Hi all,
supposing you had SA opportunities with both firms in London for IBD, which is better?
I know they are both good- but I get the impression JPM is slightly better?
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If its the old Cazenove crew go for that, they are still a force in London. Otherwise it really depends on the group. CS has been killing it and remains one of the strongest European banks. If you can get Sponsors vs. Cazenove/UK M&A then its a tough one. Otherwise NatRes, Levfin and TMT are strong at JPM. I would go for JPM also because the ride out to Canary Wharf sux ass. Both will be good for the summer.
thanks for the response
it isnt JPM Cazenove, its the normal (i guess the term would be?) JP Morgan investment banking group in London. JP Morgan is a top player in London right? I guess along with MS, GS and CS...do you have any insight on how UBS, DB, Citi and HSBC are in London at the moment?
Sure it is a strong bank in London. Some will argue a notch below GS/MS some will argue MS isnt that strong anymore in Europe and that JPM is the place to be, whatever dont listen too much too all of that. MS,CS,GS,JPM have strong deal flow, strong groups in various areas and good exit opps (not that this is your major concern right now). I think in terms of conversion rates, both JPM and CS mostly take their own interns so FT applications are almost non existent for JPM for example, it can be done however. UBS isnt anywhere as bad as people make it out to be, at least in London, and people that work there seem to have a good time, good bonus and no problems of rescinded offers etc. DB has obviously a strong focus in the FX markets and hence S&T but is still a solid place for IBD, maybe a notch below the above in terms of exposure, deal size and exits into PE. Citi is just doing their thing havent heard a lot negative or positive about that place, their M&A group still does a lot of deals though. HSBC I have no clue but I am sure its below the BB in terms of all that makes sense to consider when starting your career (dont want to flame on HSBC but thats my perceiption)
JPM is all about converting interns to analysts.
As far as I could tell, they had very little FT hiring this season
http://news.hereisthecity.com/news/news/business_news/12089.cntns
league table
Its a worldwide league table which is not necessarily the same in Europe. To the OP, go where you like the people most and you will be fine (cant give this advice often enough). A year or two into banking you will realize that the name of your bank doesnt matter that much and that you want 1) get paid and 2) establish some sort of life outside of banking.
Agree with above, I heard in London this year JPM essentially had no FT hiring for 2011 analysts since spots were already filled by SAs.
this is true
Also see pretty negligible difference btw JPM and CS in London. Really depends on which sector you are interested in and how each respective bank does in that area...
Yeah they have interns the whole year: summer, spring, fall and winter. They take all their FT analysts from that pool. I have however seen people last year make it into JPM without having interned there, usually through networking. Might be a point to think about, you might not get the chance to join JPM again if you turn down their SA offer.
wow SocGen ranked 14th globally. Nice for them knowing that their m&a franchise was pretty much inexistant two years ago. They are hiring quite a lot in London but well still far from a BB :) and as people say here, the French culture might too much for some people
waayyyyy wrong thread
JPM all the way
Choose for the culture and the people you have met..
Hi, I was wondering about JPM's conversion rate from internship to FT. As there are 4 periods of internships, is it 4 times less than the conversion rate of banks that only propose SA
I don't think any BBs "only" have summer interns to pick from. Most have Spring and Winter "off-cycle" interns that can also get FT offers.
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