PE recruiting from JPM
Was wondering if anyone had any details on this….saw the litquidity post from earlier today. 
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Incoming analyst at JPM, have not seen anything official on this besides language in our offer letters last year warning us they may reconsider our employment if we sign a future-dated offer at another firm
Confirming it’s real — it’s all consistent with JD’s public opinions on the stuff lol. They’re also getting rid of the ability to expense meals from home on weekends :(
On the flip, they’re adjusting your analyst program to 2.5 years with a stub first 6 months. But yeah if they hear about an offer you sign within 18 months of full-time, it’s grounds for firing. Talked w a staffer and in practice, there’s not really a reason for them to just lose out on good performers they can keep grinding for extra time, so dunno. I assume HHs will figure out a solution given it’s their job lol, either tighter secrecy or maybe standing offers you don’t have to sign.
Can u pm me
I wonder how PE firms will react to this? Maybe they’ll hold a few spots open and run a late off cycle process in 18 months.
What do you mean a stub from first 6 months?
Wow - seems like 18 months would put recruiting very close to actual PE start date
I mean they used to say to disclose ASAP on receiving an offer regardless of start. Very few did. You need balls but deception is the essence of warfare etc
Bump, have any seniors heard anything more about this?
Bump
JPM just sent an email to incoming analysts making this official. Recruiting during training or signing a future dated offer are both grounds for termination
🧢🧢🧢
“Our culture at JPMorganChase is built on integrity, collaboration and excellence. Training is vital to instill these values and ensure you are well-prepared to serve our clients. To succeed in the Investment Banking Analyst Program, your full attention and participation are essential. Attendance at all training sessions, meetings and obligations is required. Missing any part of the training program may lead to removal from the program and termination. As a reminder, job searching outside JPMorganChase must be done on your own time and should not interfere with your responsibilities.
Avoiding potential conflicts of interest is crucial to maintaining the trust and confidence our clients place in us so we have updated our policy regarding Investment Banking Analysts accepting future-dated job offers. Therefore, if you accept a position with another company before joining us or within your first 18 months, you will be provided notice and your employment with the firm will end.”
They sent us an email. So cooked
What are we doing guys? Doing it or nah?
Don’t think I’m going to do it. I need a job lol
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feel like lateral market will be cooked no? everyone going for the same couple spots (if any)
No one who is lateraling for the sole purpose of leaving for PE shortly after is getting hired. When someone sees you leaving JPM they’ll be suspect
Tbh agreed think recently graduated seniors a bit overly indexed in this recruiting stuff cuz everyone is talking about on cycle rn but prob doesn’t make a difference for most of class
I have a chance to join another bank full-time, slightly worse BB. Should I just move from JPM then lol?
following
"Following"
Lmao you clowns are so hopeless.
MF VP here. More problematic for us than the (empty) threat of termination is the 2.5 year program and the fact that it'll be harder for us to do backchannel references now. It doesn't work for us for analysts to start at the end of calendar year, so we're probably shifting focus away from JP candidates in our funnel. For any college sophomores/juniors reading this one day, would think twice before joining JP if you want to recruit (albeit i'm vengeful because they rejected me back in the day)
I don't think you'll actually get fired fwiw because it's not that hard to keep it a secret once you actually get on the job. But if you have a legit opportuinty to lateral, could be worth it
Does that mean for this year candidates won’t be considered?
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