JPMorgan Finance Analyst Development Program: starting as an analyst

JackDonaghy's picture
Rank: Monkey | 36

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!

Comments (26)

Feb 8, 2009

I would love to hear some answers for his questions, I too am in this program in NYC

Feb 8, 2009

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.

Feb 26, 2009

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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Aug 30, 2016

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Dec 30, 2009

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!

Aug 30, 2016

financial control analyst sounds like too much accounting and thus boring. The other offer sounds more interesting.

Aug 30, 2016

Which job did you choose?

Aug 30, 2016

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.

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Best Response
Aug 30, 2016

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.

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Aug 30, 2016

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.

Nov 26, 2016

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Aug 30, 2016

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.

Dec 30, 2009

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.

Aug 30, 2016

Any responses will be extremely helpful

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Dec 30, 2009

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.

Aug 30, 2016

pretty much like all of the other 2 year analyst programs...

  1. you do well and like your group, so they want to keep you on for year 3 / make you an assoc
  2. you do well but don't like your group, so you can either network your way to another position within the firm or just apply thru their internal website
  3. you do well but don't like the firm, so you finish the program (or not) and move to a different firm
  4. you do poorly and they decide not to retain you after 2 years
  5. you do poorly/the market tanks and they decide to let you go before the 2 years is up
Dec 31, 2009

I was in the NY program this summer, and was able to secure FT in IBD. I know of multiple finance interns also given super days at the firm. Being in NY, it is much easier to network, and found that many members of my group actually started in banking/trading. I also know people that were able to transfer from Delaware/Ohio to the NY offices, which I would definitely suggest.

Sep 19, 2016
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Oct 12, 2016