Capital Group Information
All:
I’m looking for information on Capital Group. It is widely known as a top Long Only shop and seems to hire their investment analysts out of HSW (typically with 2+2 IB/PE backgrounds) and from top hedge funds.
Specifically, looking for info on following topics:
- org structure (how many analysts, PMs, and how are teams organized)?
- investment process
- career progression
- comp
- hours
- interview process
Less interested in the 2-3 year, pre-MBA associate program. Thanks in advance.
Following
Surprised no feedback on this. Here's what I know:
$2Tn in assets charging ~50 bps = $10bn in revenue. This would make it one of the single largest investment firms in terms of top-line revenue.
There are around 150 named investment professionals on their website. Multiple PMs per fund and analysts are sector-focused with carved out sleeves. They only seem to hire a few people per year and turnover in investment staff is extremely low. They hire from business school (M7), other top MFs (Wellington, Dodge & Cox) and top HFs (Glenview, Third Point).
I have heard that the lifestyle is good and that the job is incredibly stable.
https://www.capitalgroup.com/us/investment-professionals.html
Tagging some posters who may be knowledgeable..
ruscal MMPM Vandelay Industries qwantum70 rickle Dunder xqtrack saracen Gray Fox Marcus_Halberstram SpacemanSpiff dazedmonk
Think you hit most of his questions. Biggest draws are 1) culture 2) analysts run money and 3) probably the best comp to quality of life in all of finance. No real unifying philosophy, but leans growthy with long term view. Career progression is terrible at associate level (pretty much no analyst promotes).
FYI OP, I'm not sure if you are referring to the TAP program when you mention the 2-3 year pre-MBA program, but they do have a formal associate program. Associates here are allowed to stay as long as they want (similar to what T Rowe had up until pretty recently) with the associates who stay on for a long time becoming sector/subsector specialists. Comp in that role is still fantastic, and its perfect for people who like to research stocks but may not want the pressure of a PNL.
Thanks, this was helpful. May send you a DM with a couple follow-ups.
@Dunder -- I am new to them so my apologies for the question. They do recruiter for investment teams and their fundamental research teams. Right?
OP - Unfortunately I don't know anything about their hiring or career progression. I know about them from an advisors perspective - classy shop, extreme loyalty within the advisor community, good solid equity fund family. Generally thought of as one of the best! Have used their funds for over 25 yrs.
I think most AM firms are highly selective in portfolio mgmt recruiting. Like way more selective than banks for IB. As the upline poster suggested, typically seek post MBA from top schools, HF, etc. Probably need to go through research programs first (for several yrs) and work your way up.
Appreciate the input!
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