JMI Equity: interview process, culture, pay, hours?

Anyone have any information on JMI Equity? Not the basics (i.e. I know their target industries, size, etc.), but things such as interview process, culture, pay, hours for their associates. You know, the important stuff. I'd assume it's similar in both offices but would be interested to hear if anything has heard anything/has direct experience.

Thanks.

 

Great firm and culture, definitely top quartile in performance too. One of the best growth equity firms out there. As far as the associates' role, its mainly sourcing. They take the same approach as TA & Summit, where the associates literally cold call businesses to source deals, so you need to be comfortable with that. Their La Jolla office is in a pretty nice spot by the beach, which is a plus.

 

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Best Response

It's an even mix. I would say associates do more execution than the Summit's of the world but there is still a large component of sourcing in the associate role. I can't really comment on post-MBA or business school opportunities but I would think they would be similar to any growth equity shop that size. They are well known in the tech world and focus mostly on software (which has been a hot space as of late). The have had a few IPO exits in the last two years and seem to be doing well. Also, can't think of many nicer places to work than La Jolla.

 

Very highly regarded as a niche shop. Have met former associates that went to HBS, Wharton and Booth. Former associates seem to have been happy with their experience, though opportunity to return post-MBA was a question mark (like many PE funds these days).

Also, something to be said for a GP that sticks to their core expertise and doesn't reach in terms of raising a fund size that stretches their abilities/expertise.

 

Anyone know if they hire analysts who aren't in a tech banking group? I'm in a more niche coverage group that doesn't have much over lap with their realm of expertise. Curious if they'd overlook that if you demonstrated you were really into the sourcing model and had ties to San Diego.

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
 

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