So my gf and I were talking last night about where we are trying to end up long-term. She is at an Ivy Law School and has some flexibility because the firm she is doing her Summer Associate stint at has offices everywhere and is very open to transfers. We are considering moving back to LA and while it is easier for her to just transfer offices it is more difficult for me... Long-term I really want something with a distressed focus which LA is fine for being that Ares and Oaktree are both headquartered there and Apollo and Cerberus have offices (there are smaller funds and I am aware of that just figured I would throw out the big ones)...
I started digging through MBA placement stats and trying to figure out where these offices recruit... So it is relatively obvious that all of the NY offices will recruit from Columbia, Booth, HBS, Wharton, etc. because the majority of the top BSchools are in the Northeast.. Where do the top LA buyside firms pull from? I saw there is an Oaktree guy who is an adjunct at UCLA and Oaktree has hired people from UCLA in the past, but would stanford still be better? Cal Berkeley? If one of the 4 mentioned firms above was your end goal on a partner/career track.. What would you do?
Interested in this as well
If you get into GSB, you go to GSB.
Stanford GSB without a question should be the first choice. Best b-school in the world along with HBS and huge name brand and clout in the california job market.
If you can't get into the likes of HBS/Stanford/Wharton/Columbia/Booth, take a serious look at UCLA Anderson. They give generous merit scholarships, a special investment management program for accepted applicants, and solid placement into L.A. shops. I can't speak specifically for Oaktree and Ares, but I know for a fact that Jeff Gundlach's shop, DoubleLine, has hired from Anderson. And of course, you have PIMCO as well, although they don't hire that much from Anderson despite Bill Gross being an alum.
For what you want, I think Anderson is better than Haas, and don't even look at USC Marshall.
FWIW, I'm at a M7 and currently interning in NYC but am seriously looking at L.A. Unfortunately, there aren't that many great opportunities for the type of finance jobs I want.
Very true haha.. I am in NY as well also. I am originally from the LA area though so this has always been of interest to me.
In regards to GSB if you look at the 2012-2013 recruiting organizations list on their site... Ares isn't even there and Oaktree didn't hire anyone
Can confirm, Anderson does punch above its weight with buyside roles (not traditional buyout PE or venture however) but I do know of quite a few folks who were successful recruiting for l/s equity funds and private credit.
I mean Ares and Oaktree are very tough to get into. By no means is being at Stanford GSB a golden ticket into certain buyside jobs. It may get you a look and interviews, but much of it will hinge upon your experience, fit, hiring needs, interview performance, etc. Also, distressed debt funds don't do as nearly as much MBA recruiting as long-short equity funds.
Are you only targeting 2-3 offices for a specific job?
I mean I am very interested in Distressed which is actually well-suited considering 2 of the biggest players are headquartered in LA.. I think I saw something that KKR has a credit fund up in SF.
You could easily broaden this question into ANY buyside recruiting in LA. Do HBS and Wharton still take the cake or are you better off going local with UCLA? Or Stanford?
If you get in. Go. To. Stanford.
Interested for 2023. How's wharton or booth or LA buyside roles?
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