Advice needed: JP Morgan European vs Global Equities - which team?

G0108's picture
Rank: Senior Chimp | 17

Hi guys,

Even though I interned in IBD last summer I am more interested in Buyside Equity Research (-> best case: Portfolio Manager later on). Therefore I want to apply for summer internship at asset managers. However I am a litte bit unsure about the job description of JPM and the options I have since almost every asset manager defines roles differently and has different names for the same positions/divisions which can be confusing also in terms of front office vs middle office. It is not as distinguished as in IBD.

"Within International Equities, we are hiring into two teams:
* European Equities (Behavioural Finance & Research Driven Process)
* Global Equities

Our European Behavioural Finance team pioneered what is now an industry recognised investment philosophy. They continue to be at the forefront of the philosophy's development, managing mandates including long only, long/short, single and multi country, core and single style strategies, investing right across the market cap spectrum. Day-to-day responsibilities will include many different facets of portfolio management, from equity analysis and stock selection through to portfolio construction and client interaction.

Alternatively, you might work in Research Driven Process team, where skilled and experienced career analysts track hundreds of key UK and European companies to assess their attractiveness as an investment opportunity. This involves regularly meeting with company's senior management, attending industry conferences and events and undertaking detailed fundamental analysis of financial reports. In-house equity analysis has an enormous influence on investment decisions."

Would you have any advice on European (Behavioral Finance vs Research Driven Process) vs Global Equities? Which things should I consider in my decision making? What would be the "typical" buyside ER? (I assume the Research Driven Process Team?) I don't want to realize halfway through the internship that I am in a middle office role.

Since I am just a student it would be very much appreciated if I could get some advice on this from more experienced people.