Oaktree Capital Management, L.P.

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2026 Undergraduate Intern, Real Estate Debt

Salary

$89k

Location

Los Angeles, California, United States

JobType

internship

About the job

Info This job is sourced from a job board

About the role

Our Company 

 

Oaktree is a leader among global investment managers specializing in alternative investments, with about $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 1200 employees and offices in 24 cities worldwide.   

 

The strategy specializes in debt-driven opportunities across the Real Estate group's six areas of investment focus (commercial real estate, corporate real estate, structure finance, commercial NPLs, residential real estate and non-U.S. real estate), and pursues a wide range of investments, including CMBS, commercial and residential mortgages, mezzanine loans, and corporate debt. 

   

More information about our summer development program can be found here.  For additional information please visit our website at www.oaktreecapital.com. Applications will be open through December 12, 2025, and candidates can submit a maximum of three applications. ​ Please note, we are currently unable to provide sponsorship for our summer internship positions. This includes STEM OTP, H1-B, and other employment-based immigration cases.

Participation in our summer program does not guarantee future employment.

 

Responsibilities 

 

Oaktree is seeking a 2028 undergraduate to spend 10 weeks within the Real Estate Debt team. Summer Interns will have the opportunity to participate in a wide range of real estate transactions for Oaktree's Real Estate strategies. This summer program will be based in Oaktree’s downtown Los Angeles headquarters.  

  

Typical investment opportunities include:  

  • New loan originations across all CRE product types;  

  • Acquisitions of legacy loans, CMBS and other forms of public and private debt;  

  • Restructurings;  

  • Recapitalizations.   

  

The Interns will participate in a formal modeling and valuation training curriculum in addition to real estate investing trainings. Throughout the summer, Interns will shadow Analyst and Associate team members in the group with primary responsibilities to include:  

  • Financial analysis and modeling;  

  • Market research;  

  • Competitive analysis;  

  • Development of investment committee memoranda;  

  • Assistance in the due diligence and execution of transactions;  

  • Drafting of memoranda for internal and external use.   

 

Qualifications 

  • Outstanding financial modeling, analytical and presentation skills;  

  • Competency in financial statement analysis, business valuation, accounting and finance;  

  • Prior internship in financial services strongly preferred.  

  

Personal Attributes 

  • Outstanding initiative and strong work ethic;  

  • Demonstrate non-linear thinking;  

  • Excellent written, verbal and interpersonal communication skills;  

  • Ability to prioritize and manage multiple competing tasks;  

  • Collaborative, team-oriented with strong sense of integrity and professionalism.  

  

Education 

  

Currently pursuing a Bachelor’s degree from a top university or college. 

 

Summer Stipend 
 

$43/hour 

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.

About the company

Oaktree Capital Management, LLC operates as an investment management firm. The Company focuses on investment strategies in categories such as distressed and corporate debt, control investing, convertible securities, and real estate and listed equities. Oaktree Capital Management conducts business worldwide.

Skills

Financial Modeling
Excel
PowerPoint
Valuation