As an Analyst in Investment Banking, you will spend two years working 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 Analysts are the anchors of each team and are expected to make a personal impact right from the start. 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 Analyst'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 our industry or product groups. No matter what team you're part of, you can expect exposure to senior clients and major deals from very early in your career. You will play a key role as an Analyst. 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 a Full-time Investment Banking Analyst, you will:
Perform valuation analyses using various methodologies including discounted cash flow, leveraged buyout, trading comparables and transaction comparables
Participate in the origination and execution of equity and debt transactions
Build detailed financial models to evaluate performance under various operating scenarios and to analyze the impacts of different capital structures and potential M&A transactions
Prepare presentation materials for use in client meetings, covering topics such as strategic alternatives, capital markets activity and general corporate finance
Participate in all stages of transaction executions, from the pitch phase through to closing
Coordinate efforts with deal team members across the Investment Bank
Training and development
Our global training program is widely accepted as the best in the business, and it is one of the reasons so many top undergraduates choose to join our firm. Vault ranked J.P. Morgan #1 in training among all investment banks for 2010. Learning side by side with participants from J.P. Morgan's international offices, you will meet peers from around the world and build your global network right from day one.
As a full-time Investment Banking Analyst, you will participate in an intensive seven-week training program that introduces you to J.P. Morgan's clients, products, services and business practices. J.P. Morgan professionals, world-class professors and consultants use a variety of interactive learning tools, including case studies, product and industry group presentations and hands-on modeling sessions.
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 market economics, accounting, financial modeling, applied corporate finance, valuation analytics, capital markets products, and credit and risk analysis. For Analysts who want more practice, there are even optional Saturday review sessions. Series 79 and 63 training is provided to all trainees who require these certifications. You will also develop an appreciation for the firm's culture and its strategy as a result of numerous interactions with senior executives during training.
Read more on our global training program for Analysts.
Your education will continue long past the Investment Banking training program in a continuum of relevant development courses offered by IB University.
Your career path
The Analyst program lasts two years, with continuous training and networking opportunities throughout. If you perform well, you may assume increasing responsibilities and may be asked to stay for a third year. During your third year, you may remain with your current business group or pursue another placement inside or outside Investment Banking. Eligible third-year Analysts promoted to Associates are given a month-long sabbatical before they start their new positions.
What we look for
The work is fast paced, demanding and intellectually stimulating. We look for candidates with excellent quantitative, analytical and communication skills. 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 ready to assume a high level of responsibility as a member of a team. A well-rounded academic background, with coursework in finance or economics, is recommended, but we are open to all majors and have training to make sure you succeed. Candidates must demonstrate academic strength, a minimum GPA of 3.2, strong teamwork, communication skills and a high energy level.
An aptitude for numbers is a must, even if you're a liberal arts major. 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.
The most successful route to a career with J.P. Morgan's Investment Banking group is through our summer internship program, for two reasons. First, it will give you the opportunity to see what it's really like to work at J.P. Morgan and you will have similar responsibilities to Full-time Analysts. Second, we hire a majority of our Full-time Analysts from the summer program.