What are the responsibilities and job description for the Summer Associate- Global Corporate Credit position at Apollo Management Holdings, L.P.?
Position Overview
About Apollo
Apollo is a high-growth, global alternative asset manager. Since our founding in 1990, we have built a leading global alternative asset management business by staying true to our core principles. Apollo has grown by investing in opportunities, communities, and our people to help achieve exceptional outcomes for investors and make a positive social impact. We seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid and opportunistic. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. As of March 31, 2022, Apollo had approximately $513 billion assets under management.
Our 10-week Summer Associate program provides full immersion into the small, dynamic teams that drive Apollo’s innovative investment strategies and access to an unparalleled, apprenticeship learning experience. You will learn about our approach to investing that contributes to our growth, success, and the source of over $414 billion in assets under management. With over 30 years of proven expertise across Private Equity, Credit, and Real Assets, invested across a diverse group of regions and industries, we’re known for our integrated businesses, our strong investment performance, our value-oriented philosophy, and our people.
From day one at Apollo, you’re invited to join in and offer your unique point of view. Different perspectives help us to see the uncommon opportunities Apollo is known for, building better companies with an eye to their social impact as well as their financial returns.
Our Purpose and Core Values
We recognize that all of us have been the beneficiaries of opportunity and as an organization we are committed to expanding opportunity across the Apollo ecosystem – in our workplace, marketplace, and communities. Expanding opportunity guides our approach to diversity, which spans all races, genders, sexual orientations, religions, socioeconomic backgrounds, military and public service experiences, and viewpoints.
Our clients rely on our investment acumen to help secure their future. We must never lose our focus and determination to be the best investors and most trusted partners on their behalf. We strive to be:
• The leading provider of retirement income solutions to institutions, companies, and individuals.
• The leading provider of capital solutions to companies. Our breadth and scale enable us to deliver capital for even the largest projects – and our small firm mindset ensures we will be a thoughtful and dedicated partner to these organizations. We are committed to helping them build stronger businesses.
• A leading contributor to addressing some of the biggest issues facing the world today – such as energy transition, accelerating the adoption of new technologies, and social impact – where innovative approaches to investing can make a positive difference.
Corporate Credit
The Corporate Credit team manages $83bn in AUM as of Q2 2022 across yield-oriented and opportunistic credit strategies. The team is comprised of over 80 investment professionals globally focused on senior sector loans, high yield, event-driven and multi-sector credit.
Top performers in the internship will be considered for a full-time position upon completion of their graduate studies.
Summer Associate Primary Responsibilities
At Apollo, we work as one team, partnering across regions and disciplines to share the perspectives and insights that lead us to exceptional opportunities. During our comprehensive ten-week program, you’ll learn about our approach to investing through the lens of our Credit platform, one of the most integral components of our growth and success. You’ll partner with junior and senior level professionals on a range of projects at every stage of the investment cycle. As a Summer Associate on the Corporate Credit team, you will:
Provide analytical and project support for all investment related activities
Construct financial models, sensitivity analyses, comparable analyses and other discrete financial analyses
Conduct exploratory research and perform analytics on potential investment opportunities alongside members of the team
Be responsible for modeling, quantitative financial analysis, industry research, and understanding/monitoring for individual investments
Assist the team with additional ad hoc projects
Qualifications & Experience
Pursuing an MBA or JD/MBA (Class of 2024) with an excellent academic record and a demonstrated interest in finance through previous internships, jobs, and coursework
At least two years of experience in credit investing, investment banking, or relevant buy-side experience (restructuring, industry coverage, M&A, FIG, or Leveraged Finance backgrounds preferred)
Strong interest in credit investing and specifically in the private credit and direct lending industries
A critical thinker with strong quantitative and analytical skills who expresses their thoughts and ideas clearly both in oral and written communications
A collaborative thinker who can also work independently, multitask, and prioritize competing demands to meet deadlines in a fast-paced environment
A proactive and organized self-starter with a positive attitude, powerful work ethic, strong attention to detail, and experience and comfort in Excel
Pay Range
150,000 - 175,000The base salary range for this position is listed above. This position is also eligible for a discretionary annual bonus based on personal, team, and Firm performance. Compensation ranges are based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including candidate experience and expertise, and may vary from the amounts listed here.
