JP Morgan Regional Investment Banking (RIB) Group

Hearing about this group for the first time after seeing a JPM LinkedIn post. Does anyone have any information on the group in terms of comp, exit opps, culture, and deal flow/size? Any information on what industries/sectors they are strong in would be greatly appreciated as well.

Also, the description mentions that the individual would "join the global Associate class in an Industry, Country Coverage or Product Team" - does this mean they have all the different groups within the RIB group/umbrella?

 
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JP Morgans middle market focused team. Similar to Goldman's CMG (cross markets group). Works on deals up to ~$2bn in EV. Mostly generalist / industry agnostic but some MDs probably have sectors they are more focused on. 

Hours are just as bad (if not worse) than traditional coverage/product groups, and pay is probably a little less too if I were to guess. Not sure what exit ops are like versus JPM IB more broadly, but outside of PE/hedge fund, name brand of the JPM IB is probably just as good. Only upshot of it versus traditional industry coverage groups is you probably work on more M&A (at least as % of deal work) given the flavor of deals in the MM (way less leveraged loans/high yield bonds, IPOs, EPPs for MM co vs large cap) and higher concentration of Sponsor deals (again, flavor off the middle market) if thats your thing. Would probably still take a coverage or product group over it, but still think all in a better option than other MM boutiques (i.e. JPM coverage/product > JPM RIB > Blair, HL, Baird, etc.).

 

Adding on to what others have said - 

Like was previously mentioned, RIB is focused more on mid market sized clients, however, given JPM’s platform, the clients still end up being pretty large themselves. RIB recently was lead left on the Cava IPO and has done upwards of $2 billion IPOs too.

Historically, the RIB group actually spun out of M&A and was meant as a way for JPM to penetrate the untapped middle market across all industries (so you can work on HC, Tech, C&R, etc. deals which is pretty cool) — it has since been super successful and has been one of the top performing groups within JPM coverage. Other banks (e.g., Goldman, BoA) have tried to replicate the middle market strategy but TBH haven't been as successful. Good blend of M&A and financing experience as a result.

Group culture is pretty solid - juniors are really collaborative and down to earth, though it's definitely work hard play hard. Heard there's a ~40% (?) retention rate for A2A, and there aren't many (if any) MBA associate hires as a result. That said, exits are always a possibility, with folks having gone to buyside shops like L Catterton, Onex, SBJ, etc.

You also get to work cross-office with other RIB offices (e.g., LA, Dallas), and many associates have moved to other regional offices (e.g., Charlotte, etc.) after their analyst years in NYC.

 

Nothing yet I applied right when it posted. At this point I’m assuming will hear something by the end of next week.

 
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RIB people are mad chill and can drink a lot of beer

 

Same seems like a dead end but ehh what else can you do.

 

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