JPM Asset Management - Info on position?

Rank: Monkey | 60

Hi all,

I have a question regarding JPM Asset Management. I just had interview with the global equities group and it went fairly well.

It seems like that the position is client facing, and more on the client portfolio side, as opposed to the portfolio management side. So, essentially, the group meets institutional clients on behalf of the firm to communicate performance, market trends, and different investment solutions. They work with portfolio managers on diff things.

Does anyone know more about this position? How is the compensation and exit opportunities? What skillset is developed here? CFA is encouraged as part of the 3 yr program.

Thanks a lot!

Comments (23)

 
Dec 31,2009
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Dec 31,2009
 
Dec 31,2009

just accepted an offer in the PB so a lot of the platform is similar as is the investment process. (Much of portfolio management decision trickles down from the jpm CIO so strategies are similar). The AM group is different just in that the clients are institutional and client meetings are with that firms investment advisers. Exit Opps range from sticking with AM, many go back to get MBA, some move over to the PB or PWM, some go to PE/HF. Movement into IB is tougher without an MBA.

 
Dec 31,2009

Would moving to become a portfolio manager be difficult from this position?

 
Dec 31,2009

A long long way down the road you could be a PM...even at small investment shops the PMs have at least 15 years experience in other roles before making the big decisions.

 
Dec 31,2009

Stros88, which office??

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Dec 31,2009

You could ask the FA you're working for just to play it safe.

 
Dec 31,2009

Almost all of the admins, support staff, interns, etc. that work under an FA or a team of FA's are Client Associates. You don't need to ask your FA, just list it as "Intern, Global Wealth Management" which follows the standard format of "Position, Division"

 
Dec 31,2009

CSA is basically just a glorified secretary who can execute trades.Its a good internship prior to your junior year when you go into recruiting for IB, etc.

CSA is a great start if you want to be a financial advisor. Do it for a couple years, learn the business, get some contacts and get licsnesed.

 
 
Dec 31,2009

70+10 for both IM and PB is JPM and street avg

 
Dec 31,2009
acljnle0:

70+10 for both IM and PB is JPM and street avg

Maybe that's what it was a couple years ago, but it's more like 55-60 base now.

 
Dec 31,2009
PSH2:
acljnle0:

70+10 for both IM and PB is JPM and street avg

Maybe that's what it was a couple years ago, but it's more like 55-60 base now.

You're saying that base WENT DOWN?

 
Dec 31,2009

SAs were paid a prorated 60k last summer not including bonus, so that should give you a good indication on what the FT salary is.

 
Dec 31,2009

Errr, I've heard $70k+10 from, well, everybody...

"You stop being an asshole when it sucks to be you." -IlliniProgrammer
"Your grammar made me wish I'd been aborted." -happypantsmcgee

 
Dec 31,2009
Denver Monkeyannabe:

Errr, I've heard $70k+10 from, well, everybody...

Well, I have seen an offer letter, and it's not 70 + 10. Maybe that's what it is in NYC, or maybe that's what it was 3-4 years ago, but 2011 FT in a regional office is 55k + 7.5k sign on.

 
Dec 31,2009

...

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.

 
Dec 31,2009

its 70+10 in nyc. for sure.

 
Dec 31,2009

do u need prior work experience in AM to get FT AM?

 
Dec 31,2009

I interned at JP and the prorated amount we got was 85k....I haven't been able to find a AM bank that paid the same since.

Granted, Staying at JP after those 3 years in the analyst program is tough. So many 3rd year analyst had to leave to other positions or firms after their 3 years was up because there is no guarantee you will be an associate. Only 3 people passed the "A to A" test in our office. One stayed in AM, One left to another firm, and the other had a different position in Corp. Banking. The 85k isn't worth it at the end because it doesn't last.

So yea, you will be making 85-95-105 as an analyst before bonus, but once your out...GOOD LUCK. =/

 
Dec 31,2009

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