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Transcript of WHERE DO YOU BELONG? - J.P. Morgan Home | J.P. … › jpmpdf › 1158516544998.pdfintelligent as...
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Brochures, websites, people you know. There’s only so much they can tell you
about what it’s really like to work at J.P. Morgan. Want to know the truth?
Then find out for yourself.
A lot of time, care and resources go into our global internship programs. To us,
these represent nothing less than our long-term success. They’re an opportunity
for you to find out about us, and vice versa. It’s also a chance for you to gain
real work experience with a top leader in global finance.
Our internship programs are worth much more than a line on your résumé.
They introduce you to the people who’ll become your friends, colleagues and
mentors for the years to come. Many of our own leaders first started as interns.
We’ll expect you to take your internship seriously as we’ll invest a lot of time
and effort in you and the program. Through mentoring, orientation and training,
you will be introduced to who we are and what we do. A program of real
responsibilities will test your skills and character. And a range of social events
will allow you to see what we’re like out of the office.
Those that make it into our summer program are as talented, ambitious and
intelligent as those in the full-time program, so as an intern, you’ll experience
similar work, pressures and thrills.
This is where you need to be.
Time for some specifics. This is where you
can read about our programs, business
areas and your future. We hire into the
Investment Bank and Asset Management.
OUR INTERNSHIPPROGRAMS
WHERE DOYOU BELONG?
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Opportunities for Undergraduates
As a Summer Analyst, you will work
with smart, energetic and expert
J.P. Morgan professionals on real,
challenging projects. You’ll have the
chance to discover first-hand what
areas of our business best suit your
talents and interests. We hire most
of our full-time Analysts from the pool
of Summer Analysts.
• The Investment Bank has Summer
Analyst programs in Investment Banking,
Sales & Trading, and Research for
rising juniors and seniors.
• Asset Management has Summer
Analyst programs in Private Banking,
Investment Management and Private
Client Services for rising seniors,
as well as full-time Analyst roles
for graduating seniors.
OPPORTUNITIESFOR YOU:
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Opportunities for MBAs
Prepare yourself for an extraordinary
career with top-notch training, exposure
to a wide range of our business
capabilities and plenty of responsibility
from the start. Our Summer Associate
program offers you the opportunity
to apply the skills and theories from
business school to real world deals
and projects. You’ll have significant
responsibility from day one and benefit
from our world-class training and
development programs. We fill most of
our full-time Associate positions from
our pool of Summer Associates in
Investment Banking, Sales & Trading,
and Research, and Private Banking.
• The Investment Bank offers Summer
Associate programs in Investment
Banking, Sales & Trading, and
Research and is for MBAs entering
their second year in business school.
• The Private Bank Summer Associate
program is for first-year MBAs and
has three rotations, each lasting
three weeks. You will be exposed to
different areas within the Private Bank,
with the opportunity to work in one
of our offices outside of New York.
Opportunities for PhDs
Whether you join us during a summer
program or full-time, your skills will be
tested in a fast-paced, real-life
working environment. You’ll work
alongside some of the finest minds in
investment banking with significant
responsibilities and the chance to
build your professional network with
your peers and senior management.
We offer special programs in the
Investment Bank for people with
or working toward PhDs across
Quantitative Research, Fixed
Income Strategy and Proprietary
Positioning Business.
Want to know what you’ll be doing? Read on to learn about the relevant business areas.
The details about where you can
work within our Investment Bank
are below:
Investment Banking teams help
companies solve problems and seize
opportunities, by raising capital or
shaping corporate strategy and
structure. As the first point of contact
for most clients, who include
corporations, governments, private
firms, financial institutions, non-profit
organizations, entrepreneurs, and
wealthy individuals, our professionals
take the long view of each client’s
needs and assess the best ways for
them to execute their strategy.
Members of the deal team interact
with the client’s CEO and CFO, advising
and drawing upon the entire spectrum
of J.P. Morgan products. Our Investment
Banking groups are organized to
provide either product or industry
expertise to our clients. You could join
us in anything from Technology, Media
& Telecom to our cross-industry M&A
or Latin America teams.
Sales & Trading teams create markets
in virtually all major asset classes.
Whether it’s Credit, Rates, Equities,
Emerging Markets, Currencies, or
Commodities, we engineer innovative
and sophisticated financial solutions
to help clients manage risk, increase
returns and solve complex financial
problems. Globally, we hold leadership
positions across the equity and
fixed-income product spectrum and
have major hubs in the Americas,
Europe and Asia Pacific. The breadth
of our global product platform is a
powerful business generator. And
because we custom-assemble expert
teams according to client need, rather
than department or product categories,
our clients get better service and
you’ll enjoy a more challenging and
interesting range of business issues.
We take part in a steady stream of
IPOs and secondary offerings, attract a
constant flow of trading assignments
and we’re also a leading innovator in
the derivatives markets.“Some of my best moments working here have been
in my interactions with so many intelligent, diverse
people – everyone from senior managers and peers
from my training program to clients.”
Courtney Cordes, Analyst, Investment Banking
J.P. Morgan is one of the world’s leading investment banks with one of the
most extensive client lists in the world. Our full platform enables us to develop
some of the most complete and innovative financial solutions in the industry.
We offer clients a full range of services, including strategic advice, capital
raising, restructuring, risk management, market-making and research. We cover
clients in more than 100 countries and have global leadership positions in our
key products. J.P. Morgan also commits its own capital to proprietary investing
and trading activities.
INVESTMENT BANK
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“Working with senior research analysts
to build innovative and intricate models
in my first couple of months opened my
eyes to the immense asset management
opportunities here and the ability to tap
into resources from all over the world.”
Tim Shannon, Analyst, Asset Management
ASSET MANAGEMENTResearch teams play a critical role across
our entire business and guarantee our
commitment to strengthening our
leadership positions. Working within
the Research functions – Equity, Credit,
Corporate Quantitative Research, and
Credit Portfolio Group – you’ll deliver
up-to-the-minute investment ideas
and thematic research to internal and
external clients. As markets become
steadily more complex, with increased
cross-border and cross-asset class
activity, a coordinated research platform
has become critical. Our research
analysts work alongside the sales
force and traders to provide insights
and analysis for corporate clients.
Analysts usually specialize in a
specific sector (anything from energy
to retail), building their knowledge
of the industry and working with
management teams to probe deeper
into their strategy and goals.
The following business areasapply to those with or workingtoward a PhD.
Quantitative Research is the expert
modeling group of J.P. Morgan whose
mission is to develop and maintain
sophisticated mathematical models,
cutting edge methodologies and
infrastructure to value, hedge
and measure the risk of financial
transactions, including complex
derivatives. Quantitative Research
partners with traders, marketers and
risk managers across all products and
regions, making critical contributions
to product innovation, effective risk
management and appropriate financial
and risk controls.
Fixed Income Strategy professionals
help internal and external clients find
profitable investment strategies. On a
day-to-day basis, our researchers follow
the markets and identify ideas, themes
and trading opportunities. Underlying
this is a continual development process
of new models, analytics and approaches
to valuation of different assets.
Proprietary Positioning Business is an
internal risk-taking group at J.P. Morgan
that identifies and capitalizes on
opportunities across a broad range
of asset classes.
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J.P. Morgan is a global leader in asset
management services, providing
world-class investment and wealth
management solutions to institutions,
high net worth individuals and retail
investors. This means we go beyond
the balance sheet, and get to know our
clients, making sure we understand
the totality of their financial needs,
business goals and personal interests.
Our teams of analysts, associates,
client advisors, portfolio managers,
bankers, and investors all pull together
to deliver the most innovative,
comprehensive solutions to satisfy
our clients’ needs. Our growth and
success have paved the way for an
exciting future, one that requires the
brightest minds in the business.
The details about where you can
work within Asset Management
are below:
The Private Bank advises ultra high
net worth individuals and their families
to help them grow, manage and sustain
their wealth. We leverage all aspects
of our global financial firm with a
platform that covers investments –
traditional and alternative, capital
raising, strategic wealth advisory,
banking, and specialty wealth
management services, while taking
the time to get to know our clients on
a personal level. Each client enjoys
unparalleled access to an integrated
team of experts: bankers, investors,
capital advisors, wealth advisors, and
fiduciary officers. Our integrated teams
work directly with clients throughout
the day, explaining products and strategy
as well as constructing portfolios. Our
investment solutions teams monitor
macro-economic development and
craft the Private Bank’s views of the
markets. Our unique business model –
our deep client relationships, our
platform depth and breadth, and our
integrated team structure – separates
us from other private wealth
management firms.
Our Investment Management business
manages money for individual and
institutional clients around the world –
from retail investors to pension funds
and insurance companies to university
endowments and foundations.
Our global reach and breadth of services
mean superior, client-focused portfolios.
Our Investment Management
professionals act as trusted client
advisors, provide comprehensive
analysis, develop trade flow, offer
market insights, and build innovative
models. We provide expert advice and
more than 210 investment strategies
for equity, multi-asset, fixed income,
currency, real estate, hedge funds, and
private equity assets. There are several
investment groups in the US, London,
Hong Kong, Tokyo, China and elsewhere
offering equity management, fixed
income management, private equity,
hedge funds, and real estate. Our teams
of investment, research, quantitative,
and client marketing professionals work
together to develop integrated and
personalized solutions for clients.
Our Private Client Services business
provides comprehensive wealth
management solutions for high net
worth clients in the US, helping them
preserve and grow their wealth. We
help shape our clients’ legacies and
enhance tax efficiencies through
expert structuring and administration
of trusts. Our tailored banking and
credit solutions mean we can provide
flexible and customized solutions
for our clients through a team of
local experts. Our investment teams,
banking experts and wealth advisors
build relationships with clients,
offer customized financial solutions,
take part in modeling and valuation,
and work on tax provisions,
investments, estate planning,
and insurance.
Recruiting Process Fast Facts:
• Check with our online campus schedule at jpmorgan.com/careers or your
campus career office for more information about presentations, résumé drop
deadlines and our interview process
• We are open to students of diverse academic backgrounds
• Application dates vary by school – check with your career center
• Summer internships start in June
• Full-time roles start between July and September
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US
Most of our US Investment Bank roles
for undergraduates, MBAs and PhDs
are based in New York. However,
we do offer opportunities to work in
Chicago, Dallas, Houston, Los Angeles,
and San Francisco.
Most Asset Management roles are also
based in New York, including our New
York-based Private Bank Latin American
team. We also offer opportunities in
Atlanta, Boston, Chicago, Columbus,
Dallas, Denver, Houston, Indianapolis,
Los Angeles, Miami, Palm Beach,
Philadelphia, San Francisco, Scottsdale,
and Washington, DC to name a few.
Asia Pacific
We offer internship and full-time
opportunities in Asia if you are fluent
in an Asian language (ideally Mandarin,
Korean, Japanese, Bahasa Indonesian,
Thai, or Vietnamese). Depending on
the business area, you can join the
following programs with undergraduate
or advanced degrees in Hong Kong,
Singapore, Tokyo, or Seoul: Investment
Banking, Sales & Trading, Research,
or Private Banking.
Application deadlines for full-time
positions are mid-September. Summer
internship deadlines are at the end
of November.
Europe
For undergraduates, MBAs and PhDs,
we offer internship and full-time
opportunities in Europe, with roles
based mostly in London. For all roles,
you must be fluent in English, and in
some business areas, another European
language is essential. Internships for
undergraduates are offered in the fall,
winter, spring, and summer, for
10 to 12 weeks. First-year MBA summer
opportunities also last 10 to 12 weeks.
In order to obtain a full-time position
as an MBA Associate, you must first
be accepted to the summer program,
which could then lead to a permanent
role. As an undergraduate, you can
join the following programs:
Investment Banking, Sales, Trading &
Research, Asset Management, Risk,
Technology, Finance, or Operations &
Business Services. As an MBA or PhD
student, opportunities are only
available in certain business areas.
For more information about deadlines
and how to apply for roles in our
Asia Pacific and European offices,
visit jpmorgan.com/goglobal
Most of our roles are based in the US, but we have offices
and opportunities all over the world. Our Go Global website
exists for you to learn more about the details and processes
of applying to an international office.
GO GLOBAL
We hire the majority of our full-time Analysts
and Associates from our internship class,
so it’s worth carefully thinking about your
summer internship early. Wherever you are
in the world, making a wise decision about
your career is easier to do when you
participate in initiatives like those on the
following pages. We’ve specially designed
these to give you direct access to us and
ultimately help you with your decision.
START EARLY. GAIN EXPERIENCE. GET INVOLVED.
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It doesn’t matter where you are in your education, we’ll have an initiative to suit you.
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PROUD TO BEEvery J.P. Morgan employee has the right to be him or herself. That’s true for our
Lesbian, Gay, Bisexual, and Transgender (LGBT) community as it is for anyone
else. See what we mean at our Proud to Be event held at our New York City
headquarters. Select LGBT students interested in Investment Banking, Sales &
Trading, and Research can meet our business leaders face-to-face and learn
more about what it’s really like to work at J.P. Morgan. Find out more about the
event and how to apply on our website.
“The Proud to Be event was a phenomenal way to get candid and honest insight
from the panel of senior bankers who are all in the LGBT network. Not only was
it a comfortable atmosphere but the day was really educational with networking,
job shadowing and an exciting case study. It was unlike anything else I had
experienced going through the recruiting process.”
Proud to Be attendee, 2007
jpmorgan.com/winningwomen
WINNING WOMENIf you know you’ve got what it takes to be one of
the industry’s elite, then nothing should get in the
way of the career you deserve. Our Winning Women
leadership events are designed to help us meet the
next generation of female business leaders. And for
you to discover why working at an investment bank or
in asset management – and J.P. Morgan in particular
– could be a great career choice for you.
Winning Women is a great opportunity to ask our senior women who were once
in your position what it’s really like to develop a career in this dynamic sector.
You’ll learn about our business and network with our exceptional colleagues.
Take part in skill-building sessions, interactive presentations, job shadows,
and workshops. Discover first-hand the exciting challenges you’ll face and how
a project team works together to make a deal happen. Application dates vary
by school. Find out more on our website.
“The job shadowing was definitely my favorite part of the day. Sometimes we
have a theoretical knowledge about a certain profession but unless we actually
experience the job, we can’t be sure it’s the perfect match. After the Winning
Women leadership event, I now know that Sales & Trading is for me.”
Winning Women participant, 2007
jpmorgan.com/proudtobe
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LAUNCHING LEADERS
J.P. Morgan Launching Leaders does exactly what you
might expect: promotes talent, jumpstarts careers
and launches our next generation of leaders.
Launching Leaders gives talented Black, Hispanic
and Native American students across the US the
chance to fulfill their ambitions and carve out an
outstanding career with one of the world’s leading
innovators in banking and business. Launching
Leaders is about recognizing and rewarding
exceptional students – people with unique
experiences and diverse backgrounds. It is a
fundamental part of strengthening our global
business capabilities.
The Launching Leaders Scholarships for Undergraduates and MBAs
These scholarships are for top Black, Hispanic and Native American sophomores
and first-year MBA students. Scholarship recipients are accepted into our
prestigious Investment Bank Summer Analyst or Summer Associate programs
and get awards of up to $10,000 for undergraduates and $40,000 for MBAs –
money which goes directly to you.
jpmorgan.com/launchingleaders
THE LAUNCHING LEADERS EXPERIENCE
This is a chance for top college freshmen to meet us and see first-hand
what we do at the Investment Bank. We host a visit for select Black,
Hispanic and Native American students at our New York offices where
students can meet and job shadow some of our top bankers,
traders, sales people, and research analysts, as well as participate
in interactive and educational activities. Your expenses-paid visit
won’t just give you a taste for working in a premier investment
bank – it will inspire you to become one of our future leaders.
“What I like about J.P. Morgan is that they make that extra effort
every step of the way and really take an interest in you. I had
expressed an interest in Research, so I was placed next to a
Research Analyst during the scholarship ceremony luncheon.
This type of personal touch goes a long way. Thanks to the
Launching Leaders program, it’s my second summer interning
with J.P. Morgan.”
Launching Leaders Scholarship Winner, 2007
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jpmorgan.com/goodventure
GOOD VENTURE CASE COMPETITIONThis socially responsible global case competition is part of our Good Venture
philanthropy program on campus. The competition offers you the opportunity to
make a case for why the philanthropic non-profit organization of your choice
should receive a $25,000 donation from J.P. Morgan. It’s open to freshmen and
sophomores for spring 2009. Join the competition and position yourself for a
summer internship interview.
We support Good Venture as part of our wider commitment to direct action in
the community. More and more people are getting the importance of volunteering.
We know this is happening because we see it and celebrate it in our own people.
We give substantial amounts to philanthropic causes, but some of our most effective
community initiatives are inspired and led by J.P. Morgan people who simply want
to make a difference.
“It was really exciting to travel to New York and present to the panel of senior
J.P. Morgan judges. Our team wasn’t just a few students making a case – we were
actual representatives for a real non-profit. The competition was a tangible way
to figure out exactly how the donation would be spent. And, it was a great
way to interact with business people from J.P. Morgan and other students who
were all so passionate about their causes.”
Good Venture finalist, 2007
THE J.P. MORGAN COMMUNITY
Join the J.P. Morgan Community on Facebook. This community allows you to
connect with current Analysts and Associates and members of the recruiting
and training teams. Take advantage of our discussion boards and find out
about events, latest news and ways to get involved with J.P. Morgan.
“The Community is a great resource. During the interview process, recruiters
answered questions that a lot of us had on the discussion boards. Before
I started, I was able to connect with my summer program class. It can be
daunting to move to a new city and start a new job. I felt like this gave
me a head start.”
Summer Analyst, 2008
jpmorgan.com/community
This is where you need to be.
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Instantinformation
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Notes
The paper used in this brochure is from forests
that are managed in an environmentally appropriate,
socially beneficial and economically viable manner.
We hope you enjoy reading and using this brochure.
You can also view it on our website
jpmorgan.com/careers
When you’ve finished with it – please consider
the environment and recycle it.
WE TAKE OURCOMMITMENT
TO THE ENVIRONMENT
SERIOUSLY.