Top JPM Groups
What are the top groups at JPM IBD specifically for PE Exits? I know M&A likely gets the best looks but which coverage groups tend to place very well?
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Strongest groups will be M&A, HC, Levfin, and M&C in terms of dealflow. All of these are great options and I’m sure PE exits are fine from almost all groups at JPM
In terms of MF is it just the top groups that send analysts there?
This is spot-on. Will add that the HC group gets absolutely crushed but placement out of there is crazy
How difficult is it to get into these top groups as an SA? How does group placement really work?
PE exits are not good from LevFin. Credit exits are solid. Although levfin in general is very strong at JP, coverage holds the pen on most of the analysis.
Any coverage groups that typically don't place well?
As someone at JP, agreed it will be tougher than coverage or m&a
What is M&C?
Media & Communications aka Media & Telecom at most other banks.
How do you get into a top coverage group? When should we start networking since HR said placement is in the spring?
JPM FIG does well too; consistently at (or near) the top of the FIG league tables
how are exit opps within fig( VC, Corp dev), i hear people say it pigeon holes you
Doing FIG at a top 3 banks doesn't pigeonhole you as much as MM FIG or lower BB FIG roles.
JPM FIG culture is brutal but solid group
Second this lmao
Almost all (if not all) are top 3 by the numbers (deals, $$$, anyway you slice it). JPM Healthcare is top of the street. JPM Lev Fin is top of the street (although your exits will be more credit roles). JPM FIG is good and competitive with GS FIG for top of street. JPM tech is slightly lacking and is not on pace with GS or MS tech groups. M&C is really strong. M&A obviously good for exits, great at all top banks. One thing I would note about JPM is it is generally stronger on the east coast (NYC) then the west coast (SF), in IB and in corresponding exits.
If you are looking at exits specifically any of these groups will keep you competitive in their corresponding industry PE (HC IB -> HC PE, M&C IB -> M&C PE, etc.) go with a group that interests you, you will spend alot of time learning about something you don't care about if you pick a group based on prestige rather than personal interest.
Could you comment on why West Coast groups (like tech and healthcare) are not as strong as their counterparts on the East Coast?
Maybe this is an over generalization but I think it stems from JPM Tech not being as dominant at GS or MS and even some boutiques. Tech specific groups run SF and JPM Tech is the only thing that doesn’t keep up with GS/MS
Do verticals within FIG matter much for exits?
The thinking that GS / MS > JPM in tech is outdated. This year JPM is #1 in tech deals / deal volume / wallet share. In fact tech is JPM's strongest group in terms of wallet these days
Any idea on exits?
Where's your source on this? All the league tables I've seen GS is #1
Anyone know anything about DI / NY Media&Tech?
Little torn on NY tech - I’ve heard they are scaling at a solid rate but still won’t win top mandates over MS and GS as mentioned above. Thoughts on the group 2-3 years from now?
Ultimately esg will be the best group to be at these top 4 money center banks. It’s like being the political officer on the soviet submarine.
What is the rep of the consumer team? What’s the culture like?
Good group. No idea about culture
Thoughts on Diversified Industries?
Really sweaty group, a lot of hours and really grindy apparently. Good amount of burn outs. However, they’re normally the clear 2nd on the league table to Goldman’s 1st.
A VP replied to my networking email past midnight. Prob not the best group for even a decent WLB
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