Analyst/Associate, US High Yield Bonds, 2026

Our Company

Oaktree is a leader among global investment managers specializing in alternative investments, with over $200 billion in assets under management. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.  The firm has over 1400 employees and offices in 24 cities worldwide.

We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.

Include a high-level description of your department or sub-department or investment fund/strategy. 

For additional information please visit our website at www.oaktreecapital.com.

Responsibilities

Oaktree is seeking an experienced Analyst or Associate to work within the U.S. High Yield Bonds Group for a 2-year program. Our philosophy and approach to high yield bond investing has not changed since our Co-Chairman, Howard Marks, and Sheldon Stone, co-founding Principal and Portfolio Manager of our U.S. High Yield Bond strategy, began working together in the early 1980s. We employ a highly disciplined, credit-intensive research approach to construct a well-diversified portfolio of performing bonds of creditworthy North American corporations. All of our efforts are concentrated in gauging credit risk and avoiding problems.

The Analyst or Associate will participate in all transaction functions and portfolio management activities including:

• Preparing detailed financial modeling;
• Performing quantitative and qualitative analysis; 
• Developing and maintaining business and industry due diligence;
• Recommending suitable trades and monitoring positions.

Qualifications

• 1-3 years of experience as an analyst with a top investment bank within restructuring, leverage finance or related program.
• Outstanding financial modeling and analytical skills.
• Demonstrated competency in financial statement analysis, business valuation, accounting and finance.
• Experience analyzing fixed income a plus, but not required

Personal Attributes

• Relationship Building; works effectively with strong, diverse teams of people with multiple perspectives, talents and backgrounds. Ability to elicit cooperation from and gain the confidence of a wide variety of participants including upper management, other departments and third-party service providers.
• Communication; strong interpersonal and verbal/written communication skills.
• Independence & Collaboration; proficient at working both independently and in a team-oriented, collaborative environment; able to drive work effectively with limited supervision (at times) with high attention-to-detail.
• Flexibility & Organization; adapt to shifting priorities, demands and timelines through analytical and problem-solving capabilities; proven ability to multi-task and efficiently manage time across competing demands; able to effectively prioritize, execute tasks, and thrive in a high-pressure, fast-paced environment.
• Driving Results; drives issues to closure; is a self-starter committed to achieving results and has a strong sense of ownership and follow-through.
• Intellectual Curiosity; must have strong problem solving skills; adept at conducting research; displays a technical aptitude.

Education

Bachelor’s degree required.

Equal Opportunity Employment Policy

Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.

Base Salary Range

Analyst: $110,000

Associate: $150,000

In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a comprehensive benefits package and a flexible work arrangement.  The base salary offered will be commensurate with experience and/or qualifications, industry knowledge and expertise, as well as prior training and education.

Equal Opportunity Employment Policy

Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.

For positions based in Los Angeles

For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.