JPM Operations Analyst Career Progression
I am going to be interning as an Operations Analyst at JP Morgan in the summer. I am a junior so I will be graduating after next year. My major is as an industrial engineer. I am not extremely familiar with the finance world. What would be the usual career progression as an operations analyst for JP Morgan. Also, what is the compensation and bonuses associated with each level.
On a side note, how flexible is JP Morgan with location? Thanks!
I've interned with JPM Ops so I can provide some background...the typical career path for someone in your shoes would be this intern program, get offer at the end of the summer, and then work full time on a specific Operations team (could be for investment bank, Asset Management, commercial, consumer banking, etc.) From there the career progression tends to be you work from being an Analyst, to associate, to VP, Exec Director, Managing Director, CEO. So basically with the more experience you have, you move up to gain more and more responsibility.
Ops is generally a good fit for those who are smart, can work with people, and are able to solve problems. The people who stay away from Ops generally have very specific career goals in mind (i.e. they need to be in IB, need to trade fixed income, etc.) If you're not very familiar with the finance world and have no idea which of those areas might interest you, the JPM Ops program can at least give you an idea of what they do and what all those other parts of the business do as well.
Location for Ops is typically either Newark, DE, NY Metro (think Brooklyn/Jersey City), Columbus, Ohio, or Chicago. We had kind of a mixed bag in our intern class, the recruiters originally told us we were recruited for a specific location and expected to stay there, but almost everyone who requested a location change ended up getting in.
Operations with JPM after undergrad (Originally Posted: 01/31/2014)
I'm graduating from a non target school this spring. I have an offer in Ops with JPM in their IB. I was wondering if anyone can shed some light on Ops. ...Mainly, what are my options for forward advancement? Also, does working in such an Ops position limit my chances for breaking into trading, front office IB, etc. down the road?
1000's of posts on here about BO roles + exit ops. Use the search bar in the top right.
by the way - i wouldn't recommend using your real name on here. it's pretty easy to find you on linkedin.
UMaryland isn't that non-target!
LOL
Take everything you read hear with a grain of salt. Ops at a bank like JPM isn't bad at all
thanks for the advice.
Will you be in the Newark, DE location? If so, I'd expect limited exit opps as this is where most of their BO/clearing roles are located. I'd try to transfer to a MO role in NYC if this is the case. You could try to slug it out for a couple years then try to network in or do an MSF but the short answer is yes, Ops makes it very difficult to get into FO.
JP Morgan OPS to S&T (Originally Posted: 02/28/2010)
Hey guys, new user here. I've been lurking these boards for a few weeks now, but finally decided to make my first post. I'm a senior, and will be beginning FT in JPM Ops program in NY. I was a SA in their Delaware office last summer and managed to have them offer me for NY so that was nice.
The division or actual NY location has yet to be determined. I believe they'll be sending some survey in a few weeks about which Line of Business I'd prefer to work in, and then they base my placement off that.
Anyways, I'm real interested in eventually moving to a S&T role (the quicker the better). I love following the markets, and I prefer S&T over traditional IB. Any advice on which LOB, division, NY Location I should go to in order get as much exposure to the S&T groups? Any other advice would be appreciated too.
its very tough to move from operations to S&T, though it is easier than IBD. do well in operations, get an MBA, and then jump to S&T might be one way, or maybe try to work FT at a smaller firm doing S&T would be better than operations anywhere, including JPMorgan/Goldman sachs/etc
Once you accept and OPS position consider that your field of work. If you want S&T, IB, whatever and you cannot get into a BB then look at smaller shops. S&T is easier to break into from OPS, but it is still extremely hard and rare. Advice mentioned above is pretty much correct although an MBA isn't as required in S&T than it is for say IB.
I know people here make Ops seem like the kiss of death...but I feel like with the right network and work experience it can be possible. Maybe I'm being too optimistic but over the summer I heard about a handful of kids who made the transition from Delaware to NY trading desk. Usually in a 6 - 2 year time period. One kid I worked with interviewed with the FX desk. At this point, this is the only opportunity i have with recruiting pretty much over.
So if anyone here is familiar with JPM's LOBs, let me know if there is any specific groups should try and get placed into. Also, if there's anyone here who's actually made the transition, I'd love to hear their story
I am all about BO/MO to FO stories. I have seen a few of these happening and it requires 1) Patience, 2) Building up a extensive network, 3) Being extremely aggressive, and 4) Some good luck.
start trading PA/read all the books on the market you can get your hands onto, put your words into action and people will buy it.
think about the resources you have. you will have access to JPM phone book. if all things fail, coldcall the traders and pitch yourself to them and ask if you can sit with them to shadow and whatnot. most will hang up the phone on you but a few will really respect you for the courage. it's a number's game...
good luck and let us know how we can help.
Good point..patience is key. At the same time, gotta aggressively build that network.
So you're saying cold calling > emailing traders? I'm assuming after the market closes around 5 or 6 is a good time to call?
It's my last semester at school, and I've been doing as much as possible to learn about the markets and various trading strategies. Lately I've been reading books on option trading strategies and understanding how to use volatility in structuring trades. Also, I plan on working with my finance research lab at school in building an algorithmic trading application. Basically, I'm trying to get in the mind set of a trader so I can sell myself better to those guys.
Thanks for the advice.
true network and cold call.. best option.. i agree with the above on using JPM phone book but of course i wouldnt recommend you to do behind ur mgr's back..
and yup gong into boutique firms/smaller bbs will be the best option..
email first. i bet you 99% of time you wont get reply...
so cold call to follow up and assert your strong desire.
sounds like you are on the right path.
sometimes there are internal postings for S&T positions you can grab...
Anyone know which NY offices primarily house the JPM trading desks???
primarily 383 madison
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