Haven’t seen a thread on group placement on this page yet so thought I’d kick it off… Current incoming IB summer analyst at JPM and group placement just started. Want to know the obvious question: what are the best groups at JPM? Heard M&A is top but wondering if there’s others I should consider given how competitive M&A is…
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M&A / HC usually most competitive , just depends on your preference
Does HC hold the pen to the model?
M&A does
How’s the LevFin group?
First year analyst here. If you are looking for the most actual deal experience/best exit opps, M&A is definitely the top group. Their culture has majorly improved over the last year and you own all the valuation work on live deals (except for comps). The highly regarded coverage groups are HC, M&C, C&R. FIG and DI both sweatshops and have seniors that will treat you like shit
Do you know what the return offer rates are like for c&r/tech/di?
C&R is always like 50% and they take more interns than they have spots for; don’t know about tech or DI
Tech usually takes as many interns as they have spots. past few years i believe they have taken 6-7 interns. I know in past two years two people have not gotten return offers. That being said ive heard they also put an emphasis on culture. don't care much about where you come from and what you think you know. care more about if you're someone they could see themselves working with and how much you like/know about the industry.
Does M&C do in house modeling? Any colors on Buy-Side recruiting?
Only do hc if you really like it because you will literally be working all day and night in that group. I also think business services can, REGAL, and P&R could be very underrated as well because they hold pen on models. DI and FIG have terrible cultures.
Interesting take.
HC is a top group and you'll get awesome deal reps on your resume. Yeah it can be sweaty, but that should be somewhat expected for a top group on wall street?
What is P&R? Havent heard of it. REGL is also a weird one to point out because its really only one to go to if you like real estate / gaming / lodging, you're stuck in there a bit in terms of exit opps/mobility, so the modelling point is kind of irrelevant.
Edit: Power & Renewables.
x
What are your thoughts on DI in terms of wlb and exits?
You can’t go wrong with any group as JPM has a strong franchise across all coverage areas. But to answer your question, the top groups are M&A and HC. If you want the most technical exposure, shoot for M&A as they hold pen on modeling except for niche projects with bespoke builds like insurance / infra. M&A significantly expanded headcount over the past half year, so mathematically the chances of placing in are higher than previous years.
M&A modeling is very good, not a good group tho if you want to go hedge fund out of ib, more geared to pe. HC yes very good but I don’t think people understand that you will literally be working till 3am compared to most others where you leave the desk at 11-12.
completely agreed - sector expertise you build in HC coverage group is unmatched and what hedge funds want, while across the bank, M&A best positions you for PE (except for HC specific PE, they still might favor HC coverage group). Other groups like FSG, tech, M&C also do decently well / MF achievable from there.
Do hedge funds not reach out to pure M&A bankers at all? (JPM/MS)
Thoughts on London groups?
Does everyone receive the group preference email or is it selective?
are you referring to the survey they sent out before the placement process started?
Im talking about the group preference survey post Hirevue and pre Superday invite. Sorry I was confused - thought that this thread was for 2026 SA. But in any case, would you know the answer to my question?
In my opinion: (not listed in order)
Largest class size: HC, DI, RIB, M&A
Best culture: Tech, FSG, RIB
Worst culture: Consumer, M&C, FIG
Best for PE exits: M&A, HC, FSG, M&C, FIG
Longest hours: HC, M&A, M&C, DI, FIG
Holds pen on model: M&A, HC, FSG, FIG
Most competitive placement process: M&A (fit + technical interview rounds), M&C (fit + technical interview rounds), HC (case study), FSG (fit + technical interview round + smallest class size)
Overall, you will be more than fine coming from most group exits-wise, so would try to prioritize groups that you fit best with since that can make or break the whole experience
Heard FSG doesn’t really hold pen at jpm, exits are solid but anybody have any input specifically on FSG.
Does HC actually hold the pen? Also heard there was a pretty big HC M&A subgroup not sure where they sit
Any idea what kind of case study in HC?
FSG doesn’t actually do anything; you can get solid exits but you don’t participate on sponsor sellsides in my experience except for being copied on outreach, M&A and coverage run everything
bruh lol FSG does 0 modeling except maybe “build” 270 models. M&A has record numbers of PD exceptions. There is no free lunch here
M&C does not hold pen on modeling? I think they do?
Does everyone get an update on M&A round one's or just ppl moving to round two?
Has anyone heard back from M&A?
Can anybody add color on the PE exits. Going through placement process right now and I feel like a lot of these perceptions of groups are outdated. For example, industrials hasn't had almost any mf placements recently. Same can be said for FSG, C&R, and M&C outside of a couple at TPG. If somebody could provide an updated perspective with some knowledge of recent exits from certain groups at JPM that would be great. Please PM me.
Just want to add that JPM had similar shares in oncycle placements as Moelis/Lazard despite 4x the class size. This suggests to me that the top exits are likely concentrated in the top 2/3 groups
Can anybody add color on the PE exits. Going through placement process right now and I feel like a lot of these perceptions of groups are outdated. For example, industrials hasn't had almost any mf/umm placements over the past few years. Same can be said for FSG, C&R, and Tech. If somebody can give an updated perspective with some knowledge of recent exits of past few years that would be great.
most of the kids i know last summer that chased for "future placements" hate their group and are not looking forward to returning. good luck tho bro
I know of one alum going to west coast MF Tech PE from the tech group. Current 2nd year
Has Healthcare released round 2/case study to anyone yet?
which group sponsors have reached out so far/who still hasn't? thanks!
Has anyone heard back after round 2 of healthcare?
how about M&A
Yes
No
Does anyone know when final placement results come out from HR?
Week of February 24th is what I heard
Thank you
If we haven't heard from HC after the case study is it fair to assume that we've been cut?
Has anyone heard from Consumer Retail sponsor? Also any insights on P&R?
haven't heard back from C&R yet
How is their sponsors M&A team - I know it is a pretty new team but they sit with M&A
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