Capital Associates Program

CAPITAL ASSOCIATES PROGRAM

We're invested in your future

The Capital Associates Program (CAP) is a premier opportunity to start your investment career. As a CAP associate, you’ll experience a program that helps you grow as both an investor and a leader.

From global rotations specifically selected to match your interests to one-on-one coaching with some of the most senior leaders in the company, you can bring your ambition and curiosity to work and become an Unstoppable.

“The personalized, one-on-one mentorship in CAP is so valuable. Working directly with experienced analysts who are invested in my career has been instrumental to my development.”

Abi M.
CAP Associate, London

“I enjoyed working with business leaders across the globe and learning about different cultures. Rotations across divisions have broadened my skill sets both professionally and personally.”

Lavender N.
CAP Associate, Hong Kong

“I have learned so much during my time in CAP. It has been an enlightening experience to work with both local communities and the end shareholders that Capital Group serves."

Connor T.
CAP Associate, Los Angeles

“CAP has given me the space to explore my interests and develop my skills. I've been able to do so under the guidance of mentors and through meaningful, long-term projects.”

Yodit G.
CAP Associate, Los Angeles

With 93 years of experience, more than $2.7 trillion* in assets under management and a long-term approach to everything we do, our goal is to help you grow your career.

Let your ambition and curiosity help power ours.

THE IDEAL CANDIDATE

A career for the unstoppable

CAP is an opportunity to gain direct experience in investment management when you’re just starting your career. We value diversity in backgrounds and experiences, all majors are welcome and a background in finance is not necessary.

“CAP is an integral part of developing future leaders of Capital, particularly within the investment group. We’re excited about the contributions you will be making!”

Lee C.
Investment Analyst/Portfolio Manager

“CAP is designed to provide individuals with different backgrounds and skills with training, experiences and coaching to support them in becoming outstanding investors.”

Samir P.
Investment Analyst/Portfolio Manager and Research Director

“The Capital Group culture is built on diverse associates and viewpoints. CAP only makes this foundation stronger. It helps bring the best out of the individual and makes our company a better place in the process.”

Jeff G.
Investment Analyst/Portfolio Manager

“The learning curve of becoming an investor can be steep, but it shouldn’t be lonely. Mentorship in CAP accelerates growth by combining advocacy for the individual with tailored learning opportunities across our investment process.”

Kaity M.
Investment Analyst

CAP Full Time

CAP FULL TIME

Up to 10 associates hired globally each year

Three years of global rotations

Singularly focused on developing future investors

Global rotations

Global rotations give you the opportunity to develop skills and relationships across key areas of Capital’s investment organizations and business groups.

Twelve weeks of training

CAP begins with 12 weeks of formal training, including both technical skills and an introduction to the foundations and culture of our investment groups.

Collaboration, learning and feedback

In addition to your program manager, you are paired with a CAP investment coach who is an experienced analyst or portfolio manager at Capital Group.

In-house investment courses

We provide ongoing learning and development opportunities, including in-house training workshops, Chartered Financial Analyst (CFA) sponsorship and more.

Even more impact

Work at a nonprofit organization of your choice while getting paid by Capital Group. Capital is committed to giving back to the communities where we live and work.

Hybrid work

Capital Group associates can collaborate and build relationships in an inclusive environment, working from home and in the office.

CAP FULL TIME

Candidate eligibility

Undergraduate students in their final year of study and those with up to one year of related experience post-graduation are invited to apply to CAP Full Time.

CAP FULL TIME — APPLICATION PROCESS

Application

Applications open in January for positions in the U.S. and in August for Europe and Asia. Not quite ready to apply? Join our talent community to stay connected.

First-round interview

We send you a prompt, and you record a video response and send it back.

Additional interviews

You’ll participate in one-on-one or two-on-one conversations with members of the recruiting, CAP and investment teams.

Selection

If you’re selected for CAP, you’ll receive an offer.

Application

Applications open in January for positions in the U.S. and in August for Europe and Asia. Not quite ready to apply? Join our talent community to stay connected.

First-round interview

We send you a prompt, and you record a video response and send it back.

Additional interviews

You’ll participate in one-on-one or two-on-one conversations with members of the recruiting, CAP and investment teams.

Selection

If you’re selected for CAP, you’ll receive an offer.

Become an Unstoppable

CAP FULL TIME — APPLICATION

Take the first step toward an unstoppable career with Capital Group. Apply for CAP Full Time.

U.S. applications open in January.
Europe and Asia applications open in August.

APPLY FOR OPEN ROLES

CAP Summer Internship

CAP SUMMER INTERNSHIP

Up to 10 interns

10 weeks

A once-in-a-lifetime experience

Meaningful work

You’ll explore investment management through a meaningful individual assignment, develop your skills and better understand the type of work that inspires you.

Leadership engagement and access

Our senior leaders are actively engaged with CAP. You’ll have the opportunity to connect with them across different business areas and roles.

Build collaborative relationships

Our events offer a more casual, fun environment where you can build relationships with senior leaders, associates and fellow interns.

A path to full time

Many of our CAP summer interns who perform well receive an offer to join CAP Full Time.

Competitive pay

A competitive compensation package, in addition to relocation costs.

Hybrid work

Capital Group associates can collaborate and build relationships in an inclusive environment, working from home and in the office.

CAP SUMMER INTERNSHIP

Candidate eligibility

Undergraduate students in their junior (penultimate) year may apply for a 10-week CAP Summer Internship to experience Capital Group and the program firsthand.

CAP SUMMER INTERNSHIP — APPLICATION

Application

Applications open in January for positions in the U.S. and in August for Europe and Asia. Not quite ready to apply? Join our talent community to stay connected.

First-round interview

We send you a prompt, and you record a video response and send it back.

Additional interviews

You’ll participate in one-on-one or two-on-one conversations with members of the recruiting, CAP and investment teams.

Selection

If you’re selected for CAP, you’ll receive an offer.

Application

Applications open in January for positions in the U.S. and in August for Europe and Asia. Not quite ready to apply? Join our talent community to stay connected.

First-round interview

We send you a prompt, and you record a video response and send it back.

Additional interviews

You’ll participate in one-on-one or two-on-one conversations with members of the recruiting, CAP and investment teams.

Selection

If you’re selected for CAP, you’ll receive an offer.

Become an Unstoppable

CAP SUMMER INTERNSHIP — APPLICATION

Apply for the CAP Summer Internship, a selective 10-week program at Capital Group.

U.S. applications open in January.
Europe and Asia applications open in August.

APPLY FOR OPEN ROLES

Explore Capital Group events

Visit our events page throughout the calendar year to register for upcoming events.

LEARN MORE

FAQ

Applying to CAP

We’re accepting applications for CAP Full Time and Summer Internships (all regions) now.
Due to high interest, we recommend that you submit your application as soon as possible.

You can best prepare yourself for the application and interview process by researching the industry and thinking about why it might be interesting to you. What sounds exciting? Why does it sound like a good match for you? What will you want to learn more about? We suggest the following:

Read books about investing. Examples include Warren Buffet’s Berkshire Hathaway Letters to Shareholders and Benjamin Graham’s The Intelligent Investor.
Talk to professionals in the industry. Joining stock pitches is a good way to learn firsthand.
Demonstrate your interest in the field by starting your own portfolio, either actual or paper/hypothetical.
Attend industry educational events. A list of Capital Group events can be found here.

You’ll participate in one-on-one or two-on-one conversations with members of the recruiting, CAP and investment teams. These CAP interviews are conversations where we learn more about your background and how you make decisions. There are no formal stock pitches or modeling tests/evaluations. Instead, prepare to answer some of the following questions:

Why are you interested in CAP, Capital Group and the investment management industry?
What’s something you’re curious or passionate about outside of school and investing?
What’s a risk that you’ve taken and how did it pan out?
What’s a non-consensus view you have?
Tell us about a time you were unsuccessful. What did you learn from it?
Tell us about a time you received feedback you didn’t agree with. How did you handle it?

If you already have investment experience, we’ll ask you to tell us about some of your ideas. If you’re new to investing, we will tailor our questions for you.

Our CAP associates are intellectually curious, ambitious and ready to enjoy the rotational aspects of the program. We look for people who are self-aware, driven, resilient and open to feedback and who seek to learn from their mistakes. We value creative thinkers with analytical skills who are comfortable taking calculated risks and have an interest in both the investment management industry and how companies operate. We strongly encourage applicants with diverse backgrounds and experiences to apply.

We invite you to browse our events page and stay tuned for events such as CAPitalize and the Summer Investment Series.

Though we don’t facilitate direct connections, you will meet CAP associates in the interview process. Another avenue for connection is through our roundtable discussions held three times a year. Sign up here and check us out on Facebook, X and LinkedIn.

The CAP experience

We hire up to 10 people globally for CAP Full Time. We hire up to 10 people globally for the CAP Summer Internship.

CAP Full Time is a three-year program with rotations averaging four months. The majority of your rotations will take place in the region where you are based. You may have the opportunity for international rotations.

The program starts with a 12-week training focused on accounting, modeling and valuation. In parallel, you will learn about Capital Group and deepen your professional skills in areas including communication, prioritizing and time management. In addition to the upfront training, we offer Learning Labs (shorter training sessions) throughout the program to support you as you go deeper in certain practice areas.

The CAP Summer Internship is a 10-week summer program where you’ll have exposure to the asset management industry at one of the world’s largest investment management organizations. You will work on an individual assignment that aligns with your interests in investing and a group project with other interns. You’ll have the opportunity to attend networking events and build relationships with senior leaders and other experts in the company. Many of our interns receive an offer for CAP Full Time at the completion of their internship.

Rotations are the backbone of CAP. Traditionally, most assignments are within the CAP associate's region, with possible travel to other offices.

Your rotations will vary, depending on your objectives and business needs. Here are some examples of rotations and responsibilities:

Investment Group topical research projects

Research the ongoing litigation against manufacturers of per- and polyfluoroalkyl substances (PFAS) compounds and assess the size of the potential investment liability.
Evaluate the investment opportunity of quantum computing.

Quantitative Research Analytics

Design and perform a multiyear regression analysis in R to determine the impact of ETF flows on stock returns.

Capital Strategy Research

Develop and build a new currency model that analyzes the U.S. Dollar Real Effective Exchange Rate index and that projects future changes in the dollar.

Company project and industry reviews

Study and make an investment recommendation on a single company or multiple companies or issuers within an industry.

Capital Group is committed to supporting the interests of our associates and investing in the communities in which we live and work. As a CAP associate, you will develop additional skills and build relationships through a variety of nonprofit opportunities, for example, an assignment with a nonprofit organization, volunteering or serving on one of our grant-making committees. This nonprofit element of your CAP experience is a unique and meaningful way to see Capital’s core values come to life in a different context.

The 10-week internship gives you a taste of the full-time program, including individual assignments, training and coaching. We’ll also organize activities to help you meet people across Capital Group.

No. But if you’re interested in the full-time program, we highly encourage you to join the CAP Summer Internship, as we recruit heavily from this cohort.

For CAP Full Time, we provide a competitive base salary and an opportunity for two annual bonuses, relocation support and continual training and development. Our benefits package includes a retirement plan contribution equal to 15% of your total annual compensation up to federally mandated caps (without requiring you to make any contribution at all).

For the CAP Summer Internship, we provide competitive pay as well as relocation support.

CAP’s mission is to develop future investment analysts at Capital Group. If you choose a different path, many of our CAP associates stay on at Capital as quantitative analysts, traders, fundamental researchers, strategists, etc. Still other CAP associates have pursued a graduate degree or role in another industry.

The CAP locations

CAP is a global program. Our CAP associate cohorts are currently based in Los Angeles, London and Hong Kong.

CAP summer cohorts are currently based in Los Angeles and London.

Yes, we offer relocation support. In some cases, we have been able to obtain visas or work authorization for CAP associates during and upon completion of the program.

We have a hybrid schedule, with most associates finding balance between office and home.

^*As of June 30, 2024.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Use of this website is intended for U.S. residents only.

Capital Client Group, Inc.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

Careers

About Us

CAPITAL ASSOCIATES PROGRAM

We're invested in your future

The Capital Associates Program (CAP) is a premier opportunity to start your investment career. As a CAP associate, you’ll experience a program that helps you grow as both an investor and a leader.

From global rotations specifically selected to match your interests to one-on-one coaching with some of the most senior leaders in the company, you can bring your ambition and curiosity to work and become an Unstoppable.

“The personalized, one-on-one mentorship in CAP is so valuable. Working directly with experienced analysts who are invested in my career has been instrumental to my development.”

“I enjoyed working with business leaders across the globe and learning about different cultures. Rotations across divisions have broadened my skill sets both professionally and personally.”

“I have learned so much during my time in CAP. It has been an enlightening experience to work with both local communities and the end shareholders that Capital Group serves."

“CAP has given me the space to explore my interests and develop my skills. I've been able to do so under the guidance of mentors and through meaningful, long-term projects.”

With 93 years of experience, more than $2.7 trillion* in assets under management and a long-term approach to everything we do, our goal is to help you grow your career.

Let your ambition and curiosity help power ours.

THE IDEAL CANDIDATE

A career for the unstoppable

CAP is an opportunity to gain direct experience in investment management when you’re just starting your career. We value diversity in backgrounds and experiences, all majors are welcome and a background in finance is not necessary.

“CAP is an integral part of developing future leaders of Capital, particularly within the investment group. We’re excited about the contributions you will be making!”

“CAP is designed to provide individuals with different backgrounds and skills with training, experiences and coaching to support them in becoming outstanding investors.”

“The Capital Group culture is built on diverse associates and viewpoints. CAP only makes this foundation stronger. It helps bring the best out of the individual and makes our company a better place in the process.”

“The learning curve of becoming an investor can be steep, but it shouldn’t be lonely. Mentorship in CAP accelerates growth by combining advocacy for the individual with tailored learning opportunities across our investment process.”

CAP Full Time

CAP FULL TIME

Up to 10 associates hired globally each year

Three years of global rotations

Singularly focused on developing future investors

Global rotations

Twelve weeks of training

Collaboration, learning and feedback

In-house investment courses

Even more impact

Hybrid work

CAP FULL TIME

Candidate eligibility

CAP FULL TIME — APPLICATION PROCESS

Application

First-round interview

Additional interviews

Selection

Application

First-round interview

Additional interviews

Selection

Become an Unstoppable

CAP FULL TIME — APPLICATION

Take the first step toward an unstoppable career with Capital Group. Apply for CAP Full Time.

CAP Summer Internship

CAP SUMMER INTERNSHIP

Up to 10 interns

10 weeks

A once-in-a-lifetime experience

Meaningful work

Leadership engagement and access

Build collaborative relationships

A path to full time

Competitive pay

Hybrid work

CAP SUMMER INTERNSHIP

Candidate eligibility

CAP SUMMER INTERNSHIP — APPLICATION

Application

First-round interview

Additional interviews

Selection

Application

First-round interview

Additional interviews

Selection

Become an Unstoppable

CAP SUMMER INTERNSHIP — APPLICATION

Apply for the CAP Summer Internship, a selective 10-week program at Capital Group.

Explore Capital Group events

Visit our events page throughout the calendar year to register for upcoming events.

FAQ

Applying to CAP

When can I apply?

How can I prepare?

What is the interview process?

What qualities do you look for in a successful CAP applicant?

I’m a first/second-year student. Are there other opportunities I can apply for now?

Can I speak to a current CAP associate to learn more about their experience?

The CAP experience