J.P. Morgan Investment Banking Associate Interview Questions & Reviews

Updated Jun 25, 2014
Updated Jun 25, 2014
10 interviews

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Interview Experience

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Getting an Interview

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Investment Banking Associate Interview

Anonymous Interview Candidate
Anonymous Interview Candidate
Application Details

I interviewed through college or university. The process took a day - interviewed at J.P. Morgan.

Interview Details

Process involves a lot of networking, both with your school's alumni base and with people in the group you're interested in. It is almost impossible to get into the bank if you don't come from a target school or don't find alumni who will push you through.

Interview Questions
  • Variety of technical questions - Walk me through a DCF, Qualities of a good LBO, etc.   Answer Question
Negotiation Details
Coming through the MBA recruiting process there is very little negotiation. You come in with a class of 60-80 other MBAs all at the same salary/signing bonus/start date
Accepted Offer

Other Interview Reviews for J.P. Morgan

  1. 1 person found this helpful  

    Investment Banking Associate Interview

    Anonymous Employee
    Anonymous Employee
    Interview Details

    Just called walked in said a few things we had a drink and I got the job

    No Offer
  2.  

    Investment Banking Associate Interview

    Anonymous Interview Candidate  in  New York, NY
    Anonymous Interview Candidate in New York, NY
    Application Details

    I interviewed through college or university. The process took 3 months - interviewed at J.P. Morgan in January 2010.

    Interview Details

    Interviewed as an MBA student. Process was high touch and I probably had 10+ informal interviews before the formal process started. Formal process involved a first round interview with 2 senior bankers and then second round was 2 interviews with MDs.

    Interview Questions
    Accepted Offer
    Positive Experience
    Difficult Interview
  3.  

    Investment Banking Associate Interview

    Anonymous Employee  in  New York, NY
    Anonymous Employee in New York, NY
    Application Details

    I interviewed through a recruiter - interviewed at J.P. Morgan in December 2012.

    Interview Details

    First round interview at university. Second round on site in NYC.

    Interview Questions
    Declined Offer
    Positive Experience
    Easy Interview
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  5.  

    Investment Banking Associate Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Interview Details

    Very Professional interview and I liked they way the interviewer asked questions closely and candidly. He really took an interest in what I had to say and listened very patiently to answer to all of the questions.

    Interview Questions
    Negotiation Details
    No negotiation.
    Accepted Offer
  6. 1 person found this helpful  

    Investment Banking Associate Interview

    Anonymous Employee
    Anonymous Employee
    Application Details

    I interviewed through college or university - interviewed at J.P. Morgan in October 2013.

    Interview Details

    This was a first round interview made in a target business school for a summer associate position. Unfortunately it seems that the process was extremely biased and decision had been made prior of the interview. We only got 15 minutes of time to pitch ourselves, tell why banking, and ask questions. There were presumptions made already about me even before I entered, which might be because I am an international candidate. I got cut in the middle of a question and received even less than the 15 minutes of allocated time since the interviewer was running behind her schedule.

    Interview Questions
    No Offer
    Negative Experience
    Average Interview
  7.  

    Investment Banking Associate Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Interview Details

    The interview process at JP Morgan was very well run and very informative and helps understanding the different aspects of the jobs and requirements. I appreciated the great interaction with the different people that I met and the sense of teamwork that I got. The work balance in these jobs is a real challenge and I was pleased that it was not concealed at the time that I interviewed.

    Accepted Offer
  8. 2 people found this helpful  

    Investment Banking Associate Interview

    Anonymous Employee  in  New York, NY
    Anonymous Employee in New York, NY
    Application Details

    I interviewed online. The process took 2 weeks - interviewed at J.P. Morgan in February 2011.

    Interview Details

    I was invited to interview and did okay on it but then they asked me for transcripts and additional background information.

    Interview Questions
    • Pre-deal situation
      BuyCo plans to acquire 100% shares of SellCo in a stock-for-stock transaction.
      BuyCo has a net income of $300,000 and 100,000 shares outstanding
      Market shareprice of BuyCo is $50.0
      Pre-deal EPS = $3.0
      Pre-deal P/E = 16.7x
      SellCo has a net income of $100,000 and 50,000 shares outstanding
      Market shareprice of SellCo is $60.0
      Pre-deal EPS = $2.0
      Pre-deal P/E = 30.0x

      The deal
      BuyCo agrees to pay a premium for control of 30%, so the offer price for one SellCo share is 1.3*$60.0 = $78.0
      Stock-for-stock exchange ratio is $78/$50 = 1.56 of BuyCo shares for one SellCo share
      BuyCo issues 1.56*50,000 = 78,000 new shares to exchange them for all the SellCo shares outstanding
      Total shares of NewCo = 100,000 (pre-deal shares of BuyCo) + 78,000 (new shares) = 178,000 shares
      NewCo expected EPS = Total net income/Total shares outstanding = ($300,000+$100,000)/178,000 = $2.25
      NewCo expected shareprice = (P/E of BuyCo)*(expected EPS) = 16.7x*$2.25 = $37.45

      Post-deal situation
      EPS of NewCo fall from $3.0 to $2.25, so the deal is 25% dilutive for BuyCo shareholders
      BuyCo shareholders own 100,000/178,000 = 56.18% of NewCo
      SellCo shareholders own 78,000/178,000 = 43.82% of NewCo

      http://en.wikipedia.org/wiki/Accretion/dilution_analysis
        View Answer
    No Offer
    Positive Experience
    Difficult Interview
  9.  

    Investment Banking Associate Interview

    Anonymous Interview Candidate  in  London, England (UK)
    Anonymous Interview Candidate in London, England (UK)
    Application Details

    I interviewed online. The process took 3 weeks - interviewed at J.P. Morgan.

    Interview Details

    Online application. Then online tests. Then two interviews on site. Then a full day assessment centre, testing number skill, presentation skills, debating skills, soft skills.

    Interview Questions
    • Questions included - why do you want to do this, tell me about yourself, tell me a time you achieved more than was asked, tell me a time you worked with difficult colleagues and how you resolved the situation, tell me how you saw the global financial crisis, tell me how you think the industry and the bank should respond to it, tell me a person you admire and why, tell me what inspires you, do you have any questions for me... also heard of "how many ping pong balls would fit on the deck of the Titanic"... "what was JPM's lowest share price in the last 12M"   View Answer
    Negotiation Details
    Phone call to tell me I had the job, with salary details. Accepted on the spot.
    Accepted Offer
    Positive Experience
    Difficult Interview
  10.  

    Investment Banking Associate Interview

    Anonymous Employee
    Anonymous Employee
    Application Details

    I interviewed online. The process took a day - interviewed at J.P. Morgan in September 2011.

    Interview Details

    First investment banking interview, asked about markets in East Asia.

    Interview Questions
    No Offer
    Neutral Experience
    Difficult Interview

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