CIB Credit risk at J.P. Morgan

Top Employer
Duration
Internship (1-4 Months)
Region
London Greater London
Review Date
Salary
£30,000+
Roles
Banking/Finance

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J.P. Morgan is a Top Employer

5.7/10

The Role
6.2
Organisation
6.0

Socialising

4.8

The Role

1. To what extent did you enjoy your work placement or internship?

The internship was a great opportunity to understand the firm as you get to interact with many different teams ranging from IBD to sales, depending on the clients and deals you work on. It is also an opportunity to develop knowledge in a wide range of products, clients and geographies.

7/10

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2. To what extent did you feel valued by your colleagues?

The hierarchy is quite flat so you get exposure to pretty senior people depending on the clients you work on. Case studies make it however more challenging to get work directly from colleagues and work is managed by different staffer from other analysts, giving limited opportunity to deviate from planned workload.

5/10

3. To what extent were you given support and guidance by management/your supervisor(s)?

Case study work is very well rounded with designated supervisors who however are sometimes forgetful about their responsibility.
Weekly catch ups are highly helpful and would recommend pushing for them as they allow for feedback, workload management and useful inputs throughout the internship.
Important to make use of buddy as they are probably the best guidance to navigate the teams.

5/10

4. How busy were you on a daily basis?

Case study work makes your days quite busy, with an average of 14 hours a day. It adds on top of deskwork, which is also quite intense. Time management is key as deadlines are quite long but you need to break your work into smaller pieces to meet them. Limited weekend work if you achieve this.

3/10

5. How much responsibility were you given during your placement?

Depending on the task, you can be the only analyst working on the client and therefore are expected to know it in and out. This can be quite challenging and require a great attention to detail but it also is rewarding to take full ownership of a client and become the person people turn to when they have questions on it.

8/10

6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?

Training provided is quite extensive and covers a wide variety of topics. It remains however quite specific to the area and has limited application in academics. Soft skills are quite useful in particular given numerous presentation opportunities and exposure to challenging cases that require a great attention to details / perfectionism.

9/10

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The Organisation

7. What was the general atmosphere in your office?

Depending on the team, you can expect to have more or less fun. Some teams are quite keen to organise socials and include interns when other teams simply dismiss the intern in their teams and have limited appetite for socialising. This probably depends on what everyone's personal lives and can vary every year as rotations take place.

5/10

8. How well organised was the overall work placement or internship set up?

HR runs the programme wonderfully and within the department, quite a few people are responsible for case studies and intern monitoring. They can all be very useful resources and they spend a lot of time working on the programme ensuring that you get exposure to all teams with breakfasts and drinks. Some delays in response and absence of response made it however sometimes stressful.

9/10

9. In terms of personal training and development, to what extent did the company or firm invest in you?

JPM invests loads in the internship and you get training throughout the 10 weeks not only training that is relevant to your day to day but also on other teams which is valuable for the rotation programme. External firms are of great quality and optional trainings are a must for soft skills development!

9/10

10. What were the perks on your work placement?

  • Subsidised Canteen
  • Subsidised/Company Gym
  • Company Parties/Events
5/10

11. How appealing are future employment prospects within the organisation?

Relocation of jobs to cheaper locations and a poor promotion management makes future employment prospect very low. Contingents are being reduced year on year and people leave more and more to go to other teams or companies as they realise that very limited opportunities are available beyond the vice president position.

2/10

Social

12. Was there a good social scene amongst any fellow placement students/colleagues?

The internship cohort was very friendly and we never missed an occasion to go out and celebrate the end of any common case study everyone had to go through.

10/10

13. What was the cost of living and socialising in the area you worked in?

Canary Wharf has loads of opportunities to socialise after work but the cost can sometimes be high.

3/10

14. What was the Nightlife like in the area you worked?

Never went out in the area as it is limited to bars. We did go out to other places in the city however.

3/10

15. Were there many opportunities to get involved in activities outside of work?

A corporate social responsibility day is organised when you have to volunteer in a place around London, usually to involving gardening. Some clubs exist for sports mostly if you are found of these. A few business resource groups also organise activities outside of work that you can easily be a part of.

3/10

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