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.
haha, i actually got in touch with peter arrowsmith a year ago asking about internship opportunities. talked to one of the associates and was told they will let me know and stuff, but in a few months i had my FT offer and didn't want to do any more internships.
they all seem pretty nice, if this is of any help lol
Thanks man. I sent you a PM, and I'll apologize here for my lack of reading comprehension (referencing that you are a current student as opposed to first year analyst) now instead of via PM.
jim never got your PM, but i messaged you several days ago, hope you got it
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.
I know a guy there that came from McKinsey. Apparently they hire more consultants than a lot of firms and the interview process reflects that. This guy was Yale-->McKinsey though so it's not too far off the beaten path.
Anyone have any information of JMI's recruiting process, and/or the headhunter they have that runs the process?
CPI. Believe they have already had final rounds but could be wrong.
JMI Equity (Originally Posted: 04/17/2013)
Was wondering if anyone on this forum had any insight into JMI Equity. It is a $2b growth equity firm with offices in Baltimore and La Jolla. I was curious what a pre-MBA associate's experience there is like, whether it is an entirely sourcing focused role, and how business schools / post-MBA opportunities view the firm. Any insight is much appreciated.
Posting to follow
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.
They crush it in software.
this
I would add that they often team up with larger PE firms (often H&F) to reach to TEV $1bn+ deals
Paul Barber is top notch.
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.
I doubt they restrict their recruiting to tech banking. In the last few years I think they've hired at least two ex-consultants (LEK and McKinsey).
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Posting to follow as well.
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