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?
Did cava ipo
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.).