I am joining JPM this summer and with placement coming I was wondering if anybody would have insight on the culture of some of the top groups (hours, vibe…) I have already seen a lot about FIG, but what about other groups like HC, M&C, LevFin, and C&R? Thank you for any input
| +178 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 31 | 6h |
| +165 | Leaked Interview Questions to Recruiting Services | 62 | 2h |
| +164 | UBS Tech layoff | 52 | 3d |
| +149 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 31 | 2d |
| +65 | How do YOU manage networking requests? | 20 | 21h |
| +61 | Are target prospects getting dumber? | 27 | 2d |
| +34 | MBB Pay Raises | 26 | 3d |
| +27 | Career Crossroads | 5 | 2h |
| +22 | US 2027 SA IB worried about background check | 8 | 7h |
| +22 | Investment Banking is Divine | 5 | 4h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
In terms of hours C&R and Healthcare are among the highest with analysts averaging 80+ hours per week on a consistent basis.
FIG and M&C analysts average in the 70s with a bit of variation depending on the week.
SLF is probably a bit less
do you have insights on FIG, the people i spoke with seems nice but on wso they get shit on, and hows the return rate for the FIG group
Not the original poster, but I've been with the group for a while now and am happy to answer questions if you PM me.
I was a bit surprised and disappointed to read some of the things posted as I've enjoyed my time in the group. Would encourage you to speak with former analysts and associates if you have concerns, ideally those who have left within the last year or two. They'll give you an honest perspective and provide greater color vs. some of the anonymous comments you've seen online.
Lol I’m in M&C, I assure you I haven’t seen a 70 hour week in months. We’re so understaffed and have had so much turnover in recent months.
u guys hiring? im at a BAML/Citi/Barc/CS looking to change industry groups
Two people have left in the last 5 months, while more have joined in the same period
Energy in Houston is sweaty af. My roommate didn't have a week under 80 hrs for months
M&C doesn’t average 70 lol
Real estate has great culture- have a friend in the group
One up this - have heard the real estate group has a great culture / deal flow
HC, M&A, Tech are brutal. You will get worked extremely hard.
Most groups at JPM are rough and hours will not be easy, along with having no Saturday off policy. Contrary to the post above, C&R is known as one of the weaker and more relaxed groups at the bank
Do not join M&C. Will lose out to GS/LionTree more often than not and that transforms into seniors grinding the juniors even more.
Source: I'm in the group. Was not a fun time after Amazon/MGM was announced
Adding onto this, the hours can be brutal depending on which deals you're staffed on. It seemed to be the same people left on the floor pulling 80-100+ hours. Crazy to see a couple of meetings still going on from 2-4 am. Considering how rigorous M&C is, the group is underrated.
Are the pe exits good though
Last few years have included Bain, Warburg, Centerbridge, Apollo, New Mountain, General Atlantic, Onex, Eurazeo, Harvest etc
are you guys mostly back in the office or working remote?
Any info on the JPM Power & Renewables group (nyc) ?
Limited connections to the group, but seems like pretty good culture. Think hours are about what you’d expect for JPM, but recently promoted extremely young MD has really helped the culture top down from what I hear.
Can confirm. Good culture and young senior team. Likes facetime though
Thoughts on RIB?
For a coverage group at JPM, great culture and less sweaty. Culture flows down and seniors respect vacation / pencils down / protected weekends. Focus on m&a but typically do not receive an m&a team staffing on projects.
Thanks for the insight - could you elaborate on your last sentence, as well as whether how exits compare to other groups?
Most underrated JPM group
Group doesn’t get much recognition on this website, but at JPM it has a solid reputation. Effectively a coverage group that does its own execution. Heard the culture is great in part b/c seniors are in the regional offices and juniors are in NYC.
Meh, feel like the seniors in this group have zero content outside of industrials / consumer and heavily rely on coverage bankers.
Hi, I have a superday for RIB, was wondering if I could PM you to ask you some questions about the group/what analyst responsibilities entail
How about the culture and hours of Levfin?
anybody have any insight on this?
JPM in general pretty sweaty across the board for a BB. Only get one protected weekend per quarter and Saturday’s are not protected. WFH isn’t as big at the firm as other banks either, my group goes in 5x a week. Most join JPM more so for brand name than culture or comp.
at JPM and agree with this, quite sweaty - culture as gotten better i guess since pencil's down is generally respected but yeah weekends less haha.. and even though you get one protected weekend per quarter sometimes ur not even expected to take it or even if u take it its not respected when something comes up (which always does lol)
How is CRB? Been hard to get people on the phone..
yeah its impossible
Not if u go to certain schools its not, just like at most good IB groups
I work at JPM and have no idea what CRB is so I can't even answer this or explain why they're non responsive. What group is this
consumer retail & business services. i think they recently changed their name haha
How’s SPG?
Exit opps for DI?
Anyone else here getting multiple outreach emails from DI?
Haven't, but I've already spoken with a handful of ppl in the group-- do u think they're reaching out to ppl who haven't reached out yet?
That would be my guess. What did you think about the group?
What top groups are most and least responsive to outreach?
.
Anyone have insight into their fixed income research or rates trading desk?
How’s FSG placement?
Bump. Does anyone have current info on the group? Would a traditional coverage group like C+R/Tech be better for a more broad experience of skills?
This year had 1x MF, 2x brand-name growth (IVP / GA / TA etc.), 1x UMM, 1x industry-focused MM
Anecdotally, had a friend who was in HC. He was a top bucket guy and got more and more work placed on his desk under the facade of "you're killing it and have a strong future here so you should work on xyz". He eventually got so miserable that he asked the PE firm he was going to if they would be okay if he left his analyst program 8 months early, which they okay'd. So he left immediately. He said the people were neither that great nor were they terrible.
when do you know (90% certain) that you are getting into a given group? once you get to speak w the sponsors themselves?
depends heavily on group. which ones specifically? I've asked around and ik for some, they'll explicitly tell u
industrials, m&a, tech, hc, consumer - thanks!
Keep in mind that you don't KNOW until you get the actual official group placements. It happens every year at every bank, even with an explicit nod from the sponsor.
do u know usually why this happens? like does the sponsor not rank u as they said they would, or is it on HR's end?
how many people do you have to speak with in a group to get them to rank you high? i've spoken with 6 people in my top group but i heard some people have spoken with 10+
It's not just about how many people you speak with, it's also about our impression of you. If I had to choose between a kid who spoke with everyone in our group and gave off a meh impression vs a kid I didn't personally get to speak with but heard great things about from the people who did speak to him, I'd go with the latter any day.
gotcha so do you have to rate the candidate or do a write up and send it to the intern sponsor or something? like how does it work on the other side
Has anyone done the hc case study?
Did you receive one?
Not yet wondering when they will be sent
What is this case study? I have a FT super day with HC coming up and am wondering what to expect.
any updates on m&a??
like u mean after the interviews?
yeah, anything since first round of interviews?
bump
Got the superday invite for February 11th.
does anyone know what the m&c process is looking like rn?
It doesn't seemed to be super structured like M&A, I've just been talking with a bunch of people. How are you doing it?
ok, yeah same-- similar approach
Anyone know how many ppl got the HC case?
If an intern sponsor for a competitive group says he'll rank me high, should i take that with a grain of salt?
When did they tell you
like endish of last week
They typically get really squirrelly (and sometimes outright lie) with the language so make sure you get a meaningful commitment. If they want someone, there will be very explicit conversations and they will make it clear.
"We're ranking you top" would be one of many ways they could communicate this. I'm not sure i would take "high" with much conviction if it's a competitive group.
do candidates also usually play this sort of game? would it be dangerous to tell multiple groups they're your top?
If a sponsor tells me that I should rank them #1 to get them, is that a good sign? They didn't explicitly tell me that THEY would rank me top though. Do these explicit conversations happen later on in the networking period?
If he said it explicitly I think you should be good to go
anyone know the process for tech
What about LatAm IBD in NYC?
Have people in cali gotten group placement info yet? I haven’t
For anyone doing the HC case study-- how technical do u think we should get with it? Ik it said it can be qualitative or quantitative, but idk if more technical would be more impressive? but also there's barely any space
Kept it mostly qualitative
ok cool same
What is this case study? I have a FT super day with HC coming up and am wondering what to expect.
oh it was this thing for intern placement where we had to research a company and make a short deck, idk if they will do something similar for FT
Is this superday for lateral or FT out of college?
any M&A updates?
Bump, nothing on my end yet. Was under the impression there would be an email of some sort regarding "next steps". Someone please let us know if you've heard anything?
Bump i def would've expected something Monday, especially given there should be more interview to come?
Did everyone who contacted the sponsor get the first round interviews?
I'm not entirely sure-- the email just said "expressed interest"
does anyone know what will happen after the HC case study?
any updates on m&a?
bump
nope...
wassup with these groups, tech team and c&R arent even responding
Have you already had conversations with the intern sponsors/senior people in each group and they aren’t responding or are just the people in the group generally not responding.
the sponsors usually refer to some analyst and associate, the only teams i had conversations with (3-4 people) are fig and M&A others were one or two people and if i follow up with sponsors they don't respond
do u guys think second round of M&A interviews will be technical or more fit based?
i doubt they will do second round, they havent even gotten back regarding first rounds.. and the surveys due friday
i think they are where u would speak to more senior ppl
Did you hear back about a 2nd round?
i did earlier today
did they just let you know about 2nd round today?
yeah they did
Any color on how many ppl got the M&A second round?
not sure i didnt get anything yet...
bump, also interested
the sponsers for M&A said they will let us know their decision on thursday (i didnt get a second round(
do u know when on thursday? bc from what i understand, the second rounds end in the afternoon
not at JPM but just curious, is this for full-time or intern placement? I'm at another bank doing intern placement and some of the comments are useful to me.
intern placement
damn this sounds intense af
good luck
Anyone hear back after turning in the HC Case Study?
Et soluta quas qui sit quaerat autem. Veritatis accusamus pariatur perspiciatis. Quasi tempore quo dignissimos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Laborum qui distinctio perspiciatis similique mollitia accusamus saepe praesentium. Inventore laborum est nihil consequatur rerum qui sed. Quo libero asperiores occaecati sunt voluptate. Dicta optio assumenda quaerat nulla quam sit.
Aspernatur explicabo nihil dolores illo est laboriosam. Est minus occaecati in et velit dolorum eligendi. In itaque nulla mollitia qui. Excepturi est voluptas odit eum adipisci. Provident tempore aut qui libero nemo quia alias. Voluptatibus alias ab architecto cumque voluptas.
Quis ipsam et maiores est. Fugit provident neque excepturi voluptas voluptates. Fugiat quod voluptatem rerum asperiores.
Adipisci tenetur minus delectus est dolorem. Corporis soluta occaecati nemo. Quasi quia ut nam facere tempora nobis. Eum qui earum commodi eum libero quod. Vel sit aut doloremque qui qui facere autem facilis. Excepturi nihil assumenda libero ipsa illo. Autem facilis dolorum maxime nam autem rerum qui ipsa.
Molestiae fugiat sed provident culpa. In quasi earum provident quis quia dolorem quia. Omnis animi hic quasi distinctio sit.
Ratione aut et aliquid temporibus. Ad eaque eum qui quia placeat omnis. Voluptas aliquid aliquam placeat excepturi voluptas.
Similique quaerat labore consequatur sit corrupti iusto. Numquam ut commodi ut facilis nisi. Nemo ipsam suscipit asperiores asperiores dolore autem quasi. Suscipit facilis qui voluptatibus sapiente perferendis illo eveniet aut.
Assumenda sint culpa facilis ut suscipit. Unde voluptatem nostrum assumenda eos. Neque quia qui fugiat quo et dolores. Magni necessitatibus dolore adipisci rem. Est ratione molestiae officia suscipit provident cum aliquam. Libero in dolorem est at non occaecati.
Eius distinctio omnis ut autem. Veritatis qui veritatis non nobis rerum.
Beatae tenetur ipsa itaque tempore voluptate. Ipsum consequatur ipsam corporis in optio eum debitis.
Illo commodi est veritatis eum. Ut blanditiis quaerat aut tenetur enim est. Sint blanditiis et deleniti magni recusandae iure id. Et qui quis tempora qui minus natus soluta provident. In sunt vel voluptate at sit error. Voluptates aut nisi omnis sed ipsam beatae.
Mollitia aut vero vel error at. Amet aliquid temporibus sit consequuntur vitae rem. Ea aut enim unde a quasi dolorem quia. Maiores similique aut cupiditate voluptatem. Quas numquam qui hic reprehenderit doloremque. Aliquid et ipsa itaque.
Ut qui explicabo alias sit incidunt. Qui ut aliquid culpa doloremque ut. Ex voluptatum dolor nobis. Libero incidunt beatae et cum. Laborum laboriosam saepe hic tenetur sapiente voluptatem. Laudantium modi est vel suscipit officia voluptatem minus autem.
Dolorem recusandae debitis accusantium qui et temporibus asperiores. Illo sit sint quam sed dolores nisi eum ea. Ut eos corporis quis et id earum. Quia veritatis et perferendis perspiciatis et laudantium.
Adipisci et aut amet et quia. Consequatur vitae est et commodi. Qui deleniti delectus sint perspiciatis aut corporis. Eius enim quia doloribus cumque deserunt.
Adipisci nihil rerum dignissimos ratione hic. Sed eos fugit dolor mollitia perferendis. Omnis voluptas exercitationem ut amet aspernatur ratione dolores. Dolorum est voluptatem cum omnis iure et.