Hi all,
Does anyone have any insight into JPMorgan's EPRM group?
Culture, working hours, exits etc? How competitive are they compared to other energy groups on the street?
I would appreciate any insight.
Thanks
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Based on the most helpful WSO content, JPMorgan's Energy group, while not the very top on the street, is still considered good, especially in the context of Houston Energy. It's a tier below the top players like Jefferies, Evercore, and Barclays, but it's important to note that having a balance sheet and being able to make top-tier capital commitments in Energy is key. This is because the Energy sector is very capital intensive, and companies value the capital support for corporate M&A, which will likely need a financing package. An example of JPMorgan's involvement in significant deals is the Chevron/Noble deal.
In terms of culture, working hours, and exits, the specific details for JPMorgan's EPRM group weren't directly mentioned in the context provided. However, it's generally understood across investment banking, especially in sectors like Energy, that working hours can be long, often ranging from 70-100 hours a week. The culture and exit opportunities can vary significantly, not just from firm to firm but also within different groups at the same firm.
For competitive comparison, while JPMorgan is strong, the context suggests that there are other groups on the street considered to be at the top for Energy, specifically in Houston. Firms like Jefferies, Evercore, and Barclays were mentioned as being a tier above JPM in this sector.
For anyone looking into JPMorgan's EPRM group or similar groups, it's crucial to consider not just the reputation and deal flow but also how well you align with the group's culture and the kind of work-life balance you're seeking. Networking with current or former employees and gathering as much information as possible will be key to making an informed decision.
Sources: Top Groups at JPM?, Houston Energy IB Rankings?, What are the best groups for JPM?, Is Prestige Really All That Important?, JPMorgan ER vs Wells Fargo Investment Banking
I think the group includes New York and Houston. I'e heard horror storries from friends in both groups.
You can go look up the threads about JP in Texas. In NY i've heard the culture is taken down by super face time culture, like the MDs are in the office all day.
Can you elaborate on the horror stories?
Do you mean the culture is better or worse because of the FaceTime in the NY office
Have read similar stories about New York / Houston. But not sure how much you can transfer it to London considering that the teams are run very separately as far as I am concerned. Different management, client base, etc.
No first-hand insights though...
One of the worst cultures in Houston. Hours are very rough
The group is split between 3 regions: Houston (Energy), New York (Power & Renewables), and Canada (includes mining/oil and gas).
The Houston team has some other threads you can reference and I don’t know much about Canada.
The New York team is a pretty busy team which is good for learning but the facetime culture mentioned in the other comment is real. Senior MDs working in the office past midnight, burning the team on marketing decks among other things. The New York team covers power companies, clean technology companies and also utilities. I’ve heard that you can’t specialize as a junior so you’ll have to work across all of those sectors on the team.
bump
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