Why Does Altamont Have So Many Analysts/Interns?
Huge funds like silver lake, warburg, ares only take a handful of analysts every year. Even MM funds like Audax, with their crazy deal flow, take 10-15 across multiple offices.
How is then, that a LMM/MM firm like Altamont, with their recent fund being smaller than $1B, seems to have an absurd number of kids from top colleges going there for internships / analyst positions straight out of undergrad, every year?
No hate towards Altamont - I’ve heard nothing but good things about the people there. I’m just confused as to why they take so many analysts, and what type of work their analysts even do. Whoever is running this firm’s campus recruiting process must be a genius.
So they can boost up revenues and then start cutting people asap
bump
You'd be surprised at how many people know someone on the inside.
What?
Guessing he means the interns' Dads are golf buddies with the Partners at Altamont?
I attended a networking event there last august and coule share some insights. From what I recall, they had two internship programs - junior internship is basically a pipeline for PE FT Analyst spots and they also hire a couple extra every year beyond their intern class. They also have a sophomore internship program that is geared towards portfolio company operational optimization. The team takes a very consulting-focused approach for junior employees like analysts who are traveling far more frequently than their PE/IB counterparts and are more focused towards operational improvements.
Where do you appy for 2021 summer?
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