JPM Asset Management - Info on position?
Hi all,
I have a question regarding JPM Asset Management. I just had interview with the global equities group and it went fairly well.
It seems like that the position is client facing, and more on the client portfolio side, as opposed to the portfolio management side. So, essentially, the group meets institutional clients on behalf of the firm to communicate performance, market trends, and different investment solutions. They work with portfolio managers on diff things.
Does anyone know more about this position? How is the compensation and exit opportunities? What skillset is developed here? CFA is encouraged as part of the 3 yr program.
Thanks a lot!
is this for FT or summer?
full time
just accepted an offer in the PB so a lot of the platform is similar as is the investment process. (Much of portfolio management decision trickles down from the jpm CIO so strategies are similar). The AM group is different just in that the clients are institutional and client meetings are with that firms investment advisers. Exit Opps range from sticking with AM, many go back to get MBA, some move over to the PB or PWM, some go to PE/HF. Movement into IB is tougher without an MBA.
Would moving to become a portfolio manager be difficult from this position?
A long long way down the road you could be a PM...even at small investment shops the PMs have at least 15 years experience in other roles before making the big decisions.
Stros88, which office??
J.P Morgan Asset Management (Originally Posted: 04/08/2013)
Delete
You could ask the FA you're working for just to play it safe.
Almost all of the admins, support staff, interns, etc. that work under an FA or a team of FA's are Client Associates. You don't need to ask your FA, just list it as "Intern, Global Wealth Management" which follows the standard format of "Position, Division"
CSA is basically just a glorified secretary who can execute trades.Its a good internship prior to your junior year when you go into recruiting for IB, etc.
CSA is a great start if you want to be a financial advisor. Do it for a couple years, learn the business, get some contacts and get licsnesed.
JPM Asset Management - Typical starting salary for analysts? (Originally Posted: 02/03/2011)
What is the typical starting salary at JPM for analyst in the Asset Management division for undergrad FT, obviously not including bonuses?
70+10 for both IM and PB is JPM and street avg
Maybe that's what it was a couple years ago, but it's more like 55-60 base now.
SAs were paid a prorated 60k last summer not including bonus, so that should give you a good indication on what the FT salary is.
Errr, I've heard $70k+10 from, well, everybody...
Well, I have seen an offer letter, and it's not 70 + 10. Maybe that's what it is in NYC, or maybe that's what it was 3-4 years ago, but 2011 FT in a regional office is 55k + 7.5k sign on.
...
its 70+10 in nyc. for sure.
do u need prior work experience in AM to get FT AM?
I interned at JP and the prorated amount we got was 85k....I haven't been able to find a AM bank that paid the same since.
Granted, Staying at JP after those 3 years in the analyst program is tough. So many 3rd year analyst had to leave to other positions or firms after their 3 years was up because there is no guarantee you will be an associate. Only 3 people passed the "A to A" test in our office. One stayed in AM, One left to another firm, and the other had a different position in Corp. Banking. The 85k isn't worth it at the end because it doesn't last.
So yea, you will be making 85-95-105 as an analyst before bonus, but once your out...GOOD LUCK. =/
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