JP Morgan First Round Phone Screen

Hey guys, so I was just offered a first round/phone screening for the 2018 IBD SA program with JP Morgan. I'm a bit confused, as I would've expected a HireVue or something like that (because its 2017). Its with an Analyst in an industry coverage group, and I was just wondering what to expect. Any input would be appreciated!

 

I have heard that phone screens will be a combination of behavioral and technical questions (especially since it's an analyst and not HR). I would study up on your story really well (why banking, why this bank, why you etc.) and would also brush up on basic accounting and valuation questions.

Just curious as to how you got an interview this early?

 

It all depends on the school that you attend. Assuming that you are at a target they won't ask you anything that you shouldn't already know. The analysts are recent graduates from your school and know what you learn. Just be yourself and hopefully they know and like you already that is most of it from my experience. Also if you're at a target it's nice because your first and only round.

 
MMonkeyY:
That's my understanding as well...(1 30-minute interview and offers are extended soon after)

so much for due diligence, eh? even back office has multiple interviews for most BBs

 

Depends on what LOB and what the internship specifically entails. It's important to note that JP has 6 major LOBs:

JPMorgan: Investment Banking, Asset Management, Treasury & Securities Services Chase: Retail Banking, Commercial Banking, Card Services. You should have an idea of which LOB you'll be working in. That will help in your prep when you research the company.

I highly doubt the interview will be technical (1st round) unless of course its for a tech position. This sounds like the CADP (Corporate Analyst Development Program).

If you don't mind me asking, what's your classification and is this in NY headquarters?

Flawless ambition
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Do not wear cuff links.............................

If you know the product know the technicals for it. I.E. if you're auditioning for fixed income know duration, convexity, prepayment risk, yield curve/price relationships, etc. If it's for equity be familiar with ADR's, synthetic positions, recent transactions that JPM has been a leading underwriter, etc. Equities just axed 2 dozen people; maybe ask how the business model is changing and how computers at taking away jobs. Kidding of course.

Regardless of product know current levels for the dow, s&p, crude, and general things that show you're passionate about the markets. Send me a pm if you have more specific questions.

I'm on the pursuit of happiness and I know everything that shine ain't always gonna be gold. I'll be fine once I get it
 

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