JPM P&U

Based on the most helpful WSO content, the lateral interview process for JPM (Power & Utilities or other groups) typically includes multiple stages, which may vary depending on the team and role. Here's a breakdown:

1. Interview Rounds:

   • Phone Screen: Often includes a mix of behavioral and technical questions. For example, you might be asked about your deal experience, why you want to join JPM, and how your background aligns with the role.
   • Superday: This can involve interviews with multiple team members, including Associates, VPs, Directors, and MDs. Questions often focus on deal experience, behavioral aspects, and technical knowledge.

2. Case Study / Modeling Test:

   • The modeling test is a key component of the process. It may include tasks such as:
     • Building a DCF model.
     • Performing accretion/dilution analysis.
     • Working on LBO models or other financial models relevant to the role.
   • Candidates are typically given a prompt and a set amount of time (e.g., 1-3 hours) to complete the test. Afterward, there may be a debrief session where you explain your approach and results.

3. Preparation Tips:

   • Familiarize yourself with valuation multiples like EV/EBITDA, EV/Sales, and EBITDA margins.
   • Review the M&I interview guide and basic modeling courses, as these are often sufficient for preparation.
   • Be ready to discuss your deal experience in detail, as this is a significant focus in lateral interviews.

If you're targeting JPM's P&U group specifically, ensure you understand the nuances of the sector, such as regulatory impacts, capital-intensive projects, and industry-specific valuation methods.

Sources: J.P. Morgan - Video Interview Invitation Corporate & Investment Banking Summer Analyst, , JP Morgan HireVue Actual Interview Questions for Online Interview, How to prepare for an assessment center?, My Path - MBA Banking Associate to PE