PNC Risk Management vs. JP Morgan Financial Analyst Development Internship
So I currently have an offer on the table from PNC for their Independent Risk Management Internship, would be trying to get more into the credit/market risk side of that program. I am also currently interviewing for JPM financial analyst development program as well as the JP Morgan Private Bank banking analyst summer internship program. I am confident I will get a second round for both of these programs, as the first round went excellent.
How likely is it that I can delay the deadline for deciding on the PNC internship until I hear back from JPM? What are the exit opportunities like for these programs? Im not exactly sure what I want to do in finance yet, but am looking to gain the most useful/relevant/transferable skills in an internship that will set me up for the best opportunities once I graduate next spring.
Thanks for any help anyone can provide.
Come back when you have an offer, you might be putting the cart in front of the horse here. One (or both places) might make your decision for you.
I just got the offer from the JP Morgan FADP program, I am thinking it is probably the best option in terms of reputation as well as potential exit opps, but was curious if you might have any further insight? I plan to reach out to some of my connections throughout the banking industry and see what they think as well.
Don't know much about it. what are the duties and responsibilities of each?
This is the description of the PNC internship: As an intern in PNC’s Risk Organization, you will support the organizational goals and objectives by partnering with our business teams and leaders to identify, monitor, control and report on risks that may impact their business and its stakeholders (employees, customers, communities, and investors). You will work with Independent Risk Management professionals to maintain PNC’s strong emphasis on effective risk management and adhering to our enterprise risk appetite. Throughout the experience, Interns will gain exposure to senior management, risk processes, compliance monitoring, analysis and metrics, policy and procedures, data governance and reporting.
I can't find much more information that that, and know that credit risk management is the only division that would likely be considered useful for future finance careers, and I can't guarantee that I would be placed within that division.
Here is a description of the JP FADP program: This ten-week program offers on-the-job training and hands-on experience working on projects and initiatives that drive business results and support the bottom line. You'll gain first-hand exposure to finance in one of the following roles:
Business Management - Help drive key initiatives that optimize business performance. While responsible for identifying, escalating and mitigating business risks, this team also acts as a Trusted Advisor to business and group heads. Controller – Responsible for ensuring the overall integrity and validity of the financial statements and controls over the transaction cycle; performing critical reporting and controls functions for the organization, including legal entity, financial and regulatory and product valuation. Financial Analysis - Create meaningful analysis, reports, presentations and strategy documents in support of our businesses. You'll also be responsible for internal and external data gathering, analysis, reporting, financial budgeting and forecasting. Project Management - Contribute to programs that are large scale and comprised of multiple projects and workstreams. Initiatives drive cross line of business or firm-wide agendas for implementation of new regulations, standards or policies.
In addition to ongoing technical and professional skill development, we offer one-on-one mentorship and networking opportunities with senior leaders across the firm. You may receive an offer for the full-time Finance Analyst Development Program upon successful completion of the internship.
JPM. Sounds like a typical FLDP, although not as "glamourous" as a Johnson and Johnson or GE. You'll get a wider variety of experience there. Unless you want to get into credit or leveraged finance, then go with PNC.
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