No JP Morgan Internships?

I've been on this forum for a while now and I have a lot of friends that took the banking path. However of all the companies I hear about people working for, the least mentioned is at JP Morgan Chase. Is it because they mainly hire MBAs? Or do people just not talk about them?

 

I was wondering if any of you have intern for the division of wealth management of JP Morgan Securites in New York (277 park ave). how was the experience and anything else you can tell would be helpful.

 

I'm am going to intern at JPM IBD this fall (in London). As craigmcdermott and nutsaboutWS point out, their intern and analyst classes are comparable to those of other major banks but what makes JPM special is that they hire almost exclusively from their intern classes.

 

JPM selects their candidates from their previous intern pool first then the rest are picked from other applicants. But like everybody said they do hire alot.

You give me a gift? *BAM* Thank you note! You invite me somewhere? *POW* RSVP! You do me a favor? *WHAM* Favor returned! Do not test my politeness.
 
revoad:
Talking with a recruiter, JPM NYC SA class this year should be ~120-130 IBD ~70 S&T ~15 Research/Risk (Forgot which one.) This was a couple weeks ago, so my memory could be a little off.
IBD is 100, the rest are about right.
You give me a gift? *BAM* Thank you note! You invite me somewhere? *POW* RSVP! You do me a favor? *WHAM* Favor returned! Do not test my politeness.
 

From experience, yes they do. It's a very, very large bank my friend.

‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
 
starwin:
I just got an offer from JPM. So they must not be that selective and I am chinese lmao.

Um, I don't know how things run for you guys south of the border but I'd say being chinese is an advantage here.

‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
 
Independent Gestion:
starwin:
I just got an offer from JPM. So they must not be that selective and I am chinese lmao.

Um, I don't know how things run for you guys south of the border but I'd say being chinese is an advantage here.

why would it be an advantage? say in USA, New York office or UK, London office?

if anything, i think it's a disadvantage. i think German/French/Spanish/Arabic would be more of an advantage anyday.

 
Best Response

In a general sense much much much less competitive because its not front office, but for those positions they generally recruit at semi-targets or top state schools so those positions a lot of times pull from a entirely different breed of undergrads. But when the name JP Morgan comes up on a state school OCR portal tons of finance majors that have no clue what the difference between FO/BO is apply. The info session just at my school for ops must've had over 80-100 people at it

 

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