diff --git a/.changes/unreleased/Fixes-20241202-090803.yaml b/.changes/unreleased/Fixes-20241202-090803.yaml
new file mode 100644
index 00000000..fcf1d1c5
--- /dev/null
+++ b/.changes/unreleased/Fixes-20241202-090803.yaml
@@ -0,0 +1,6 @@
+kind: Fixes
+body: Generic exception handling during jinja compilation
+time: 2024-12-02T09:08:03.599612-05:00
+custom:
+  Author: michelleark
+  Issue: "225"
diff --git a/dbt_common/clients/jinja.py b/dbt_common/clients/jinja.py
index 2cee9228..8cc1205a 100644
--- a/dbt_common/clients/jinja.py
+++ b/dbt_common/clients/jinja.py
@@ -46,6 +46,7 @@
     MaterializationArgError,
     JinjaRenderingError,
     UndefinedCompilationError,
+    DbtRuntimeError,
 )
 from dbt_common.exceptions.macros import MacroReturn, UndefinedMacroError, CaughtMacroError
 
@@ -534,6 +535,12 @@ def catch_jinja(node: Optional[_NodeProtocol] = None) -> Iterator[None]:
     except CompilationError as exc:
         exc.add_node(node)
         raise
+    except DbtRuntimeError:
+        # Propagate dbt exception raised during jinja compilation
+        raise
+    except Exception as e:
+        # Raise any non-dbt exceptions as CompilationError
+        raise CompilationError(str(e), node) from e
 
 
 _TESTING_PARSE_CACHE: Dict[str, jinja2.nodes.Template] = {}