JPM Group Placement
I just got an SA offer from JPM NY IBD. I saw previous posts about "picking the best group at JPM", but would still like to hear some opinions. I'm not from a solid finance background - but did some banking before. I'm pretty comfortable with modelling and valuation. Aiming at going back to Asia in the long term.
Consumer/Retail Capital Structure Advisory and Solutions Debt Capital Markets Diversified (have no idea about this...) Equity Capital Markets Financial Institutions Group Financial Sponsors Group Healthcare (not interested) Mergers & Acquisitions Natural Resources Real Estate, Gaming, & Lodging Syndicated Leveraged Finance Technology, Media, & Telecommunications
Have you met people from any of these groups?? I would recommend going to a group where you like the people.
I would say the following are what i think of JPM's "strong" groups
Diversified Equity Capital Markets Financial Institutions Group Healthcare Mergers & Acquisitions Natural Resources
how strong are c&r and financial sponsors at jpm?
JPM SA group placement (Originally Posted: 02/13/2009)
anyone know how the process takes place?
i dont know about SA, but when you sign your contract you send with it a preference form and i think that they assign you to a group 6 weeks before you start your internship.
You put down your preferences, but are highly encouraged to network with the bankers in your top choice groups to show your interest, increase likelihood of being selected for the group.
JPM SA Group Placement (NYC) (Originally Posted: 04/02/2013)
Which of these groups would be the better ones to join? Deal flow, exit ops, etc.
Financial Sponsors M&A Healthcare Diversified Industries Consumer & Retail FIG
DELETED
M/A by far has the best exit ops to generic PE
JPM has one of the strongest healthcare practices on the street, arguably only behind Goldman. FIG is very strong as well, although it doesn't enjoy the benefit GS FIG has where you aren't pigeonholed for exits.
M&A
Any info about Consumer & Retail or Diversified Industries?
JP Morgan summer analyst program placement routine (Originally Posted: 01/01/2007)
Does anyone have any idea about the procedure, of selecting/being placed in specific groups?
I got excepted into this program BUMP for some answers
Excepted into the program, huh? Mixing up their/they're/there is bad, but this is pathetic...
hahaha
I think we all would accept more from someone who will be working at JPM.
need to chose group in JPM (Originally Posted: 02/08/2009)
hey guys, need to chose a group at JPM London, well, i checked the deals that were done last year in europe (not jpm, but overall), and FIG, consumer health and reatail & natural resources represented each like 20% of the total deals in europe. 200 deals are expected for small and middle banks this year. last year there were just like 30 deals.
however, a guy in JPM told me that i should chose FIG and CHR only if i want to have a life and that TMT and Diversified industrials were the hard core groups. (tmt represented only like a 5% of deals).
so, the obvious question, where to should i apply? when choosing, either i chose FIG advisory or general advisory and in general advisory i state my preferences.
so what do i do? i had planned on applying to FIG as first preference and then general advisory as second, and select CHr ==> NR ==> DI as my preferences. anyways, i wanna change it now and need to know the best groups of jpm london and with best exit opps...
thanks in advance. need to send it tomorrow by mail so it would really help me if you could give me any advice
I'd shy away from FIG unless you are positive you want to work with financial institutions. It would pigeonhole you because valuation techniques are much, much different for financial institutions versus other industries. This is due to most revenues and expenses in FI coming from interest, thus rendering EBIT and EBITDA ineffective.
so, the experience i'd gain from FIG isnt so useful if i would like to work in another group or later on move to the buy side?
It's banking so it's useful. But if you think you'd want to work in another group, I would suggest doing something that will transfer across groups - i.e. anything but FIG.
what about the other groups... do you have any idea which are hot right now? especially in london and jpm?
Heh, that's a funny question. The easy answer is no group is particularly hot right now. Here in the U.S., FIG is probably the hottest product group due to the consolidation and restructurings in the space, but that's here and not in London.
As far as what's hot in London... I'm not 100% sure. I wouldn't be surprised to see the tech space heat up, as some of the smaller techs are probably cash-starved right now and are trying to hold out as long as possible but that time will be coming to an end fairly soon. Biotech (which will likely fall under healthcare if JPM doesn't have a biotech group), alternate energy, and industrials may be groups to look at.
So would it be a good time to get into FIG in the U.S.? Also if you're in FIG is it really that hard to learn valuation techniques for other industries if need be? If so, are FIG bankers at a place like Goldman or JPM at a disadvantage for buyside opportunities?
Thanks
FWIW, I would choose TMT, especially if this is a SA type of thing. For one, TMT covers a pretty large space and the skills are certainly transferable. Two, it will probably keep you pretty busy for the summer. I know that the thought of an "intense" group may make you wary, but it is in that type of environment where you'll likely learn the most. If you're in a laid back group, you may not get much work and may end up doing a lot of shit that is useless. If you're in an intense group, there's a good chance you'll get a shot at doing some decent stuff. And it's only for a summer, so you can deal with not having much of a life - it's banking, so you likely won't have much of one regardless of the group.
thanks a lot guys. so i will do it like this 1. advisory: TMT, DI, CHR, NR 2. FIG advisory 3. ECM 4. DCM 5. Real estate finance 6. securitazation
i hope i get in advisory.
Best of luck. Be happy you chose a company that's run by a guy like Jamie Dimon, not Ken Lewis!
hahahha i know... i am really lucky. i think that jpm is now one of the best places to be, if not the best. i really liked the people i met in there, they were really nice and down to earth. very international i might say... i guess that just the guy from hr was English. in the second round everyone that interviewed wasn't English.
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