Oaktree Capital Reviews

Updated March 14, 2015
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4.0
14 Reviews
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Oaktree Capital Chairman & Principal Howard Marks
Howard Marks
7 Ratings

Employee Reviews

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  1. One of the best places to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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.

  2. Good place to work

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

    I have been working at Oaktree Capital as an intern (Less than a year)

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

    Pros

    good place to work for.
    nice perks

    Cons

    i didn't experience anything of con

  3. Helpful (3)

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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".

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  5. Helpful (3)

    Great Company Depending On Department...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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.

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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

  7. Tremendous platform to learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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.

  8. High growth, smart people

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

    I have been working at Oaktree Capital full-time

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Good pay, good benefits, fast growing company

    Cons

    long hours, mediocre / poor culture

  9. Helpful (1)

    Great company

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL

    I worked at Oaktree Capital

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    Good working environment, good people

    Cons

    Hard to advance, hard to make extra bonus

    Advice to Management

    Ambitious

  10. Oaktree Capital (Hong Kong) Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in Hong Kong (Hong Kong)
    Former Employee - Associate in Hong Kong (Hong Kong)

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

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

    Pros

    Very generous pay. Relaxed culture.

    Cons

    Oaktree made some very bad hiring decisions during the early days it started here in Asia. The teams in HK, Tokyo, Seoul, and Singapore made a series of bad investments. Particularly in HK PE team, the performance was so bad that the HQ people lost all confidence in the team. What is left for us who joined later is a legacy portfolio consisting of bad performing companies. Our daily job is to manage them and try to exit. The problem is, there is not much to be done. We have very few companies and maybe only one of them is worth managing. And as a financial sponsor you don't do the actual operations at the company. So all we do is monitoring. And that takes maybe 20 minutes a day on average. On new investment side, all the deals we sourced need to be sent to LA. And because I mentioned earlier that they have lost all confidence in the team here, all the deals were met with deaf ears. In the past 5-6 years, the team here did zero deal. For some of the MDs here that is fine. They are already MD meaning they have arrived at the end of their career. They are settled with such great lifestyle (20 mins of work per day and can take vacation or do personal things any day at any time). So intead of traveling / going to meetings and trying to make something happen, they just sit in the office every day and chill. Good for them. But for us junior employees, you know you will not find another job if you go by years without any deal experience. The model is not sustainable. Eventually the LA people will cut this team and you are left with nothing as you just wasted years of your life while your peers are so far ahead of you that you may never catch up again in a fast moving world like this.
    I admit I sound like a disgruntled former employee. But think about this, if I was paid a lot of money, and lived a great lifestyle (too good) and yet I am still so bitter on the internet, it says something about the Oaktree's HK office. As a matter of fact, the PE team in Asia lost 90% of the investment professional over the past few years. That says something.

    Advice to Management

    Do not keep this investment team in Asia just because it looks good to shareholders now that you are a public company. If you have already decided not to do anything with this team ever, just cut them. What you guys probably do not know back in the US is that Oaktree's team here is a running joke on the street.

  11. Exhilirating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Oaktree Capital full-time (More than 10 years)

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

    Pros

    Excellent company, which is consistenly growing year over year.
    Offers excellent benefits to all employees.

    Cons

    There are none as this company is doing everything well.

    Advice to Management

    None required.

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