Group Selection J.P. Morgan

Thanks for your response. Any groups to avoid?

Has anyone heard about FIG or DI

HC is top on the street, but within JPM, M&A is often seen as the top group with the best exit opps.

Summered at JPM last summer and can confirm that although FIG is a solid group, it was one of the least coveted groups due to poor group culture, an oversized team (25 SAs), unmeaningful work (lots of regulatory filings), and the lowest return rate firm wide.

Talked to a guy in TMT (now covering media) over the summer and he said late hours are very common in the group. Be prepared for late nights.

JP is unreal on the telecom side. Definitely top on the street over the last few years. Media side they are definitely good are topped by a couple of other shops. Some new hires may change this.

How did you reach out to people in your preferred groups? Through alumni networks or LinkedIn searches? Thanks.

Last option as in the group you ranked last out of 12+?

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Thanks for this comment What I heard from a senior at JP london was that FSG was very into modelling, and dcm as well. SF&PI is structured finance and not PE.

quite surprising isn t it ?

Agree with OJS on FSG in London. There is only one intern in the office, no analysts, and the rest are senior bankers. Idk if there is modelling involved, but I would guess its a lot of coverage.

Ind & Transport had a quiet good conversion rate last year so you might want to look into that gorup as well.

thx for those interesting feed backs

what about TMT, are the hours more extensive than in other groups ?

this is london right? consumer and TMT are really stong in there (consumer more laid back), industrials is also hard core.

Yep london

Depends on where your interests lie...

No love for Latin America Advisory.

obviously avoid LEV FIN and Cap Structure Advisory

look into M&A, FIG, Diversified

I hear their FIG group is great. plus it's really active right now

Good:

• FIG
• M&A
• Healthcare

Avoid:

• SLF: hit very very hard by layoffs, probably not extending many offers
• ECM: supposedly all the interns do is make stock charts, good hours though

The others can be good too, I'm just trying to cover the best / worst.

yo, where's the latam love?

look into the groups and if you fit in, especially in such a crazy time where a select few will get offers. when you're comparing between two kids who both did an excellent job but one had marginally better relationships, you'll take the one that did marginally better.. maximize your chances

Are alumni connections a factor?

ya...I left out Latin American Advisory because I figured knowing Spanish would probably be important but I could be wrong. FIG, M&A and Healthcare are all ones I am considering among others. What turns me off of FIG though is that I've heard the skills you learn there very specific to FIG. Can anyone back me up on that? Financial Sponsors interests me too but would now be a bad time for that? Thanks for the input

is the recommendation for healthcare specific to jpm? or is healthcare just a busy group in most banks?

If you don't speak spanish LatAm isn't a choice. Yes, valuation skills in FIG are largely proprietary. And yes, the sponsors space is pretty much dead. Some sponsors have portfolio companies that are distressed and may be looking to do something, but any refinancing it happens mostly with the capital markets guys as they are generally debt for debt deals.

What are your all's thoughts on RE? Are they busy, if you join it are you setting yourself up fir only RE exit ops?

For oil & gas, JPM is top five in Houston.

quick question: do most banks have ecm, dcm in their banking groups or capital markets groups?

I heard that M&A is slowly getting phased from product to the various coverage groups -- so that the coverage teams will be doing it in-house. Does anyone know about this?

I know there are a couple groups that do M&A in-house. Namely TMT and FIG.

I heard from people working at the firm that they are scaling this back. I've heard this from a couple analysts working in NYC and regionals. Then again, it could be just an analyst rumor floating around.

.

This one:

Buffett sat at it AND it belonged to JP Morgan himself. You can't go wrong.

source:

They have an energy group

This is rediculous... no?

i didnt get any official emails from HR, just an email from someone i had talked to before in the group... has anyone gotten something more "official"?

They said they were waiting to tell us all at the same time. there a fucking week late.

are you waiting on SA group assignment or FT? i heard couple weeks back....

SA

OK so now its been a few more days and still nothing. Has any other summers at jpm nyc heard anything?

Question to everyone:

would it be appropriate to email HR and just ask?

Do I have to worry about annoying HR?

M&A is tops, no questions asked. Healthcare is also a top group, great experience for analysts, and a good culture. FSG is also good, does a lot of the sponsors debt modeling work that you alluded too. Nat Res down in Houston is a top group, just as good as Barc/CS.

megafundguy:

this board is really dumb.

We got your t-shirt, ya did left fingerprints and all, you are so dumb. You are really dumb, for real.