Is Apollo that bad?

I was texting a buddy who said his cousin told him he has an opportunity to move and he asked if I knew anyone or anything about it. Only thing I know is what I’ve read on here and a small anecdote from a former coworker who used to work in banking and said Apollo was the dark side (they pay a lot but you’re selling your soul).

 

Don’t work there but how bad can any finance firm be? It’s not like you are in the military. It’s a white collar job…a bad day is you stare at a screen longer not lose your arm or have a patient die on you

Sure you work hard (and play hard too?), late nights to midnight or w/e. You also work on cool/complex deals, work with insanely smart people, learn about interesting businesses and cool deal structures, work in awesome offices with great views.

 

I know of two people who had to quit because of the health issues they developed from prolonged stress and lack of sleep.

 

The problem is that those who have the opportunity to go to Apollo could also probably go somewhere with slightly worse prestige that doesn’t work them within an inch of their life. There’s a reason a few years ago Apollo paid huge bonuses for anyone willing to stay and still most of their associates chose to leave.

 
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Close friend worked at Apollo as an associate. Outside of the late nights + soul-crushing hours that others have alluded to on this thread, the most outrageous thing I heard about was how associates were actively discouraged from interacting/socializing in the bullpen (regardless of workload). As in, if associates were seen socializing in any way, or if their interactions were perceived as not being directly related to work or moving workstreams forward, they would be verbally criticized and essentially told to go back to their desks and fall in line. It's a small detail that's unlikely to elicit particularly visceral reactions, but it's a preposterously oppressive aspect of the culture that speaks to how deeply miserable the experience is. My banking + MF PE experiences were on the more taxing end of the spectrum (at least, based on what I observed), but I genuinely harbor no resentment from those years and look back on those times fondly given aspects of my experience - unrelated to the number of hours I worked - that made those experiences both beneficial and tolerable (at that point in my life). I'm still prone to taking more punishment than necessary since that's just how I'm wired (a residual part of my pre-MBA experiences), but generally speaking I have exactly zero patience for higher-ups/cultural norms generating unnecessary and infuriating friction for absolutely no reason. The job is hard enough as it is; folks don't have to be overly-positive or de facto cheerleaders, but if people actively choose to disregard reasonable decency simply because they can (power dynamics), then I will have no problem being devoid of sympathy if those individuals get physically maimed in an unlucky accident.

Otherwise, yes, working there sucks. You have to be committed to very specific goals for Apollo to be your employer of choice as an associate. One drawback of working at Apollo that is low-key, and which doesn't get discussed on this forum very often, is that the stigma that comes with working there - even for people in banking/PE who have every insight imaginable - is unambiguously negative. Entirely unrelated to morality; if you're in finance/banking you might have sensed the underlying tension I'm referring to when someone mentions that they're going to/currently working for Apollo. For context, my banking group was GS TMT/MS M&A-caliber, so my peers had options. The overwhelming sentiment boils down to: sure, congrats you're going to Apollo but in 0.5 seconds I'm not going to care and the admiration that crossed my mind is no different from others going to MFs; in fact, most of the people I know declined to participate in the Apollo interview process (or proactively expressed a disinterest upfront in conversations with headhunters) because there was no discernible upside to make up for the very tangible and widely-known downside that comes with working there (vs. other MFs); and, and this is unique to Apollo, I am more likely to think that you are a complete psycho until proven otherwise so this interaction isn't likely to progress beyond the few words we will exchange here.

In other words, as someone who adhered precisely to the BB IB --> MF PE --> HBS/GSB track, I am very skeptical of anyone's credibility if they view working at Apollo as distinctly elevated relative to other highly-regarded exits post-banking.

 

Poster from above. Sure, that's valid. My overwhelmingly negative commentary is really for folks who haven't given much thought to the challenges that come with working at Apollo (or are unrealistically discounting what they've heard), and who are just pursuing the role because they're driven by prestige/perception. Obviously, if you've done the research and understand what you're signing up for, and are comfortable with the tradeoffs, then by all means make Apollo your top choice. You'll learn a lot if their style of investing is what you want to do over the long-term, probably no better place to do it given the results they've had in that particular lane.

If you're interested in that style of investing and have doubts about the Apollo experience being the right fit, I'm sure there are other shops out there that would provide similar reps/exposure in a more tolerable environment. My current/prior firms had minimal overlap with Apollo and/or pursued very different investing styles, so I'll let folks who have a more nuanced understanding of Apollo's side of the market provide names of shops worth pursuing that fit the mold here. Lastly, it's worth noting that firms with comparable investing styles (regardless of scale, both similar to Apollo and more downmarket/smaller) typically come with cultures on the harsher end of the spectrum; not sure if this is driven by the personality types that are drawn to that style of investing or if it's a function of the grind that comes with those types of deals, but it's a trend I've noticed so wanted to share the observation.

 

Is this consistent across the credit and HV divisions?

 

The WLB and overall culture suck in all teams across the entire firm, but some partners/MDs are nicer and more respectful than others. It's very group head dependent and within groups like credit you'll have multiple people you report to so you can't bank on finding one good MD. Something to suss out in the interview process to the extent that you can. 

 

Can probably guarantee this poster is a borderline sociopath.

 

Works at Apollo Global Management

A lot of current and (possibly disgruntled?) former employees lean into the "dark side" descriptors more than actually reflects reality. I joined as an associate and am now a principal - I really like it here and enjoy the people I work with.

Whats comp

 

Ignore title.

Seems to be vvv negative at Apollo. 

Is it bad only for PE and does it vary for London and New York?

Can anyone chime in for the credit (both private and public) arm especially between London and New York?

EDIT: I mean the culture in the credit teams vs PE (between both london and new york)

 

The public credit team focuses on publicly traded debt, the private credit team focuses on private debt. NY team is based in the US, London team is based in UK. DM me for more details, happy to share

 

Thanks for your reply,

Apologise if my post was confusing, I mean the culture of the credit teams

I know private credit is more deals focused and the public credit side is more markets oriented.

But I wanted to know the culture within the credit teams in london vs new york

 

These posts are so dumb

if you are an associate you shouldn’t be spending your time “socializing” with the other guys in your bullpen. Focus on your work, keep head down, be first in and last out, make your boss happy and look good to his boss, and if you have a free second find ways to create value for your portfolio companies not banter with your co workers who are also busy and could be distracted 

ITT: Apollo isn’t google and I can’t nap during the day, also I can’t play with my co workers! Gmafb you are making massive $$$ to learn and work on complex deals

 

I'm the poster who wrote about the socializing point above. I sense that your post isn't meant to be taken seriously/at face value, so I normally wouldn't respond, but I did think it was worth following up and offering a slight clarification on my earlier post. This is for other readers, who I suppose could find some of the ambiguity in my posts confusing/misleading... I'm neither defending my original post nor attempting to change the mind of the poster I'm replying to. 

When I referenced "socializing", I was referring to modest bullpen conversation amongst co-workers that, 100% of the time, is used as a 5-10 minute break between hours-long stints of focused/mentally taxing work. The friend of mine who worked at Apollo (the one who gave me this information) made it very clear that "socializing" in the Apollo context was behavior that would be acceptable in a very strict college library. Definitely much tamer than the ways in which downtime was spent during our banking experience, which was closer to the more reserved end of the spectrum and by no means "fratty."

My hope is that this clarification emphasizes the overarching point from my initial post above by demonstrating more specifically the degree to which Apollo's culture is unnecessarily depressing. It's not like folks are setting up a carnival in the associate bullpen, this is a truly low bar we are talking about here.

 

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