Thoughts on JPM FIG 2024?
Hello Monkeys,
I've heard some mixed things about JPM FIG regarding their culture and exits.
Can someone give more color concerning culture and exits across Banks, Insurance, SpecFin, and FinTech?
I am specifically interested in SpecFin and FinTech. Thanks so much in advance!
Bump
Amazing deal flow, very long hours and intense culture. Culture used to be borderline toxic but it’s gotten much better, you will get looks from FIG specific and generalist MF and HF looks, every analyst in my class got at least one top choice interview a couple of years ago during on-cycle (prior to when OCR was your first week on the desk lol)
How are the hours and intensity for ASO and VP?
Brutal for all levels below ED
Thanks so much for the response! How would you differentiate between the 4 subverticals in FIG with regard to culture and exits? So sorry for nagging, just super curious
FinTech has very strong exits as it’s the most relatable to corporate business models, the others exit well but you will run into recruiters who have issues with the balance sheet heavy part of the group
Bump
Sweaty as fuck you might end up in the hospital
Oof, any specific experiences you have heard?
Bump on any more perspectives. Still really interested.
Bumping because I am annoying
Incoming SA for ABS origination at MS/GS/JPM here. Do they do a lot of fintech related ABS deals? And what are the chances of joining this group FT?
Have worked closely with the group on several deals. They usually have FT spots, but these go to top target kids who leveraged return offers at other respectable banks or MFs. So while I won't say anything is impossible, your chances are slim
My sister worked in that group from ‘21-‘23.
Was 80 hrs a week minimum with a lot of 100+ hr weeks mixed in when shit hits the fan.
FIG is a pretty consistent sector from a deal flow perspective so I wouldn’t expect this team to ever be chill. I heard JPM FIG kills it on the street so feel free to interepret that anyway you want
SB! Do you mind sharing which subvertical? Of course, understand privacy concerns. Open to PM as well
Who is the MD who covers the alts? Heard he is a hitter. And what other banks have strong market share covering the alts.
Which vertical is considered the strongest? Curious
Heard it’s a bunch of really cool people and light hours
I’m not tryna do banks bro
Had a friend in the group. Apparently people and culture is almost 180 from precovid times in all subverticals so people have fun. Hours are still hard (differing across subverticals) but most transition to home at 8:30/9pm ish. Banks seemed solid but has the same hours without dealflow. Insurance used to be the most brutal due to insane dealflow but heard that one of seniors left and the new guy is great.
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