JP Morgan First Round Phone Screen

zsdvnm1's picture
Rank: Orangutan | 314

Hey guys, so I was just offered a first round/phone screening for the 2018 IBD SA program with JP Morgan. I'm a bit confused, as I would've expected a HireVue or something like that (because its 2017). Its with an Analyst in an industry coverage group, and I was just wondering what to expect. Any input would be appreciated!

Comments (25)

Jun 28, 2017

I have heard that phone screens will be a combination of behavioral and technical questions (especially since it's an analyst and not HR). I would study up on your story really well (why banking, why this bank, why you etc.) and would also brush up on basic accounting and valuation questions.

Just curious as to how you got an interview this early?

Jun 29, 2017

Thanks, yeah I assumed it might be a bit more on the technical side. I got the interview through intense networking and hustling! But some people in this group told me they were also running an accelerated process for some candidates, so I assume that's what this is.

Jun 29, 2017

Awesome man, best of luck!

Jun 29, 2017

thats good news man, hoping it all goes well.

Jun 29, 2017

It all depends on the school that you attend. Assuming that you are at a target they won't ask you anything that you shouldn't already know. The analysts are recent graduates from your school and know what you learn. Just be yourself and hopefully they know and like you already that is most of it from my experience. Also if you're at a target it's nice because your first and only round.

Jun 29, 2017

Target schools only have 1 round for SA? Since when?

Jun 29, 2017

IBD or S&T?

Jun 29, 2017

IBD

I would say I'm a west coast semi-target not explicitly a target

Although, the person in charge of recruiting for my school is an analyst and a recent alum.

Jun 29, 2017

At JPM, they have only had one round for SA at targets for the last four years. I have no idea what it was like before then.

Jun 29, 2017

There's no super-day, second/third round, etc? Just one 30 minute interview and then you know if you got the position or not?

Jun 29, 2017

That's my understanding as well...(1 30-minute interview and offers are extended soon after)

Jun 29, 2017
MMonkeyY:

That's my understanding as well...(1 30-minute interview and offers are extended soon after)

so much for due diligence, eh? even back office has multiple interviews for most BBs

    • 1
Jun 29, 2017

GibsonLA, there are final rounds in your situation.

Jun 29, 2017

So does anyone have any input/suggestions to the actual interview itself?

Jun 29, 2017

Do offers usually get extended the day of the interviews?

Jun 29, 2017

For FT or SA?

Jun 29, 2017

Depends on what LOB and what the internship specifically entails. It's important to note that JP has 6 major LOBs:

JPMorgan: Investment Banking, Asset Management, Treasury & Securities Services
Chase: Retail Banking, Commercial Banking, Card Services. You should have an idea of which LOB you'll be working in. That will help in your prep when you research the company.

I highly doubt the interview will be technical (1st round) unless of course its for a tech position. This sounds like the CADP (Corporate Analyst Development Program).

If you don't mind me asking, what's your classification and is this in NY headquarters?

Flawless ambition

Jun 29, 2017

Wear whatever the hell you want as long as it's a suit and it fits. I don't understand what the Americans have against cuffs....

Make sure you know the markets, know the role, know WHY YOU WANT TO DO IT and why they want to work with you.

Jun 29, 2017

Do not wear cuff links.............................

If you know the product know the technicals for it. I.E. if you're auditioning for fixed income know duration, convexity, prepayment risk, yield curve/price relationships, etc. If it's for equity be familiar with ADR's, synthetic positions, recent transactions that JPM has been a leading underwriter, etc. Equities just axed 2 dozen people; maybe ask how the business model is changing and how computers at taking away jobs. Kidding of course.

Regardless of product know current levels for the dow, s&p, crude, and general things that show you're passionate about the markets. Send me a pm if you have more specific questions.

Jun 29, 2017