I have the possibility of joining one of the following groups at JP Morgan in London:
M&A
FIG
Natural Resources
Industrials
TMT
I'd be very interested in getting any feedback from someone who might have insight into:
+work hours (I'm guessing FIG might have the longest)
+amount of modeling done
+responsibility early on (I hear the M&A team is pretty young)
+transferrable skills for a non-banking position later on (think Capital Markets, this might be the same for all groups though)
+size of the group (balance between Senior and Junior people)
+anything else that might be helpful in getting a better understanding of them
Thanks in advance!
im confused, is this for full-time or summer analyst?
the choices for summer analyst are:
Advisory- nat resources, healthcare, industrials, etc FIG Fin Sponsors ECM DCM Ratings Advisory Structured Finance
Neither. It's for an off-cycle internship.
bump
There is no M&A group in London, so i guess this refers to a country coverage team like UK M&A (Cazenove). You're lucky, cause all the groups you mentioned are very strong. While Nat Res is clear No 1 on the street, TMT and Industrials are large teams with a lot of juniors and fellow interns, which you should see as a plus. Seriously, don't worry about responsibility early on.. They all have long hours but UK M&A is said to have fair weekend policies due their Cazenove roots.. Choose according to your interest. But be aware that you could be put in a sub-team, e.g. you choose Industrials and are placed into metals&mining or aerospace&defense, which might or might not be in your interest.
False
nope smartass, all I wrote is correct. The team you are probably talking about is UK M&A (ex Cazenove) and is a country coverage M&A execution team like the Benelux desk etc.
Why no Leveraged Finance?
Be warned, IBD at JPM in London is a complete sweatshop. Its a great company to work for prestige wise, but you will get your ass kicked.
As far as I know, Peter is correct. The only strict M&A group is UK M&A. The rest of the groups are more or less:
EMEA advisory (TMT, consumer, industrials, etc), UK advisory (same subgroups more or less), DCM, ECM, LevFin, ratings advisory and social finance. FIG and Sponsors are subgroups within the EMEA and UK advisory groups.
No, you are not correct. Pan-European M&A group has been recently created (Caz retained its own M&A group as well). Coming back to the initial questions, all teams you menitoned are strong, so you choose based on your industry/product preferences. Natural Resources has arguably the best hours, while TMT is believed to have the worst work-life balance. Since M&A team is a new intitative, it may be a bit risky, but many top bankers joined this team so it should be strong going forward.
No, you are not correct. Pan-European M&A group has been recently created (Caz retained its own M&A group as well). Coming back to the initial questions, all teams you menitoned are strong, so you choose based on your industry/product preferences. Natural Resources has arguably the best hours, while TMT is believed to have the worst work-life balance. Since M&A team is a new intitative, it may be a bit risky, but many top bankers joined this team so it should be strong going forward.
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Best Groups JP Morgan London (Originally Posted: 12/23/2009)
Does anyone know what the best groups at JP Morgan in London are? There has been a lot of talk about JPM, but not about London. I know Cazenove is well regarded in the UK. Anyone have any thoughts on future opportunities, culture, and dealflow?
thoughts?
JPM and JPMC are fairly different (are in different buildings). If it's JPM then CMO, M&A are really good. Telcos are also not bad. If it's JPMC then all teams are pretty good, but Consumer Retail and Healthcare are good, as are Industrials.
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