JP morgan CIB private equity group
guys
I work for a PE companys' portfolio company and have a associate offer from JP Morgan. Does anyone have idea about the work culture, prestige and exit opportunities either within JPM or to PE firms from this group after couple of years. I am graduating from NYU next week.
They just got moved to brooklynmetrotech from midtown
bump
Is this an investment role? I spoke with someone in the JPMAM Private Equity Group. I think these people are based at 270 Park, probably not the group you were asking about?
This is hybrid front office-back office role, portfolio administration not a typical front office IB role,
so back office type after deal is done , reporting and payout modeling. stuff like that
There is potential for movement within JPM, and it was pretty typical while I was there for folks to come to IB from other business segments (like commercial bank or PWM). I don't know how this role would compare to others for that mobility.
However, this is not a role that would get you looks from PE firms after a couple years. You may be able to do accounting at a PE firm, but this won't get you to the deal side.
If you want to work in PE, I'd either try to move into IB and then make the jump, or try to network your way there while working at a portfolio company.
Best of luck.
Thanks Negative Basis, very insightful feedback. I dont want to do accounting at all.
My long term plan is to go into VC and start a firm with my B-school buddies.
The only reason I liked this job was the fact I'll be meeting with the clients and working with them on creating a portfolio return models (payout, waterfall models etc) Its mostly finance and technology. There is some accounting but its more on the review side say 10-15% of the work.
At my present firm I work for CFO so do portfolio /cashflow modeling, and get some deals my way as its a small shop.
So in conclusion keeping my long term objective I think this job will help me to:
JPM on my resume rather than a small/medium AM boutique name. This will help me attract investors later (5-7 years when we plan to open our VC firm) or move to another big name bank
Learn different LP-GP structures and payout models and structure as they have many clients all in different businesses
Maybe, ability to move to other divisions or location (California or Asia) of JPM and get experience there.
Big deal exposure at JPM
Easy to build network while working for a big brand bank
If things don't move up at JPM , exit to a smaller AM firm or back to my firm to a VP position in 2-4 years.
Do you guys think these are reasonable expectations or I am exhibiting irrational exuberance, as this is a back -office role
Thanks
It sounds like you've made up your mind and are looking for WSO to confirm your decision. If you think this is best for your career then take the job.
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