JPMorgan - Jobs for experienced professional?

Makkusu

asajj wrote: »

I work in an investment bank. Very few people really travel around the world. Especially in the cost-cutting environment, we are in.

I can't understand that you are talking about partner level yet you only have 6 years experience in accountancy. Assuming you mean director level, most directors I know have around 15+years of experience in the field, if not more.
Yes JPM may offer the progression but it comes with a big competition too. Just to give an idea, I had an interview with them in last October. 5 were short-listed among nearly 600 applications.

Graduate schemes mostly get top uni students indeed but there are lots of different entry level roles. Starting salaries are somewhere along the lines 40-45k in London.

If you want to be an investment banker, go for CFA, not ACCA.

And an MBA was much more valuable 20 years ago. Nowadays, many people have it and you will be paid according to your job band/level. You can have MBA but you might not be able to demonstrate the experience/knowledge required to be, let's say, a vice president.

Thanks for the information, yes in hindsight I would have probably studied CFA if I could go back in time but I ended up doing ACCA for my career and will stick it through to the end at least.

An MBA would be something I do alongside a good working environment to put what I learn to practice - I think you can progress to one from ACCA for £10k. A salary anywhere around £40k+ at my age I'm very happy with, I'd consider dropping to high twenties to give JP a go.

I work in a dynamic field of accountancy and know a few who made partner level at 30 and in my humble opinion they don't have anything that I don't and I've climbed faster than they have. Being a partner doesn't really get me excited (yet), I'd much rather experience a large corporate environment for the good or bad of it whilst I'm young.

samdk

Makkusu wrote: »

Does anyone on this forum work or has worked for JPM? I live near one of their offices and would love to have a career there, it has 114 jobs advertised but I've never known where to start or what would be a good entry for me.

I'm studying ACCA and want to do an MBA after. 6 years experience in as an accountant.

Is there any particular department I could look into? Not sure how to find this stuff out apart from trial & error applying which seems a bit dumb.

EDIT: Also, any idea what a starting salary would be roughly?

I work at JP in the investment bank.
Good place to work.
They treat you well but get their pound of flesh.
Lots of very smart people and a few idiots.
Money isn't as good as it used to be but still ok.
Starting salary completely dependent on role, which bit of the bank (asset management, investment bank, tech etc), where you'd be working (London, Edinburgh, Bournemouth, Glasgow) and how lucky you are.
As said above, pick a role and aim for that.

I'd be surprised if there were any roles at under £40k in London. Grads will start on that in tech. You will be going in at associate level.

Very easy to get your foot in the door in some areas, very difficult in others. Tech easy, trader hard.

Also possible to do 9-5pm.

GarthThomas

cardsguy wrote: »

I highly doubt an MBA would only be paid £40k.

xapprenticex wrote: »

In exchange for how much of their life? I cant see you having any kind of work-life balance with that (but that suits some).

It depended on the role, but a normal day was 07:00 to 18:00, probably straight through with no break, which is normal in a lot of jobs in investment banks.

asajj

Makkusu wrote: »

Thanks for the information, yes in hindsight I would have probably studied CFA if I could go back in time but I ended up doing ACCA for my career and will stick it through to the end at least.

An MBA would be something I do alongside a good working environment to put what I learn to practice - I think you can progress to one from ACCA for £10k. A salary anywhere around £40k+ at my age I'm very happy with, I'd consider dropping to high twenties to give JP a go.

I work in a dynamic field of accountancy and know a few who made partner level at 30 and in my humble opinion they don't have anything that I don't and I've climbed faster than they have. Being a partner doesn't really get me excited (yet), I'd much rather experience a large corporate environment for the good or bad of it whilst I'm young.

Yes ACCA has an MBA partnership. Not sure about the cost but it is on website. I'm sure you are equal or better than those who made it to partner level at age 30. I was merely pointing out, doing this on a small/med size entities likely to be easier/quicker than doing it at JPM. I don't think you would have to drop below £40k. As pointed out, you'd look at associate levels. I think it goes like analyst-associate-vice president and so on at JPM. You may notice this on job applications, it will give you an idea on the level.
One area to look at would be product control probably. You will benefit from accounting knowledge.
Whatever you do, I wish you all the best !