JPM FIG vs Mid Tier BB FIG

have an FT offer for JPM FIG and am currently an SA at a mid-tier BB (BOFA, Citi, CS, Barclays. Like my team and all but am dead set on PE, will being part of JPM FIG help me a lot in the recruiting process, or would I get the same interviews from my mid-tier BB?

 

All of those mid-tier FIG groups are solid (most FIG teams are pretty good because of the amount of deal flow FIG as a sector gets. However, JPM is considered a top FIG shop on the street below just GS and possibly Lazard, and you'll likely get better looks from JPM. I'd like to caveat that FIG is a pigenhole, as mentioned by others on this site, but it is comparatively easier to go to a generalist shop with a FIG practice since it is arguably harder to transfer into FIG than out of it. It is also possible to do generalist recruiting but that takes a lot of effort and at least a little luck (but I have seen it done). If you really like your group though, don't leave. JPM FIG is reputed to be a sweatshop with a tough culture, and in all honesty exit ops are less about group and more about you, so if you'd like to enjoy your life somewhat for two years go to the group you get along with people the best

 

JPM FIG is a good group. It is "better" than the other FIG groups you mentioned and the exits have been solid (including non-FIG roles). That being said, I have heard terrible things about the culture (and lifestyle) from two friends who had worked in the group (and both exited to non-FIG PE). If you really like your current group, it might be worth staying. JPM name may help slightly with landing interviews but nabbing offers will largely come down to individual ability.

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I know someone who works there (associate) and when I last spoke with him he said the group does not have a terrible culture the way everyone here describes it, although I do think they work very hard and the hours aren't great compared to other FIG groups or other groups within JPM. If I were in my senior year and I were in your situation, I would take JPM FIG without a doubt. But after two years in banking I've realized how important fit and culture really has been in making me a successful and (somewhat) happy analyst and also lucked out and found an exit opp I'm really excited about. Try to dig a little more into what the team at JPM is like and if you can picture yourself there.

With that said, if you are 100% certain PE is right for you and want to best position yourself for recruiting, I would take JPM FIG.

 

OP here thanks for that, it's even tougher to see how well I mesh with my current group with the virtual environment, do you know if the JPM analyst team is very tight-knit?

 

Thought JPM FIG hasn't even started FT recruiting. OP, do you actually have an offer?

 

Thought JPM is only extending return offer to SA this Friday? So they already finished FT recruiting before giving S.A. offers?

 

If you’re dead set on PE would definitely go to JPM. FIG beyond the top few shops (GS/MS/JPM) drops off significantly in terms of exits and ends up pigeon-holing you a fair amount. Know a number of Barclays and CS former FIG analysts who weren’t able to land buy side offers and have become IB associates. JPM FIG culture isn’t meant to be great, but the exits will be meaningfully better and it is one of the only FIG groups that will open up the possibility of strong generalist roles as well. For what it’s worth and not sure of the reason for this, but the culture sucks at all FIG groups - GS, MS, CS and JPM all amongst their worst, not sure on the others.

 

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