CAP Associate - US (2027)

Please submit your resume, including GPA and relevant test scores, and a cover letter. Research and writing are central to CAP, so we pay close attention to what your letter reveals about how you think, your interests, and why CAP appeals to you. Shape the Future Through Insight At Capital Group, our mission is to improve people's lives through successful investing. Our Capital Associates Program (CAP) invites exceptional early-career talent who combine deep curiosity, analytical rigor, collaborative leadership, and independent thinking to help us explore some of the world's most complex and consequential investment questions. CAP is a highly selective, immersive global rotation program for those who want to think deeply, challenge assumptions, and develop the judgment and skills to build a long-term career in investing. A Truly Differentiated Experience As a CAP Associate, you will investigate complex investment questions that require original insight, careful judgment, and the ability to synthesize information across industries, markets and disciplines. The emphasis is on rigorous research: examining industries, assessing long-term trends, asking thoughtful questions, and developing well-reasoned perspectives when answers are rarely obvious. You'll share your own research approach, explore ideas in depth, and produce thoughtful analyses that contribute to Capital Group's long-term investment thinking. CAP Associates have recently researched and presented recommendations/insights on: - Data Centers in Space - Valuation Frameworks for Bitcoin and Gold - Emerging Market Debt in North Macedonia, Albania and Montenegro - The Lifecycle of U.S. Apparel and Footwear Brands - Growth of Indian Quick-Service Restaurant Industry - Quantum Computing Supply Chain and Implications for CMOS Manufacturing - Japan Satellite Companies - Potential Applications of Hydrogen in Decarbonizing Mobility - Energy Storage and Global Lithium These aren't hypothetical exercises. CAP Associates explore real-world investment questions and contribute differentiated insights to our investment dialogue. How You'll Contribute and Develop - Own Substantive Research: Lead end-to-end investment research projects that reward curiosity, intellectual discipline, and strong communication. You'll frame questions, conduct deep analysis, develop your perspective, and present well-supported conclusions to experienced investors. - Develop Through Practice: Strengthen your analytical reasoning, investigative approach, judgment, and communication skills through hands-on research, close collaboration with investor mentors, and targeted development sessions. - Learn Alongside Experienced Investors: Work closely with analysts and portfolio managers to understand how rigorous inquiry, qualitative and quantitative analyses, and independent thinking contribute to investment decisions. - Join a Global Community of Thinkers: Join a small, high-caliber cohort of Associates across London, Los Angeles, and Singapore united by intellectual curiosity and an interest in investing. Who Should Apply? We welcome applications from undergraduate or master's (non-MBA) students in their final year of study and those with up to one year of related experience after graduation. When we hire for CAP, we look for potential. Strong candidates demonstrate: - Analytical Rigor and Learning Agility: The ability to absorb new ideas quickly, interrogate assumptions, work through complex problems, and develop well-supported insights. - Academic Excellence: A record of consistently strong academic achievement (preferred GPA 3.7+). Quantitative skills, double majors, minors, interdisciplinary study and intellectual exploration are valued. - Adaptability and High Performance: Comfort navigating ambiguity, openness to feedback, and a track record of pursuing demanding goals across academics, work, leadership, or independent interests. - Collaborative Leadership: The ability to lead, influence, listen, and contribute within teams across academic, professional, or extracurricular settings. - An Investing Mindset: Demonstrated curiosity about investing and a genuine interest in developing a long-term career as an investor. - A Distinctive Perspective: Experiences, interests, expertise, or ways of thinking that can contribute to differentiated investment insight. Compensation & Benefits - Competitive compensation package. - Support for relocation and housing (where applicable). - Access to Capital Group's resources, culture, and global community. Timeline & How to Apply - Application deadline: November 1st, 2026 - We plan to host Super Day interviews in October-November for this position - Dates may be subject to change See the Program in Action Want to learn more about the Capital Associates Program experience? Hear directly from CAP associates about the opportunities, rotations, and development experiences available through the program. • Watch the video: CAP Recruitment Video "I can apply in less than 4 minutes." You've reviewed this job posting and you're ready to start the candidate journey with us. Apply now to move to the next step in our recruiting process. If this role isn't what you're looking for, check out our other opportunities and join our talent community. Southern California Base Salary Range: $90,440-$144,704 In addition to a highly competitive base salary, per plan guidelines, restrictions and vesting requirements, you also will be eligible for an individual annual performance bonus, plus Capital's annual profitability bonus plus a retirement plan where Capital contributes 15% of your eligible earnings. You can learn more about our compensation and benefits here. * Temporary positions in the United States are excluded from the above mentioned compensation and benefit plans.