JPM FIG Exits
how are the exits from this group especially when you cover the more unique verticals like banks/insurance, and would exits be better if you were at BOFA and in FIG covering fintech vertical? interning at BOFA in FIG and interviewing for JPM FIG FT analyst role
You're basically revealing your identity with your description, I would edit that.
nah theres a lot of us in FIG don't worry
Yeah but if anyone in JPM FIG sees this, there are only so many BAML summers recruiting there right now...
bump
Fintech has very nice opportunities and BofA is one of the main players in the market if not the largest player. Very global team with a very nice head of team that is usually helpful with its juniors.
JP FIG, on the other hand is also a pretty good opportunity but mainly focuses on insurance in Europe and banking in certain ME countries where its very strong.
I would take 9/10 days the BofA offer if you can secure Fintech, which can also help you to transition to TMT if you dont like FIG. If you cant secure it, it would depend on your nationality, as thats another main factor and both banks differ on their main geographical presence.
Lol, did you just read that they JPM recently announced a large banks deal in the middle east and come to that conclusion yourself? This really isn't how banks work. Each bank will have separate teams in Europe vs. North America.
Thanks for your detailed answer, but guess you are wrong...
I see that there is too little knowledge of how FIG works here as its pretty different from other sectors.
Usually there is a real "dominator" by region, as there as MDs tend to specialize in a specific country/region (there are usually some insurance specific MDs that support coverage tho) that are well-regarded and tend to do most deals in the region based on its credentials and knowledge. Thats why you will usually see large differences in country-specific league tables in different countries.
Its not about a released deal but the pipeline and bake offs that have happened in the last 6 months in the ME which, if nothing changes, will lead to new deals announced in the following 6-9 months
If you were working at any large FIG player you would know that a large portion of EMEA FIG fees from JP come from ME and that its a very interesting region with high-potential. Cant say more without going into specific potential deals or releasing insider information, but every FIG banker knows this
What are offer rates like / do interns usually return?
At BofA conversion rate tends to be lower than in some other groups as the work is quite more technical which leads to some people to not understand what they are doing in such a short period
That also means that it usually has quite a few spots for FT / Laterals
For summer associates too?
I've networked with previous people on the FIG team at JP and they hated it. Their complaints were long hours and mostly pitch work, and deals never closing.
i hear they place really well though
Can confirm - consistent MF / UMM placements for both generalist and FIG specific roles
I think that’s the strength of the individuals and not the group - though experience / deal flow is indeed solid
JPM FT interviews are out? guess I got dinged.
I talked to intern sponsors and they said FT interviews aren't out yet and they need to yield to HR for the headcount? Would you please tell me how was your interview process like? Thank you so much!
Does anyone know where interns who have summered there have gone FT if they didn’t return? Have found a few on LinkedIn (centerview, goldman, etc), but any PE FT?
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