Investment Analyst - GE Capital or Mid-Corporate Banking at JPM
Hi all,
My on campus recruiting starts soon and there are only a few interesting positions posted. I would like to hear you guys' opinion on it.I realize these are not ibanking gigs. But I dunno where to post it, so please help.
GE Capital is offering a 2 year rotational Investment Analyst Program. Is anyone familiar with the program? Is working for GE reputable? What kind of career development does this have on a fresh undergrad?
How do you value Mid-Corporate Banking analyst position at JPMorgan? Description says they cater to institutions with revenues 500m-2b. Is this position mid-office work at the bank?
WHich of the above would you guys prefer in terms of compensation, hours, exit opportunities and skillset development?
Thanks a lot, I'd appreciate all inputs.
Depends what you want to do.
The JPMorgan job is essentially Commercial Banking. Do a search on Commercial Banking careers and see what comes up. Count on good hours, pretty decent pay (probably higher than the GE job), and decent progression. However, exit opps will be average at best (you won't have a shot at H/S/W business schools, but should be fine for the rest. And no PE/HF firms will look at you). Your best case exit opp would probably be to JPM IBD.
I'm not familiar with the skillset you'll develop at the GE role. However, I can tell you that the GE name is golden for business schools. 2-3 years of solid performance at GE + top grades at a good undergrad + high GMAT + good extracurriculars is almost a sure shot into HBS, Wharton, or Stanford.
Do you want to work for 2-3 years and then go to B-School? Take the GE job.
Do you want to work for 4-5 years and then go to B-School? I'd say take the JPMorgan job.
Do you want to exit to a prestigous buyside firm? Neither gig will get you there. However, the JPM job may allow you to lateral to JPM Investment Banking if you network right.
Thanks for the reply patek. Below are more details on both positions:
GE Investment Analyst:
"GE Capital Americas provides an array of financing solutions to corporate and middle market customers involved in acquisitions, buyouts, refinancings, and recapitalizations. Products include working capital lines, term loans, growth capital, capital expenditure lines, debtor-in-possession lines, plan of reorganization financings, and securitization. Capital Americas consists of customer-focused business segments, with over $35 billion in assets employing a diverse and talented team of professionals around the world.
Position Description: - The Investment Analyst works in conjunction with In-Charge Analysts and staff members in completing field examinations of existing and prospective Capital Americas clients to: - Analyze, understand and report on a client's Operations, Financing, Marketing, Accounting, competitive advantages, industry, etc. - Recommend solutions to mitigate risk. - Represent Capital Americas in the field."
JPM Mid-Corporate Banking:
"This innovative two and a half year program is designed to develop your ability to understand and offer commercial banking services to clients whose annual revenue ranges from $500 million to $2 billion. Upon completion of the training program, you will become an integral member of a deal team, working with professionals across the business as you develop client relationships and structure complex financial transactions.
We offer both regionally based corporate banking groups as well as industry focused teams. After the completion of training, you will join your assigned group and begin your tenure as an analyst. Responsibilities of a Mid-Corporate Banking analyst include credit and financial analysis, financial modeling, pitch book development, researching industries and markets and drafting transaction approval packages."
JPM position is considered mid-office right? While GE position seems front office. GE position only offers Chicago and Connecticut locations.
I'd take GE, bust my balls, and aim for a top 5 bschool.
Why does GE bear such value on the resume? Even more so than JPMorgan?
Anyone know entry compensation level for either of the careers?
Thanks for all the inputs!
I applied to and interviewed for the GE IAP job in Chicago. Unfortunately they didn't need any analysts last year so they stopped recruitment. The starting salary I believe was b/t $50-55k.
Since recruiting is just starting, don't worry about choosing one or the other yet. That's if/when you get both offers. I would say for now, apply to both for sure. It can't hurt since neither seems to be a bad position, so don't rule out any yet even if they might not be your first choice. See if you get interviews with them and attend corporate events. You will definitely learn more about them as you move through the process and speak with people there. I can only speak about my interview experiences with GE FMP (the rotational program), but unfortunately know nothing about the investment analyst job with GE Capital. JPM also recruited for the mid-corporate banking, and the impression I got was that it's more commercial banking with a focus on credit/risk analysis.
JackDonaghy:
From your interview for the position, what did the job seem to entail in terms of skillset built and career development offered?
From what I gathered, you basically are doing asset-based lending. It is very travel-based (think 75% of your time traveling). You basically work with excel models to determine the financial risk of a company that wants a loan from GE. You learn a lot about commercial lending and after the program is over you can either stay with GE or go elsewhere in the commercial lending space.
I wish I could be more help, but this is basically the scope of my knowledge. I had one interview last year and then they cancelled recruiting for 09.
thanks, JackDonaghy.
Seeking further advice. Bump.
Did anyone get into this program?
If you're interesting in investing, then do investing. GE Capital won't land you a prestigious buy-side gig after less than two years, but if you stick with it and work up to mid-senior level, it's about your track record more than anything else. GS SSG hired a Director from GE Capital within the last year if my memory serves me correctly.
Do JPM if you want a laid-back job. You could theoretically network into investment banking, but my intuition is that there would be an easier transition from GE to investment banking in general than there would be from JPM commercial backing.
-Advisor
Advisor Prime Academic & Corporate Interview Prep elitecollegeandinterviewprep.blogspot.com
With whoever said you couldn't go to HBS if you took the JPM job...just goes to show you how many people talk out of their ass here sometimes: not that the majority of advice is good, but I know 3 alumni from my school that have gone to HBS from that same program at JPM. One is currently enrolled in the MBA/Kennedy School duel degree. Every situation is unique.
is that the program at harvard where the MBA students hit the kennedy students in the face with leather gloves?
lol, nice catch.
How would the GE IAP position compare with a PWC Financial Instrument & Credit Group (structured finance) position? Pay is irrelevant.
I just want to see which of the two offers better opportunity for top MBA or possible lateral to IB.
Thanks a lot!
just a random question
do GE IAP analysts get the same exit ops to pre-mba PE positions?
bump!! advice appreciated!
bump!!
Voluptatibus consequatur aut necessitatibus unde molestiae enim. Consequatur quo eaque quia repudiandae consequatur magnam autem. Distinctio omnis maiores omnis suscipit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...