J.P. Morgan Investment Bank Asia

Also Known As: JPM, JPM Asia, J.P Morgn Asia, JPMorgan Asia, JP Morgan Asia, J.P.Morgan Asia, J.P Morgan Asia, JPMorgan's investment bank Asia, JPMorgan investment bank Asia

Fixed Income Research

VAULT RANKINGS 2010

#2 Top 25 Asia Pacific Banking Employers

GENERAL INFO

Headquarters: ,
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NEWS AND UPDATES

Vault's Scoop

Uppers

• "Scale, scope and prestige"
• "Quality of training and development"
• Entry-level "ownership on projects"

Downers

• "Relatively long hours"
• "Need to improve global connectivity"
• "Cautious approach"

ABOUT THIS COMPANY:

A world player

J.P. Morgan is the investment bank division of JPMorgan Chase & Co., a leading global financial services firm with more than USD$1.6 trillion in assets and over 180,000 employees in 60 countries around the world. The firm's investment banking division, J.P. Morgan Investment Bank, one of the top "bulge bracket" global I-banks, has offices throughout the Asia Pacific region. The firm consistently ranks at the top of the investment banking league tables and wins industry awards from major financial publications.

Parent JPMorgan Chase also boasts powerful asset management, commercial banking, private banking, securities and treasury operations. Its clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries, and it is a component of the Dow Jones Industrial Average.

In the Asia Pacific region, J.P. Morgan Investment Bank provides a wide range of investment banking products and services across Asia and an industry coverage team that focuses on key sectors including: consumer, healthcare and retail; financial institutions; financial sponsors; natural resources; general industries; real estate; and technology, media and telecommunications. The firm works with a broad range of issuer clients, including corporations, institutions and governments, and provides comprehensive strategic advice, capital raising and risk management expertise.

Historic names

One of the legendary names of American banking, J.P. Morgan's roots stretch back to 1799, when JPMorgan Chase's earliest predecessor, The Manhattan Company, was chartered to supply "pure and wholesome" water to the occupants of New York City. J.P. Morgan & Co. was itself established by J. Pierpont Morgan in 1861 as a sales and distribution office for the European securities firm, J.S. Morgan & Co., run by J. Pierpont's father. Teaming up with Anthony Drexel in 1871 to form private merchant banking partnership Drexel Morgan & Co., by 1882 J. Pierpont Morgan was making considerable investments in United States infrastructure, in particular Mexico's railways. In 1940 the company went public, becoming J.P. Morgan & Co. Incorporated.

Sixty years later, JPMorgan merged with Chase Manhattan in a deal valued at approximately USD$38.6 billion. The deal was completed on the first day of 2001, instantly creating the third-largest financial institution in terms of assets in the U.S., behind Citigroup and Bank of America. On July 1, 2004, JPMorgan Chase officially merged with Bank One Corporation for a purchase price of USD$58.5 billion. Upon the merger, the combined company possessed USD$1.1 trillion in assets, rivaling Citigroup's USD$1.2 trillion. One of the largest financial mergers in U.S. history, the deal boosted JPMorgan Chase's ability to compete with Citigroup not only in investment banking and commercial lending, but also in consumer banking, which was Bank One's key strength. The new company was now positioned to offer services in investment banking, financial services for consumers and businesses, asset and wealth management, private equity and financial transaction processing.

In the Asia Pacific region, J.P. Morgan's beginnings go back to 1872, when the bank's first office opened in Australia. The firm has been in Hong Kong, Japan and China since the 1920s and has had a strong commitment to the region ever since. The firm's regional headquarters is located in Hong Kong, where it has over 78 years of operating history. Today, J.P. Morgan has more than 25 offices in 14 nations throughout Asia. The firm has about 20,000 employees in the region. More than 2,900 employees are based at the firm's regional headquarters in Hong Kong.

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J.P. Morgan SALARIES

J.P. Morgan Investment Bank Asia salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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J.P. Morgan SURVEY SAYS

Freethinking and fair

One thing insiders at J.P. Morgan like to point out first and foremost is that the culture of their firm "is not as cut-throat competitive as at other banks." "There is a clear emphasis on teamwork contributions," says one source. A colleague agrees, telling us that the employees "are a close-knit group within Asia," adding, "People are generally very willing to support and learn from each other." The environment also lends itself to "two-way, free and frank conversation" between juniors and their superiors. "Very little politics" come into play at this "very open firm."

Most employees are "rather easygoing and fair," and the bank continues to aim to employ people with these characteristics. Sources also state you are given the "opportunity to take responsibility in the early stage of your career." "Analysts and associates touch the markets, work on live deals, and interact with clients and senior management," one insider points out. But above all else, insiders claim the "firm strives hard to live up to founder J.P. Morgan’s motto that they ‘do first-class business in a first-class way’." All this adds up to a view from respondents that there is "strong emphasis put on performance, results, inclusion and fairness."

DISCUSSIONS

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J.P. Morgan Investment Bank Asia Perspective

With the application process for full-time and summer investment banking internships now underway, you might be asking yourself: What makes a successful candidate?

To join any line of business at a top Wall Street firm, it’s perhaps most important to demonstrate a deep interest in the financial industry, personal drive, and the ability to learn quickly. It’s also important to demonstrate your capability to be entrepreneurial and motivated. In addition, you might also have to be capable of generating ideas and independently analysing business situations.

What else does it take to join a top Wall Street bank?

http://blogs.vault.com/blog/job-search/what-it-takes-to-join-a-top-wall-street-bank/

Tips from the inside

Looking for the right fit

J.P. Morgan is becoming "increasingly selective given the market conditions," according to insiders. But sources also report that an "iron-clad resume is not a must for being hired," with the firm looking "for much more all-rounded people rather than sheer intellect." Values like “team spirits” are highly regarded and the bosses at the firm are keen on "finding the right cultural fit along with the necessary technical expertise."

According to one insider, the hiring process "is similar to what is followed across the industry; there are multiple rounds of interviews with traders at various levels and senior salespersons," though other sources stress that the firm generally limits itself to about two rounds. The process is described by one staffer as "selective, but straightforward and efficient from both the firm’s and the candidate’s perspective."

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Other J.P. Morgan Investment Bank Asia Profiles

JPMorgan Chase & Co.-North America-Fixed Income Research, Chase Commercial Bank-North America-Fixed Income Research

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