JPM Finance Analyst or Citi Operations?

JackDonaghy's picture
Rank: Monkey | 33

I'm in a bit of an offer quandry.

  1. I currently have an offer with JPMorgan in their Finance Analyst Development Program in Delaware (ugh).
  2. I'm 90% sure I have a 2nd round interview with Citi for their operations program.
  3. I'm waiting to hear back, interview-wise, from BlackRock for their trading and analytics analyst position in their Solutions Center.

How would you rank the above positions in terms of salary, ability to advance not only within the division, but to a more prestigious role in the company (Not all the way to IBD, but maybe trading.)? Also, if I took the JPM position, I'd be looking to get out of Delaware ASAP.

Any insight would be greatly appreciated!

Comments (11)

Oct 12, 2008
  1. I'm waiting to hear back, interview-wise, from BlackRock for their trading and analytics analyst position in their Solutions Center...is a Help Desk position. You literally sit and wait and work w/ Aladdin and help solve trader issues/troubleshooting. I would highly recommend against it. Try PAG (Portfolio Analytics) or IPG (Investments Products).

Citi Ops is Citi Ops, but it's a tough call compared to JPM Finance. If you get placed in a good group w/in Ops, it can be fun/interesting and have a slight chance to move into Trading (assuming you're working w/ traders all day). Then again, you could be placed in a crappy documentation group.

Although JPM is in Delaware, the transferable skillset would most likely help for future opportunities. However, it is still mostly BO/MO Finance.

I am in a similar situation...so yeah, it's up to you.

I'm pretty sure that they pay 55K base (Citi and JPM) w/ 7.5 - 10k signing. Neither pays overtime I'm told.

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Oct 13, 2008

I was afraid that's what the BlackRock job would end up being...

The JPM offer is $48k base/$5k signing. Gotta love shitty delaware pay.. If it was in NY, I'm sure it would be $55k.

Oct 13, 2008

From the research that I've done, if I was in your situation I would definitely choose the JPM FA position. PleaseHireMe is right that it is the most transferable and will help you later on to get into a good b-school and whatever job you want if you make the right contacts.
Also, Ops in general can limit your options in the future unless you work very hard at building the right contacts and really impress.

Also, yea the pay is lower than nyc, but for my buddies living in ny making 55ish k...its like nothing over there, so itll be easier to get by with the pay in Delaware.

Oct 12, 2008

The rent in NYC/NJ-Jersey City/Hoboken area is a killer

Oct 13, 2008

I don't know if it's the norm, but an alum from my school went into this same program, transferred to commercial banking at JPM, and after four years went on to HBS for a dual-degree. I think if you're planning on sticking it out for a few years and working hard, my sense was it could lead to decent things. Maybe if you clarify what some of your LT goals are.

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Oct 13, 2008
Alphaholic:

I don't know if it's the norm, but an alum from my school went into this same program, transferred to commercial banking at JPM, and after four years went on to HBS for a dual-degree. I think if you're planning on sticking it out for a few years and working hard, my sense was it could lead to decent things. Maybe if you clarify what some of your LT goals are.

Getting into a good B-School is definitely in my future plans. Everyone I've spoken with outside of this forum have also said that JPM is the way to go. As much as I don't want to live in Delaware for any period of time, I think I'm just going to bite the bullet and ride it out for a year or two then move up to NY.

Oct 13, 2008

JPM FA for sure. As an undergrad looking for jobs, I can speak on behalf of my peers that JP is much safer (safe as in compared to the fiascoes occurring around us)...it is in Delaware which is not fun..but right now is not the time to be picky..it is the time to be smart.Go for the FA. Besides Citi Ops does not even have a rotational anymore.

Oct 12, 2008

Definitely leverage this in other interviews if you are still searching.

You never know, stuff may open.

But I think your JPM offer is solid and will lead to good places.

Remember, it's not just the position. Have motivation and get close w/ your managers and they'll probably help you out.

Besides, DE isn't the end of the world...I knew people in Counterparty Risk @ BlackRock who were in Delaware and loved it. Get to know the place, give it a chance...you may like it. New life = mad girls.

Oct 13, 2008

I just had a phone interview with GE for their Investment Analyst Program (IAP) in Chicago.
Which would you recommend taking? A Finance Analyst position with JPMorgan in Delaware or a position in GE's IAP in Chicago?

Thanks for your input.

Oct 18, 2010
JackDonaghy:

I just had a phone interview with GE for their Investment Analyst Program (IAP) in Chicago.
Which would you recommend taking? A Finance Analyst position with JPMorgan in Delaware or a position in GE's IAP in Chicago?

Thanks for your input.

IAP is more Audit type of job. at least 50% travel. based in Chicago or Norwich, CT for the other 50% time ur not traveling around the country. I think JPM has a better rep, IAP is more of a leadership program, but u don't have to leave the program if u didn't get promoted to an in-charge analyst.

[Make the best out of life]

Mar 21, 2013
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