I had a phone screen for the full time MMBSI program this week. Is the superday next or another round first? I am wondering if there would be a case study and any relevant technicals to know. I am reviewing some at the moment. Thanks.
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Based on the highest ranked content on WSO and insights from various threads, the interview process for roles like the MMBSI (Middle Market Banking & Specialized Industries) at JPMorgan typically follows a structured path. After an initial phone screen, the next step is often a Superday, especially for full-time positions. However, this can vary depending on the specific recruiting cycle and the division you're applying to.
For the Superday, it's wise to prepare for both behavioral and technical questions. While the exact format can vary, here are some areas you might want to focus on:
Understanding of the Middle Market: Be ready to discuss what the middle market is, its importance, and how it differs from other market segments. Understanding the unique needs of middle market clients can be crucial.
Financial Analysis and Modeling Skills: Brush up on your financial modeling skills, including DCF, LBO, and merger models. While you might not need to build a model from scratch, understanding the concepts is key.
Industry Knowledge: Given that MMBSI covers specialized industries, having some knowledge about the industries JPMorgan focuses on within this segment could be beneficial.
Behavioral Questions: Be prepared to discuss your previous experiences, why you're interested in MMBSI, and why JPMorgan. Think about your leadership experiences, teamwork, and times you've overcome challenges.
Case Studies: While not always a component, some candidates have faced case studies or scenario-based questions. Reviewing basic case study frameworks and being able to apply them to the banking industry could be helpful.
Technical Questions: Refresh your knowledge on financial statements, valuation techniques, and key financial ratios. Being able to articulate how changes in the financial statements affect each other and the company's valuation is important.
Remember, preparation is key. Utilize resources like the WSO Networking Guide to potentially connect with current employees or alumni who can offer insights into the process. Good luck!
Sources: Superday Related Advice, https://www.wallstreetoasis.com/forum/investment-banking/piper-jaffray-sa-2020?customgpt=1, What exactly happens after a superday?, S&T Recruitment 2011: An Applicants Story, S&T Recruitment 2011: An Applicants Story
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Don’t know about FT but for SA role i had a case study
Gotcha thanks, any advice to get prepared for it?
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