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J.P. Morgan Investment Bank (Europe)

Investment Banking

GENERAL INFO

Headquarters: London,
2300 offices (Company stats)

THE BUZZ…
  • “Strongest global bank left; well-respected CEO—he should be US Treasury Secretary”
  • “Sweatshop, past its prime, too focused on cost cutting”
  • “The big winner in the crisis; very strong UK franchise”
  • “Macho”

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SALARIES


J.P. Morgan Investment Bank (Europe) salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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SURVEY SAYS


Can you keep up?

J.P. Morgan people “are driven, but fun at work,” sources say, and the bank—with its storied history—has a culture that “is well defined.”  Employees are “friendly and approachable—definitely not the loud, brash stereotype of City bankers portrayed in popular culture.”  But it is “highly competitive” in the sense that “everyone wants to succeed.”  “Strong meritocracy” and equally “strong teamwork” are the hallmarks of the firm, and “there is a lot of emphasis on junior development, mentoring and continued education.”





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DISCUSSIONS


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J.P. Morgan Investment Bank (Europe) Perspective


In what areas does J.P.Morgan consider itself to be particularly strong?


J.P. Morgan continually ranks among the top investment banks in several product areas. Highlights from the past year include:

  • Institutional Investor's America's Investment Bank of the Year.
  • Risk magazine's:
    - Derivatives House of the Year;
    - Best Derivatives House of the Past 20 Years; and
    - Best Credit Derivatives House ? Pioneer and Modern Great.
    - #1 in global investment banking fees*
    - #1 in global loan syndications and global high-yield bonds for the third year in a row.*
    - #2 in equity underwriting, up from #6 in 2006.*

From the start, our goal has been to become the world's most profitable, respected and influential investment bank. Two hundred years on, this hasn't changed. We are still an industry innovator, forcing the pace of change in global finance, executing "first-class business, in a first-class way". JP Morgan is the investment banking business of JPMorgan Chase, a leading global financial services firm with assets of more than $1.6 trillion and operations in more than 50 countries. We serve the interests of clients who have complex financial needs, whether they are major corporations, governments, private firms, financial institutions, non-profit organisations or even private individuals. The diverse opportunities within J.P. Morgan stems directly from the breadth of our activities - from investment banking and private equity, to asset management and custody and transaction services.

Getting Hired



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Tips from the inside

Recruiting around the world

“An enormous amount of applications from high calibre graduates” floods J.P. Morgan’s offices each year, and the “sheer number of quality candidates means that the firm can afford to be picky.”  Given current economic conditions, the hurdles are even higher than usual.  Says an analyst, “Two years ago, on average, about 20 to 30 per cent of interns got hired.  These days it’s between 5 per cent and 10 per cent.”  In order to survive the “rigorous selection process,” insiders say candidates “need to work hard on standing out from the crowd, as most will have a very strong academic background and extracurricular activities.”
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''Job Talk: Dealing with the Economic Crisis'' How are employees dealing with the economic crisis?

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