Apollo is delaying its junior talent recruiting cycle again — pushing the industry to abandon its chaotic ritual
Source: Business Insider ·
Apollo slowed down private equity's controversial investment banker recruiting process last year, and now, it's looking to do so again.
From the source
illustration by Cheng Xin/Getty ImagesApollo is delaying recruiting for its 2028 associate class, Business Insider has learned.This follows last year's delay, which successfully slowed down the chaotic private equity recruiting process.Apollo said it wants young bankers to have more experience before making their next career move.Apollo is delaying on-cycle recruiting again this year, after a similar move last year helped push back the recruiting timeline across the private equity industry.The private equity giant told prospective candidates Thursday afternoon that it will not recruit its 2028 associate class this calendar year, according to an email obtained by Business Insider.The memo, signed by David Sambur, co-head of Private Equity, and Antoine G. Munfakh, deputy global head of Private Equity, said the firm will wait until candidates who started their investment banking careers over the summer are "closer to completing one full year of professional experience."The hope, the…
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