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I guess JPM is doing group specific FT recruiting? No news on other groups?
All of those mid-tier FIG groups are solid (most FIG teams are pretty good because of the amount of deal flow FIG as a sector gets. However, JPM is considered a top FIG shop on the street below just GS and possibly Lazard, and you'll likely get better looks from JPM. I'd like to caveat that FIG is a pigenhole, as mentioned by others on this site, but it is comparatively easier to go to a generalist shop with a FIG practice since it is arguably harder to transfer into FIG than out of it. It is also possible to do generalist recruiting but that takes a lot of effort and at least a little luck (but I have seen it done). If you really like your group though, don't leave. JPM FIG is reputed to be a sweatshop with a tough culture, and in all honesty exit ops are less about group and more about you, so if you'd like to enjoy your life somewhat for two years go to the group you get along with people the best
It doesn’t really impact your conclusion, but it’s not really accurate to say that Lazard FIG is any better than Evercore, PJT, Centerview or Ardea at this point.
Similarly, MS is at worst on par with JPM.
JPM FIG is a good group. It is "better" than the other FIG groups you mentioned and the exits have been solid (including non-FIG roles). That being said, I have heard terrible things about the culture (and lifestyle) from two friends who had worked in the group (and both exited to non-FIG PE). If you really like your current group, it might be worth staying. JPM name may help slightly with landing interviews but nabbing offers will largely come down to individual ability.
Do you know how many FT offers JPMFIG has extended?
.
I know someone who works there (associate) and when I last spoke with him he said the group does not have a terrible culture the way everyone here describes it, although I do think they work very hard and the hours aren't great compared to other FIG groups or other groups within JPM. If I were in my senior year and I were in your situation, I would take JPM FIG without a doubt. But after two years in banking I've realized how important fit and culture really has been in making me a successful and (somewhat) happy analyst and also lucked out and found an exit opp I'm really excited about. Try to dig a little more into what the team at JPM is like and if you can picture yourself there.
With that said, if you are 100% certain PE is right for you and want to best position yourself for recruiting, I would take JPM FIG.
OP here thanks for that, it's even tougher to see how well I mesh with my current group with the virtual environment, do you know if the JPM analyst team is very tight-knit?
sorry, not a question i'm really capable of answering. I would assume yes to some degree since you're working side-by-side for extended periods of time but don't know anything about the group of analysts specifically in that group. half of them will be gone by the time you start anyways
what type of school do u go to?
nontarget
Thought JPM FIG hasn't even started FT recruiting. OP, do you actually have an offer?
have offer
Thought JPM is only extending return offer to SA this Friday? So they already finished FT recruiting before giving S.A. offers?
OP, could you PM me regarding JPM FIG?
Hi there! I am an intern at JPM Markets this year and very interested in FIG, but when I talked to intern sponsors they said they won't start FT recruiting after getting responses from summer class this year. May I ask you what was your interview process like?
If you’re dead set on PE would definitely go to JPM. FIG beyond the top few shops (GS/MS/JPM) drops off significantly in terms of exits and ends up pigeon-holing you a fair amount. Know a number of Barclays and CS former FIG analysts who weren’t able to land buy side offers and have become IB associates. JPM FIG culture isn’t meant to be great, but the exits will be meaningfully better and it is one of the only FIG groups that will open up the possibility of strong generalist roles as well. For what it’s worth and not sure of the reason for this, but the culture sucks at all FIG groups - GS, MS, CS and JPM all amongst their worst, not sure on the others.
Just curious, I am in CS/Barclays FIG this summer. Would you say the group itself pigeonholed the analysts or was it the candidates themselves? I'm 50/50 on doing PE recruitment versus staying in banking and there's also FIG PE plus I really like the group. What are your thoughts on this?
Impossible to say without having been a fly on the wall in their interviews / head hunter meetings, but generally smart / well spoken people from good schools as well. PE and particularly FIG PE is possible from pretty much any FIG BB group, just easier at some compared to others. In these sorts of groups you’ll often see a portion of the class recruit unsuccessfully or broaden the type of roles they look at (lateral IB to boutiques, internal moves, more middle market / LMM focus PE, fund of funds, etc)
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