4/9/12

The Internship program at JP Morgan Securities emphasis on sales skills, financial acumen and firm culture, the program highlights include:
Introduction to JP Morgan Securities and the overall brokerage business
Introduction to firm's platform, products and solutions
Learning about current and historical markets, U.S. and International
Exposure to management throughout J.P. Morgan Securities
Working with an Investment Professional(s) or members of management doing various projects, confirming appointments, filing, prepping envelopes for mass mail projects, and any additional tasks provided by the Investment Professional, Sales Assistant, or Manager
Team and individual project work may include research, helping to develop a business plan and pitching to mock clients
Assist with generating various reports
Assist with company analysis, stock analysis and mock portfolio construction
Deliver various materials to clients/Investment Professionals as needed

This position is based in NY. Did anyone hear about this internship before? What is the compensation like?

Comments (22)

4/10/12

Yes, this is an internship most comparable to a gig at Merrill Lynch, Morgan Stanley, or any other wirehouse. Compensation should in the $10-20 per hour range.

Investment Banking Interview Course

4/10/12

So I should expect this internship as no difference to some regional branches in ML and MSSB?
And i should not consider myself as a "PWM SA"? lol

4/10/12

I can't say that for sure, but by looking at the job description I would say yes. Spinning it as a PWM SA would be a bit of a stretch, but if you are only a sophomore you would have the chance to open some doors and make it a PWM SA for your junior year!

4/10/12

Is it just S&T?

4/10/12

I could be wrong, but I think it houses their Prime Brokerage business. Perhaps PWM as well.

4/10/12

I think JWR34 is right but i'm not 100% sure.

XX

4/10/12

JPM Securities is heritage Bear Stearns PWM. JPM has their own PB/PWM, but the business model is vastly different than heritage Bear Stearns PWM (intergrated team vs. old school brokers). Bear PWM brokers did not want to change to how JPM did business and since the bear brokers were highly successful (and brought in a nice chunck of revenue), JPM management decided to not mess with what isn't broken.

4/10/12

thanks guys

4/10/12

JPM Securities LLC is the broker dealer / futures merchant of the holdco. They house the trading, investment banking, brokerage etc.

Investment Banking Interview Course

4/10/12

No, you'll never amount to anything if you work there.

4/10/12

I worked in that building, it's aight.

4/10/12

One is PWM under Asset Management. The other is S&T.

Strengths--culture, leadership, balance sheet, growth....lets put it this way, can you really find something that they are bad at?

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

4/10/12

Ok, but what about the analyst program? Do they only take from recent college grads or can you enter as a lateral hire? What exactly do they do in comparison to wirehouses like MSSB or BofA/ML? Are there teams or are people more analytical and doing more research for the firm?

4/10/12

Not exactly sure what you are asking? If your still in school then you enter an analyst program---they would be separate programs. You can lateral hire into them if they are looking for people/you have a contact.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

4/10/12

It's their S&T group that falls under the IB division.

http://www.jpmorgan.com/pages/jpmorgan/investbk/so...
If you have a question about a particular product, you should search this site.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

4/10/12

Thank you

Also, is there a securities division within Asset Management?

4/10/12

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

4/10/12
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