Investment Banking

We did it first. We still do it better. We've got 200 years of setting new standards. To some it's tradition. To us it's the future.

You're finishing up your MBA with impressive academic qualifications, outstanding personal qualities, and a lot of ambition. You have plenty of options for your future. This is where you need to be.

As an Associate in Investment Banking, you work with top-tier professionals at the heart of a leading global investment bank. With the support of a world-class training program, hands-on learning opportunities, mentoring and feedback, and numerous development opportunities, you will gain a strong career foundation in financial services. Our Associates are the anchors of each team and are expected to make a personal impact right from the start. Following training, you immediately assume significant responsibility for marketing, structuring and executing deals. You will work on some of the biggest deals in investment banking, interact with clients almost immediately, travel for the firm and handle increasingly important responsibilities.

The magnitude of an Associate’s job

As a member of a team, you will have day-to-day contact with senior professionals, clients and the firm's Capital Markets teams. You will gain exposure to other groups through networking and group learning activities.

As a member of a team, you will have day-to-day contact with senior professionals, clients and the firm's Capital Markets teams. You will gain exposure to other groups through networking and group learning activities.

You will join us in one of these three areas: Industry Groups, Capital Markets or Advisory Products. Read more about them in our Investment Bank business area description. Whichever team you join us in you can expect exposure to senior clients and major deals from very early in your career. Our client solutions and advice are drawn from the data you analyze, and their success relies entirely on the integrity of the underlying analysis. That's why we ask much more of you than simply running numbers; we expect you to read the numbers, to understand the story they tell, to identify trends and patterns - and to speak up if you see a better way. You need to be able to deconstruct and reconstruct the numbers and understand how they all fit together. You are the team's lynchpin.

Responsibility from the start

As an Investment Banking Associate, your responsibilities may include, but are not limited to:

  • Managing execution of day-to-day activities surrounding "live" transactions
  • Partnering with client executives and product specialists to develop innovative client solutions
  • Performing financial analysis and modeling and making strategic recommendations
  • Conducting industry and product research and synthesizing key insights
  • Leading development and preparation of client presentation materials

Our commitment to your success

If that sounds like a lot of responsibility - it is. But remember that you are not alone. You are part of a team, and everyone on that team is pulling for you. At every point in your career with J.P. Morgan, you will have all the training and tools you need to succeed. In fact, one of the things that differentiate us from our competitors is our commitment to your success. It starts as soon as you receive an offer; our school teams help guide you through the decision-making process. And once you join the firm, you will have plenty of mentors. They will take an interest in you, your career and your progress, and respond candidly to any of your questions or concerns.

Training and development

Get an inside look at the experience of an Investment Banking Associate during global training on our Media Zone.

J.P. Morgan is committed to giving you the training and tools you need to succeed. Our training program is uniquely global and widely accepted as the best in the business, and it is one of the reasons so many top candidates choose to join our firm. Our global comprehensive six-week Investment Banking training program is a challenging and interactive learning process that draws on deal-based case studies, hands-on modeling workshops or trading simulations. You will master advanced concepts and skills related to accounting, valuation analytics and the capital markets.

You will be introduced to J.P. Morgan’s products and services, clients and business practices. World-class external instructors and J.P. Morgan professionals utilize a variety of interactive learning formats including case studies, business group presentations and hands-on modeling sessions.

Vault voted J.P. Morgan best training program out of all Investment and Commercial Banks for 2008.

Learning side by side with participants from J.P. Morgan’s international offices, you meet peers from around the world and build your global network right from day one. Training is interdisciplinary, and you will learn about the firm’s strategy and culture, as well as about the broader Investment Bank. Specific segments of the program focus on core skills such as financial modeling, valuation analytics, equity capital markets, debt capital markets, and risk analysis.  For Associates without backgrounds in finance or economics, there are pre-training “boot camps”.  Series 7 and 63 training is provided during the final week of training (certification required). You will also develop an appreciation for the culture of the firm and its strategy as a result of numerous interactions with senior executives during training.

Your education will continue long past the Investment Banking training program in a continuum of relevant and continual development courses.

What we look for

The work is fast-paced, demanding and intellectually stimulating. Not surprisingly, successful Associates are highly motivated, results-driven, creative individuals who can generate ideas and execute them successfully. You must have the ability to work well under pressure and tight deadlines, and have the aptitude to synthesize large amounts of information and to develop innovative solutions. You should also be adaptable, able to manage projects independently and be ready to assume a high level of responsibility as a member of a team. We seek candidates who have strong entrepreneurial, analytical, quantitative, communication and client relations skills. Fluency in English is essential, while fluency in another language is an asset but not a requirement.

An aptitude for numbers is a must, even if you're a career switcher. 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.

If you think you would like a career with J.P. Morgan's Investment Banking group, consider applying first to our summer internship program, for two reasons. First, it will give you the chance to see what it's really like to work in at our firm; and second, we hire virtually all of our full-time Associates from the summer program.

About our culture: Slam Dunk for Kids
 
During a flight delay on a client visit, Chris Harvey, a managing director in Capital Structure Advisory Solutions, was challenged to a bet as to whether he could to make a two-handed basketball dunk, after improbably making a one-handed dunk on his not-so-recent 40th birthday. If Chris was successful, the proceeds of the bet would go to the Children's Defense Fund - a non-profit advocacy group for underprivileged and disabled children. At 40-to-1 odds, Chris accepted, and since the initial challenge, the list of people agreeing to donate grew and included both our Chairman and CEO Jamie Dimon and the Investment Bank’s co-CEO Steve Black. Last November, in front of a crowd of 100 colleagues, Chris’s successful shot raised over $40,000 for the Children's Defense Fund which will be matched by the J.P. Morgan Foundation, totaling over $80,000.

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