J.P. Morgan - Private Bank

Private Bank

If you think a career in private banking might be for you, you've come to the right place.

Our Private Bank ten-week summer internship program offers a unique opportunity to segue into a successful full-time career. As a Private Bank Summer Analyst, you will have an extraordinary opportunity to explore the Private Bank and gain insight into its strategy, products and business groups. We hire most of our full-time Analysts from the pool of Summer Analysts, so you may very well receive an offer before you head back to campus in the fall.

About the Private Bank

With over 160 years of experience, the J.P. Morgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities, and products to ultra-high net worth individuals and their families. To do that, we leverage the entire commercial and investment banking capabilities of the firm. We spend a lot of time getting to know our clients and figuring out the best possible solutions. The Private Bank addresses every facet of wealth management from investment management and brokerage to tax and estate planning, credit, capital raising, and specialty wealth advisory services. We have a global presence with advisors in 38 locations, across the US, Latin America, Asia, Europe, and the Middle East. With over $400 billion in total supervised private client assets, we are one of the largest private banks in the US.

Our unique business model - personalized client relationships, platform depth and breadth, and an integrated team structure - enables us to deliver the best possible solutions to our clients though a wide range of capabilities while offering you an unmatched opportunity for exposure and growth.

The magnitude of a Summer Analyst's job

From the start, you will have an opportunity to learn from the best in the business and make valuable contributions to your team. You will work and socialize with outstanding colleagues, and create your own professional network that will help you take the first steps in your career.

You will support an integrated team or an investment solutions team, working closely with senior professionals. Read more about these teams in our Private Bank business area description. Depending on your role, you will help devise customized financial strategies for existing or prospective clients, get a taste of a wide range of proprietary models, conduct research and analysis, and work on product development. You will work on a project with peers that includes a group presentation at the end of the summer. You will also have the chance to support teams in various locations throughout the US.

Most roles are based in New York, but we also offer opportunities in Atlanta, Boston, Chicago, Dallas, Denver, Houston, Los Angeles, Miami, Palm Beach, Philadelphia, San Francisco, and Washington D.C.

Responsibility from the start

As a Private Bank Summer Analyst, your responsibilities may include, but are not limited to:

Prospecting and conducting client research, performance reviews, net worth calculations, and account allocations
Collaborating with Summer Associates on growth strategy research and presentation for specific areas, including prospective clients, key economic drivers, and analysis of competition
Developing knowledge and understanding of proprietary tools through research and analysis of fund information and current market activities
Completing flow reports
Developing, strategizing and completing projects that will assist area-specific teams in expanding their client base and improving existing processes

Training and development

You will receive the training and tools you need to succeed. You'll receive world-class, hands-on training - both during orientation and throughout your internship at the Private Bank. You will attend a three-day orientation program that will introduce you to strategy, products, and business groups. You will also participate in a performance management process where you will set and monitor goals with your manager throughout the summer. And there's more - a variety of networking events will introduce you to other lines of business within J.P. Morgan.

Then, once a week, you will take part in sessions organized by current Analysts that offer tips in the workplace and educate you on the various analyst roles across Asset Management. You will also have the opportunity to go to weekly meetings: Tuesday Talks & Tips that provide a forum to learn about analyst roles and Markets Drills, an opportunity to discuss and ask questions about the latest happenings in the financial markets. You will begin to understand the outlook of our Asset Management businesses - why we think the way we do and how current market conditions contribute to that. In addition, each Summer Analyst will have a mentor to help him/her get acquainted with J.P. Morgan.

Over the course of the summer, you will meet distinguished J.P. Morgan leaders and seasoned Analysts who will talk quite candidly about their experiences as part of the speakers series and networking events. They will share with you the lessons they've learned and the ways their careers evolved throughout their time at J.P. Morgan. See photos from summer events in our Media Zone.

What we look for

We recruit students from many backgrounds - but having strong analytical skills is a must. The work is challenging and exciting, and being able to use both qualitative and quantitative tools to analyze complex financial situations is key. We look for excellent communication and interpersonal skills, and the ability to work well as an integral member of a team, as well as the initiative, drive and confidence to complete projects with limited supervision.

If you don't have a strong financial or business background, be sure you can tell your story: be able to demonstrate your quantitative and qualitative aptitude both scholastically (SATs, coursework) and practically (former jobs, for example) and be ready to articulate how your background will enhance your career at J.P. Morgan (you can find tips in our Advice Center under not a business major). For placement on a US-based Latin American team, relevant language skills and cultural knowledge are essential. All Summer Analyst candidates must have a minimum GPA of 3.2.

Our goal is to know if there's a mutual fit by summer's end, when we offer successful Summer Analysts full-time positions for the following year. Our summer internship programs are for rising seniors.

How to apply

For more information, read before you apply. It will give you details on application informationand 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 (you'll find out more tips in our Advice Center).