JPMorgan Chase Careers: Guide and Tips for 2024

What Is JPMorgan Chase?

JPMorgan Chase is a multinational institution that is one of the best-known financial companies in the world.

Founded in 1799 in New York City, the business manages assets and investments, provides banking services and business advice to millions of customers, including some of the most prominent global corporations and governments and the wealthiest private individuals.

Roles at JPMorgan Chase cover almost all aspects of banking and finance, from personal banking to wealth management, corporate banking, investments as well as corporate functions.

For recent graduates and experienced professionals, working at JPMorgan Chase offers a career in an institution that has a global reach, with offices in more than 60 countries.

The application process at JPMorgan Chase is straightforward – just four steps – but competition for roles is fierce, especially for internships and graduate schemes.

If you are looking for a role as part of the talent-driven, diverse and inclusive staff at JPMorgan Chase, then you should expect to complete the following recruitment stages:

• Search online for the right role
• Send in a tailored, detailed and brief resume
• Interview – A combination of pre-recorded video, telephone, virtual and in-person, depending on the role that you have applied for
• Offer – You can expect to hear within a couple of weeks whether you were successful in your application.

What Jobs Are Available at JPMorgan Chase for April 2024?

As one of the largest financial institutions in the world, roles at JPMorgan Chase can be found globally – you can work for the offices in Asia, Europe, the Middle East, Africa, North America and South America.

Each area has similar opportunities available for both students and experienced professionals, although some of the internships and graduate schemes are more likely to be focused on the bigger offices such as those in London, New York or Singapore.

The roles available at JPMorgan Chase are separated into different business areas. Each area covers certain job types.

Asset and Wealth Management

Strategists and portfolio managers work with some of the wealthiest individuals and corporations with the intention of maintaining, growing and transferring wealth.

Focusing on things like equities and hedge funds, real assets and liquidity, working in this division means providing private banking services and advice on things like tax and estate planning.

Commercial Banking

For commercial entities, banking services include credit markets, international banking and community development banking (in the US).

The commercial banking section looks after Middle Market businesses (grossing $20 million to $500 million), as well as corporate clients that turn over more than $500 million, such as entertainment businesses, healthcare, technology and other financial institutions.

Consumer and Community Banking

Dealing with the everyday banking needs of private customers, this business area includes business banking, merchant services, auto finance, mortgages and other consumer banking services.

Corporate & Investment Bank

In this business area, the roles that are involved include public finance, securities and wholesale payments specifically for corporations with an eye on investment opportunities.

This is where research and analysis are particularly important, with a close eye kept on the activities of the markets for the best results.

Corporate Functions

The ‘back office’ functions at JPMorgan Chase include things like legal, risk management, audit and capital management.

It is also where marketing and communications, corporate responsibility and things like HR and strategy roles can be found.

Technology

Technology is really important to the banking industry, and JPMorgan Chase is looking for tech-savvy coders and programmers who are able to make a difference and keep all that data safe.

This is the business area that is looking for software engineers and people who can improve infrastructure and cyber security in an increasingly online world.

Application Process at JPMorgan Chase in 2024

Finding a role at JPMorgan Chase is simple – and the recruitment process is surprisingly straightforward, with only a few steps.

Firstly, you need to find the role that you are most interested in. The careers site at JPMorgan Chase provides lots of information about what types of jobs are available, from pre-internships to apprenticeships, internships and graduate schemes, right through to experienced professional full-time roles.

Once you have chosen the perfect fit, you will need to submit a resume for the role. Your resume needs to be tailored to fit the role, well-written and informative so that the recruitment team can immediately see why you are the best choice for the job you have applied for.

There are more tips for writing the perfect resume for a role at JPMorgan Chase below, so make sure you check them out before you get started.

Remember that your resume is often the first contact that the recruitment team will have with you, so it is important that you create the right first impression and make it easy for them to choose you to take to the next stage.

If you are selected to move forward in the process, the next stage will be the interviews. Depending on the role you have applied for, you might face a combination of the following interview types:

• Telephone – This is usually a ‘getting to know you’ type of interview, where you are more likely to get questions about the specifics of your resume, and you might be expected to answer some questions about why you want to work at JPMorgan Chase and why you have applied for the role.

• Video – Usually used as part of the student and graduate recruitment process, this interview is a pre-recorded question and answer session where you will be asked different types of interview questions and will need to record your answers on video to be reviewed by the recruitment team at a later date.

• Virtual – This might take place using online conference tools like Zoom and is similar in structure and content to an in-person interview. You might be interviewed by a panel or by an individual.

• In-person – These interviews take place at the office and follow a more traditional interview structure where you can expect to answer questions about yourself, your past experiences and your qualifications, as well as questions about your motivations, competencies and your knowledge of the business area that you have applied for.

Following the interview, you can usually expect to hear back from the recruitment team about the role within a couple of weeks.

Be patient, as there are likely to be quite a few applicants for each role. The onboarding process at JPMorgan Chase is in-depth and detailed, and you will be given ample opportunities to learn and develop throughout your career at this company.

Making the Best Resume for JPMorgan Chase

Unlike some of the key competitors for JPMorgan Chase, the application process here starts with a resume.

You will need to make sure that your resume is completely tailored to be perfect for the role you have applied for, and that it really demonstrates your achievements and what you can do.

When you are setting up your resume, make sure that you know exactly what skills, competencies and aptitudes you will need to demonstrate to be successful, and really highlight these in your resume.

You will want to include qualifications and experience that are relevant, and you can find out exactly what type of person the recruitment team are looking for from the details in the job description.

You will also want to detail key achievements from school or in past employment that are relevant to the role, whether that is creating a piece of software for a technology role or previous success in the markets for an analyst role.

One of the most important things to think about when looking at your achievements is to show what you have done, rather than just describing them – so use data where you can.

The last thing to think about when creating your resume is that brevity is really important to the recruitment team. Be as concise as possible with what information you are sharing so that it is exactly what they need to know – they will have to read countless resumes when they are looking for a new employee.

Finally, make sure that you check for spelling and grammar. Crafting the perfect resume will mean nothing if you miss a mistake – working in finance means that you need a really good eye for detail. Then you might want to get someone else to read the resume before you send it off, so that you know it all makes sense and is easy to read and understand.

What Interview Questions Do JPMorgan Chase Ask?

JPMorgan Chase uses several different interview types in combination when they are recruiting, and you could face more than one in your process – but the questions center around certain specific types.

Competency

These questions are looking for soft skills that you will need to be successful in the role, and the answers you will need to give will be based on different situations that you have been in, describing what you did in certain scenarios.

Some of the questions that you might face include:

• Describe a time when you influenced someone to change their mind.
• How would you invest £10,000 of your own money?
• Tell us about a time when you have failed to meet an objective.
• Is it more important to be respected or be respectful?
• Provide an example of how you have dealt with a problem you have encountered as a team.

Motivational

The motivational questions are designed to get to know why you want to apply to work at JPMorgan Chase and what plans you have for the future.

The recruitment team is looking for the factors that push you to learn, develop and be successful.

Some of these questions might include:

• Why did you apply to work at JPMorgan Chase?
• Where do you see yourself in 10 years?
• What made you decide on the university course you took?
• What makes you excited about the role that you have applied for?
• Why do you want to work in the financial industry?

Commercial Awareness

The financial industry is a fast-moving entity and keeping up with news and developments will make sure that you are in the best position to offer advice to clients and help them make the best decisions.

Some of the questions that you might be asked to gauge your commercial awareness and your industry knowledge include:

• What caused the most recent recession?
• Who are JPMorgan Chase’s key competitors?
• What is happening in the financial markets at the moment?
• How could the current financial crisis be solved?
• What is something that has happened in recent financial news that you were particularly interested in?

Some of the questions you might be asked may be more specifically related to the type of role that you have applied for. If you are looking for a technical role, you will be expected to complete a couple of coding challenges to get an idea of your proficiency in a specific programming language.

Preparation for the interview with JPMorgan Chase is essential. JPMorgan Chase appreciates the importance of several factors, which are listed below.

Preparation is everything for an interview with JPMorgan Chase, whether it is online, over the telephone or in person.

You will want to give a great impression of yourself through the interview and show the recruitment team that you are serious about the role, you have done your research and that you will be an excellent addition to the team.

The Offer Process at JPMorgan Chase

In most cases, the recruitment team will be in touch within a couple of weeks to discuss your results and make an offer if you are successful.

Along with other financial institutions, JPMorgan Chase often makes ‘exploding offers’ – a job offer that is only valid for a certain amount of time. These can make the decision to accept feel quite rushed, but often means that you will not have to wait too long for the comprehensive onboarding process to begin.

If you are not successful at this stage, you might want to apply for another role or sign up to the Talent Network to get updates on new roles that might be more suitable.

Frequently Asked Questions

Final Thoughts

Getting that perfect job at JPMorgan Chase is difficult, but not impossible – as long as you have the right qualifications and have taken the time to prepare for the process.

What seems like a straightforward recruitment process needs careful consideration at each stage – details are important, and the more you know about what to expect, the better you will be able to perform.

The main things to focus on should be tailoring your resume to suit the role you have applied for, with quantitative data to show your achievements where possible.

Don’t forget to do your research on the company, the role you have applied for and the financial industry in general so that you can ace the interview and show the recruitment team that you are the best applicant for the role.