J.P. Morgan - Research

Research

We'll keep your desk just the way you leave it. Our summer internships often lead to full-time offers.

J.P. Morgan remains committed to research. Our Research team is one of the broadest on the street. Summer Associates work and learn in one of the most comprehensive Research groups in the business. The pace is fast, demanding and intellectually stimulating. As a key member of the team, you are expected to make a personal impact right from the start. After orientation, you will get on-the-job training and networking opportunities throughout the summer while handling real responsibilities during your internship.

We hire most of our full-time Associates from the pool of Summer Associates, so you may very well find yourself returning to school with a full-time offer.

The magnitude of a Summer Associate’s job

As a Summer Associate, you will gain hands-on experience in the financial markets and learn from outstanding colleagues. Practical exposure to the markets will give you a disciplined approach to producing reports that assess the investment merits of first-time and existing issuers, analyzing alternative investment products, providing ongoing assessments of fundamental trends in an industry or product and identifying investment opportunities in the secondary markets.

As a Summer Associate, you will gain hands-on experience in the financial markets and learn from outstanding colleagues. Summer Associates are placed into one of the following groups: Equity, Credit, Corporate Quantitative Research and Credit Portfolio Group. Read more about them in our Research business area description.

Responsibility from the start

As a Research Summer Associate, your responsibilities may include, but are not limited to:

Performing core fundamental research on an industry and the companies that comprise it
Modeling historical and projected financial statements including detailed cash flow and ratio analysis
Building relationships and servicing external clients in part through research notes, larger industry reports, and by meeting with analysts and portfolio managers
Actively participate in new issues through vetting, due diligence and sales and investor education
Working closely with the sales force and trading desk to interpret breaking news and to market and augment their industry view as well as build relationships and service external clients through published research, marketing events and corporate access. And, working closely with the trading desk helping to generate trade ideas and strategies and manage risk.
Writing notes and large reports focused on company and industry trends

Training and development

Summer Associates undergo an intense three-to-four-day training and orientation session led by the same expert professional instructors and inspiring J.P. Morgan professionals who train full-time Associates. Over the course of your ten-week internship, you will also learn a great deal from your colleagues and teammates, from lunch-and-learn sessions and speaker series. You will be invited to networking sessions where you'll meet people from all parts of the firm - where you can start or enhance your own professional network. We want you to leave with a solid understanding of the strength and capabilities of the firm's global platform, its business units and a thorough understanding of J.P. Morgan's culture.

Read more on our training program for Summer Associates.

What we look for

Because a research analyst’s time is devoted to studying firms and industries and then writing about them, there are three qualities every successful research analyst must have in abundance:

Deep curiosity in business and industry
Well-honed financial analytical ability
Exceptional written and oral communications skills

Research is fast-paced, demanding and intellectually stimulating. We look for candidates who possess strong accounting, finance, quantitative and business writing skills. You must be adaptable and have the ability to work well under pressure in a demanding environment. You should also be able to work independently to produce accurate, detailed materials while meeting tight deadlines. Candidates should be highly proficient in Excel and Word.

Strong oral and written skills are also a must. You will be analyzing some of the world's largest companies, and must be able to write your analyses in clear, unambiguous prose. You must also be able to communicate with senior-level people, both at the firm and the companies you cover. Other qualities we look for are academic strength, intellectual curiosity, maturity, high energy, and demonstrated ability to work well on a team.

If you don't have a strong financial or business background, be sure you can tell your story; be able to demonstrate your quantitative aptitude both scholastically and practically (former jobs, for example) and be ready to articulate how your background will enhance your career at J.P. Morgan. You'll find out more tips in our Advice Center including advice for career changers.

How to apply

For more information, read before you apply. It will give you details on application information and direct you to useful links related to your application. You may also want to visit our interview process and check with your campus careers office or our campus schedule to see when we'll be visiting.