Fixed Income - Fundamental Research Group (High Yield)

111 CRMC Capital Research & Mgmt; United States; On-site; USD 150,000 - 240,000; Full time

Benefits offered by this job

Annual bonus

Retirement plan with 15% employer 2

Job summary

Capital Group is seeking a FRG Associate to work with Fixed Income Investment Professionals and peers to deliver deep fundamental research and insights. You will conduct bottom‑up analysis, build financial models, and help monitor holdings while engaging with management teams and industry specialists.

You will collaborate on developing investment ideas, communicate findings clearly, and participate in the high‑yield corporate credit process.

Qualifications

• 2–5 years of credit research experience, preferably in high‑yield.
• Bachelor’s degree in finance, economics, STEM or related field.

Responsibilities

• Deliver bottom‑up fundamental research to drive investment decisions.
• Partner with Fixed Income professionals to generate investment ideas.
• Conduct financial modeling, analyze capital structures, and compare relative value across sectors.

Skills

Credit research

Financial modeling

Bloomberg

Python

SQL

R

Data visualization

Communication

Team collaboration

Education

Bachelor’s degree in finance, economics, STEM or related field

Tools

Tableau

PowerBI

Amazon S3

Snowflake

Databricks

Job description

“I can be myself at work.” You are more than a job title. We want you to feel comfortable doing great work and bringing your best, authentic self to everything you do. We value your talents, traditions, and uniqueness—and we’re committed to fostering a strong sense of belonging in a respectful workplace. We intentionally seek diverse perspectives, experiences, and backgrounds, investing in a culture designed to celebrate differences. We believe that belonging leads to better outcomes and a stronger community of associates united by our mission. At Capital, we live our core values every day: Integrity, Client Focus, Diverse Perspectives, Long-Term Thinking, and Community.

“I can influence my income.” You want to feel recognized at work. Your performance will be reviewed annually, and your compensation will be designed to motivate and reward the value that you provide. You’ll receive a competitive salary, bonuses and benefits. Your company‑funded retirement contribution will factor in salary and variable pay, including bonuses.

“I can lead a full life.” You bring unique goals and interests to your job and your life. Whether you’re raising a family, you’re passionate about where you volunteer, or you want to explore different career paths, we’ll give you the resources that can set you up for success. Enjoy generous time‑away and health benefits from day one, with the opportunity for flexible work options Receive 2-for-1 matching gifts for your charitable contributions and the opportunity to secure annual grants for the organizations you love Access on-demand professional development resources that allow you to hone existing skills and learn new ones

I can succeed as a Fundamental Research Group (FRG) Associate at Capital Group. As one of our FRG Associates, you will work closely and collaborate with Fixed Income Investment Professionals and peers to deliver valuable insights, conduct bottom‑up fundamental research and analysis that will drive investment decisions. You will partner with investors on their coverage to help generate investment ideas and monitor holdings by conducting deep fundamental research on companies and related industries, financial modeling, facilitating meetings with management teams, sell‑side firms and industry specialists, relative value comparison, analyzing capital structures, and working as a key contributor in the high‑yield corporate credit investment process. You will work on projects with growing complexity over time, receiving guidance and mentorship from experienced investment professionals.

I am the person Capital Group is looking for.

• You are passionate about a career in credit research with a strong interest in high‑yield corporate credit investing.
• You have 2-5 years of experience in credit research (experience covering corporate credit; high yield corporate credit is preferred).
• You have a strong desire to continue to develop bottom‑up fundamental credit research skills working in partnership with experienced investment professionals.
• You have extensive experience with financial modeling and fundamental credit analysis, working with sell‑side firms and industry consultants, Bloomberg, utilizing research tools, trade publications, online sources, regulatory filings, etc., and interpreting this information to generate insightful analysis.
• You have a proven ability to develop and maintain comprehensive charts and visualizations to support credit analysis and communicate investment insights effectively.
• You thrive in team settings. You ask good questions, bounce ideas off others and proactively share your perspective.
• You enjoy learning new things and can flex to varying work styles and expectations.
• You have an inquisitive mind, demonstrating intellectual curiosity and analytical skills in areas of high complexity surrounding financial markets and industry trends.
• You apply sound judgment in resolving conceptually complex matters.
• You apply effective written and oral communication skills.
• You collaborate and develop/maintain relationships both inside and outside the organization.
• You are available for occasional travel on research trips to meet with company management teams and investment professionals.
• You have a bachelor’s degree in finance, economics, STEM or a relevant field of study.
• Familiarity with programming languages (Python, SQL, R), data visualization tools (Tableau, PowerBI) and data platforms (Amazon S3, Snowflake, Databricks) is a plus, but not necessary.

“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. If this role isn’t what you’re looking for, check out our other opportunities and join our talent community.

“I can learn more about Capital Group.” At Capital Group, the success of the people who invest with us depends on the people in whom we invest. That’s why we offer a culture, compensation and opportunities that empower our associates to build successful and prosperous careers. Through nine decades, our goal is to improve people’s lives through successful investing. We know that our history is a testament to the strength of the people we hire. More than 9,000 associates in 30+ offices around the world help our clients and each other grow and thrive every day. Find us on LinkedIn, Instagram, YouTube and Glassdoor.

Southern California Base Salary Range: $141,648-$226,637 New York Base Salary Range: $150,155-$240,248

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.

We are an equal opportunity employer, which means we comply with all federal, state and local laws that prohibit discrimination when making all decisions about employment. As equal opportunity employers, our policies prohibit unlawful discrimination on the basis of race, religion, color, national origin, ancestry, sex (including gender and gender identity), pregnancy, childbirth and related medical conditions, age, physical or mental disability, medical condition, genetic information, marital status, sexual orientation, citizenship status, AIDS/HIV status, political activities or affiliations, military or veteran status, status as a victim of domestic violence, assault or stalking or any other characteristic protected by federal, state or local law.

Capital Group is one of the largest and most trusted financial companies in the world, with the goal of improving people's lives through successful investing. Our shared values of integrity, client focus, long-term view, diverse perspectives and community inspire our associates every day. A career at Capital Group means having countless opportunities to explore, grow and succeed. Learn more about compensation & retirement Learn more about our benefits Learn more about our hybrid schedule Learn more about our culture and core values Learn more about our commitment to responsible AI and how it shapes your candidate experience