JP Ops vs Non Bank S&T

Hello WSOI have two Summer Analyst offers for next summer and need to choose one by the end of the week.

They are as follows:

JP Morgan
Corporate Analyst Development Program
$49K usd
BO, MO, Security Services

F500 US Non Bank circa $2bn MCS&T
Summer Analyst Program (Securities)
$43K usd
Security Sales to small mid size HF, FOs

Would appreciate any guidance on both of these opportunities.

Both are in London, the Non Bank is based in US but biggest office by HC is in London.

The 15% smaller salary is not totally important now, it is just making me think what is compensation like at a graduate level for the non bank.

I would prefer a sales based roles but ultimately it's where I can progress the furthers in Finance/Banking.


Comments (3)

Most Helpful
Nov 22, 2022 - 2:20pm
anonguytoibd, what's your opinion? Comment below:

What's your financial situation? What are your career goals?

The reason I ask about finances is because if you need to be risk averse, I'd go with the internship that provides a better chance for a return offer.

Secondly, getting clarification on your career goals would be helpful. It's generally easier to go from a front office role to other FO jobs. The brand name of JPMorgan isn't going to really help getting a banking or trading job. However, it'll be easier to make a case for interesting non-financial services jobs like bizops at tech companies for example. The second role probably won't help in large way with obtaining anything other than sales or trading jobs but is still better for IB because at minimum it's client facing. The one big benefit could be an internal transfer to their IB org if it exists. 

Nov 22, 2022 - 3:45pm
HoganDufrense, what's your opinion? Comment below:

Thanks for this thorough reply.

Both internships offer a >60% return rate apparently.

I don't have any specific career goals other than be in a high paying role with interesting work.

I'm definitely interested in financial markets and I'd really like to work with clients so the non bank S&T seems like it'd be the gig to go for.

I'm just concerned about compensation as there's not much information about this smaller company.

It's not small, they have 4000 employees and 50bn revenue but I would like to know a $ figure for their analyst program and I have benchmarks from other firms that I can present them so I think I have a strong case.

But overall, I'm not giving in and simping for the BB brand name and Canary Wharf just to do ops.

Nov 22, 2022 - 4:14pm
anonguytoibd, what's your opinion? Comment below:

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