have been doing wery well. Mainly partnering with other PE firms and buying distressed properties or bad loan portfolios. Barry Sternlicht basically created Starwood Hotels after the S&L crisis in early-90's doing the same thing he's doing today. Biggest buy so far has been $4.5B portfolio from Corus Bank. Bought it on the low with FDIC backing.

In life, you sometimes do what you have to in order to do what you want.

Jun 16, 2010

-

In life, you sometimes do what you have to in order to do what you want.

Learn More

9 LBO Modeling Tests, 10+ hours of PE Cases and 2,447+ interview insights across 203 private equity funds. The WSO Private Equity Interview Prep Course has everything you'll ever need to break into the competitive PE industry. Learn more.

Jun 16, 2010

They have been doing wery well. Mainly partnering with other PE firms and buying distressed properties or bad loan portfolios. Barry Sternlicht basically created Starwood Hotels after the S&L crisis in early-90's doing the same thing he's doing today. Biggest buy so far has been $4.5B portfolio from Corus Bank. Bought it on the low with FDIC backing.

In life, you sometimes do what you have to in order to do what you want.

Feb 14, 2011

Bumping this wondering if anyone has any more insight on Starwood Capital? A close friend/colleague of mine who is very well connected mentioned to me the other day that he might be able to get me in the door at Starwood Capital, possibly at the associate level. Ive heard, however, that its a sweatshop and Sternlicht is a jerk and churns and burns everyone after a couple years. Any insight on this, comp, culture, etc would be very helpful.

Feb 14, 2011

anyone know anything about this firm?

Feb 14, 2011

I applied for a summer internship in the Energy division of Starwood.

The company is ranked Top 50 hedge funds by D.E. Shaw.

Feb 14, 2011

Starwood was bidding for Equity Office Properties along with Vornado and Walton Street Capital.

Feb 14, 2011

Has anyone interviewed with Starwood before?

Feb 14, 2011

bump
any info ?

Feb 14, 2011

bump. Old thread, but I'm curious as they're attending my campus career fair

Feb 14, 2011

An associate at my friend's pe shop used to work there and he said that most people there are elitist dbags and culture wasn't that great hence why he's at a different firm.

Feb 14, 2011

Applied to Starwood (through HR) and interviewed with a third-party recruiting agency. Interview went great (all fit obviously) and she said something like "ok, if the team likes your resume, they'll bring you in to their offices." Then? Radio silence.

Have worked with their guys a little bit though. A lot of HBS grads.

Feb 14, 2011

Thanks for the insight fellas. Sounds like a pretty douchey shop, I'll pass.

Feb 14, 2011

I would def still look at it if you get a chance to interview. They have a ton of money and are looking at everything. Experience would be ridiculous.

Feb 14, 2011

Most of the big ones are...No reason to pass on it that is if you can get an offer.

Feb 14, 2011

You should definitely at least try. My group does a ton of business with Starwood and its various funds. They're very active and their funds have done very well. Their latest opportunity fund was well oversubscribed.

Feb 14, 2011

Starwood culture is nuts. On the other hand, they have been second only to Blackstone in money raised lately. They are frequently chasing large and non-traditional deals (LNR, tri-pointe homes, etc.) Anyone who works there will get an insane amount of experience.

Feb 14, 2011

frankly this firm kind of sucks at the analyst level. know a few kids that work there and they're all IBD rejects who used connections to land the starwood gig last minute, despite being under qualified. might be different at the higher levels but stay away if you're going in as an analyst.

also... huge mistake to pigeon-hole yourself into real estate right out of college if you're not sure that's what you want to do for the rest of your life

Feb 14, 2011

Did you ever find any more info on this?

Feb 14, 2011

interested

Feb 14, 2011

Hey,

Yes, they are recruiting at our school as well. Will be interviewing with them in a few weeks. Don't really know what to expect though. Would be a great opportunity for a PE position.

Feb 14, 2011
Comment

I'm making it up as I go along.