JP Morgan TMT

Any insight on JP Morgan's TMT group in New York? Any relevant info would be much appreciated. Thanks in advance.

JPM TMT

JP Morgan's Technology Media and Telecom group is the second strongest coverage group. They have consistently ranked top three in the industry for the past several years.

Overall the culture in the group is positive with students from a variety of universities (all elite). They have good recruiting options as well.

The JP Morgan TMT team covered:

from certified user @cruel3a

J.P. Morgan TMT has a strong reputation and it is considered one of the leaders in Telecom and in some other niches (e.g. payments). Analysts there have been recruited by top PEs shops including Blackstone and summer interns received HH calls for places such as Blackstone and SilverLake.

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Comments (28)

Oct 26, 2013

great group. Know of a lot of people there. For analysts, decent exits. For associates: very high churn rate. Not sure whether that's more a function of hours/burn-out vs. opportunities that exist on buy-side/boutiques.

Oct 26, 2013

Thanks for the insight. Any hockey guys in the group?

Oct 26, 2013

Met a VP there once, told me I had no shot at breaking in.

Oct 26, 2013

Have friends who worked in that group go to MF's and top B-schools, consistent top placement. One of the top coverage groups at JPM. Very analytical group with strong deal flow. However, burnout rate is high.

Oct 26, 2013

They're still hiring for FT? Pretty sure they were done.

Oct 26, 2013

Been in touch with some people in the group regarding SA recruiting

Oct 27, 2013

Besides Sponsors, it is their strongest coverage group. It consistently ranks in the top three in the league tables, vying with GS and MS perennially. Analysts enjoy good (but not great) recruiting. M&A, Sponsors, and Lev Fin get the best looks there; the firm has product groups and as we all know, funds value deal experience highly. Sponsors bucks that trend and does well for two primary reasons: there are no associates (so analysts get great experience) and seniors proactively go to bat during recruiting season.

TMT is a very good group and from what I could tell, the culture was pretty good. I speak with some conviction on that because I almost accepted an offer to go there before choosing another bank, and that was the only industry group I was looking at. Someone one year ahead of me from my school, someone three years ahead of me from my school, as well as a very good friend from another school from my year placed into the group.

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Oct 27, 2013

@APAE Can I PM you with a few questions about the group?

Oct 27, 2013

Yes, feel free.

Oct 27, 2013

Outside of the product groups (and sponsors), which are the strongest JPM coverage groups besides TMT?

Oct 27, 2013

Diversified Industries seems to be spoken of highly within the firm, can't comment on how its analysts fare in terms of placement.

FIG is always at the top end of the league tables as well. Also in GS' shadow. Something of the Harvard group of the firm; a lot of Harvard grads end up in the group, which leads to more weight on the recruiting team, which leads to more Harvard interns, and the cycle perpetuates. Solid FIG PE placement year after year, some non-FIG PE occasionally as well.

Oct 28, 2013

JPM FIG has a chip on its shoulder. They boast the #1 FIG practice on the street but routinely lose kids to GS FIG and they hate it. Placement in the group is decent, lots of JC Flowers and a handleful of THL from time to time.

Oct 27, 2013

sa or ft?

Oct 27, 2013

@wilsonjones SA

Oct 28, 2013

Love the college kids on these boards. Please continue to pollute these boards with your misguided views. I work at a MF and can personally tell you that any elite boutique is going to place better than JPM.

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Oct 28, 2013
Oct 28, 2013

What a clown.

Oct 28, 2013

^ go-to college kid who claims to understand buyside recruiting but hasn't even started FT yet. How many partners in MFs have you met? Zero.

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Oct 28, 2013

Where in this thread did APAE make a comparison of JPM's exits to those of an elite boutique? Sure, you can discredit my opinion as a college kid (although I'm personally familiar with JPM FIG with regard to their culture and recent placement) but this guy routinely produces awesome content and is one of the most patient and helpful posters on this site.

Congrats on your MF job but there's no need to be a dick especially when you add nothing to the conversation or provide zero insight regarding the OP's question. I can't believe this is turning into an Internet flame war.

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Oct 28, 2013

You're a fool for thinking any MF professional would post on these forums. Please proceed to network with MF associates and tell them that you learned so much from WSO. Sure way to not get a MF job.

Best Response
Oct 28, 2013

I actually know several megafund employees (pre-MBA and post) who are contributors to this forum. Some are alumni of my group or school, others are simply those I've met by happenstance.

I don't think any reasonable individual would voluntarily offer up that this site was a resource in their professional development, particularly in the recruiting process. That being said, there's a wealth of information on this site; the discerning reader can pretty easily winnow out the quality content from the bullshit.

As one datapoint within many, this site can be useful. Just as you wouldn't take what Joe Blueballs the daily featured guest on Bloomberg says as Gospel truth without fact-checking it for yourself, one shouldn't take everything on here as factual without doing his best to corroborate it with other information.

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Oct 28, 2013

+1. Troll changed his username.

Oct 30, 2013
Comment
Oct 30, 2013