7 Comments
 

Depends on your personal priorities (industry focus, upward mobility, bschool placement, etc.). From my perspective as someone who’s dealt with 2/3 of these in processes (never worked with TPG):

NMC - potential for direct promote, more growth-focused (less leverage in deals), strong operational focus, good pace of dealflow for learning purposes, probably pretty long hours due to fund sizes  

Veritas - government-facing specialists (can be pro or con depending on your interest level in the industry), monster returns (have heard ~4x avg MOIC thrown around) so likely very smart people, however these days 2/3 and out with little to no upward mobility, and from working with them first hand I can tell you extremely sweaty and ruthless culture 

TPG - run of the mill megafund, you will be pushed out after 2 years and the associate experience is obviously well documented on this site. I have heard good culture / smart people otherwise.

 
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Just signed TPG but got interview requests/cc’s with the other two firms. Also have worked with Veritas and NMC in my job.

Above poster is spot on regarding pretty much everything he said. NMC is heavily operational and looks for comparatively easy to understand business with ability to improve margin. Seemed pretty chill from my time working with them and worked with 2 associate direct promotes.
 

Veritas are some super smart folks, AthenaHealth was a killer deal for them recently and they’ve been fund raising well. I ended up not interviewing there as they were one of the first to go that heinous Wednesday night when on cycle kicked off. Frankly, I was halfway through a workout and the thought of scrambling through a shower and getting home to change was too much lol. My co workers who did interview there mentioned that their model and technical questions were brutally hard. Very smart people but certainly some sweaty hardos. Their returns are paid for with blood sweat and tears. No idea on comp.

TPG ain’t a cake walk but I really like the relatively laid back and chill nature of the group. Willing to grab a coffee and even basic pleasantries like asking if they could grab you a coffee or order you something for breakfast since they knew we didn’t sleep or eat well. A small gesture but meant a lot to me and factored into my final decision. Returns are typical of a MF as is pay. Do keep in mind though, one of the biggest kickers either positive or negative with TPG is that they’re based out of SF. The NYC office really only has the business services and industrials team (1 team). There’s a few guys in the other groups but we’re talking like at most 5 ppl a group in NYC

 

I did my interviews and modeling test, was offered a job, asked to sign, I signed after calling the gf and parents, went home then slept. Didn’t have to wait at all actually. While they were getting the partner on the phone to formally extend an offer I was hanging out in one of the waiting rooms chatting with some of the associates.

 

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