MMBSI worth it for junior year internship? Easy to lateral to JPM ib? What are exit opps like?
Pretty much what the title is. Just got the offer today for MMBSI internship, unfortunately it is the generalist track but was wondering how good the program itself is and if it’s worth it.
Based on the WSO Dataset, the JPMorgan Middle Market Banking (MMBSI) internship is highly regarded, especially for those looking to gain a broad exposure in commercial banking. Here are some key points to consider:
Exposure: The internship offers a variety of projects and direct work with bankers on deals, including going out on client calls. This hands-on experience is invaluable in understanding the dynamics of commercial banking.
Return Offers: Most interns in the MMBSI program receive an offer to return and join the Analyst program if they choose to stay with JPMC. This is a strong indicator of the quality and the potential career path within the company.
Lateral Moves: While the internship provides robust training and exposure, lateral moves to investment banking (IB) within JPMorgan might require additional networking and alignment of skills. The transition isn't guaranteed but having a strong performance in the MMBSI role could potentially open doors within the firm.
Exit Opportunities: The skills and experiences gained from the MMBSI internship can be leveraged for various roles in finance. However, specific exit opportunities would depend largely on individual performance, networking, and how one leverages the experience in their career path.
Overall, if your ultimate goal aligns with gaining a comprehensive understanding of commercial banking with a potential pathway into investment banking, accepting the MMBSI internship could be a beneficial step.
Sources: JPMorgan Middle Market Banking (MMBSI) details?, JP Morgan IB RIsk Exposed Part 2, Took an Associate job at a tiny firm, how screwed am I?, Valuations: Exit Ops/Business School Prospects, JP Morgan Commercial Banking MMBSI Full-Time Analyst
can i ask what location was it for ?
houston
Quam eos nemo laboriosam ut quasi. Et fugit beatae amet nobis deserunt. Esse eum ut vitae. Soluta qui consequatur eum reprehenderit ad qui qui. Consequatur quo dolores enim veritatis quas. Est impedit aspernatur magni.
Voluptas ex quidem ab debitis ut ut. Expedita ut alias voluptatem magni repellendus enim doloribus. Praesentium animi nihil ut.
Aut quis sapiente quaerat at aut labore enim. Quasi facilis dolorem non impedit aut in. Reprehenderit similique vel velit maxime voluptatum culpa esse. Pariatur quo deleniti distinctio rerum ut laboriosam commodi. Consequatur qui cumque aspernatur dicta ea enim.
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...