JPMC Summer Internship Interview
Verified
JPMC
Wealth Management Risk Analyst
2024
•ByAnonymous
Candidate Profile
Background
"B.A. Prog Economics + History"
Interview Outcome
Selected
GD
Round 1Answer
Tips/Suggestions
- ● Be very participative in a workshop, you may not get a chance to speak. Don’t wait for them to call your name – you may be asked a question you don’t know the answer to. Instead try to answer a question of your volition even if you don’t know the complete answer – atleast you’ll be in control of the situation and be able to present what you do know in a structured way. Though they asked people in the front, middle and back to answer, my sitting in the second row might ha ve helped as my actions were visible – jotting down notes, nonverbally agreeing or disagreeing with points being made etc.
- ● They may have appreciated honesty regarding limited knowledge of finance concepts, and eagerness to ask to be steered in the right direction.
- ● Be confident and smile
- ● Even if you fumble or give the wrong answer, admit your mistake and ask for clarification / information.
- ● They may pressure you intentionally or unintentionally by repeatedly demanding crisp answers, or through their general demeanour. Don’t lose your cool.
- ● Selection in GDs can seem extremely random from the candidates’ point of view. Account for that subjectivity factor and be well prepared to minimise risk.
- ● Some candidates didn’t mention anything related to finance in their PI round 1, but still got asked questions about derivatives and other advanced finance concepts. Another got asked a question about an industry that was related to his internship only by v irtue of being a vertical under the same group of companies. If possible, do try to steer your interview in the direction you want it to go.
Overall Process Experience
- ✗The process was quite tiring, we had very little time to prepare due to other tasks + in my case, I was still learning what to prioritise and hadn’t expected a shortlist. Else I could’ve prepared for JPMC in advance by ranking my obligations and deciding wh at to forego. So give highest importance to those processes where you have a chance of getting placed. And learn about the MBA placement cycle life, tips and tricks in advance so you know how to juggle a multitude of tasks when the time comes. A lot of your time will be taken up by travel. Be prepared for exigencies like long delays in getting taxis. And try to build up your sleep reserves before the process starts – if you have multiple shortlists for the same company, consecutively, you’ll get little sleep as it is. Study in advance wherever possible so you don’t have to stay up and deal with exhaustion later. The compendium isn’t enough at all, it is just a very compact summary of finance terms – not at all sufficient for interviews or GDs. Instead learn about the industry – wise applications, pros, cons, and information sources for each concept. Read up on rec ent news related to the role. Pay attention in pre placement talks. What companies look for is the real world significance and uses of concepts. Study various situations related to each concept, eg the GD topic for a different role was whether a company sh ould raise capital through debt or equity in a potential recessionary economy. Don’t just go through the experiences of those who did get placed. Also ask for the experiences of those who didn’t, especially those who went to the final or penultimate rounds.