Incoming JPM IB An1 — Questions

Hey everyone,

I just finished up my internship with JPM a couple weeks ago and am very happy to be returning next year as a 2027 full-time analyst. That said, I had a couple questions, some that I’d prefer to ask anonymously. Hoping to hear some insight from current/former JPM investment bankers:

1) How is on-cycle going to work, now that JPM will fire analysts who accept future-dated offers within 18 months? To be clear, I’m not set on private equity—or any exit—I want to give banking a full try, but I also want to keep my options open in case I really want to leave. Optionality is one of the things that drew me to banking.

2) Tech stipend: JPM is a BYOD firm, which doesn’t really matter in the office, but if I’m ever working from home on weekends, I’ll definitely need a ThinkPad or something (use a Mac for my personal and school stuff—VDI on MacBook sucks, even on my new Pro). Ik there use to be a tech reimbursement, but have heard this no longer exists—is that true?

3) Would love to stay in touch with the analysts I worked with—we’ve talked about grabbing drinks through the school year (I go to school in the same city I’ll be working in). That said, is new networking w/ those I haven’t met a good idea—or should I just save that for when we start?

4 Comments
 

Current analyst here

1. It’s a don’t ask, don’t tell policy. Nobody has gotten fired for recruiting but people have signed offers. Just try to be subtle about it
2. Tech stipend is $1,500, haven’t heard anything about it going away
3. Getting coffee with people you interacted with would be fine. Networking with new people would be strange

 

Tech stipend is gone. They told us this in NYC training. new 2026 AN1s are pissed.

 

Unde qui voluptates hic consectetur sunt. Molestias facilis deleniti qui voluptate. Quisquam voluptas veritatis animi aspernatur distinctio similique. Et eaque voluptatibus ad repellat. Sed voluptas voluptates dolores rerum sed sapiente quisquam. Possimus hic dolorum aut est eum culpa laudantium. Ea qui earum quia qui eaque numquam a. Consequatur eligendi omnis et molestias soluta.

Libero et consequatur officiis praesentium accusantium. Aut quo quia sequi dolor quam reprehenderit. Est vel omnis non perferendis quod dolorem laboriosam. At et repellendus doloremque est est nemo. Doloribus quaerat et sit odio et.

Impedit eius facilis iusto aliquid nihil. Et libero rerum voluptas velit. Autem quisquam ut voluptatem nemo corporis non omnis eos. Rerum mollitia non veritatis molestiae qui.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”