It’s not easy to get a job at J.P. Morgan when you graduate. In 2016, J.P. Morgan hired only 2% of graduate applicants to its investment banking division (IBD). While 50 graduates are chasing each J.P. Morgan graduate job in IBD, however, far fewer are chasing each J.P. Morgan technology traineeship. In the bank’s 2016 annual report, published yesterday, Matt Zames, […]

Headhunters in London claim that J.P. Morgan is readying a few cuts in its investment banking division. That’s strange, because J.P. Morgan would like the world to know that it’s already in fine shape, making further job cuts seem unnecessary. Daniel Pinto, CEO of the CIB, already blew hard on J.P. Morgan’s trumpet at the bank’s investor day in February. […]

Vis Raghavan, deputy CEO for J.P. Morgan in EMEA, has a method of working out whether someone is a good hire, and it involves a hypothetical old man. “I might say, imagine there’s an old man who is looking to invest his savings and he wants you to act for him,” he tells us. “I say, here’s $100, $1,000, $1m– what […]

Investment banks in the UK are under more pressure than ever to ensure their graduate recruits come from more diverse backgrounds, following a damning report suggesting that most people hired into the industry were well-polished middle class students. Summer internships are the best way of getting a full-time job at an investment bank – and arguably just as tough to get […]

Rachel Mayer was raised in her father’s native country of Venezuela, and for a while, it looked as if she would follow in his footsteps. He is salsa singer Bazil Alexander, who is quite famous in Latin America, so Mayer had a leg up from his music-industry connections, but her American mother gave her some career advice that ended up […]

J.P. Morgan et Bank of America ont toutes deux publié vendredi leurs résultats du quatrième trimestre et de l’exercice 2016. La bonne nouvelle, c’est que les deux banques ont augmenté significativement leur rentabilité l’an dernier. La mauvaise nouvelle ? Les réductions d’effectifs, comme toujours… Ces réductions de personnel ont été particulièrement marquées chez J.P. Morgan. Les bénéfices de la banque de […]

I work as a data scientist at J.P. Morgan. I joined not long after getting my Ph.D. in mathematics from an Ivy League university and attending an NYC Data Science Academy boot camp. I’ve been working here less than a year, but I have to say, it’s a pretty sweet gig. My team is built like a startup within the […]

One swallow does not make a summer and one vice president leaving a tier one bank in London for a tier four bank back home does not amount to a post-Brexit exodus. In light of current events, it is – however –  ‘of note.’ Lars Schouw, a VP in quant research who spent the past six and a half years […]

Are you an ‘incoming analyst’, sitting pretty in the knowledge that you already have an investment banking job secured for 2017? If not, the clock is ticking until the banks close their programmes to applications, but – more importantly – you will be in the small minority who didn’t come through the summer internship programme. By now banks have extended offers […]

MBA students have fallen out of love with investment banks and the feeling is mutual. The expensive qualification that formerly offered an option for beginning a banking career after a stint in another industry, is increasingly being eschewed by banks. Banks don’t want to hire MBAs: they want to hold onto the juniors they hired at graduate level instead. The […]