JPM Asset Management - Info on position?

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!

 
Best Response

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.

 

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.

 

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
 

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. =/

 

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