Best Trading Desk in JPM
Hi all,
This is my first post. I've looked through countless pages and can't seem to find the answer to my question, so apologies if its out there somewhere already!
I have an internship this summer with JP Morgan in Sales and Trading in New York. I'm more focused on the trading side of things and have been for a while. Does anyone know which desks are regarded as the best in JPM? I'm just wondering as to which ones I should be looking to get on during the summer.
Also more generally, I'm unsure of which assets class I would have preference in trading when I leave college. What is everyones opinion on the assets class with the most potential in the coming years? I read somewhere that it will be FX?
Thanks
Checkout this recent slide from a JPM investor presentation. It should give you a better idea of which group may be one of the "better" desks at JPM.
http://dealbreaker.com/2012/02/its-probably-best-not-to-think-too-hard-…
[quote=CatsLHP]Checkout this recent slide from a JPM investor presentation. It should give you a better idea of which group may be one of the "better" desks at JPM.
http://dealbreaker.com/2012/02/its-probably-best-not-to-think-too-hard-…] Thanks for that - appreciate it. Good to see a breakdown like that before going onto the floor.
Is Fixed Income generally seen as JP's strongest asset class?
Perhaps 'best' was the wrong word, I meant the one with the most potential, prestige etc.
Yea keep looking at it this way and you'll end up on a desk that you don't like.
By best you should mean which is the best fit for you. Prestige is one thing. Whether the desk is good and has decent people is another thing.
Their Rates desk in NYC is pretty good, and great people.
Are you looking for a job you enjoy with nice people or for bragging rights ?
rates and credit. they invented the credit stuff back in 1980s and 90s.
Thanks for replys.
I undertand fit is important, people must be nice etc etc
But I'm just wondering hypothetically, all other things being equal, which desks generate the most profits for the firm. That way if I were lucky enough to have a choice between a few I could take it into account.
So it looks likes rates and credit...
Thanks
Found this if anyones interested http://www.wallstreetoasis.com/forums/the-best-st-desks-at-bb
JP Morgan MBS Desk (Originally Posted: 11/18/2013)
Does anyone have any insights into the MBS desk at JPM…Is it a good group? How it ranks to other BBs?
Greatly appreciate any help
Pretty sure its top on the steet
Ye, it's good... Not as good as it used to be before, but still good.
Very solid. I know they lost a guy to the CIO or some other buy-side gig recently, also some turnover on the sales side. IMO they are better at PT than specs and better at 30 YR then 15 YR.
What is JP Morgan's best group to be in within trading? (Originally Posted: 10/26/2007)
What is JP Morgan's best group to be in within trading?
credit
How about QRDT?
JP Morgan S&T Desk (Originally Posted: 03/07/2010)
What's the best S&T desk at JPM?
The wooden one.
hall of fame answer
They have a lot of good desks. They are very good with derivatives, especially Credit Derivatives---they invented the goddamn things.
This is right. I have a friend who left Citadel to join JP Morgan's credit derivatives desk. He now trades exotic derivatives for them and made roughly $500K this past year. And he's only 25 years old. He also said the #1 associate in his group brought home $1.8 million.
JPM S&T Group Rankings/Advice (Originally Posted: 03/06/2013)
I've accepted an S&T offer with JP for this summer, but am having a hard time finding information about groups within the division (supposedly we go through the group "matchmaker process" in about a month). If anyone can paint some additional color regarding intensity, exit opportunities and I suppose "prestige"/reputation within the industry (whether based on personal experience or hearsay - I'm generally most interested in equity sales, but any and all input is great!), it'd be greatly appreciated.
Thanks all!
I hear that JPM is very good all around FICC... Don't know much about equities though.
Hey, indecisiveintern2014, I too have accepted a JP S&T offer for this summer and am interested in the answers here. I posted somewhere else and got a brief response.
From what I understand: Rates, Credit, Commodities are strong.
http://files.shareholder.com/downloads/ONE/2354346300x0x638410/6c89883b…
Page 6 of the PDF (or 5 of the presentation). Chart on the right. Obviously there are lots of subtleties not captured by rankings such as these, but it doesn't look like you can go wrong with any desk there.
^^^.....commodities rankings = lol db top 3? how about db dq.
ms? selling off tons of their assets.
citi 2nd tier fx? who made these things?
More to commods than power & gas.
IMO, both MS and DB are ahead of the curve with the impacts of DF and Basel III. A shift from prop to client. Running a phys business is expensive.
lol i was wondering if anyone would notice the rating DB got for commodities. You'll note my disclaimer.
MS commodities selling off tons of assets? Thought the unit was getting sold off.
Who makes these things? Coalition, apparently.
you're right actually i think the whole unit is getting sold off.
only people still standing in commodities are citi, baml, barclays, jpm. goldman is there too just hearing j aron has had a rough past few years.
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