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Why Should I Consider an Internship With J.P. Morgan?
J.P. Morgan is one of the most recognised names in the financial sector and one of the world’s largest investment banks.
Offering services from risk management to consumer banking to public finances to corporate banking, an internship at J.P. Morgan is not only well-respected within the industry, but can also give you a wide perspective on the workings of global finance.
While an internship at J.P. Morgan is likely to be challenging, many report that the company has a friendly and welcoming atmosphere. Interns have ample training and induction, as well as a host of good social events to attend. Most interns past and present also speak highly of the diverse working environment and friendliness of other staff.
Highly successful interns have the possibility of being hired to a graduate role after the internship is completed. A number of divisions do not have an open recruitment process, but rather recruit exclusively from their internship programmes.
What Does an Internship With J.P. Morgan Involve?
Your internship at J.P. Morgan will begin with 5-day orientation, which aims to introduce you to your team, the company, your role and the company’s clients.
The length of internships ranges from 10 weeks to 6 months, and some divisions also offer industrial placements lasting up to 50 weeks for penultimate-year students.
Over the course of the internship, you will be invited to many social events, as well as talks given by industry leaders. You’ll be worked hard, but you'll also gain a wealth of practical experience, new knowledge and fantastic contacts.
How Do I Apply for an Internship With J.P. Morgan?
J.P. Morgan lists open internships on its website, where you can sort vacancies by company division, employment type and country. The entire application is done through an online portal, after which you may be invited for further interviews, aptitude tests and assessment centres.
The internship selection process is very similar to that of the graduate selection process, though in most cases there will be only one stage of assessment/interview instead of two.
Your assessment centre will likely combine most of the activities from the respective graduate selection process into one day. See our article on J.P. Morgan interview questions for detailed information on the selection process for each division.
J.P. Morgan internships are competitive. The requirements for each specific internship may vary, but, generally speaking, you’ll need to have either obtained a 2.1 degree or higher, or be on track to achieve one.
The degree should ideally be related to the internship you’re applying for, though this isn't a pre-requisite. Some divisions will also require you to speak a foreign language.
Application deadlines also vary. Many run from June to September with applications around December, while others are offered on a more ad-hoc basis throughout the year.
For that reason, it’s important to start thinking about it early if you’re interested in an internship. The application deadline will be months before the internship itself, and you’ll need to be prepared well before that to ensure that you’re ready and that you’ve made the right decision.
Which J.P. Morgan Business Areas Offer Internships?
J.P. Morgan offers internships in the vast majority of their divisions, including:
Asset Management
Here you'll work with some of the biggest clients in the world, keeping their major assets in the best shape possible and ensuring they make the most effective decisions.
Human Resources
A very different kind of internship to many at J.P. Morgan (but no less important), Human Resources is primarily concerned with the people that make an organisation work.
Investment Banking
Investment Banking is all about managing risk. You’ll work in teams that help to identify clients’ strengths and weaknesses and advise them on their best course of action.
Operations
During an Operations internship, you’ll have the opportunity to work on the end-to-end processes that form the core of any business, helping to make them as efficient and effective as possible.
Quantitative Research
Using statistics, models, tools and lots and lots of data, Quantitative Research is concerned with the objective research and development that helps clients stay at the top of their game.
Technology
Technology these days is at the heart of any competitive business. J.P. Morgan is no exception, and neither are its clients. An internship in Technology can take you anywhere from big data to mobile solutions, from machine learning to cyber security. It’s an incredibly fast-moving and diverse field.
Treasury Services
In this division, teams work with clients to pay, receive, invest and finance businesses during their day-to-day operations.
Pre-Internships (Spring Week)
JPMorgan also offers week-long insight programmes, called Spring Week, in a few of its business areas:
- Asset & Wealth Management
- Corporate & Investment Banking
- Spring Into Technology
- Spring Into Finance & Business Management
The requirements for these short-term programmes are the same as above, though the application process is simpler. It involves:
- Online application
- Numerical test
- Interview
These programmes could lead to the attainment of a summer internship and eventually a permanent role. They are looking for you to demonstrate your enthusiasm for the industry, knowledge of J.P. Morgan, andcommercial awareness.
