JP Morgan Interview: Questions, Tips and Process Guide

The J.P. Morgan Interview Process: What You Need to Know About Getting Your Foot in the Door as a Junior Analyst

As the largest bank in the United States and one of the ten largest banks in the world, positions at J.P. Morgan are highly sought after.

There’s plenty of room for junior analysts to grow their experience and salaries and climb the corporate ladder. But what does it take to get your foot in the door and start working at the company?

As with any respectable bank, and especially so with a hugely successful company like J.P. Morgan, you’ll need to ace your interview to secure a spot with them as a starting analyst.

Equity, credit, and quantitative analysts will all face very similar application processes right up until the questions that are used to test your particular skillset in the final interview stages.

J.P. Morgan’s interviewing process for junior analyst positions can be as short as a week or as long as four months.

If you’ve been referred for your position by someone already working in the company, the interview process is much shorter, and you will be given some priority over other applicants.

Here’s what you need to know to prepare before you apply.

JP Morgan Interview Questions

Photo from jpmorganchase.com

Research the Company

On the J.P. Morgan career site, it’s suggested that you do your research on their company before you even begin the application process.

Once you make it to the interview stage, you’ll find out quickly that the research is a requirement and not just a suggestion.

If you want to make it in as a junior analyst, you need to prove your dedication to the company.

The final stages of the interview process will bring you face to face with senior management who will be drilling you on questions about the company history, up-to-date company stock values, and current press about J.P. Morgan and Chase.

Applicants who didn’t take the time to learn about the company are weeded out quickly.

Before you proceed with any other part of the application process, study up on relevant company information.

Read recently published articles, and inform yourself on what J.P. Morgan values in an employee. Use this information to dictate how you adjust your resume and write your cover letter to best appeal to the recruitment team.

Before your scheduled interview, take notes on the main information and memorize important stats, like the latest adjustments to their stocks.

Setting aside the time to remember this information will be an enormous help in the heat of the moment when interviewers are trying to trip you up. If you can answer quickly and keep your cool, you’ll stand out ahead of the pack of other applicants.

Perfecting Your Resume and Cover Letter

Your resume and cover letter are your only opportunity to represent yourself to the recruitment team before your interview, so make them count.

If you have a bland resume design with standard credentials and accomplishments, you’re not going to stand out as a potential new hire.

At the same time, you don’t want to come off as unprofessional or draw negative attention to yourself that will get your resume trashed right away.

Avoid using distracting fonts, too many colors or visuals, and other common resume mistakes that could lose you the job before you even get the chance to set up an interview.

Make sure that your resume has a unique, sleek design that will leave a solid and memorable impression with recruiters.

You can use free, user-friendly graphic design sites like Canva to take your resume layout up a notch.

A few simple rearrangements will keep your resume from looking like just another word document full of bulleted lists.
Resume and Cover Letter

Resume designed by Bill Mawhinney using Canva

Write about your credentials, experience, and accomplishments that tie directly into the position, but branch out a little if you can.

Make yourself memorable.

Have you served in the military? Ever been in the newspaper or done anything noteworthy in your community? Even if your experience isn’t directly tied into finance, you can still use your resume to mention accomplishments that highlight traits that make you a valuable asset to the company.

Determined, motivated, go-getters who are always pushing to do better and accomplish more will catch the eye of the hiring team.

Be sure to use your knowledge of J.P. Morgan’s company values to talk about how THEY will benefit from your employment, not just to go on about how great YOU are.

Where to Apply

The most popular way to apply to the company is to check online for job openings.

Unless you’re being referred directly by a current employee, you’ll need to keep a close eye on any opportunities that arise in your desired field.

To monitor openings in your area, create accounts on job searching sites like Monster and Glassdoor. You can set up email alerts that will notify you when J.P. Morgan announces an available position so you can apply as quickly as possible and have a good chance of getting called to set up an interview.

If you’re a student and live near the New York Headquarters, you can also find your way in through conferences and job fairs at local universities.

Double check, and then triple check, that there are no spelling or grammatical errors in your resume, cover letter, or any other part of your application before you submit it.

If spelling isn’t your forte, find a friend who’s great at it and ask them to review your application for you. Even one spelling mistake comes off as glaringly unprofessional, so be thorough when you edit.

JP Morgan jobs apply online

Image from J.P. Morgan’s Career Site

The Phone Interview

If your resume qualifies you to enter the first stage of the interview process, you will be called and notified of your progress, then asked to schedule a phone interview.

This interview covers basic behavioral questions and is a preliminary net to see if you’re a good fit for the company.

Prepare for typical interview questions about how well you get along with co-workers, your organization habits, and your core competencies with programs like Excel.

It’s best to think about some of trickier answers in advance like:

  • What’s your greatest weakness?
  • What was one time you were put in a morally stressful position at work?

and you can even jot down some key notes ahead of time to keep handy during the call.

Set an alarm to go off at least half an hour before the interview begins to give yourself time to prepare.

Make sure you have any notes you made on hand, as well as a pen and blank paper to take notes during the interview.

Find a quiet place with a good reception where you will be able to complete your interview undisturbed.

On the off chance that you miss the call, or there is any dropped-call phone tag, check your phone’s current voicemail message ahead of time and record a professional-sounding greeting (if you don’t already have one).

The last thing you want is for your interviewer to hear the wildly unprofessional prank greeting you and your friends recorded a year ago.

Still nervous about potential pitfalls? Here are some tips to keep your phone interview game at its peak and avoid giving your interviewer a bad impression.

One on One Interviews

Once you’ve successfully made it through your phone interview, you’ll arrange to meet with management for your in-person interview.

While you’re there, you’ll go through several rounds of questioning from different higher-ups.

You can expect to have at least three different interviews the day you’re called in. This is the most intense part of the process of becoming a junior analyst with J.P. Morgan.

Interviews for positions in financial companies are more intense than typical job interviews.

The questions often come rapidly, and you’ll need to think on your feet if you want to impress your interviewers.

Behavioral questions will range from typical “What would you do if a co-worker is acting unethical?” to off-the-wall questions determined by the person interviewing you, like “What would your ex’s mother say about you?”

Your in-person interview is also where the management will take the time to quiz you on your skills as an analyst, how thoroughly you researched the company, and how on top of the current market information you are.

Some interviewers will try to lay the pressure on to test your ability to handle stress. This set of interviews usually takes between two and three hours, but be ready to stay longer if necessary.

If you prepared ahead of time and are really serious about your career in finance, the interview will be a challenge, but it will be the one you can handle.

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