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Hi I have an unofficial interview with an executive director at JP Morgan IBD in NYC.

I wanted to ask about what the culture is like and what kind of people they look for in new hires. I've heard that people who work there tend to be pretty chill but do work and play hard as well.

Thanks!

Comments (29)

  • Gekko21's picture

    Overall, I think they have a great culture. Everyone I know is very laid back and easy to talk to. I have also met enough people to know that while everyone is very nice and helpful you can still find your "tribe"---whether it is more quantitative or more socially gregarious.

    "Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

  • Beef's picture

    Can't speak for the NY office, but my impression of JPM as a whole is that they tend to hire people whom they think will stay for the long run... and they also treat you that way (i.e. they don't make your life that miserable because they don't want you to leave). That may have been just my experience though.

    Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.

  • makers mark's picture

    Nothing but good things from my experiences. Had a friend who just summered there and said that most people are relatively calm and not harsh when bringing up any mistakes you've made, will go out of their way to help you out, etc. Met a few analysts and associates and they all seemed like cool people (and I would not say the same for every analyst at other firms I've met). Good luck man.

  • 1man2nv's picture

    Yeah I agree with everything everyone said. I didn't meet any "arrogant" people, everyone was extremely cool. You have to show your a genuine people person.

    You give me a gift? *BAM* Thank you note! You invite me somewhere? *POW* RSVP! You do me a favor? *WHAM* Favor returned! Do not test my politeness.

  • Beef's picture

    That DB article is hilarious. Spoke to friend of mine who did SA at JPM NatRes last year and his experience was very positive. He accepted the full-time.

    Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.

  • tdave's picture

    ^^^^I don't know where these commentators are getting their stories from but from what I know, JPM NY culture is terrible. Almost 70% of their summer associate class from my school turned down their offers because they hated their summer experiences there. They have also pissed off a lot of people on campus because of their bizarre recruiting practices (their obsession with touch points is just way out of the ordinary and borderline scary). The reputation is so bad, that I know someone who turned down a JPM offer for a MM firm.

    Good luck!

  • In reply to tdave
    awm55's picture

    tdave wrote:
    ^^^^I don't know where these commentators are getting their stories from but from what I know, JPM NY culture is terrible. Almost 70% of their summer associate class from my school turned down their offers because they hated their summer experiences there. They have also pissed off a lot of people on campus because of their bizarre recruiting practices (their obsession with touch points is just way out of the ordinary and borderline scary). The reputation is so bad, that I know someone who turned down a JPM offer for a MM firm.

    Good luck!

    this

  • Gekko21's picture

    Perhaps there is a disconnect between IB and S7T, but I have no idea what tdave is talking about.

    "Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

  • Beef's picture

    I also don't know what tdave is talking about, or what a touch point is... can you elaborate?

    Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.

  • Gekko21's picture

    As someone who has interviewed with 3 different divisions of JPM and knows a few 1st year analysts and EDs, I have not seen the culture that tdave is talking about. Maybe he got unlucky, maybe it is more common in banking, idk.

    "Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

  • tdave's picture

    A touch point in IB on-campus recruiting parlance is a meeting (formal or informal) with a representative from a bank. Some firms are low-touch (e.g. DB/Citi/Greenhill & the other boutiques) but most are somewhere in the middle. JPM alone sits at the top - the firm is obsessed with meeting and evaluating you!

    JPM bankers even keep a spreadsheet that tracks ALL forms of contact with a candidate - from phone calls to informational chats to conversations at cocktail events to email exchanges... everything). By the time JPM releases its closed-list, their top candidates each have as many as 30-50 different touch points logged into this creepy Excel spreadsheet that gets circulated to everyone on the school team. Oh, and they keep updating this Excel file throughout your summer internship. I wish I were making this up!

    I referring to JPM's investment banking on-campus recruiting not S&T.