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I'm not too knowledgeable about all of that but I will say that Long Only AM (what you'll end up doing as a CAP Associate) is often the end goal for many people in all spectrums of finance. You'll be in a rotation for two years as a CAP Associate, then you'll join a sector investment team which you would have gained exposure to one or more through your rotations. They obviously have a long term view on their stocks being long-only so not as much focus on quarter by quarter updates and less volatility (blowing up and entire team getting fired) than a hedge fund. Comp is competitive, I think I saw their range on LinkedIn for a NY posting to be between 132K-188K base but this was for a slightly more experienced position. Probably compares to/is a little less than SS ER. Ultimately whether it's worth taking or not depends on your goals - do you find public markets investing interesting enough to make a career out of? If not, then you might want to do the IB-PE route. It should also have a significantly better WLB than any IB/PE job. This is all from conversations I've had with someone in this program.
EDIT: Their reputation is also pristine, literally one of (if not the best) long-only asset managers out there, and being private as opposed to the public LOs is helpful as well. People who get in investing roles here do not tend to leave.
Would it be easy to transition back to an IB or PE role after a CAP Associate gig ?
I have no real experience in this arena but what I would say is probably not. You don't develop any of the skills needed for IB/PE while in an Asset Management role and ultimately they just have two completely different views of the market. You'd probably have to go for an MBA to switch over.
Agreed with the above just adding in about comp. In the US CAP is only based in LA and the base is 100k/110k.
Applied for this program last year and got through two rounds. Extremely competitive. They are only looking to take around 15-20 per year and usually about half of those are diversity. Interviews are entirely behavioral.
What did u end up doing instead of CAP ?
IB
I know for a fact that CG only directly promotes CAP associates directly to investment analyst. Experienced hires to their pre-MBA associate program do not get promoted to analyst, just the way they run things over there. And you work way less hours than you would in IB.
A few wrong comments on here. For their LA office they typically take less than 10 a year most coming from the internship program. You can lateral to analyst role. Most CAP associates don’t become equity analysts.
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By atypical backgrounds, what are they specifically looking for?
Diversity hires
@forbiddenpanda
May I send you a DM for some questions? Going to speak with the Equities team. Thanks!
Did you end up getting an offer?
How long did they take after the final round of interviews to get back to you?
how many interviews you had to do and how many days superday went on?
I have applied since July and have not heard from them on Superday (EMEA) - got some internal referral too - any insight please
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