Oaktree Capital Reviews

Updated July 11, 2015
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3.9
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Oaktree Capital Chairman & Principal Howard Marks
Howard Marks
10 Ratings

17 Employee Reviews

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  1. Good Pay and Good Lifestyle

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Los Angeles, CA
    Current Employee - Associate in Los Angeles, CA

    I have been working at Oaktree Capital full-time (More than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Competitive pay with a strong organizational culture. Favorable hours compared to most other alternative asset managers. Very friendly and supportive organization while still achievement oriented.

    Cons

    Internal opportunities to advance as an investment associate are limited in some groups. The culture is changing now that Oaktree is public. It is unclear if the culture will change for the worse.

    Advice to Management

    Please try to preserve the historical organizational culture as much as possible. Employees are worried about cost cutting and other changes that may have a negative effect on them. Non-investment employees have more frequently expressed these concerns, but investment professionals are concerned too.


  2. Helpful (1)

    Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Los Angeles, CA
    Current Employee - Analyst in Los Angeles, CA

    I have been working at Oaktree Capital

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The people are great. The work environment is supportive and there are opportunities for growth. Collegiality is valued and there are plenty of occasions for employees to come together and build relationships.

    Cons

    The hours can be long and volumes can be very high, with tight deadlines. Sometimes stressful.

    Advice to Management

    The staff works extremely hard at their jobs and most everyone is efficient, professional and skilled, so keep morale high by continuing to recognize the staff and continuing with the "perks" that are offered.


  3. Helpful (4)

    Get In, Get Out, Stack Your Resume

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Relations in Los Angeles, CA
    Current Employee - Client Relations in Los Angeles, CA

    I have been working at Oaktree Capital full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    - Oaktree is a place where everyone is competent, intelligent, well-spoken, effective and pleasant. - Exposure to people and product knowledge is plentiful. - Compensation is above average, although not spectacular. - The vacation policy is antiquated but the health coverage is unparalleled.

    Cons

    - The last year has changed Oaktree as it has morphed from a optimistic 'tackle-anything' small office firm to a more corporate, cost-cutting, EPS-driven structure; this is largely driven by the new CEO. - There is no real opportunity for promotion or bonus increases, as promotion timelines have been significantly lengthened to slow the growth of compensation expense for shareholders. - Corporate direction occurs behind closed doors until it is unveiled as a surprise email or an announcement in a meeting.

    Advice to Management

    Advice to Management: Please be aware that the culture change of the last year is driving morale down. Since the Oaktree brand is more valuable to other employers than than the going wage rate and lack of promotion at the firm, turnover will increase. Advice to You: Getting a job here is a great move. But plan your exit strategy as soon as your first day. Get in, chalk up some experience, get to know a lot of people and then make moves. This place is a stepping stone, not a destination.


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  5. Helpful (3)

    Great place to start. Not much opportunity for upward movement.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst (Marketing, Client Services) in Los Angeles, CA
    Current Employee - Analyst (Marketing, Client Services) in Los Angeles, CA

    I have been working at Oaktree Capital

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Friendly work environment. Good pay. Great benefits. Oaktree has really been a great place to start a career in asset management.

    Cons

    Upward mobility seems very limited and now with the new CEO, the once 'small shop' feel is quickly dying and being replaced with a more 'bottom line conscious' Wall Street feel.

    Advice to Management

    Encourage managers to provide opportunities for new work and more constructive feedback


  6. Good place to work.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Oaktree Capital

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great work environment. Good opportunities.

    Cons

    None I can think of.


  7. One of the best places to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA

    I worked at Oaktree Capital full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great management, awesome benefits, smart people and interesting work. Overall, one of the best places to work in finance in LA.

    Cons

    Sometimes there is limited chances for growth, because no one wants to leave.

    Advice to Management

    Try to keep on maintaining the culture - it is truly a special place.


  8. Helpful (4)

    Great place... but things are 'a changin'

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President, Fund Accounting in Los Angeles, CA
    Current Employee - Assistant Vice President, Fund Accounting in Los Angeles, CA

    I have been working at Oaktree Capital full-time (More than 5 years)

    Approves of CEO
    Approves of CEO

    Pros

    - Great co-workers - really bright people that know their stuff - Becoming overly bureaucratic in some departments - Becoming a hugely cost containment type environment

    Cons

    - Sometimes it takes forever to reach decisions - Increasing pressure for doing your job with less - Poor communications from the the higher-ups on where they see the company going, especially given the public status of the company - Company seems to be stuggling to find the next thing where it can continue to perform at the great levels of the past.

    Advice to Management

    Formulate a vision of AND COMMUNICATE that vision to people. Make it tangible in the middle management and lower ranks - meaning how does that impact "my job".


  9. Helpful (3)

    Great Company Depending On Department...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA

    I worked at Oaktree Capital full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great benefits and Pay Respectful to lower ranks overall

    Cons

    Depending on what department you're in, there are still those much feared bullying issues. Applicants must ask the questions and make sure during interview that they are compatible with the team they will be working with.

    Advice to Management

    Be more fair to all- not just higher ranked/tenured individuals...one day the lower ranked employees could surpass the higher ranked one in skills, worth, and tenure so don't judge the situation by simple factors like who's been there longer and who has more experience.


  10. Helpful (1)

    Nice people, but little upward mobility, and some managers are not very strong

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Legal in Los Angeles, CA
    Current Employee - Legal in Los Angeles, CA

    I have been working at Oaktree Capital full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Above market pay and nice perks

    Cons

    No upward mobility unless you are a top manager


  11. Tremendous platform to learn

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Los Angeles, CA
    Current Employee - Associate in Los Angeles, CA

    I have been working at Oaktree Capital full-time (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    The culture is absolutely amazing. Very nice people and family-oriented culture. People really go out of their way to help each other and be constructive.

    Cons

    Not a huge female presence in the senior level. Fairly male dominated.



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