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Investment Banking

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.

As an Associate in Investment Banking, you'll 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 play a key role on 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.

You will join us in industry or product groups. Whichever team you join, 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, understand the story they tell, identify trends and patterns and speak up if you have new ideas or a different perspective. You need to be able to deconstruct and reconstruct the numbers and understand how they all fit together.

Responsibility from the start

As an Investment Banking Full-time Associate, you will:

  • Develop junior bankers by serving as a teaching resource and through the delegation of appropriate work streams
  • Participate in the origination and execution of equity and debt transactions
  • Interface with clients on a range of topics from views on the state of the equity and debt market to capital structure considerations
  • Review, edit and refine financial models and valuation analyses through a demonstrated proficiency in corporate finance and accounting theory
  • Prepare and present materials used in client meetings, covering topics such as strategic alternatives, capital markets activity and general corporate finance
  • Manage all stages of transaction executions, from the pitch phase through to closing

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 supports 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.

Training and development

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. Vault ranked J.P. Morgan's Investment Bank #1 in formal training for 2011.

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

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 advanced accounting, financial modeling, valuation analytics, capital markets products, and credit and risk analysis. Series 79 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 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 development courses offered by IB University.

What we look for

The work is fast paced, demanding and intellectually stimulating. Successful Associates are highly motivated, results driven, creative individuals who can generate ideas and execute them effectively. You must have the ability to work well under pressure and tight deadlines, and have the aptitude to synthesize large amounts of information and 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.


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