Chances at PE Recruiting- Corporate Banking at BB (JPM MMBSI)

Hi Y'all, I am a junior at a non-target and my 2020 summer analyst position is in the corporate banking division of a BB in NYC. I didn't get a SA offer for investment banking, unfortunately. What chances do I have for FT recruiting at MF PE? that is really where I want to end up but I'm worried that I might be on a bit of a tough track.

What advice do you guys have/is this even possible to do corporate banking to MF PE? thanks in advance for the help!

 
Most Helpful

So MMBSI is actually commercial banking for JPM (as you probably know the only real difference is the size of companies you will be servicing, MMBSI $20mm-$500mm, and CCBSI $500mm+). NY is one of the tougher markets to get a return offer in, although the exit opportunities are not terrible as JPM commercial banking is possibly the best program out there for credit/commercial banking; analysts regularly exit to Private Debt and sometimes PE. That said, and I hate to be the bearer of bad news, but you will have no shot at MF PE.

The good news, is that except among the largest US banks (JPM, BofA, WF), MMBSI would be considered corporate banking, and you will be exposed to far more specialty groups than you would be nearly anywhere else. So, if you end up with any desire to stay in the space, you will have a giant leg up anywhere you lateral to. Feel free to PM me if you have any questions as I know quite a bit about the program.

 

Quo est dolores perspiciatis voluptatem. Earum nisi et ipsa dignissimos blanditiis. Sit corporis tempora eveniet commodi voluptatum. Nam totam qui illo numquam ullam officia.

Id est veritatis est sed exercitationem dolor. Quo eaque autem dolor magnam rerum ipsam quo. Ut doloribus recusandae facilis molestias impedit atque. Qui voluptas aliquam est et nisi quisquam.

Est alias facilis magni aut itaque sed dolores. Quo consequatur at deserunt. Quos dolor quisquam doloremque quia ut. Repellendus et quia voluptatem quasi nobis qui aliquam tempore.

Vero molestias pariatur animi sit in sed accusantium. Repellat maiores esse in rerum quos quis quaerat. Harum ea illo provident quasi cum rerum.

"Markets can stay irrational longer than you can stay solvent."

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”