JPM CIB Risk Division Placement
Hi guys,
Just got a SA offer for JPM's CIB Risk division. There seems to be a placement process for the different divisions in the risk department. Had a few questions before I accept the offer:
1) What are some of the better types of Risk Management divisions to go into? Especially for career advancement (if I want to go into IB/AWM, etc.)
2) The position's in Plano-- what is the sort of work environment like, if anybody could speak to that? What teams have better culture, and, I suppose as I mentioned before, would have better opportunities for further advancement, if I wanted to switch into something else within the bank? What are my opportunities like if I want to switch into other locations in the future (New York, California, etc.)
3) What are the SA -> full time offer scenes like? Is it hard to get? Would I only have to just perform well and not mess up during my internship?
Thanks for the insight guys. New to the industry so I'm a bit curious of what the landscape is like.
Bump
Bump
Aha! Finally a thread I feel semi qualified to comment on.
I worked a couple of different risk management type jobs before moving to FO (currently macro research at BB).
Not sure exactly what the risk divisions you're looking at are, but very generally speaking the type of risk you manage impacts what types of FO you can lateral to down the line. If its more of an underwriting/credit risk situation, you'll be a better fit for banking down the line. If its a market/macro or more statistically oriented risk role, you'll be a better fit for quant, S&T, macro research etc.
Lateraling could be an uphill battle though. Especially to more prestige whore-y roles like banking. They care a lot about pedigree and background. S&T, research, etc tend to be more scrappy with a "can you do the job" attitude.
If you do want to lateral to FO, there's a million and a half people trying to do the same thing. Figure out what makes you different and focus on it.
I did this internship last summer. PM if interested
Just Pm u
1.) I'm assuming credit risk because you'll be in Plano. Leveraged Credits/Special Credits for IB. These groups have more modeling exposure than other groups. If you do investment-grade credit you will mostly do annual reviews and have little to no modeling exposure. Go for the high-yield/riskier groups.
2.) The Plano office is laid back and the people are really nice but obviously it depends on the group you are in. The NYC office is more intense even for risk. The HF group is known to be the sweatiest but definitely not IB sweaty. Most people from all groups are probably out of the office by 6 or 7 and do a little work from home. I would focus on doing well during the internship and networking throughout the bank but not too much because you don't want to give your group the wrong impression. It is really hard to move to NYC but it has been done before. Honestly, you might love Plano/risk so just go in with an open mind, learn as much as you can, and try to enjoy the experience. Overall great job compared to most jobs your peers will take after university. Plano is nice and cheaper than other finance cities.
3.) Not sure what the conversion numbers were but I know they really needed people last summer I think we'll have to see what happens in 2023 but usually interns are ok from what I know.
Hope this helps! To clarify, this post is about the Plano office.
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If I was working to 1am in risk not sure I’d be happy
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