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?

Comments (49)

 
  • Prospect in IB - Restr
Sep 24, 2020 - 5:28pm

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?

 
  • Intern in IB - Gen
Sep 24, 2020 - 6:12pm

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.

 
Oct 2, 2020 - 12:12am

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.

 
  • Intern in IB - Gen
Oct 21, 2020 - 3:49pm

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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