I don't have much experience in the banking industry as my major is physics. I've been "offered" (haven't applied but verbal offer) a place on JPM's corporate analyst program in Bournemouth, UK and upon reading the description I'm a bit confused as to what it actually is (front office or back?)
Here's what they've told me:
"Our two-year program is widely renowned and will give you the opportunity to learn about how our businesses come together to serve our clients. It all starts with our introductory training that provides a clear overview of our firm's history, the scale and scope of our organization and where we're heading.
From there, you will work in a fast-paced, collaborative environment on various teams across the firm. Rotations could be in any line of business including the Corporate & Investment Bank, Asset Management, Commercial Bank, Consumer & Community Banking and Corporate, including Global Real Estate, Global Supplier Services, Cyber Security, Strategy and Process Improvement, and many more. You will experience a range of core disciplines through four managed rotations into areas including analytics and business management, project management, process improvement, and risk and control, which will give you exposure to the scale of our organization and how our businesses work together. During your rotations, you will work alongside a variety of partners - from peers to business executives - to make real contributions and ensure we are running effectively, driving growth, managing risk and maintaining our global reputation for excellence.
A combination of hands on, leadership and functional training and development will stretch you, while a supportive team will encourage you to grow. Upon completion of the program, you will work with the program team to identify a permanent role, the first of many in your career at JPMorgan Chase."
JP Morgan's Corporate Analyst Internship Program Overview
While analyst programs are typically for first year hires and undergraduate students, each program is slightly different in what they offer.
With this specific JP Morgan opportunity, it revolves around more work in the back office and has the same concept as an operations position.
While this may be an interesting opportunity for some, it is not suited for everyone as @Draper Specter and Co., an investment banking associate, puts it:
This is not a job where anybody with any real ambition should expect to build a career. It is very difficult to move into the FO from the BO so I would avoid it if you can.
You can learn more about the intern program related to the corporate development program in the picture below.
Read more about JP Morgan Chase on the Wall Street Oasis Company Database.
Read More About JP Morgan on WSO
- J.P Morgan Asset/Wealth Management Video Interview
- Difference Between JP Morgan And JP Morgan Chase
- JP Morgan HireVue Actual Interview Questions For Online Interview
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