J.P. Morgan is one of the top banking firms to work for in
the world, as well as one of the most prestigious. As such, the
firm is looking for candidates who are highly intelligent,
analytical, and motivated; show strong interpersonal and analytical
skills; have excellent communications skills; and are team players.
The firm runs a lauded internship program that prepares students
for full-time employment, while providing them with substantial
hands-on experience, and the ability to interact with clients,
attend educational sessions, and network with senior executives.
For full-time professionals, the firm offers excellent career
development opportunities, including strong formal and informal
training, plenty of mentoring opportunities, and the ability to
move to other groups and regions within the bank. Although insiders
will work long hours and stress can be high depending on which
group or business unit they join, the firm places a strong emphasis
on creating a healthy work/life balance for its employees, and the
firm's collegial culture is said to be one of its strong suits.
Salaries and bonuses are competitive with the Street average, while
benefits get average marks from insiders. Diversity recruiting,
however, generally receives very high marks. J.P. Morgan is deemed
a leader in diversity, although there is still room for improvement
in certain areas of diversity recruiting, according to insiders.
With respect to the firm's business outlook, it is said to be very
bright despite a tough regulatory environment. The firm's senior
leadership is strong and has the confidence of its staff, and J.P.
Morgan is well positioned to continue to be a leader in most of the
areas in which it operates.
"We have a very seasoned interview process in place. There are
target schools for the company, but candidates can always get in if
they proactively reach out to employees of the company. Ideal
candidates are very analytical, have great attention to detail, and
are able to hold intelligent conversations with clients. They must
also be up to date with current events, and have an opinion on the
economic outlook for geographic locations, different financial
asset classes, and individual companies."
"A substantial amount of recruitment comes from concentrated
campus recruiting. Typically we emphasize (1) well-rounded
backgrounds, (2) good personality, (3) interest in markets, (4)
ability to learn quickly. There is less emphasis on already-learned
technical skills coming into this practice."
"We are looking for candidates that are committed, show strong
interpersonal and analytical skills, can communicate effectively
both in writing and orally, are team players, and are not afraid to
work long hours."
"I interviewed on campus, so the process was simple. We're
looking for someone who is passionate about markets, works well in
a team environment, is a good communicator, and pays a close
attention to details. Given the relationship aspect of the
business, we generally prefer someone who is outgoing and can
converse well across a multitude of topics."
"Mainly behavioral questions: Why J.P. Morgan? Demonstrate that
you follow the markets. Give specific examples of how you have
incorporated different traits in your life to what J.P. Morgan is
looking for (team environment, strong communication skills,
"Tell me about yourself. Technical understanding of concepts
commonly used in roles being interviewed for. Asked about specific
items on a resume and understanding of the firm and specific
"What's our stock price at? Why you? Why J.P. Morgan? Why this
group? Tell me about a time you failed. What have you read
"Questions are typically around content-like knowledge about our
firm, our competitive advantages/disadvantages, markets,
portfolios, etc.-and skill sets that address work ethic, sales
skills, compatibility with culture, etc."
"My internships at J.P. Morgan prepared me for full-time
employment better than any other job or academic experience. From
day one I worked on substantial projects, spoke with clients,
attended educational sessions, and networked with high-level
executives within the bank. The level of professionalism,
generosity, and honesty extended toward me even as a new intern was
"My internship allowed me to genuinely experience life as a
full-time research associate at J.P. Morgan and the autonomy that
often comes along with being a research analyst. The program did an
excellent job of structuring and planning summer projects for the
intern class. These projects weren't merely busy work but instead
focused on generating research products that were integral to the
firm's research franchise (e.g. initiation reports). Additionally,
the internship program provided interns with an extensive support
network that enabled them to learn about the job and firm culture
in addition to providing consistent performance feedback. The only
drawback was what seemed like a lack of choice in terms of
selecting your research team. However, the firm made a great effort
to match candidates with the team that fit their personality and
"Best parts: culture, hands-on experience, training, resources.
Worst part: I would have liked to attend more client meetings."
"The best aspects were 1) work/life balance, 2) the focus on
development of junior talent, and 3) the mobility
"J.P. Morgan has a collegial culture and emphasizes mentoring of
junior staff. I've been at several banks on Wall Street, and J.P.
Morgan has the best/most organized training of junior staff. J.P.
Morgan is also a big firm, and I've seen employees transition from
one part of the bank to another (especially if you do a solid job
and have a good internal rating on performance reviews and the
support of your manager). Moving within the bank to pursue an
opportunity outside of your line of business is not an impossible
"Career mobility is not just a buzzword or ideal at J.P. Morgan;
it's a pillar of our business and the most distinct aspect of our
corporate culture. I know that when I am ready for a new challenge,
I will be able to speak openly with my manager and teammates about
my next move."
"We work at a large institution, which offers an array of
options in terms of business segments and geographic flexibility.
The challenge is that those career development opportunities are
really up to the individual to pursue. Additionally, many
individuals are put into silos, leaving you unable to imagine
yourself in a different role/group/function. The firm has taken a
much more open approach, openly encouraging individuals to raise
their hands; this openness has resulted in a number of my peers
pursuing other opportunities within the bank."
"Our culture promotes, and that is something that the junior
population does value. As you get more senior, you need to wait
until appropriate spots open up for advancement, but there are
always projects and initiatives to get involved in to raise your
profile and hone your skillset."
Quality of Life
"Philanthropy, volunteerism, work/life balance, and physical and
mental health are all emphasized in corporate communications. The
on-site health center, cafeterias, and coffee shops are all great
amenities. But at the end of the day, we need to be on call if a
client needs us, so occasional late nights and early mornings are
part of the job."
"There is a very strong work ethic at the firm and one that
requires you to be on call 24/7. However, this expectation is
because people are truly invested in the firm and our clients, so
it is for the right reason."
"It is important to check in frequently in the evenings and on
the weekends, but you can do that remotely. Face time is not an
issue as long as you respond to important issues when they
"Everyone is very relaxed about and encouraging of using all of
one's vacation days, and we are allotted very generous amount of
vacation days. People are respectful of family commitments and
flexible schedules. There is lots of client interaction at a very
early age. But a BlackBerry culture requires constant connectivity
outside of work. Hours are often very tough. The firm promotes
work/life balance in theory, but in practice everyone is stretched
very thin. Stress levels are high."
Salary and Benefits
"The pay is very good, and the firm is working to make the
metrics around salary/bonus more clear. Retirement and employee
stock purchase plan is very good, and vacation time is flexible.
Outside of this, perks do increase the more senior you are at the
firm, especially in relation to flexible hours. Other common perks
such as child care, parking, and gym are left to the employees to
"Compensation policy is fair. Maternity/paternity leave policy
and vacation policy are good. Medical coverage has gotten
significantly more expensive and isn't great. 401(k) matched is
offered, but when comp exceeds a certain threshold, there is no
match. Disappointed that there is no on-site child care or on-site
"Salary, bonus, and benefits are all positives. Wellness/perks
"Combined compensation is competitive with the market. But there
are relatively limited investment choices for 401(k) accounts."
Diversity, Philanthropy, and Green
"Diversity is at the top of the company's agenda. J.P. Morgan
invests in and sponsors community service, educational programs,
scholarships, and diverse recruiting programs."
"Extensive efforts to hire, promote, and support women. And
there are lots of veteran efforts. But there are very few
"Extensive company matches after major disasters, etc., to
encourage employee giving. Yearly company match of charitable
contributions is terrific."
"Long held reputation by many as best on the Street in respects
to diversity. But sometimes the pendulum swings too far and is seen
as trying to hard and getting it wrong in the process. Philanthropy
program formerly seen as generous and equal, but now seen as a
highly targeted program for the firm with little respect to
individuals' charitable interests."
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"I have complete confidence that J.P. Morgan will be a market
leader for a long time to come. While we are perhaps overly
cautious and compliant at times, I think our integrity and
willingness to cooperate with the government will help our
longevity and reputation."
"J.P. Morgan is well positioned as one of the most
well-respected banks in the world across a variety of synergistic
businesses. While greater regulatory oversight will come into play,
I have full confidence that the firm will navigate successfully
through the regulatory environment."
"Our businesses are very strong. Any setbacks will be due to the
overabundance of regulatory changes-which is an issue for the
entire industry. We have very good leadership at our firm. My only
knock is on the diversity front. We should be better, and the
leadership needs to telegraph that and measure it."
"Jamie Dimon is outstanding. Operating Committee (Gordon Smith,
Mary Erdoes) and board members are very strong. Financial results
have been consistently strong. We're doing well at adapting to
regulation, but it's still a difficult/expensive process. Headline
risk/reputation issues exist despite our very strong, healthy