Owl Rock / Blue Owl - any views?
Any views on working for Blue Owl (credit side)?
How is the culture? Sweatshop? Do they pay market? What does Aso / Sr. Aso / VP comp supposed to look like there given longish promotion track? Any cool perks? How does the underwriting / origination dynamic work?
Based on the most helpful WSO content, Blue Owl, which is known for its rapid growth, is often discussed in terms of culture, compensation, and strategies. Here's what I can share:
Culture: While specific commentary on Blue Owl's culture isn't detailed, when looking at credit houses in general, culture can vary widely. A firm's culture can range from collaborative and supportive to more intense, sometimes described as a "sweatshop." It's important to network with current or former employees to get a sense of the culture at Blue Owl.
Compensation: In the competitive landscape of private credit, firms typically aim to offer market compensation to attract and retain talent. However, specifics on associate (Aso), senior associate (Sr. Aso), and vice president (VP) compensation at Blue Owl aren't provided. Compensation often includes a base salary and a performance-based bonus, which can be influenced by the firm's success and individual contribution.
Promotion Track: The mention of a "longish promotion track" suggests that promotions may take longer and could be based on a combination of performance, tenure, and availability of higher-level positions. This is common in the industry, where the path to VP and beyond can be competitive and based on merit.
Perks: Specific perks at Blue Owl aren't listed, but in the finance industry, perks can range from health and wellness benefits to networking opportunities and professional development resources.
Underwriting/Origination Dynamic: The dynamic between underwriting and origination typically involves the origination team focusing on sourcing and negotiating deals, while the underwriting team is responsible for the due diligence and analysis to assess the creditworthiness of potential investments. The collaboration between these functions is crucial for the successful execution of deals.
For more detailed and personalized insights, it would be beneficial to connect with professionals in the industry, utilize the WSO Company Database, or engage in discussions on the WSO forums to gather current employee experiences and up-to-date information on Blue Owl.
Sources: Blue Owl - Any commentary?
This really is a useless response . . . jesus.
Heard from friends they pay market or above but grind you hard..
Gotcha - so sounds like not the worst place to be given that most direct lenders their size grind pretty hard?
Define grind you hard in terms of hours worked, weekends blown up, etc. Thanks.
In fairness can't really think of a mega-direct lender ($500m+ holds) that doesn't grind you decently hard. Like HPS, Blackstone, Ares, Golub, Apollo private credit all sound like huge sweatshops given appended DD timelines and volumes.
Are you talking banking like hours (80+) or something more manageable in the 55-65 hour range?
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