Apollo Offers Six Figure One Time Bonuses to Retain Associates

The New York-based firm will make the payments in April, which will vary from $100,000 to $200,000, said the person, who asked not to be identified because the matter is private. In exchange, associates, who are typically in their mid-20s at Apollo, must agree to stay at the firm through September 2022, this person said. - Bloomberg

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Comments (54)

  • Analyst 1 in IB - Gen
Mar 25, 2021 - 10:20pm

Saudi Arabia = Apollo. You are only there for the money and if you're lucky you will avoid the chopping block.

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  • Associate 1 in IB - Ind
Mar 25, 2021 - 10:46pm

I'd delete this my dude

Edit: why are dumbshits throwing MS for this..someone at apollo could find out who this guy is in five minutes and have him canned.  I dgaf about apollo trying to help this dude not get fired

Mar 26, 2021 - 7:19pm

As someone who's interacted with Apollo credit people, the firm is extremely pushy / aggressive, even more than other MFs. I've seen them make requests at 2AM for the next morning for completely immaterial things. Toxic firm both inside and in how they interact with banks and other investors. 

  • Intern in HF - Other
Mar 29, 2021 - 9:42am

To be fair nothing is picking back up to any pre-COVID levels before the end of this year so it's not really a 2-year commitment. It's more like 9-12 months for $100-200k which ain't that bad of a trade-off. Staying for that time if you invest the $ for 20-30 years could accelerate your retirement faster than the amount of time you'd be giving up now. 

Mar 29, 2021 - 4:59pm

QUESTION because I'm genuinely curious: what's a total comp number that you would give an Apollo-equivalent year up for (pre-tax)? Half a million? The way I see it, having at least half a million in savings by late 20's is quite a bit of dry powder to take more interesting risks down the road.

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  • Intern in HF - Other
Mar 29, 2021 - 5:23pm

What ever would come out to half a million net of taxes (so probably like $800k). If I weren't a couple years out of UG and actually had a nest egg, considerable assets, etc. it would probably have to be around $1 million or higher net of taxes. 

$100-200k in a non COVID year I would never consider but given that things won't be back to normal in the next 9 months at bars and clubs I just don't think it's a terrible figure.

  • Associate 1 in PE - LBOs
Mar 29, 2021 - 9:10pm

Pizz

Sign me the fuk up 

I would suck dick if it meant getting 200 large ones

You're too old for Leon's tastes if his estate planner with the island is anything to go by.

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  • Principal in AM - Other
Mar 29, 2021 - 11:10pm

You're looking at it wrong. What if someone paid you ~350k -450k to suck dick all year in a nice hotel room and you accepted it as a trade-off for the money? Then last year, they drag you to a motel washroom, put you in a lonely stall with a gloryhole and ask you to now suck dick for 20 hours a day without any real break while at the same time getting verabally and mentally abused by the guys whose dick you are sucking. Would an extra 200k over the nearly half a mil you were already making make any difference? 

  • Associate 3 in PE - Other
Mar 30, 2021 - 5:29pm

We don't really fire people, just comp them lower and put them on a slower promotion track. But why would you take $200k in April at the cost of (1) your ~$350k bonus in December (third year asso) and (2) your professional reputation? That makes no sense.

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