Oaktree Capital Reviews | Glassdoor

Oaktree Capital Reviews

Updated September 19, 2017
50 reviews

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3.8
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Jay Wintrob
12 Ratings

50 Employee Reviews

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Pros
  • Amazing people, amazing culture, great work-life balance (in 4 reviews)

  • Smart people, great benefits, compensation is good (in 6 reviews)

Cons
  • Lots of closed doors, whispering and holier than though vibes from the higher ups in that department (in 3 reviews)

  • long hours, mediocre / poor culture (in 2 reviews)

More Pros and Cons

  1. "Great Company, not much advancement"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Oaktree Capital full-time

    Pros

    Great benefits and compensation

    Cons

    Can be dead end in you're in administration


  2. "Admin"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Oaktree Capital full-time

    Pros

    Great people and you learn a lot

    Cons

    could be more transparency

  3. Helpful (5)

    "Used to be a Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in Los Angeles, CA
    Former Employee - Senior Vice President in Los Angeles, CA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Oaktree Capital full-time (More than 8 years)

    Pros

    The people, co-workers and colleagues in the firm, are generally fantastic people.

    Cons

    Nine out of the last ten years were great, but Oaktree has changed a lot since going public, getting a CEO, etc. Some of the top Managing Directors are people that you don't want to work for, that don't value the work you do and/or your contributions. The firm has begun eliminating positions (i.e., laying people off) for reasons that seem to discriminate against older workers and others who are at the top ends of the salary scale, and this is really bad for morale.

    Advice to Management

    Need to be less short sighted and make decisions that take more into consideration than just the bottom line.


  4. Helpful (1)

    "Accounting"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Oaktree Capital full-time

    Pros

    Medical benefits and vacation hours

    Cons

    Very political and senior management play favorism when it comes to promotion and workload distribution. You are not valued at how much you contribute to the team but how much you suck up to your managers. Low morale due to high turn over rate.


  5. Helpful (3)

    "Meh"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Oaktree Capital full-time (More than 5 years)

    Pros

    Really smart teams and people. Management is very poised and professional. Fun yearend party and summer party. Very family friendly. Excellent health insurance.

    Cons

    Until recently, they had 10 vacation days a year. Finally, they increased that to 20! Huge win. They always work on Christmas Eve and the day after Thanksgiving. It is not the kind of work environment where you feel comfortable using your vacation. People love to romanticize the "good ole days" and pretend that it is all the same at Oaktree. But those days are LOOONG gone. I feel like they are walking around pushing that same tired story and doing things the way they have always been done. But that is NOT going to cut it in this business environment. They need more employee-friendly practices, and to quit being afraid to change. Their entire investment strategy is to avoid risk, and they apply that to absolutely everything. Per Mark Zuckerburg, not taking risks in this business environment is the riskiest thing you can do. They need a full revamp of their brand and a facelift on their identity.

    Oh yeah, and very little opportunity for movement. But they will work the heck out of you.

    Advice to Management

    Evolve.


  6. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in Los Angeles, CA
    Current Employee - Senior Vice President in Los Angeles, CA
    Recommends
    Positive Outlook

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

    Pros

    Collegial culture and company values are second to none. People genuinely like each other and feel like family.

    Cons

    The company is still maturing and establishing processes and structures. I like that as it enables me to make my own way, but it's not for everyone.


  7. Helpful (2)

    "Was a Great Place"

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

    I worked at Oaktree Capital full-time

    Pros

    Great benefits and compensation. WOrk life balance is amazing

    Cons

    very very political. But if you are on the winning side, be prepared for raises

    Advice to Management

    Everyone hates change. Dont punish those who bring about good change.

  8. Helpful (1)

    "Senior VP Private Equity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President Private Equity in Los Angeles, CA
    Former Employee - Senior Vice President Private Equity in Los Angeles, CA
    Recommends
    No opinion of CEO

    I worked at Oaktree Capital full-time (More than 10 years)

    Pros

    Excellent compensation and benefits. Collegial culture.

    Cons

    Requirement to take part of annual bonus in Oaktree stock that vests over time and is restricted.


  9. Helpful (5)

    "OCM"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good experienced people work here.

    Cons

    With morale and compensation, OCM is about to lose those good people.


  10. Helpful (2)

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Amazing people, amazing culture, great work-life balance. Honestly, an all-around wonderful place to work.

    Senior Management also appears to be genuinely committed to the company (founding members taking $1 salary and still working full-time in the office, for example)

    Truly an incredible experience to work at this firm, and I have the highest respect for Oaktree's business integrity and adherence to its principles.

    Cons

    I wish HR would be a little more employee-focused and less company-focused sometimes. Sometimes seems like HR is focused less on current employees being happy, and more on cutting corners to maximize $$ for the company. This, obviously, is perfectly fine from an operational perspective, but with a company that stresses "people first" it'd be nice to see this play out in practice. Absolutely no qualms with senior management on this; they've worked hard to enact a lot of new changes that directly benefit lower-level employees and local communities. This, I feel, is a good embodiment of Oaktree's principles, some HR policies less so.

    Advice to Management

    Continue to set up meetings and lunches with low-level employees. They're some of the most memorable experiences, and instill enthusiasm and loyalty to the Oaktree brand.


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