anyone have any recent info into exits/WLB/etc. into this group? know it used to part of TMT and is considered a top group at the bank but curious to hear people's opinions about where it stands relative to other groups
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Ah, the Media & Communications group at JPM, a classic inquiry! While I don't have the specific 2024 details on hand, I can swing from the vines of previous WSO threads to give you a general idea based on historical data:
Exits: Historically, JPM's Media & Communications group has been known for solid exit opportunities, especially into Private Equity. Given its reputation, it's likely that the trend has continued into 2024. The group's strong deal flow and exposure to high-profile transactions typically make for an attractive resume to PE firms.
Work-Life Balance (WLB): As with most top groups in investment banking, the WLB can be intense. The group's success often translates into a demanding schedule, but JPM has been known to implement policies aimed at improving junior banker experience. It's worth checking the most recent threads or reaching out to current employees for the latest.
Prestige and Comparison: Traditionally, Media & Communications has been considered a top group within JPM, often compared favorably to other elite groups at the bank and on the Street. It's likely still a strong player, but for the most up-to-date standing, tapping into the current sentiment on the forums or networking with industry insiders would be your best bet.
For the freshest scoop, I'd recommend doing a little detective work on the WSO forums or networking with current JPM employees. They'll have the juiciest, most current bananas—I mean, information.
Sources: JPM London: Horror Stories on Junior Staff Cuts, JPM vs EB?, JPM Tech Group NY (2023), JPM in 2020, What's going on at JPM?
bumping
bump
bump
Bump
Sweaty AF alot of analysts and associates burn out of the group
be warned return offer rates were absolutely brutal for this group
was this recent? i saw someone mention 8/11 got returns on another thread but not sure which year
They purposefully make it 8/11, so beware if ur an incoming intern. Every year is going to be 8/11.
this past class of SA cut really qualified, really hardworking interns
how do exits compare to FIG?
In my experience, both groups. For tech specifically I've seen strong exits out of both (especially out of FIG's Fintech, Wealth & Asset Management vertical), but obviously M&C will be more geared toward this if that's your thing. Otherwise very strong exits typically out of both teams. That being said, if you want to aim for both a great group to have on the resume and slightly more WLB, I'd go for M&C. FIG tends to be very intense even when there's little deal flow.
Don’t let the prestige or comments about this team fool you, super sweaty, political and arguably very toxic. Hard working interns and summer associates get staffed on nightmare accounts working until 5am every night, receive positive feedback throughout the whole summer to get screwed. No senior exposure and micromanaged by select few associates and VPs.
Do you have any additional insights? I keep seeing new postings from this team on a regular basis which suggests people leaving. On the other hand, my experience matches the sector so trying to understand if it’s worth it, especially for an associate position
If you don't get a return offer, you can either A) reflect on what you could have done better, solicit real feedback and try your best to implement in your next role or B) complain anonymously online every chance you get about how it was unfair, political, etc. the group is
Seems to me like the group made the right decision here with you. Reality is that no group who is busy and has plenty of deal flow is going to turn down an analyst who provides leverage, has a great attitude and is a strong contributor.
Ignore title. Know people at firm and they say the same
Whats life like on this team as a senior associate and then as a VP? Does WLB significantly improve? What are the hours like?
wlb doesn't improve as VP
very sweaty with multiple juniors quitting with nothing lined up. overall good exits to MFs.
My friends that went through that group make it sound like a death sentence. I'm at JPM and its notoriously the most toxic group, and for no reason. Even my product group friends say they are even "hostile" whatever that means. A lot of sweaty groups here, but that one is different
Am considering joining this group as a VP, but the consensus from all my sources is the below. Can anyone give me some positives for joining?
“Why would anyone join this group at the VP level? You’ll just get burnt out and wont be compensated anything like you can make at the EBs.”
“Theres a reason there are always job postings for this group”
Bump
Heard stories from summer analyst this past summer, and it sounds absolutely BRUTAL.
Tbf most JPM groups sound like absolute ass. Company also cheap af as well and hella butthurt about buyside recruiting.
The head of the group seems like a chill guy [insert meme]
Just here to add another datapoint confirming all the above - sweaty, toxic, face-timey, and shitty bonuses
^ !!
.
What??? Do we work with the same M&C??? 8 pm is a joke …. (Currently An1 in JPM product group as well)
Yeah I’ve shared a floor with the team 8pm is cap asf lol.
.
One of the most toxic corporate environments I've been a part of and they have no where near the deal flow and presence this forum makes it seem. They are maybe on 10% of all high profile deals mostly due to brand name, with the sexiest ones going to the likes of Raine, Allen, LionTree, GS, Centerview, Moelis and Evercore. They are also a pitching machine with micromanagers from top down which leads to long nights, uninteresting work (the number of acquisition profiles I made in a "top" JPM group was shocking). There are a few good cookies in there and a few interesting deals. But a bunch of weirdos. Turnover is high, face time culture is high, false sense of prestige and trying to convince themselves they are a top group in the M&C space (they are not). IB is being a financial marketing professional. Understand if that is the type of work you want to be doing. They don't really "advise". Verizon does not need to be told to acquire Frontier. Maybe just what the comps are you pulled down directly from FactSet because your firm is paying for a license.
And billionaires who bootstrapped their companies into multibillion dollar enterprises don't need "advice" from a suit who never actually created any value like they did. However they do need to show they hired "advisors" so their shareholders and governance boards feel warm and fuzzy.
That being said, you make it out of there alive, you will be a machine in any other role you take on.
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