Comparing General Atlantic vs. New Mountain Capital pre-MBA associate programs

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How would you evaluate pre-MBA associate roles at General Atlantic (GA) vs. New Mountain Capital (NMC) in NYC?

So far, I've gathered:

  • Deal type: GA is more growth-equity vs. NMC executes traditional buyouts

  • Industry: GA is separated into industry groups so you'll focus on one area vs. NMC is a generalist opportunity (though the firm seems to have a lot of deals in healthcare and chemicals)

  • Geographic focus: GA associates execute deals internationally vs. NMC is more US-focused

  • Comp: overall comparable but NMC gives associates carry

What would you add?

 

Specific questions I still have:

  • Sourcing: Do GA associates do a lot of their own sourcing? If so, approx what proportion of time do they spend on sourcing vs. execution?

  • International deals: Are international transactions executed by the local teams at GA, or would NYC-based associates also work on those deals?

  • Lifestyle: Is there a difference in lifestyle or would you expect roughly comparable hours?

  • Reputation and exit ops: Would working at GA, which is focused on growth equity, make it more difficult to move to a buyout shop later on? Do both firms promote some associates after 2 years without b-school? Would you say one or the other has a better reputation and opens up more exit opportunities?

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Total Avg Compensation

September 2020 Private Equity

  • Principal (6) $693
  • Director/MD (14) $640
  • Vice President (52) $364
  • 3rd+ Year Associate (60) $272
  • 2nd Year Associate (110) $247
  • 1st Year Associate (240) $223
  • 3rd+ Year Analyst (23) $162
  • 2nd Year Analyst (52) $141
  • 1st Year Analyst (147) $117
  • Intern/Summer Associate (16) $67
  • Intern/Summer Analyst (164) $61

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