JPMorgan FADP Summer Placement Ranking
I have to rank my preferences for the Finance Analyst Development SA position from 1-5 (1 being best and 5 last). The functional roles include Planning & Analysis, Accounting/Reporting & Control, Treasury, Business Management, and Investor Relations. Which ranking would be most useful for future exit ops to more of an investment related job?
This is what I'm thinking so far:
1) Planning & Analysis - teams are responsible for all facets of planning, reporting and analysis of the full Profit & Loss Statement (P&L) on a global basis. Additionally, P&A partners with senior management across the business to deliver on many of their most important business strategies, growth and development plans.
These teams accomplish this mission through special assignments, research and analysis, and other business development projects focused on growth planning, improvements in the business model, evaluation of market development opportunities, and other key growth and performance factors.
2) Treasury - responsible for the direct management of the Firm’s “Fortress Balance Sheet”, capital, global funding and liquidity, relationships with credit agencies and insurance services
3) Business Management - partners with senior management to deliver on their most important strategies, growth and development plans.
These teams accomplish this mission through special assignments, research and analysis, and other business development projects focused on growth planning, improvements in the business model, evaluation of market development opportunities, and other key growth and performance factors.
4) Accounting/Reporting & Control - organization is 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, as well as product valuation; and improving ongoing processes, and ensuring execution and implementation of the overall financial architecture.
5) Investor Relations
Thanks!
I'd think Treasury would be #1 on this list, but don't take my word for it. After that, there isn't really anything on there that will be useful for a job in investments. Investor Relations might be helpful for getting a Sales job and Business Management might be best for networking with people (probably the best way to break into a high finance role).
Wait for someone else's opinion, though I think treasury is the way to go
DM is correct. Treasury is probably the best way to go with regards to experience. You basically get to manage JPMC's cash, which has been sitting pretty around $350 billion for the past several years. It depends on what group you get placed in Treasury, but it's the most hands on with money that is being invested (agencies, money markets, t-bills, etc) in the FADP program and gives exposure to VaR, IRR, and exchange rate risk. With regards to networking, Treasury interacts with all LOB's within the bank, as well as other bo positions; however, if you're looking to network outside the firm then IR is your dept.
JPM's business mgn would be my '#1 ranking. Its a very competitive department for internal trf purpose as the things they do are quite interesting, initating new businesses, talking to ppl from FO to BO to Finance, so quite a wide span.
I am in this function this year a summer intern in JPM, would you mind sharing more about this function? Thanks a lot!
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