I was lucky enough to get offers to both the Apollo Credit Summer Analyst Position and a BBIBD stint (Barclays, BAML, CS). How do these two roles compare in terms of exit opps, prestige, compensation? Which one would you take and why?
Why are you bumping this and screaming for guidance as opposed to answering the question asked so that people can readily help you?
There was a discussion last week about Apollo performing credit vs. BB Distressed, As I said then, distressed IBD was going to be more modeling intensive and give better training. Notice though, at that time we could advise based on group at BB and at Apollo.
Just be more complete - do you know which group in IB and which group at Apollo?
Generally, credit, unless distressed, will be a little easier on the modeling than anytime you have to build operating models for equity holders. Buy side has the advantage of training you on a "investor's mindset."
Apollo Credit is solid but ultimately its a fundamentally different role than IB especially at an entry level.
I think that something like M&A / Sponsors at CS, Sponsors at BAML or Nat Res / Power at Barclays would be strongly preferable to Apollo Credit. A less traditionally "prestigious" coverage group at one of these banks may seem better, but in the long-term will provide you with more optionality than Apollo Credit likely would.
This question is impossible to answer without knowing groups or your goals. There is no clear "better" option, and opp credit is very different than direct lending which is very different than structured, and all of them are much different than banking.
Purely in terms of "optionality" if that is defined as ease of getting other offers in full time recruiting if you decide to switch, Apollo opp credit is probably best assuming you get a ft offer.
Comp differences are negligible and "prestige" doesn't mean much
For reference for anyone looking at this thread in the future, I went with Apollo in the end. As far as modeling/technical experience goes the feeling I got was that the Credit role would certainly give me experience with models that are less in depth than most M&A groups at BBs but ultimately would give me more technical exposure than an industry coverage group that I would most likely end up in. This was confirmed by analysts in both roles that I spoke to when I was making a decision. In addition I think the Apollo name carries a lot of weight considering how selective they are with their Summer Analysts and optionality in the future. Lastly I see the role at Apollo to be a lot more intellectually stimulating as you're essentially making your own investment theses and pitching them to your PM's as an analyst which I personally find to be pretty cool and nothing you'll ever get to experience in banking.
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Was in a similar situation before, chose to go with BB IBD. Depends on which group you got in Apollo's credit group.
Which groups are better or worse?
Bump please I have an exploding offer and need some guidance
Why are you bumping this and screaming for guidance as opposed to answering the question asked so that people can readily help you?
There was a discussion last week about Apollo performing credit vs. BB Distressed, As I said then, distressed IBD was going to be more modeling intensive and give better training. Notice though, at that time we could advise based on group at BB and at Apollo.
Just be more complete - do you know which group in IB and which group at Apollo?
Generally, credit, unless distressed, will be a little easier on the modeling than anytime you have to build operating models for equity holders. Buy side has the advantage of training you on a "investor's mindset."
The offer is for Performing Credit group.
No visibility into BB group could be placed anywhere
Apollo Credit is solid but ultimately its a fundamentally different role than IB especially at an entry level.
I think that something like M&A / Sponsors at CS, Sponsors at BAML or Nat Res / Power at Barclays would be strongly preferable to Apollo Credit. A less traditionally "prestigious" coverage group at one of these banks may seem better, but in the long-term will provide you with more optionality than Apollo Credit likely would.
This question is impossible to answer without knowing groups or your goals. There is no clear "better" option, and opp credit is very different than direct lending which is very different than structured, and all of them are much different than banking.
Purely in terms of "optionality" if that is defined as ease of getting other offers in full time recruiting if you decide to switch, Apollo opp credit is probably best assuming you get a ft offer.
Comp differences are negligible and "prestige" doesn't mean much
For reference for anyone looking at this thread in the future, I went with Apollo in the end. As far as modeling/technical experience goes the feeling I got was that the Credit role would certainly give me experience with models that are less in depth than most M&A groups at BBs but ultimately would give me more technical exposure than an industry coverage group that I would most likely end up in. This was confirmed by analysts in both roles that I spoke to when I was making a decision. In addition I think the Apollo name carries a lot of weight considering how selective they are with their Summer Analysts and optionality in the future. Lastly I see the role at Apollo to be a lot more intellectually stimulating as you're essentially making your own investment theses and pitching them to your PM's as an analyst which I personally find to be pretty cool and nothing you'll ever get to experience in banking.
Laboriosam hic aspernatur ut. Omnis exercitationem aut mollitia odio. Non soluta neque eos architecto doloribus amet laborum. Optio similique nemo quaerat sunt doloribus eum.
Recusandae eveniet qui non fugit. Quo dolores qui expedita ut. Rerum ea eius non quibusdam suscipit. Ipsam qui blanditiis et cum ex.
Sit ut magni eos reiciendis numquam. Maxime eos qui ipsum voluptatibus enim suscipit ad. Esse occaecati voluptas similique aut non assumenda tenetur.
In veniam tempora et tempore vel vel odio. Labore aliquam temporibus repellat deserunt. Illum autem et ipsum et animi omnis enim.
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