Apollo FIG

Based on the most helpful WSO content, FIG (Financial Institutions Group) roles can vary significantly depending on the firm and the specific team. If the posting is for Apollo and mentions FIG, it could be related to their private equity (PE) strategy focused on financial institutions, but it might also involve other areas like strategy or advisory work. FIG PE typically involves investing in or acquiring financial services companies, while FIG strategy could lean more towards consulting or internal strategic roles.

Regarding compensation, if the posting mentions $90-110k, it seems more aligned with entry-level roles outside of traditional private equity, as first-year PE associates at top firms like Apollo generally earn significantly more. For example, Apollo's first-year associate compensation is reported to be around $395k, which is much higher than the $90-110k range mentioned. On the other hand, bulge bracket (BB) investment banking analyst roles typically pay in the range of $168k for first-year analysts, as per the latest WSO data.

For early career decisions, if you're comparing a FIG role at Apollo (assuming it's not PE) versus a BB banking role, the choice depends on your long-term goals: - If you're aiming for private equity or hedge fund exits, BB investment banking might provide a more traditional and structured path. - If the Apollo FIG role is indeed PE-focused, it could be a unique opportunity to break into private equity early, though you should confirm the specifics of the role.

Ultimately, understanding the exact nature of the FIG role at Apollo is crucial before making a decision.

Sources: Apollo is revamping recruiting and softening its culture. Here's a look., PE Recruiting From BB FIG, Investment Banking to Private Equity - 6 Things You Should Know, Blackstone / PJT Exit Opps, 2017 Private Equity Report – 8 Category Highlights