UMM.. vs. sector-focused Bain Capital fund

Hi all,

If you had two associate offers in hand, one from a generalist UMM firm (i.e., GTCR, Berkshire, New Mountain, Golden Gate Capital) and another from Bain Capital but with one of the sector-focused MM funds (i.e., Insurance, Life Sciences), which would you take? Assuming you are agnostic about the given sector. 

Would love to hear re: exit opps, b school placement, prestige, etc. Thanks!

If anyone could also shed color on Bain Capital's smaller PE funds / strategies, that would be great. Are they "second class citizens" since they're not staffed on the larger buyout deals within the flagship fund?

Comments (13)

Jun 21, 2022 - 2:19am
WSO Monkey Bot, what's your opinion? Comment below:
  • Analyst 1 in IB - Gen
Jun 23, 2022 - 7:49pm

thanks for the answer, seems generally you're of the opinion that UMM is the way to go besides golden gate - could I ask why? have heard some negative things recently but any reason in particular why you would stay away vs smaller Bain Cap strategy?

  • Associate 1 in PE - LBOs
Jun 23, 2022 - 9:45pm

At Bain PE. Your question is pretty meaningless without additional context. Insurance very different from double impact very different from life sciences. If it was life sciences for example and I wanted to actually do life sciences then our team there is absolutely world class. Double impact I'm less bullish on. Insurance is more similar to credit

  • Analyst 1 in IB - Gen
Jun 23, 2022 - 10:40pm

Got it - the team in question is Insurance - could I ask what you mean by it being more similar to credit? I was under the impression is the team does majority buyouts and work is more akin to MM PE

could I ask your thoughts on the team given it is newer? are you bullish on trajectory and exit opps vs. the UMM funds mentioned?

  • Associate 1 in PE - LBOs
Jun 24, 2022 - 12:00am

Honestly insurance I am the least familiar with. They sit on the credit floor and were spun out of credit I believe but you may be right that their mandate is closer to MM FIG PE. No thoughts on the team either since we almost never overlap. Sorry I can't be more helpful

  • Intern in PE - Other
Jun 23, 2022 - 10:55pm

@Bain PE Associate, what are your thoughts on the Credit and Special Situations teams?

  • Associate 1 in PE - LBOs
Jun 24, 2022 - 12:03am

Interesting mandate, do both public and private and have pretty broad latitude. Invested alongside us on Athena for example given sticky recurring revenue nature of biz but also do a bunch of hybrid stuff we'd never touch. Basically just a copy of BX Tac Opps and similar teams. Has folks from variety of backgrounds (PE, credit, etc)

  • VP in PE - Other
Jun 25, 2022 - 9:10pm

Can't speak to dynamics within Bain, and please don't take anything here as intel on the funds. Wouldn't common sense dictate that unless you really want to do insurance (i.e. a specialized area), just take the generalist offer? Can't compare the funds for you but they are all very reputable. I hope it' not because you think because Bain is the best name so you want to justify taking it - that would be a bad bad way to go about this.

Most Helpful
Jun 26, 2022 - 12:11am
mrharveyspecter, what's your opinion? Comment below:

Quo voluptatem vero ipsa facilis ea ea ut. Ut eos omnis maiores dolores. Sunt recusandae perferendis deserunt. Sed autem quia voluptates expedita. Ut fugit voluptas et et unde officia. Consequuntur sunt dolor voluptatem deserunt. Nemo ut laudantium ullam.

Start Discussion

Career Advancement Opportunities

August 2022 Private Equity

  • The Riverside Company 99.4%
  • Apollo Global Management 98.9%
  • Warburg Pincus 98.3%
  • Blackstone Group 97.8%
  • KKR (Kohlberg Kravis Roberts) 97.2%

Overall Employee Satisfaction

August 2022 Private Equity

  • Blackstone Group 99.4%
  • The Riverside Company 98.9%
  • Ardian 98.3%
  • KKR (Kohlberg Kravis Roberts) 97.8%
  • Bain Capital 97.2%

Professional Growth Opportunities

August 2022 Private Equity

  • The Riverside Company 99.4%
  • Bain Capital 98.9%
  • Warburg Pincus 98.3%
  • Apollo Global Management 97.8%
  • Blackstone Group 97.2%

Total Avg Compensation

August 2022 Private Equity

  • Principal (8) $676
  • Director/MD (22) $599
  • Vice President (82) $363
  • 3rd+ Year Associate (82) $276
  • 2nd Year Associate (184) $266
  • 1st Year Associate (353) $226
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (74) $134
  • 1st Year Analyst (218) $122
  • Intern/Summer Associate (25) $68
  • Intern/Summer Analyst (262) $58