Harvard University; University of Utah.
Prior to this, he was the managing director for sixteen years at Bain Capital. Prior to Bain Capital, Gay was an executive vice president of General Electric Cr Corporation Capital Markets Group, a vice president in the Merchant Banking Group at Kidder Peabody, and an engagement manager at the international consulting firm McKinsey & Company. Gay has been a major contributor to this center, now named the Melvin J. Ballard Center for Economic Self-Reliance.
He has served on the board of trustees and as an advisor of the Forever Young Foundation, founded by NFL Hall of Fame quarterback Steve Young.
Gay taught economics at Harvard University for two years, where he also received a Doctor of Philosophy in business economics in 1982. He graduated Phi Beta Kappa with an Bachelor of Arts from the University of Utah.
In 2001, Gay co-founded Unitus (renamed to Unitus Labs in 2011), a global micro-cr company. From 2004 to 2007, Gay was president of the church"s Ghana Accra Mission, with responsibilities including the oversight of missionary work in all parts of Ghana, Sierra Leone, and Liberia.
Gay was appointed an area seventy in April 2008.
In September 2012 Gay was named as chairman of the Perpetual Education Fund.
Gay has been actively involved in poverty relief and humanitarian aid in developing countries, serving as a co-founder (primarily with his wife, Lynette) of the Brigham Young University Center for Economic Self Reliance.
Gay has served previously as a counselor in a bishopric and as a member of a stake high council. On March 31, 2012, he became a member of the First Quorum of the Seventy.