01:55 PM EDT, 06/11/2025 (MT Newswires) -- Apollo Global Management ( APO ) has informed prospective investment banking candidates that it will not interview or extend offers to the class of 2027 this year, a decision that follows growing criticism from banks over the increasingly early recruitment of young talent, Bloomberg reported Wednesday.

The move comes amid rising tensions between Wall Street banks and private equity firms over the practice of offering jobs to young candidates years before they start their first roles, Bloomberg said.

In a letter to prospective applicants, Apollo said it believes early-career professionals should have more time to develop before making long-term career commitments.

David Sambur, co-head of private equity at Apollo, and Nicole Bonsignore, who heads human capital at the company, said in a letter that "we will not formally interview and extend offers this year for the class of 2027," according to the report.

The decision is expected to impact candidates aiming for careers in private equity, hybrid capital, and financials, Bloomberg said.

Apollo didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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