Summer 2026

2026 Summer Analyst

Posted on 9/10/2025

JMI Equity

JMI Equity

51-200 employees

Growth equity investor backing software companies

Compensation Overview

$48.08/hr

+

Washington, DC, USA + 1 more

More locations: San Diego, CA, USA

In Person

Willing to relocate for the summer.

Category
Finance & Banking (3)
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Responsibilities
  • 8-week immersive analyst program designed to build the skillset of a software growth equity investor, with an emphasis on sourcing
  • Summer Analysts will focus on and learn the following concepts: Investment framework for growth software businesses
  • Fundamentals of sourcing, including: Identifying JMI investment opportunities; Tactics for breaking into companies; Deal creation with entrepreneurs and CEOs
  • Strategic applications of sourcing: Company, product, market, and financial due diligence; Market mapping and coverage; Industry-focused conferences; Broader thematic research and thesis-building
  • Financial Diligence: Data packs; Mini- model
  • The program begins with a two-week onboarding and training period
  • Following training, Summer Analysts will complete two focused “sprint” assignments in specific markets; Each sprint culminates in a presentation of a new potential investment opportunity; where Summer Analysts will outline the business, market dynamics, investment thesis, and key risks
  • Intro to Growth Equity, Software, and JMI
  • Sourcing Engine, Prospecting, and Thematic Sourcing
  • Diligence Frameworks, Market Work, and Portfolio Review
  • Financial Diligence
  • Data Packs and SaaS Analytics
  • Basic Finance and Transaction Topics
  • Introduction to Modeling and Portfolio Value Creation
  • Returns and Exits
Desired Qualifications
  • Entering senior year at the time of internship (Class of 2027)
  • Experience or interest in the software and tech space
  • Ability to build and maintain relationships; enjoy building a network of contacts
  • A balanced ego and desire to join a highly collaborative, team-oriented investment team
  • Exceptional academic achievement; tracking to an undergraduate degree from a top academic institution
  • Strong written and oral communication skills
  • Self-starter with the ability to operate effectively with limited supervision; strong organizational skills
  • Highly collaborative team player; likes winning as a team
  • Willing to relocate for the summer

Provides growth equity and strategic support to software companies, helping them scale and reach liquidity events. It raises capital from limited partners and invests in growth-stage software firms, offering governance and operational guidance to drive rapid expansion. The firm focuses exclusively on software and cloud software, with a track record of 190+ portfolio companies, 120+ exits, and 19 IPOs, and operations in the DC area and San Diego to work closely with founders. Its goal is to enable fast growth and strong liquidity outcomes for portfolio companies and their stakeholders.

Company Size

51-200

Company Stage

N/A

Total Funding

$6.6B

Headquarters

Baltimore, Maryland

Founded

1992

Simplify Jobs

Simplify's Take

What believers are saying

  • Fund XII oversubscribed with 164 investors in four months since March 2025.
  • Non-AI tech downturn creates acquisition opportunities for $3.1B deployment.
  • First Due's $355M raise enhances AI in public safety for 3,000 agencies.

What critics are saying

  • Thoma Bravo outpaces JMI in B2B acquisitions, raising valuations in 6-12 months.
  • Insight Partners crowds education and finance IT deal flow in 12-18 months.
  • First Due AI flops tarnish reputation with DoD in 6-12 months.

What makes JMI Equity unique

  • JMI Equity specializes in B2B software across education, finance, and healthcare IT.
  • Fund XII targets $40M-$400M minority and majority investments in North America.
  • 190 investments since 1992 yield 120 exits and 19 IPOs.

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Benefits

Performance Bonus

Company News

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