Are JPM exit opps really that good?

Ever since the financial crisis, people have been lumping JPM together with GS/MS.

Are JPM exit opps into PE really comparable? I was under the impression that most JPM bankers try to make a career out of banking and that there aren't that many alumni on the buyside. On the websites for a bunch of PE firms, seems like GS/MS are still the most common for pre-mba associates and JPM does about as well as the other BBs.

Thoughts?

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Comments (27)

Jan 30, 2012

you are wrong

    • 1
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Jan 30, 2012
ERGOHOC:

you are wrong

Could you be a little more specific? I have nothing against JPM, just curious after reading the MS vs. JPM thread.

Jan 31, 2012

JPM is a solid top tier firm with solid management and solid exit opps.

I didn't say it was your fault, I said I was blaming you.

Jan 31, 2012

Well I was told my analysts that JPM now belong to the same tier as MS and GS and that all their groups are killing it but I could be wrong.

Jan 31, 2012

JPM is top notch, 'nuff said.

Jan 31, 2012
rothyman:

JPM is top notch, 'nuff said.

I totally agree that JPM is top notch. Definitely the bank to be at right now. Just wondering how that translates into.exit oops (no one has addressed this yet) given that their current position is something they achieved pretty recently.

Hopefully someone can post some useful information to help juniors with their decisions right now.

Jan 31, 2012
audemarspiguet:
rothyman:

JPM is top notch, 'nuff said.

I totally agree that JPM is top notch. Definitely the bank to be at right now. Just wondering how that translates into.exit oops (no one has addressed this yet) given that their current position is something they achieved pretty recently.

Hopefully someone can post some useful information to help juniors with their decisions right now.

Exit opps are going to vary not only by bank but also group, location, and deal experience.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

Jan 31, 2012
duffmt6:
audemarspiguet:
rothyman:

JPM is top notch, 'nuff said.

I totally agree that JPM is top notch. Definitely the bank to be at right now. Just wondering how that translates into.exit oops (no one has addressed this yet) given that their current position is something they achieved pretty recently.

Hopefully someone can post some useful information to help juniors with their decisions right now.

Exit opps are going to vary not only by bank but also group, location, and deal experience.

I understand that exit opps depend on the group/location/deal experience, but what about the overall bank? Barclays has a better natural resources group than GS but few would say those banks overall are at the same level.

Anyone actually work at JPM?

Feb 1, 2012
audemarspiguet:
duffmt6:
audemarspiguet:
rothyman:

JPM is top notch, 'nuff said.

I totally agree that JPM is top notch. Definitely the bank to be at right now. Just wondering how that translates into.exit oops (no one has addressed this yet) given that their current position is something they achieved pretty recently.

Hopefully someone can post some useful information to help juniors with their decisions right now.

Exit opps are going to vary not only by bank but also group, location, and deal experience.

I understand that exit opps depend on the group/location/deal experience, but what about the overall bank? Barclays has a better natural resources group than GS but few would say those banks overall are at the same level.

Anyone actually work at JPM?

Do you realize how fucking retarded what you just wrote is?

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

Feb 1, 2012
duffmt6:
audemarspiguet:
duffmt6:
audemarspiguet:
rothyman:

JPM is top notch, 'nuff said.

I totally agree that JPM is top notch. Definitely the bank to be at right now. Just wondering how that translates into.exit oops (no one has addressed this yet) given that their current position is something they achieved pretty recently.

Hopefully someone can post some useful information to help juniors with their decisions right now.

Exit opps are going to vary not only by bank but also group, location, and deal experience.

I understand that exit opps depend on the group/location/deal experience, but what about the overall bank? Barclays has a better natural resources group than GS but few would say those banks overall are at the same level.

Anyone actually work at JPM?

Do you realize how fucking retarded what you just wrote is?

I don't realize how fucking retarded what I just wrote is. Care to enlighten me? Please be civil.

What you mentioned earlier about group and location is certainly true, but the vast majority of interns will be in NY with a generalist offer, no guarantee for group placement.

Feb 1, 2012
audemarspiguet:
duffmt6:
audemarspiguet:
duffmt6:
audemarspiguet:
rothyman:

JPM is top notch, 'nuff said.

I totally agree that JPM is top notch. Definitely the bank to be at right now. Just wondering how that translates into.exit oops (no one has addressed this yet) given that their current position is something they achieved pretty recently.

Hopefully someone can post some useful information to help juniors with their decisions right now.

Exit opps are going to vary not only by bank but also group, location, and deal experience.

I understand that exit opps depend on the group/location/deal experience, but what about the overall bank? Barclays has a better natural resources group than GS but few would say those banks overall are at the same level.

Anyone actually work at JPM?

Do you realize how fucking retarded what you just wrote is?

I don't realize how fucking retarded what I just wrote is. Care to enlighten me? Please be civil.

What you mentioned earlier about group and location is certainly true, but the vast majority of interns will be in NY with a generalist offer, no guarantee for group placement.

You are worried about the exit opps of your internship? I don't get it. How much more info do you need than what has already been provided? You wrote it in your first post. It's not GS, it's not MS, but it's damn good. You aren't going to get anything beyond that, because there are too many other factors.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

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Jan 31, 2012

Can't go wrong at any of the 3 firms.

Feb 1, 2012

to answer your question directly, JPM will NOT put you at a disadvantage in terms of exit opps and receiving PE / HF interviews. JPM does not have a disproportionate share of career bankers, and places very well into the buy-side. After you receive the interview, it is up to YOU to impress. It is NOT firm specific -- it is YOU specific. I am very confident in this statement.

If you are fortunate to receive all 3 offers, you should choose the one where you fit in the best [all things considered, in this order 1) mentorship 2) deal experience 3) culture / teamwork]

You are a junior in college w/ a bright future but your questions suggest (i) your vision is extremely narrow (ii) you are completely focused on the wrong issues during this recruiting process. I would suggest you take a step back and realize how fortunate you are to be in a position to spend 10 weeks at a world-class financial institution and soak up everything they have to offer you from a learning perspective. In addition, since recruiting for "exit opps" is at fastest 5-8 months into your first year [which is 2.5 years away], don't you think you should first focus on maximizing your internship and making sure you crush it? the two years of banking is really long and grueling -- and the light of the end of the tunnel is extremely faint....if you go into your career always stressing / preoccupying yourself with the "next step", you will eventually burn-out and be extremely unhappy.

Feb 1, 2012

I thought this thread was over when I said 'nuff said'.

JPM is very respectable.

What more is there to say? I don't get it.

Feb 1, 2012
rothyman:

I thought this thread was over when I said 'nuff said'.

JPM is very respectable.

What more is there to say? I don't get it.

they may be respectable but are they prestigious?

Feb 1, 2012
whatwhatwhat:
rothyman:

I thought this thread was over when I said 'nuff said'.

JPM is very respectable.

What more is there to say? I don't get it.

they may be respectable but are they prestigious?

Don't push me.

Feb 2, 2012

The old hierarchy of GS > MS > JPM is still valid today, but I do think the gap between MS and JPM has shrunk significantly over the last few years.

Of course it depends on which groups you're talking about, but generally it is fair to say that JPM exit opps are close enough to be comparable to GS and MS. But more important, I completely agree with pokerdizzle's statement that once you get an interview, your success in the recruiting process will depend on your individual performance way more than on your firm. That is very important to remember.

Feb 2, 2012

In general PE still prefer GS and MS kids over the JPM kids. Some funds actually have seperate final rounds for the GS and MS kids. I think JPM is on bar or slightly better than BAML and CS in terms of exit opps these days, but still behind GS and MS IMO.

Dec 15, 2012
Ukon:

In general PE still prefer GS and MS kids over the JPM kids. Some funds actually have seperate final rounds for the GS and MS kids. I think JPM is on bar or slightly better than BAML and CS in terms of exit opps these days, but still behind GS and MS IMO.

did my analyst stint with GS/MS. no idea about the 'separate final rounds' deal that you mention but I definitely believe that i had a much easier time than some of my friends at JPM when it came to getting upper tier interviews. while JPM is definitely a great firm with a stellar reputation, analysts' exit opps from those are without question a tier below MS and a bit more for GS.

Feb 2, 2012

which funds? and did u work for one of the three? this is inconsistent with my experience in buy-side recruiting.

Ukon / seamless -- I really don't think these are productive messages to communicate to younger folks (ranking the relative prestige of a top 3 or 4 or 5 or 6, all of which are excellent banks and employment opportunities, and can all provide great "exit opportunities" [whatever that means -- the grass is always greener and PE isn't everything its cut out to be])

Dec 15, 2012

You have to be more clear than your previous email "implies." Do you have the offer yet? What groups are you interviewing in? Where are your preferences? etc.

This is too ambiguous.

"Cut the burger into thirds, place it on the fries, roll one up homey..." - Epic Meal Time

Dec 15, 2012

.

Dec 15, 2012

going to be a summer analayst. interested in hf's and pe long term. no discussion of group yet

Dec 15, 2012

Wow a summer intern worrying about exit opps. Worry about getting an offer first.

Dec 15, 2012

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Feb 2, 2012