Do you have offers from both? What are your long term aspirations and goals here? Do you like NYC or Chicago more?
I mean I will give it to ya straight-- NMC is a bit more "prestigious", but both are top firms that you cannot really go wrong with. The NMC people I have talked to have generally been kind of weirdos so I don't think I would ever choose to work there lol but both are very respected shops. At the end of the day, though, the associate spot is mostly about learning and seeing if you like PE etc; LMM to MF, chances are you probably do not get the opportunity to stay after 2 years, 9 times out of 10.
I'd echo that anecdotally, GTCR culture is very challenging. Unless you have ties to Chicago or optimizing affordability, I'd also argue that NY is the superior city for optionality and social experience.
I’d challenge the notion that NMC is better from a WLB perspective. Look at how many deals NMC has done this year. A MM-focused firm with ~$15bn latest fund is gonna be doing a ton of deals, all translating to a lot of Associate work. Know people at both and they are both tough from a WLB-perspective.
In my opinion, NMC does a ton of really cool deals, creative stuff that a lot of other firms don’t do. NMC has historically focused a bit more on operational growth + lower leverage as well, vs. GTCR seemingly doing more vanilla buyouts in “boring” but clever industries
They have done some cool schemes the past cycle where they buy a boring company and a sexy company and merge them and sell the whole thing at the sexy multiple
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Do you have offers from both? What are your long term aspirations and goals here? Do you like NYC or Chicago more?
I mean I will give it to ya straight-- NMC is a bit more "prestigious", but both are top firms that you cannot really go wrong with. The NMC people I have talked to have generally been kind of weirdos so I don't think I would ever choose to work there lol but both are very respected shops. At the end of the day, though, the associate spot is mostly about learning and seeing if you like PE etc; LMM to MF, chances are you probably do not get the opportunity to stay after 2 years, 9 times out of 10.
Other way around...GTCR is more prestigious but NMC are generally nicer about WLB
What is your measure of prestige? NMC has a bigger fund
Ha this also goes to show how culture is subjective , the NMC people I have talked to have definitely been kind of weird
I'd echo that anecdotally, GTCR culture is very challenging. Unless you have ties to Chicago or optimizing affordability, I'd also argue that NY is the superior city for optionality and social experience.
Would you be able to specify on this?
Could you elaborate on the process you used for lateral recruiting? Did you go through HHs?
I’d challenge the notion that NMC is better from a WLB perspective. Look at how many deals NMC has done this year. A MM-focused firm with ~$15bn latest fund is gonna be doing a ton of deals, all translating to a lot of Associate work. Know people at both and they are both tough from a WLB-perspective.
In my opinion, NMC does a ton of really cool deals, creative stuff that a lot of other firms don’t do. NMC has historically focused a bit more on operational growth + lower leverage as well, vs. GTCR seemingly doing more vanilla buyouts in “boring” but clever industries
What are hours like at each?
NMC’s Healthcare team is nothing to sneeze at
Can you elaborate on what creative stuff / cool deals that NMC does that others dont?
Bump
They have done some cool schemes the past cycle where they buy a boring company and a sexy company and merge them and sell the whole thing at the sexy multiple
Recusandae est ut officia. Saepe quibusdam in non. Saepe quaerat dignissimos sed quibusdam velit praesentium atque.
Reprehenderit sit doloribus ab et rerum. Vitae id rerum mollitia.
Doloremque minus ullam distinctio aut dolore nesciunt. Odit vitae vel labore debitis consequatur odio qui qui. Corporis error omnis numquam et occaecati. Quis molestiae laborum ipsam architecto neque facere laudantium.
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