JPM SA Corporate Banking to FT Investment Banking?
Recently accepted an offer for JPM's Corporate Client Banking SA program in one of their regional offices (my group is diversified industries), but want to make the switch to NYC IB for FT — mainly due to housing (my brother works in IB at NYC which would be a lot more convenient) and long-term career goals (want to eventually end up in PE). Has anyone gone through this process? I know FT recruiting is pretty difficult and I heard that JPM has great mobility, but this usually occurs in the 2nd or 3rd year. What are my best options/your best suggestions? Should I try to make the switch within JPM, or look for FT roles elsewhere? Thank you!
Couple ideas:
Assuming you’re a junior, you could try to get a spring IB internship at a regional boutique by networking with alum.
Then you could decline a return offer from JPM (if you were to get it) and then re-recruit for full time roles. You could say you enjoyed the IB internship more than corporate banking - that would be a good pitch for full time recruiting.
That said, there’s no promise you would be able to get into a BB for FT IB so maybe it would be with a MM firm, which still has great comp and exit opps.
I can’t speak enough on internal mobility, maybe network with people who have made the switch from CIB to IB and ask them what the process was like. Best of luck
I have no idea what
Thanks for this advice! I do have a spring IB internship planned with a local boutique (really small though, only around 100 followers on linkedin) and I’m going to try to apply for my school’s investment fund. Not sure if either of these will make a big impact but it’s worth trying haha.
Do you know of any firms that typically take more FT analysts than others?
Nice, that’s a good play. You should be in good shape with the spring IB internship and student investment fund. Then remember that networking will be very important from there.
Tbh, I don’t know which firms hire more for full-time. It always depends on the year. For instance, there was way less hiring this year due to covid. Next year could be different. Will be important for you to stay in touch with hiring managers, analysts, VPs, MDs etc to hear if there will be hires.
How long did it take for you to hear back after your Superday?
i had my superday on a friday and heard back the following tuesday
I just had mine this past Friday and have not heard back yet (Wednesday night), would you say it’s more than likely I got rejected?
I went through the FT recruitment process. Went from ST to IB. I think I accepted by ST SA offer with the understanding that it would be relatively seamless to jump from my ST BB to its IB division. It's not. Most firms don't have an official pipeline, and VERY few people actually do make that jump within the same BB and through some backdoor process. You should go into it understanding you are basically going to completely re-recruit again, even if it's for JPM IBD.
thanks for the insight. how far in advance did you start networking for the FT IB role? any tips or suggestions for FT IB recruiting?
I knew I wouldn't accept the return offer even before starting my SA. I accepted my SA offer very early my Sophomore year - I was being an idiot accepting my first offer. So I was networking around June. Looking back, that was probably a month too early, but better early than late in this case. For FT IB, it was very difficult this year bc none of the BB's were open, so positions were very sparse. Generally though, the same rules all apply. But they do expect you to know a bit more technicals.
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