How would you evaluate pre-MBA associate roles at General Atlantic (GA) vs. New Mountain Capital (NMC) in NYC?
So far, I've gathered:
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Deal type: GA is more growth-equity vs. NMC executes traditional buyouts
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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)
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Geographic focus: GA associates execute deals internationally vs. NMC is more US-focused
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Comp: overall comparable but NMC gives associates carry
What would you add?
Specific questions I still have:
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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?
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International deals: Are international transactions executed by the local teams at GA, or would NYC-based associates also work on those deals?
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Lifestyle: Is there a difference in lifestyle or would you expect roughly comparable hours?
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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?
