JPMorgan Finance Analyst Development Program: starting as an analyst
Hey everyone.
This summer I'll be starting as an analyst in JPM's FADP (in Delaware).
Has anyone gone through this program or know someone who has?
If so, what are the best teams to work in? What are the exit opps for analysts coming out of the program, in terms of B-school and/or career path? I'd like to move up to NY in a year or two. I'd like to know the possibility of that happening too. Staying trapped in Delaware is not something I enjoy thinking about.
Any other advice around the program would also be greatly appreciated!
I would love to hear some answers for his questions, I too am in this program in NYC
I've been accepted into this program in Asia.
From the research that I have done, this is basically a corporate finance rotational (similar to GE's FMP). I don't think you'll be able to choose your initial role, but the best group will probably be corporate development/strategy followed by business managers. I believe that a lot of the work is accounting-oriented.
Your best exit opp is going to a top MBA program (one alumni from my school got into HBS after this program although he also had another job prior to attending). I've heard that once you get your MBA, your corporate finance rotational experience makes you a great candidate for the FIG division if IB is what you want.
Hope that helps.
I'm so glad to have found this thread. I got into the same program too! How far into the onboarding process are you guys? JPM stock is on a downward trend and I'm just so afraid that the position will be eliminated before I even start. You guys worrying at all?
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I am thinking about applying for this particular program in Newark myself. If you guys don't mind, could you tell me your starting salaries and salary potential? Also, are there any abroad opportunities during the 2 year rotation and/or after the rotation? Thanks!
JP Morgan Finance Analyst Development Program (Originally Posted: 07/17/2015)
Hi,
I recently got an offer for JP Morgan's 2 year Finance Analyst Development Program in Newark, DE. Has anyone gone through this program? What did you think of it? Would you recommend? Any networking opportunities? Any exit ops? I don't see myself caring to live in DE past 2 years so I'm wondering if it would be possible to network to NY or Chicago. The first rotation is as a financial control analyst which sounds like a lot of Accounting work.
I do have another offer in Washington, D.C. as an Analyst with a company that supports the DoD and Homeland Security. It wouldn't be a typical finance related role. The majority of the finance related work I would do would be around cost based analysis. The job is attractive in that I won't be looking at spreadsheets all day and I believe will give me exposure to program management/consulting. However it is work in the public sector and I'll eventually want to move back to the private sector. I'm not sure how hard that switch would be or if I'd be an attractive candidate to a company's strategy team in the private sector.
Any insight would help.
Thanks
financial control analyst sounds like too much accounting and thus boring. The other offer sounds more interesting.
Which job did you choose?
Really the best thing about an FLDP at the lower levels is the name brand. Putting JP Morgan on your resume is going to be a great foundation to build on career-wise. You'll also learn a shitload. You'll likely be working in the 60 hour range (12 hours per day, 5 days per week), if I'm remembering correctly. That's a good thing and a bad thing though - good for your experience, bad for your work/life, so it depends on what you want.
JPMorgan Newark is like 10-15 minutes away and they heavily recruit from my school. Best friend currently is doing FADP for his internship. He says he hates it, though. Work is mind-numbing, the office culture is a "black hole," and the people generally aren't smart. It's in essence typical back-office bs. The pay is decent for the internship at like $20-$25 per hour. Best thing about it is definitely the brand name, though.
Living in DE isn't that bad... Lived here since I was 7. Newark's a college town for a party school... Philly is also very closeby for the weekend.
Thanks for the input. I chose the job in D.C. as it is more interesting and a better fit. I'll get to interact with the top executives (I had a one on one with the CEO during the interview process) and work on larger projects. It was still a tough decision as JP Morgan is a great company and the people I interviewed with were all cool.
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I received an offer for the FADP internship in the New York location. Considering that I am set on IB for full-time, would this be a good way to break in after? What do the internal mobility possibilities look like for IB? I only have a week left to decide, but other banks are recruiting on campus later this month. Any advice is appreciated.
JP Morgan Finance Analyst Development Program NY (Originally Posted: 11/05/2015)
I have an offer for JP Morgan's Finance Analyst Development Program in New York. Can anyone tell me about the position? The pros and cons.
Been there done that... It's a dead end as far as Newark goes. The recruiter seeks to keep you in Newark after your SA stint at all costs.
As for your day to day duties... You'll be putting trades/other stuff in the ledger all day. You will hate your life. You have to deal with shitty JPM culture while working with people who are half a smart as you are.
Exit Ops: None... they try to keep you shackled to Newark and into their program which pays 50K (when you consider the SA to FT bonus). I can't speak for NYC or Asia (I'd imagine they have better exit ops because of networking potential) but Newark was awful. I reached out to all IBD recruiters listed on the intranet and got shunned once they learned where I was for the summer.
Newark sucks. Take it from someone who knows.
Any responses will be extremely helpful
JPMorgan Finance Analyst Development Program (Originally Posted: 03/08/2010)
What happens after the two-year program ends? Are you assigned a specific role or let go?
Thanks
Depending on the team you are hired into, the exit ops vary. I agree with Well-paid in that DE sucks. You tend to deal with people who are immensely dumber than you and who have no real work ethic in terms of upward advancement. They are content with what they do and it's not a culture I particularly enjoy. However, there are the exceptions. My team for example deals exclusively with each other and people in NY/London who are, understandably, more goal-oriented and aren't working at Delaware speed.
If you have the choice, apply to NY. You'll have more opportunities to do different things in different LOBs, whereas in DE you are limited to very few different types of roles.
pretty much like all of the other 2 year analyst programs...
no
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