Best group at JP Morgan

mak5im's picture
Rank: Chimp | 6

Hi Everyone,

I was wondering if anyone could give me some advice on the best groups at JP Morgan Investment Banking. From what I've heard it's M&A, Lev Fin, and Sponsors? Any thoughts on that?

By the way, I was also wondering if anyone know why JPM pays significantly less to its summer analysts than firms such as BAML and CS (both of which pays significant overtime, which makes the total salary almost twice of JPM's) Would it be a good idea to negotiate with JPM for a higher salary?

Thank you very much!

Comments (232)

Jan 30, 2010

I'm not so familiar but I heard their NatRes group is pretty strong.

Salary for a summer analyst is not negotiable. If you don't like it, choose another firm.

Jan 30, 2010

How about TMT or M&A in SF? How's the exit ops?

Jan 30, 2010

JPM LevFin is very strong (either #1 or #2 along with BAML's LevFin)-- great technicals + exit opps HOWEVER, very hard to get into. Probably part of the Capital Markets group.

M&A, as always, is a strong group. Personally, I think the idea of Sponsors is dumb. Sponsors isn't really an industry, and you don't get as much modelling as LevFin. The only real advantage is that you talk to the PE guys... at the end of the day, I think it'd be better to understand fundamentals (my opinion)

From what I understand, for a lot of the BB"s, energy in NY are shell groups (very small). Most BB Energy is in Houston, and most BB Tech is in Menlo Park/west coast.

LevFin (if that's a choice), M&A, FIG, MT, are strong groups

Also with regards to Summer Analyst salary... only CS and BAML that I know of pays overtime, so I mean, it is what it is

Jan 31, 2010

and healthcare killed it last year

Feb 2, 2010

i might be wrong, but I think JP Morgan M&A is pretty weak? On the league tables it's number 6 or 7 for last year in terms of executed deals.....

Feb 2, 2010

LevFin at JPM is not good at all. They are on all deals because of lending but in terms of banker skill-set they are not nearly close to the top. A bunch of their Analysts / Associates couldn't build an LBO model for the life of them. It's all boiler plate stuff, plug in the numbers.

Feb 3, 2010

You're kidding right ? JPM M&A was #1 for 2008 - way ahead of GS. It also varies by provider. JPM was #3 for 2009 by Dealogic. Stop looking at league tables. All that matters is that you get a good deal exposure.

Feb 3, 2010

I heard somewhere that JPM FIG was the best group. Thoughts?

Feb 3, 2010

JPM NY best groups in terms of exit opportunities are FS, M & A, Lev Fin, TMT, HC & DI. These are in no particular order.

    • 1
Feb 3, 2010

Couple questions.

Does M&A do their own work or is the modeling done within the coverage groups?

Could you shed more light on the financial sponsors group? in comparison to other financial sponsor groups.

Thanks

Feb 3, 2010

M&A does the modeling for all groups but HC and FIG

Best groups for exits are FS, M&A, Lev Fin, HC, FIG, TMT

    • 1
Feb 3, 2010
SmokeyG:

M&A does the modeling for all groups but HC and FIG

Best groups for exits are FS, M&A, Lev Fin, HC, FIG, TMT

Can someone confirm that only HC, FIG and M&A do modelling at JPM?!

Feb 3, 2010
SmokeyG:

M&A does the modeling for all groups but HC and FIG

Best groups for exits are FS, M&A, Lev Fin, HC, FIG, TMT

This is incorrect for Consumer/Retail. In C/R modeling is primarily done in the coverage team with M&A junior staffing only for the most resource intensive, live projects. Even then, coverage will still do the vast majority of the technical leg work and look to M&A only for support.

Feb 3, 2010

Can confirm, M&A HC and FIG do all modeling.

You know what else is fat, RUDENESS

Feb 3, 2010

No, the question is not if M&A, FIG and HC do modelling. The question is if they are the only team that does it.

Feb 3, 2010

Haven't posted in the longest time but just wanted to clarify some gross mis-statements.

1) From my experience on two of the coverage teams mentioned, coverage teams do the bulk of the modeling work in almost all scenarios. M&A analysts, if any, primarily handle the process work-stream when staffed on our deals (e.g. data room, diligence tracker, helping write CIM, etc.). Think about it for a second - the MD on the coverage team owns the relationship and wants to be air-tight on the analysis. Would he rather outsource that work to the M&A team or has his dedicated coverage team do the modeling?

2) In terms of exit ops, Healthcare, DI and TMT have done very well. Overall though, there is a shift from 1st year analysts recruiting to 2nd year analysts recruiting as J.P. has shifted to a 3 year program. A win-win scenario from many of the junior's perspectives.

Feb 3, 2010

Also - best shot at recruiting is from a coverage group vs. FSG, M&A and certainly not LevFin. LevFin is an market-focused execution group. All, *let me repeat* ALL of the operating / credit models we run are done by coverage teams - not LevFin.

Feb 3, 2010

bump. any more color on this? appreciate random placement examples, or any recent details/experiences.

Feb 3, 2010

Coverage groups spend considerable time pitching as well as working on IPO's and debt deals, which are inherently process oriented. They're also responsible for spreading/scrubbing comps for their respective industries. M&A analysts only work on M&A deals (most of the time live), which is huge.

As for actual work on the M&A deals, you'll rarely have both an industry analyst and M&A analyst on the same deal, unless it's particularly big (in which case, there's plenty of modeling work to go around). I personally haven't heard of any M&A analysts doing largely "process-oriented work"; in fact, most were the sole analyst responsible for modeling JP's biggest deals. This makes sense given the small size of the group (7 or 8 per analyst class) and the deal flow J.P.'s had year after year.

The allegation that M&A analysts do more process-oriented work is false. Chances are, if you're an M&A analyst, you've built the model for a fair share of mega deals. Most coverage group analysts will get good M&A experience as well, but they will have to split their time working on IPO's and debt deals, which again are process oriented.

Feb 3, 2010

What about at the associate level? What are the best groups for culture, exit opportunities and work-life balance? What are the best groups to move out at the associate level (PE, HF, etc.)

Feb 3, 2010

Energy Coverage, Same as with every BB.

    • 1
Feb 3, 2010

Pretty sure their industry groups (TMT, Healthcare, Energy etc.) are all solid. I talked to some of the guys there in the NY office and they said that in terms of job security, an industry group was a lot more solid than a product group like M&A or DCM.

Feb 3, 2010

what are some product groups? sponsors? m&A?

Feb 3, 2010

Yes, I listed two above (M&A and DCM) but I believe Sponsors is viewed as a coverage group (working with PE and HF clients) by those who work in it. I may be wrong about that but this is what a lot of people have told me as well as what I've read online.

Feb 3, 2010

would love to know also

Feb 3, 2010

for investment banking or s&t?

Feb 3, 2010

I've heard M&A and HC. TMT and FSG are supposed to be decent as well

Feb 3, 2010

Is this for the NY office ?

Feb 3, 2010

NYO - trying to position myself to move from a strong, but not elite, boutique into JPM and want to see if their strong areas align with my current experience. Any additional input would be appreciated!

Feb 3, 2010

HC, LevFin, TMT, M&A are all strong groups.

Feb 3, 2010

deleted

Feb 3, 2010

The only groups I've really heard anything bad about have Leverage Finance (where there is next to no modeling) and FIG (lots of turnover and mostly focused on financing, not advisory).

Feb 3, 2010

I thought FIG at JPM was one of the best teams on the street next to GS?

Feb 3, 2010

Well, maybe you do not do modelling in LevFin (to be verified, in Europe they do), but it is one of the top products at JPMC and the team should be strong.
Chemicals is also strong.

Feb 3, 2010

Bump this one for you. Are you starting SA or FT?

Feb 3, 2010

PM me

Feb 3, 2010

I'm very interested in this as well. Can someone please shed some light?

Feb 3, 2010

Bump, also curious

Feb 3, 2010

M&A is the most popular product group. TMT is most popular coverage. TMT does most product work in house if that is of any help.

    • 1
Feb 3, 2010
later monkey:

M&A is the most popular product group. TMT is most popular coverage. TMT does most product work in house if that is of any help.

Thanks for that info

Feb 3, 2010

sponsor group.

Feb 3, 2010

-

Feb 3, 2010

M&A, HC, TMT.
M&A will give you modeling exposure.
HC group is best HC group on street - no question.
TMT - always something going on. Step below GS / MS, but still very good.
LevFin - it's JP.

Feb 3, 2010

Top: M&A ,TMT, Sponsors, HC
I've heard real estate is not great, both in terms of culture and deal flow.
Just don't do DCM or ECM, high grade/high yield debt bullshit. You're basically the elves for product and industry groups.

Feb 3, 2010

I'd go for M&A or Sponsors first, then after those two I'd go for TMT or HC

Feb 3, 2010

also interested!

Take it as it comes
JJ

Feb 3, 2010

Does anyone have any insight?

Feb 3, 2010

TMT and NR/energy are top fee generators.

Don't know about FIG, but can't go wrong with any coverage group there in all honesty.

Feb 3, 2010

NR and Energy are separate groups at JPM. TMT is the largest fee generator and toughest to get into during the recruiting season.

Feb 3, 2010

I would say M&A, FSG and TMT are toughest groups to get placement, in that order. Lev fin (TMT and Consumer/retail) are other very tough groups to get placement.

Feb 3, 2010
ibanker12:

I would say M&A, FSG and TMT are toughest groups to get placement, in that order. Lev fin (TMT and Consumer/retail) are other very tough groups to get placement.

for tmt - are you referring to tech & media & telecom, or media & telecom that is based out of nyc?

Take it as it comes
JJ

Feb 3, 2010

Obviously M&A and FSG would be better, but how well would a group like consumer/retail or DI place into PE?

Feb 3, 2010

Isnt healthcare a top group?
They killed it on the league tables

Feb 3, 2010

Is this for LDN or NY? People from DI LDN have recently eneded up at firms such as KKR or the Italian Strategic Fund (around EU5-7Bln AuM) and have been interviewing for firms such as Apollo.

Feb 3, 2010

bump
curious about best groups in general at JPM IBD NY

Feb 3, 2010

TMT is in NYC, not just media & telecom. Lev fin in NY as well.

There is also a west coast tech team (coverage), which is top notch as well.

Feb 3, 2010

choose the on that fits you best

Feb 3, 2010
Monkey Bone:

choose the on that fits you best

omg. how do you know what fits you best?

Feb 3, 2010

He's probably asking to elaborate on those positions that he's being offered and give an opinion on them.

Feb 3, 2010

Alright.

ECM/SLF = sounds cool, have some sort of market focus, a little more sense of urgency there. Also heard SLF is one of the top groups.
FIG = Had a good vibe of one of the senior interviewers, less cyclical group, but potential to be "pigeon-hole", less transferable skills
Industrials = Had a good vibe with one of the analyst interviewers, big group, one of the "hard-core" groups
TMT = Could head up this year or next with all the facebook/linkedin/twitter IPO debacle. But that's all in the US.
Nat Resource: Heard it is one of the best group in JPMorgan.

Feb 3, 2010

from what i understand, JPM doesn't have an industrials group..

Feb 3, 2010
akybaky:

from what i understand, JPM doesn't have an industrials group..

JPM does have an industrials group...

Not familiar with London groups though, so I can't comment much.

Feb 3, 2010
akybaky:

from what i understand, JPM doesn't have an industrials group..

they do. have a buddy who's an analyst with the group in SF.

Feb 3, 2010

You have to go for either LevFin or Sponsors at JPM - not sure what their exact names are at JPM...

Feb 3, 2010
James07:

You have to go for either LevFin or Sponsors at JPM - not sure what their exact names are at JPM...

What so good about LevFin or Sponsors? This is for London. I'm more concerned about full-time conversion...

They have SLF, Syndicated and Leveraged Finance
and FSG, Financial Sponsors Group.

Feb 3, 2010

slf

I'm making it up as I go along.

Feb 3, 2010
George Parr:

Hi, I have to submit my preference form for J.P Morgan. I got the Autumn 2011 Internship which might possibly lead to a full-time to start in January 2012 from what I heard from people here and some of my friends.

I'm most concern about conversion to full-time, which will be down to demand and how many spots they need to be filled.

I'm considering between these groups, please help me rank em in terms of best exit opps + potential conversion possibility.

FIG, SLF, ECM, Nat Resources, Industrials, TMT

how did you get that internship? where was the job posting? what year r u in school?

Feb 3, 2010

I did my SA there.

Feb 3, 2010

I heard Ratings Advisory is great there.

  • aloki
  •  Feb 3, 2010

Yes, oil & gas (nat res) is probably your best bet. If the market were better, lev fin would also be a good place to go.

Feb 3, 2010

There's no way oil & gas is JPM's best, is it?? I would think one of their NY-based groups would be better...

Feb 3, 2010

I don't know them too well, but I believe their Nat Resources group is pretty strong.

Feb 3, 2010

You need to check your fit. Depends on what you want to do. Nat Resources has been slipping in the league tables in 2008.

CSAS (where ratings advisory reside) is very strong, but it is not as client focused as a coverage group. It may not work for everyone.

I'm surprised no one has mentioned M&A - very highly regarded group at JPM. Financial Sponsors and Syndicated & Leverged Finance are also highly regraded, but current market conditions make the positions less desirable.

If you are interested in FIG, JPM's FIG group has been very strong in 2008.

Most coverage and industry groups have something huge to brag about recently, so follow what interests you, and where you "fit" the group. Prestige is worthless if you're going to get cut next week because you're underperforming.

  • aloki
  •  Feb 3, 2010

Yeah, JPM's lev fin is ridiculously good (them and B of A pretty much own the market), but it's obviously not a good time.

Feb 3, 2010

i cant believe no one here mentioned FIG. this group is huge at JPM

  • aloki
  •  Feb 3, 2010

FIG might be really hot right now, but from what I've heard FIG isn't as useful as some other groups as far as learning experience goes. I've heard complaints that FIG bankers don't come away with the same knowledge/skillset.

Feb 3, 2010

FIG has their own group-specific M&A team which sounds pretty interesting.

good friend of mine interned in JPM FIG NYC last summer; apparently they give out rigorous modeling-intensive homework assignments to SAs that they use as a judge of whether or not to give FT offer. intense.

Feb 3, 2010

That sounds horrible.

Feb 3, 2010

I heard the same about the modeling homework assignments, but I heard that was largely because all the SAs were pretty solid kids, but there were only a limited number of SA offers they could give out. So they just made it a bit more competitive...

Feb 3, 2010

When the market turns around (crosses fingers, late 2009?) JPM and BOA will dominate lev fin because of their massive commercial deposit books and their past track record doing that sort of thing. I heard JPM's energy is good too. If for some reason either of these statements is wrong, I'd be interested to hear why.

Feb 3, 2010

I was an SA this past summer at JPM and over half of TMT got offers for IB, basically none for research. TMT is always a solid choice for any BB. Plus, anticipation is that the technology cycle is on the upswing for the next couple years. Natres is always commendable - as for FIG, it makes up more than 50% of Citi's IBD so I'd say it's a hot place there, JPM also a good bet.

Feb 3, 2010

M&A, LevFin.

Feb 3, 2010

a

Feb 3, 2010

a

Feb 3, 2010

I believe many of the groups in JPM gave out training / hw for their SAs. It might increase competitiveness, but definitely solidifies your banking skills. If you do need to full-time recruit, your knowledge will likely be greater than others in the applicant pool.

Feb 3, 2010

Can anyone comment more on the CSAS group and its subparts? What is the work like in different sub-departments? What are the future prospects and exit opportunities? Is it more of corp fin or hardcore modeling etc?

Feb 3, 2010

best groups: M&A, LevFin, NatRes (oil/gas)

CSAS not as good exit opps

Feb 3, 2010

.

Feb 3, 2010

.

Feb 3, 2010

culture: pretty much all ppl who failed to make the buy side
exit ops: anywhere you want:
prestige: tons

Best Response
Feb 3, 2010

All of them

Feb 3, 2010

All of them

Feb 3, 2010

LevFin, m & a...

Feb 3, 2010

according to current analysts at JPM: LevFin, m&a, TMT

Feb 3, 2010

SLF, FSG, M&A, Energy (Power in NY)/Natural Resources

Feb 3, 2010

I also heard Lev Fin, TMT, and M&A

Feb 3, 2010

How is Consumer-Retail-Healthcare, specifically health care?

Feb 3, 2010

HC's a good group. It is a very different culture from the consumer retail side of the group. CR has a relatively high percentage of female analysts so that's a plus. HC is much more intense.

JPM's also got a very strong Industrials group which includes Metals / Mining.

Feb 3, 2010

My top priorities are 1. that I get into a good group and 2. that I fit in well with the group.

Outside of that, I'm just curious, what are the exit opps like for HC versus TMT versus a group like SLF?

Feb 3, 2010

lev fin is strong usually, but i wouldnt head there for an internship this summer... market is too weak for lev fin cause they are on execution side usually
i would say groups like m&a, sponsors, energy
at least in sponsors your not fully on execution so you still get deal experience even if deals dont go through
but lev fin is too slow right now

Feb 3, 2010

Metals and mining is now part of natural resources which is together with energy (power) in nyc now.

Feb 3, 2010

Thank you for the correction - wasn't sure if they'd made that happen yet.

Feb 3, 2010

I'm not sure why TMT is ranked so high from prospective analysts. From current analysts at JPM, they're not having that much of a blast in TMT. Industrials (now part of "general industries") is a very strong group. i'd rank the transportation side up there, just becuase i like cars/planes/things that go fast. Energy is a strong group and will continue to do well in a recession. Tons of activity around that area. FIG is a strong group as well. The exit ops from fig are more limited, but you do get great deal exposure. Lev Fin isn't dead like people here claim. the SLF guys from JPM are working hard. The restructuring group is very busy and so is the natural reources side. The Tax-Exempt guys are working round the clock trying to get munis to refinance their auction rate securities. DCM/ECM will generally have better hours and quality of life is important, and as an incomming analyst being on a trading floor is cool.

My advice to all those going through group selection, look at the smaller groups, reach out to current analysts. Fit is key. Make an informed decision.

Feb 3, 2010

what about ecm exit opps

Feb 3, 2010

I've been told ECM exit opps are not that great just because you gain a very specialized skillset

Feb 3, 2010

SLF is the place to be at JPM, but I have heard from a former colleague (who currently works in the Commercial Bank there) that she was granted a rotation through SLF, but wasn't given an offer since "they were laying analysts off in the group, not hiring new ones".

She claimed the work was 9-10, with about one day off per week. I know SLF group tend to work less than coverage groups, but based on this hourly workload, it seems lighter due to the current market (and why wouldn't it be?). Still, you can get a good experience in this group, because it is not "dead" but anyone who tells you that it hasn't slowed is lying (but then just about everything has slowed).

Still, I'd shoot for M&A or energy if I were signing up with JPM. It doesn't get talked about as much as some other groups, but JPM M&A is a huge feeder for PE shops, and Energy will be strong regardless of this down market.

Feb 3, 2010

A friend sent me this, thought it might be helpful to anyone who was following this thread:

"I saw your post about the groups at JPM and I thought I'd try and give you an insider's opinion of all the top groups. TMT is by far the most intense group hours wise. It was 2nd in the league tables two years ago in tech deals but it fell out of the top 5 this past year. However, TMT will still provide you with amazing exit opps and will give you an advantage for getting into start-up tech firms and all the VC firms that focus on tech. JPM's M&A group has been slowly on the rise and is now probably the 3rd or 4th best best M&A group on the street. It also has a very intense culture (probably 2nd in hours behind tmt), but M&A bankers place very well with private equity companies. It is also execution based, so you will not be doing power points, but focusing on modeling. SLF is set up like a trading floor and analysts can sit next to MDs on the floor which can make for an interesting experience. You are a lot more tied into the market than other groups. SLF is also known for placing a lot of analysts into private equity companies and hedge funds plus it has a bit more of a laid back culture. Unfortunately the credit crisis has greatly diminished the workload of the bankers and you are probably not going to see the "golden age of private equity" return anytime soon. Sponsors is another group that has been extremely competitive in the past, because of the great contacts you make with PE, but it has probably been hit the worst by the credit crisis. FIG is another extremely strong group at JPM. You will work long hours, but the group has been coming up in the league tables and landed some really big deals last year. The downside to FIG is that you learn a very specific skill set since FIG companies are evaluated differently than other companies. The upside to this is that you actually get to do all the M&A instead of sourcing it to the M&A group. Lastly there is CHR. Last year this was the most sought after group by summer interns. It is known for having a laid back "fun" culture and its HC group is 2nd in the league tables, surprisingly behind BofA. To get into the top groups it is essential that you call up bankers in the group once you get the massive Binder of groups in a month."

Feb 3, 2010

you should find out which groups are actually looking for analysts! very important.

does anyone who works at jp have any input?

Feb 3, 2010

-

Feb 3, 2010

bump

Feb 3, 2010

Any comment on JPM Real Estate, specifically EMEA Real Estate? I know MS/ML have the strongest RE groups, but how does it compare to Deutsche Bank? DB RE is supposed to be very well-regarded as well.

Feb 3, 2010

FIG - financial institutions group is top from my understanding.

anyone know how it compares to Citi fig?

I'm making it up as I go along.

Feb 3, 2010

question has been asked before....

1) M&A
2) CHR
2) Lev. Fin

Feb 3, 2010

LevFin would be my top choice.

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Feb 3, 2010

FIG is really good here. A lot of deal flow and excellent exit opportunities

Feb 3, 2010

Really? I always though FIG kills your exit ops

Feb 3, 2010

whoever told you that does not know what they are talking about. Maybe you can't go to a mega LBO shop, but it doesn't kill your options.
Stop taking things written by other college students here as gospel. If you want a real answer to your question, go to the websites of your idea "exit op", and read the bios of the people there. So instead of one college student telling you "OMG, FIG is an amazing group at JPM", and another tells you "everyone knows only M&A is worth taking over GS", look where shops are actually recruiting from.

Feb 3, 2010

Sponsors then m&a. Ive heard good things about TMT and hc. Not sure about others.

Feb 3, 2010

You are right though wouldn't go for FIG if you can avoid it- not a great group and sub-par culture

Feb 3, 2010

HC, TMT, DI

    • 1
Feb 3, 2010

JPM Lev Fin practice is the best on the street, FS, TMT, FIG are all well regarded groups with decent exits to PE/VC/HF.

Feb 3, 2010

Coverage: Healthcare, Diversified Industries (DI), FIG
Product: M&A, FSG

Feb 3, 2010

It seems like a lot of groups are being listed. What are the worsr groups at JPM?

Feb 3, 2010

Natural Resources. Simply because this happened:

http:// dealbreaker .com/2009/07/unfounded-rumor-of-the-afternoon-JPM-intern-worked-into-seizure/

KJ

CredentialFocus .com
Premium finance recruiting services

Feb 3, 2010

So I'll just list the groups that dominate their respective areas (in no particular order):

1. real estate: very strong. them BAML and Citi run the space

2. LevFin: great HY shop. I don't know if I agree with the previous poster's comment about sponsors. At the analyst level, either you head to sponsors or to LevFin (I have yet to come across a big balance sheet bank where both groups are equally strong. Look at BAML: LevFin >>>> Sponsors)

3. Healthcare: they just dominate the space. No one's close. On every deal. This year, they're at least 100MM in fees above 2nd place.

4. Industrials: simply because clients need securitization help, they rely a ton on Citi, JPM, and BAML. Very good industrials grooup.

Other groups:

1. TMT: good group, good culture, but the headstart GS and MS have is so unconquerable that you may be passive bookrunner on a ton of crap and may miss out on strategic advisory opportunities

2. Power: good group. They, Barclays, and maybe MS are strongest in the power space

Haven't heard anything about consumer. M&A is always a solid choice, but the experience differential isn't so much better than say, TMT. So it's a good group, but I think the other groups (LevFin, HC, Industrials, RE) are better options. Ping me if anything else.

at a BB, not JPM.

    • 1
Feb 3, 2010

Seems to be a consensus that DI, HC, FIG, TMT are strongest coverage groups in terms of exit opportunities. I have a couple of questions about these. While FIG is very well regarded, isn't it very specialized making exits hard to come by because the skills learned there aren't applicable across industries. And in response to ivyhockey's last post, althought GS TMT is far and away the best TMT group, don't they focus primarily on the tech side of things and JPM leads media and telecomm which is why their TMT is very strong?

Feb 3, 2010

SLF, M&A, HC, TMT, FIG.

    • 1
Feb 3, 2010

There is another thread about this on the front page. Take a look at the responses there.

Feb 3, 2010

always.

Feb 3, 2010

Any group associted with credit derivatives.

Feb 3, 2010

bump bump bump it up

livin large in miami

Feb 3, 2010

Traditionally Credit, rates, hybrids...

Feb 3, 2010

They are a derivatives powerhouse across the board.

Feb 3, 2010

M&A and Natural Resources are also very good. I think FIG might be there also, but not sure.

Feb 3, 2010

It's a commercial bank too so I'm assuming there LevFin group must be pretty good.

Feb 3, 2010

Hahaa my bad didn't read the OP's post as well as I thought

Feb 3, 2010

natural resources at JPM is the TOP, even better than Goldman...

Consumer and retail, TMT at JPM is also very good.

Feb 3, 2010

Telecoms is really good not sure about media and technology.

Feb 3, 2010

one of my friends works at JPM in some equity group and only works about 80 hrs a week, so she has somewhat more of a life than other bankers

Feb 3, 2010

I think M&A is probably the best group at JPM.

FSG at JPM is more of a coverage group. SLF is also great.

I think either of of these groups will help you get into PE.

Feb 3, 2010

How would the work differ between the above mentioned three groups?/

Feb 3, 2010

Are the work and exit opps in FSG and SLF comparable to FIG... if so, how?

Feb 3, 2010

anyone?

Feb 3, 2010

Fat balance sheet = sponsors

Feb 3, 2010

any info?

Feb 3, 2010

no one has any thoughtsi1/4Y

Feb 3, 2010

CHR is top. But you could be put in the retail portion, which operates out of Dallas. Boo. M&A works you to death, but the experience, exit opportunites, and bonus are rumored to be awesome.

Feb 3, 2010
IBCuriousGeorge:

CHR is top. But you could be put in the retail portion, which operates out of Dallas. Boo. M&A works you to death, but the experience, exit opportunites, and bonus are rumored to be awesome.

Less than half the retail team is in Dallas.

Feb 3, 2010

How much work does the Sponsors group actually do if their is a sponsors coverage group within their leveraged finance product group?

Feb 3, 2010

I'm only looking at the New York office, so I don't think Dallas is a worry. However, I've heard that CHR has ridiculously long hours (a scary statement considering ibanking standards).

Feb 3, 2010

Is M&A really that legit? I have a friend that went to a complete non target that got in that group..

Feb 3, 2010

Are you sure JPM LevFin does not model?

Feb 3, 2010

You realize all firms have templates... rarely would you ever build a model from scatch...

Feb 3, 2010

OMG they don't model?!?!?!?!?! NO WAY YOU'LL EVER GET INTO KKR/Blackstone/TPG/CARLYLE!!!!!

Feb 3, 2010

I'm sure everyone uses templates. It seems like the only way to really find this out is talk to people at the firm a and find out where they place analysts.

My guess:
1) M&A, NR, FSG, SLF, FIG

Feb 3, 2010

JPM Lev Fin has 2 sides.....origination and the capital markets side.

Origination side does credit analysis and modeling. Capital markets sides is....capital markets lol.

Feb 3, 2010

Nomura doesn't really use templates since they are just starting out in the States, but yeah most other banks use templates.

^ that's what a friend told me anyway. he said this is actually an annoying part of the job since he has to start everything from scratch (this goes for random documents and crap like that)

Feb 3, 2010

How much work is for sponsors (LBO, div recap) and how much for corporates (unfunded revolvers, liquidity lines, leveraged capex loan) in leveraged origination at JPM and how is your relation with corporate banking bitches? Is the group further split into financial sponsors leveraged finance origination?

Feb 3, 2010

bump

Feb 3, 2010

bumpo

Feb 3, 2010

I wanna hear more on this

Feb 3, 2010

I know a guy who used to be in sponsors at JPM and he said while it was good back then (3-4yrs), its shit now. He said each year the group got smaller and smaller and that they don't do much at all anymore.

Feb 3, 2010

Anyone else know what the top groups are currently, EXCLUDING the M&A group? It seems like consensus is that M&A is best, but outside of that, there's less agreement. How about among the coverage groups? TMT, FIG, healthcare, etc?

Feb 3, 2010

For clarification this is in NYC

Feb 3, 2010

I did one last year with S&T and had a really awesome time.

.

Feb 3, 2010
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