JP Morgan Culture NYC

boowah's picture
Rank: Chimp | banana points 5

Hi I have an unofficial interview with an executive director at JP Morgan IBD in NYC.

I wanted to ask about what the culture is like and what kind of people they look for in new hires. I've heard that people who work there tend to be pretty chill but do work and play hard as well.

JP Morgan Chase Corporate Culture - New York City

Generally speaking, our users spoke very highly of the culture at JPM. The culture was described as laid back, supportive, and full of nice people.

Gekko21:

Overall, I think they have a great culture. Everyone I know is very laid back and easy to talk to. I have also met enough people to know that while everyone is very nice and helpful you can still find your "tribe"---whether it is more quantitative or more socially gregarious.

Beef - Investment Banking Analyst:

Can't speak for the NY office, but my impression of JPM as a whole is that they tend to hire people whom they think will stay for the long run... and they also treat you that way (i.e. they don't make your life that miserable because they don't want you to leave). That may have been just my experience though.

makers mark:

Nothing but good things from my experiences. Had a friend who just summered there and said that most people are relatively calm and not harsh when bringing up any mistakes you've made, will go out of their way to help you out, etc. Met a few analysts and associates and they all seemed like cool people (and I would not say the same for every analyst at other firms I've met).

However, not all experiences have been positive.

tdave:

I don't know where these commentators are getting their stories from but from what I know, JPM NY culture is terrible. Almost 70% of their summer associate class from my school turned down their offers because they hated their summer experiences there. They have also pissed off a lot of people on campus because of their bizarre recruiting practices (their obsession with touch points is just way out of the ordinary and borderline scary). The reputation is so bad, that I know someone who turned down a JPM offer for a MM firm.

You can read more about JP Morgan Chase on the Wall Street Oasis Company Database.

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Comments (51)

Feb 6, 2011

You could ask him?

Feb 6, 2011

Great culture in my opinion, I interviewed with a couple groups at JPM and every single person I met was very laid back.

Feb 6, 2011

Overall, I think they have a great culture. Everyone I know is very laid back and easy to talk to. I have also met enough people to know that while everyone is very nice and helpful you can still find your "tribe"---whether it is more quantitative or more socially gregarious.

Feb 6, 2011

Can't speak for the NY office, but my impression of JPM as a whole is that they tend to hire people whom they think will stay for the long run... and they also treat you that way (i.e. they don't make your life that miserable because they don't want you to leave). That may have been just my experience though.

Feb 6, 2011

Nothing but good things from my experiences. Had a friend who just summered there and said that most people are relatively calm and not harsh when bringing up any mistakes you've made, will go out of their way to help you out, etc. Met a few analysts and associates and they all seemed like cool people (and I would not say the same for every analyst at other firms I've met). Good luck man.

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Feb 6, 2011

I hear rough things about natural resources -- dealbreaker comments on http://dealbreaker.com/2009/07/unfounded-rumor-of-... basically said it had the worst culture. not sure how accurate it is though

Feb 7, 2011
machinegunfunk:

I hear rough things about natural resources -- dealbreaker comments on http://dealbreaker.com/2009/07/unfounded-rumor-of-... basically said it had the worst culture. not sure how accurate it is though

Was on their floor over winter break for an interview. Cant say much about their culture but the guy didn't seem like too much of a douche. Didn't see anyone who wanted to jump off the 30th floor so it can't be that bad.

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Feb 6, 2011

Yeah I agree with everything everyone said. I didn't meet any "arrogant" people, everyone was extremely cool. You have to show your a genuine people person.

You give me a gift? BAM Thank you note! You invite me somewhere? POW RSVP! You do me a favor? WHAM Favor returned! Do not test my politeness.

Feb 6, 2011

That DB article is hilarious. Spoke to friend of mine who did SA at JPM NatRes last year and his experience was very positive. He accepted the full-time.

Feb 7, 2011

Met them in London and know guys in Dubai, very sharp with low douchebag-to-banker ratio in my experience.

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Feb 7, 2011

JPM is one of the best houses on the street.. I might be biased.

Feb 7, 2011

Interesting to hear the opinion among professionals, there's a different attitude among prospective monkeys.

Feb 7, 2011

At least in London JPM is known as being an absolutely brutal place to work. Did a work shadow in S&T there a few years back and the place was full of the most arrogant twats I had ever met at a bank.

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Feb 7, 2011

^^^^I don't know where these commentators are getting their stories from but from what I know, JPM NY culture is terrible. Almost 70% of their summer associate class from my school turned down their offers because they hated their summer experiences there. They have also pissed off a lot of people on campus because of their bizarre recruiting practices (their obsession with touch points is just way out of the ordinary and borderline scary). The reputation is so bad, that I know someone who turned down a JPM offer for a MM firm.

Good luck!

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Feb 7, 2011
tdave:

^^^^I don't know where these commentators are getting their stories from but from what I know, JPM NY culture is terrible. Almost 70% of their summer associate class from my school turned down their offers because they hated their summer experiences there. They have also pissed off a lot of people on campus because of their bizarre recruiting practices (their obsession with touch points is just way out of the ordinary and borderline scary). The reputation is so bad, that I know someone who turned down a JPM offer for a MM firm.

Good luck!

this

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Feb 7, 2011

what is a touch point?

Feb 7, 2011

I still don't get it what's a touch point

Feb 6, 2011
ambition56:

I still don't get it what's a touch point

You don't want to know.

Feb 6, 2011

Perhaps there is a disconnect between IB and S7T, but I have no idea what tdave is talking about.

Feb 6, 2011

I also don't know what tdave is talking about, or what a touch point is... can you elaborate?

Feb 7, 2011
Feb 6, 2011

As someone who has interviewed with 3 different divisions of JPM and knows a few 1st year analysts and EDs, I have not seen the culture that tdave is talking about. Maybe he got unlucky, maybe it is more common in banking, idk.

Feb 7, 2011

A touch point in IB on-campus recruiting parlance is a meeting (formal or informal) with a representative from a bank. Some firms are low-touch (e.g. DB/Citi/Greenhill & the other boutiques) but most are somewhere in the middle. JPM alone sits at the top - the firm is obsessed with meeting and evaluating you!

JPM bankers even keep a spreadsheet that tracks ALL forms of contact with a candidate - from phone calls to informational chats to conversations at cocktail events to email exchanges... everything). By the time JPM releases its closed-list, their top candidates each have as many as 30-50 different touch points logged into this creepy Excel spreadsheet that gets circulated to everyone on the school team. Oh, and they keep updating this Excel file throughout your summer internship. I wish I were making this up!

I referring to JPM's investment banking on-campus recruiting not S&T.

Feb 7, 2011

Er well I agree with the majority, JPs culture seems very accepting. As for this supposed spreadsheet, shrug, so they want to keep track of candidates, big woop.

Feb 7, 2011

christ...that's probably why I never got first rounds. That's creepy as hell

Feb 7, 2011

pretty sure every bank keeps tabs on how many events you went to, how many ppl you followed up with... mayb JPM's is a little more organized

Feb 9, 2011

I am going to be a SA at JPM this summer. I don't know why tdave is so negative on these "touch points". I had a ton of informationals with JP throughout the recruiting season and I felt like that was the best way to get to know the people in the bank and also the best way for them to get to know you. Otherwise you are just being judged based on a 30 minute formal interview which doesn't give them a good idea of what you are really like.

They also took a group of potential recruits from my MBA program out to a basketball game just to hang out with us. Obviously they were seeing how we act in a social setting. I was happy to do this and I think anyone who is skilled socially should be happy to do this.

The fact that they track meetings and interactions in a spreadsheet....so what? I know for a fact that many Ibanks do that. If JP does it more than the rest, I really don't see what is wrong with that. If you are a good "people person" you should be fine with them tracking your interactions that you have with the bank.

I think JPMs recruiting process was the best of all the banks. I had the choice of some great investment banks and I went with JP based on the people that I had met at the bank who all seemed very nice and down to earth.

Feb 9, 2011

^but judging/choosing who to interview based on how many "touch points" they have? that's absurd.

I'm all for networking, but there are plenty of students who are very smart, work hard in school, and would love to work at JPM--but what if they didn't know you had to get a certain number of touch points to be considered?

also, it's one thing to get first rounds because you really impressed a recruiter, but it sounds like JPM is actually screening out candidates based on this excel spreadsheet

Feb 9, 2011

i know one guy who was an analyst in nat res a couple years ago, very nice and laid back guy, for whatever that's worth

Feb 9, 2011

My good friend is an analyst in the group. It's very strong, from what I gather. Feel free to PM me and we can talk more.

Feb 9, 2011

Its a great group to join, I have had the pleasure to speak with a lot of people in that group at every level...Most notably/recently they worked on the sale of the financing arm of Chrysler to Cerberus.

Feb 9, 2011

better risk management

Feb 9, 2011

Currently speaking, better management.

Feb 9, 2011

I'd say London office is a little different because of JPM's recent acquisition/JV in England. Based on my experience, JPM people are more down-to-earth.

Feb 9, 2011

What acquisition/JV

Feb 9, 2011
nauru:

What acquisition/JV

Also, BS's operations.

I'm personally not fond of JPM's culture. Not since the way an MD treated a poor blonde analyst girl who broke her screen.

Just my 2c.

Just my 2c.

Feb 9, 2011
nauru:

What acquisition/JV

Their UK Investment Banking unit is a Joint Venture between JPM and Cazenove (a British Bank). A very successful one at that.

Feb 9, 2011

do you have offers from all three? if you dont then who cares

Feb 9, 2011

what about the quality of their people? diversity?

trying to find out if i would fit into their culture (i dont have offers from the other two firms, just trying to find out, how does JP Morgan differentiate itself from the rest and how is its culture)

Feb 9, 2011

The culture is very diversed. I great place to start your career with amazing training.

Feb 9, 2011

As stated above, very diverse. Interviews were very casual compared to other BB banks (hardly any technical questions). I have been told that it is one of the best places to do an internship.

Feb 9, 2011

I think the dark horse of banking - is doing really well.

Feb 9, 2011

Can you guys elaborate a bit. Do you mean the culture is diverse because there are a ton of a different races, or diverse as it varies from desk to desk ibd to ibd?

Also, what is the work atmosphere like... would love to hear from someone who trades or trade supports there. I know they are pioneers in derivatives and structured products.

Does anyone know anything specific, I have an interview shortly and would like to be able to sound like I know a little bit about the company, unfortunately I don't know anyone who is working there. Also, thanks to everyone above for the taking the time to post.

Feb 9, 2011

what do you mean by "exotics" ?

Feb 9, 2011

JPM is great in most derivatives area. they are a major innovator in the space.

which exotics desk are you talking about?

Feb 9, 2011
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