"If you did major in something harder but have a lower GPA, it wouldn't help you. It was better to have an easier major and higher GPA." That is a big problem.
i love how they "dont want to hire people who don't understand that it's 80-100 hour weeks" but literally any time i've asked a banking/consulting recruiter about workload they're always like "oh we have great work life balance! it's an awesome culture" - like... why can't corporate simps just be honest?
ANSWER: Corporate banking really cares about your image. Most people are afraid that if they say anything bad about the job they won't be able to go back and work there. Plus other jobs will not hire you for the same reason. So bad mouthing about any IB, Consulting, PE jobs is considered taboo...
@@bun-bun5610 don't bother applying to chase if you have unsettled/unfinished loans (government institutions, lending companies, etc.) also, if you have unsettled bills from your college/university, most likely they'll fail you as well during the recuruitment process...
Hi from India, I am currently applying for roles at JPMC here in Mumbai and I must say your tips are so helpful and relatable from my experience so far. Really glad I came across your video, thanks for sharing!
Hey Anjali, is your degree in finance? I'm planning on getting MBA fin. but I'm a biology graduate. Can you share some skills I can brush up to get an internship? Well no one is suggesting me to go for it being a girl, if you are already working given that u have commented this like 2 months back, how is life now? hectic or manageable?
Digital interviews were the absolute worst change that was made! Feel like I'm talking to a robot, or in an interrogation room with cops behind the camera, lol
I recently applied for 2024 Investment Banking Summer Analyst Program (Singapore) and this helps me a lot! I am nervous but I hope I make it! Also we get paid too right? in handshake Morgan-Stanley pays 100K-120K dollars per year in NYC, do they also pay the same in other countries?
Is this an opportune moment to invest in stocks? What's the expected recovery timeline? I understand that many people believe equities are currently undervalued. However, there are strategies in play in this market that aren't easily accessible to the average person. Should I consider alternative investment options that may be more suitable for me?
Don't blame yourself, a lack of proficiency in bear markets can restrict your earnings. Seasoned professionals who weathered the 2008 crisis excel by employing tactics like long-short and astute portfolio management to prosper during turbulent times.
JPM recruits!? I am a CPC with Chase and their "service" has declined over the last three years. Closing offices, failing to return calls, and low paying rate bonds with 500k invested. I asked about REITs and received an opinion versus a well thought out investment plan. Some REITs are paying 11% in divideds....I may take my half a mil elsewhere.
What if I come from a Law Bachelor’s degree? With an LLM specialized in M&A, finance, and banking? Is it possible to get into IB? Also got the master in a “target school” (IE University in Spain) I really want to get into IB but didn’t have the knowledge to make the right decision at 16://
What would you recommend for marketing majors. Im a senior about to complete my Business Administration degree in May and I have no marketing experience whatsoever. I currently work for chase but want to get into the JPMorgan corporate office in New York within the marketing field.
What advice do you have for someone entering the finance job market later in life? I am going to be graduating with a bachelors in corporate finance in May at 37 and all of my previous work experience is unrelated to banking. I want to start as an analyst and work my way up...should I even bother with big banks? Thanks
Is there a way of getting an internship after being out of school for a while? I have a finance degree and have literally done nothing with it. My resume is full of retail jobs. I have been doing a valuation analyst program, DCF, 3-statement models etc. What can I do? Just subscribed to your channel! Thanks for the content!
I have an interview with JP Morgan in a few hours, my current experience is McDonalds. They don’t expect you to have IB experience it’s your TRANSFERABLE SKILLS! And how it aligns with the company’s core values
Can you get into the logistics and push for “diversity and inclusion” by sacrificing better candidates solely to hit numbers for diversity. This was spoken of a lot by recruiters on the treasury side. Was it the same way in investment banking as it was in treasury services?
I had a networking call and they said that getting an interview is all through pymetrics and the hirevue now for JPM. They said networking doesn’t do much now. On WSO people said the same thing
i could see networking being less important now but will confirm in a future video. i do know at least for MBA recruiting networking is still important though maybe they don't use digital interviews as much
I hate working for chase bank . If you complain about a manger to the boss or hr they take long to come back to you or they don’t do anything to the manager
@@rareliquid I usually don’t add it on my resume even tho is over 3.3 because for me it was very hard to get a 4.0 or perform the best when I had a full time job because I needed to take care of me and my mom. However, I was still there going to every class, so now that I work for a bank and I have a good career I never look at GPA (at all) when looking at a resume because there is millions of people that are super super talented, disciplined and dedicated that don’t have a good GPA either because of work, English as a second language, bad exam takers, etc.
What about an incomplete masters degree with higher gpa than complete bachelors degree with lower gpa? Have 18/30 credits done for the masters done a few years ago but always left it out of resume. Math degree in USA.
I’ve been working in banking for roughly 8 years. I work for private client at chase as a banker currently. Do you think transitioning into investment banking is a good? More specifically in acceptance.
I consider that it is going to depend on what are of the bank are you, if you are in the commercial retail, it's going to be difficult to enter. But if you are in the corporate finance area it will be useful. I started in the corporate area and the it had given me a wide panorama of the industries and how banks use to review the debt/investments. In that case going to IB for M&A and Debt restructuring was a good idea given the knowledge. But if you are in the commercial area for individual people loans, hmmmm I would try an MBA or something similar to enter to a nice boutique to later go directly to a big firm
that is why people are now quitting their jobs and starting their own businesses (ex youtube, e-commerce). The 8-5 life is pretty draining without a lot of compensation.
I've applied in India....and it's been month. Status showing to be "under consideration for an interview". Will I get an opportunity for interview and if I get how long will I have to wait. Need a clarity in this please
yes we did receive a resume book from the application portal but it was for one of the later superdays and it's a bit of a black hole. every applicant does need to apply through there though
Hi man I’ll be a business analyst and found offers in IB, I Dont know how their condition is. I knew through other that you have bankers analysts and associates and that’s all. I didnt find people speaking about business intelligence or business analysts in IB or quant analysts.
When I got the actual fact about salaries was during the lockdown. Salaries don't make you rich. I went into trading just last year and I bought my first house in the beginning of this year. Then I realised I wasted a lot of time.
What do you mean by "apply to conferences" @ 21:00? Like, just apply to attend the conference and mention the fact that you attended it, which sessions you liked, etc.?
Most people who want to work in investment banking have no business being in that line of work. Look at all the extremely low returns high net worth clients received during the spring and summer of 2020
Hey Ben, if a Bulge Bracket IB has an "Upload Resume/CV" section, but has no mention of a cover letter, should I still attach my cover letter to that document? Or submit the cover letter later?
Hi very good video ! I am just asking when we could get the 20$ membership on patron ? Is it full or we can pretend to be part of each starting months ? Thanks
Great Content. Subscribed. It would be kind of you, if you can make a video on how can someone who is not from a top tier college or B-school, break into investment banking.
13:15 I understand that bankers don't want to talk about work for their only 30 min to 1 hour break during their day, but how to sound natural when I ask non-work related questions? Like I can't just start off by Hi my name is John and nice to meet you. Do you watch any sports? LOL Thanks
Lol do you even socialize? Just go over and ask about what they're doing, like how's the coffee, where'd they get it, and then slowly move on to the topic of hobbies or coworker gossip, that's how I bond in every company I've been in
Regarding qualifications, what do your think if the applicants had low gpa tha k requirements for bachelor degree but had higher gpa for master degree with some experience?
Once you pass the first filter ... It does not mean much your Gpa once you left bachelor's, all is about knowing your numerical skills, modelling and known of the industry (oil, retail, proj fin, etc). And having tons of knowledge of the network and industry as well .
Hey, you mentioned recruiters look for candidates that majored in business or econ, but you also added that math/cs is acceptable as well. How do recruiters feel about candidates that majored in humanities like english, philosophy, political science etc? Are these majors acceptable or is there a clear preference for business/econ and stem candidates.
I would imagine it would be acceptable if you also had an advanced mathematical/cs knowledge to go with it. You would have to demonstrate some potential in economics and finance also to be considered.
humanities majors would be a pretty big uphill battle. don't think i remember anyone getting an offer with anything like an english major (I almost doubled in English at college so I would've been an advocate). You can make up for a non business major through strong finance experiences but at that point why wouldn't you just major or double major in a business / stem major?
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"If you did major in something harder but have a lower GPA, it wouldn't help you. It was better to have an easier major and higher GPA." That is a big problem.
Bruh
i love how they "dont want to hire people who don't understand that it's 80-100 hour weeks" but literally any time i've asked a banking/consulting recruiter about workload they're always like "oh we have great work life balance! it's an awesome culture" - like... why can't corporate simps just be honest?
Those people dont complain. Its a mindset
because they are recruiter
You answered your own question there
ANSWER: Corporate banking really cares about your image. Most people are afraid that if they say anything bad about the job they won't be able to go back and work there. Plus other jobs will not hire you for the same reason. So bad mouthing about any IB, Consulting, PE jobs is considered taboo...
Because they need to recruit people
I'm with JP Morgan Chase for a month. Thank you Lord for this big opportunity 😍
Congratulations
I’m newly hired of jpmorgan chase for almost 2months. 🇵🇭 I thank God, coz i got my dream job😊
Hows their background check ?. Specially if you have sss loan
@@bun-bun5610 don't bother applying to chase if you have unsettled/unfinished loans (government institutions, lending companies, etc.) also, if you have unsettled bills from your college/university, most likely they'll fail you as well during the recuruitment process...
congrats!
May god bless you, selling your soul to the devil
What qualifications required
Hi from India, I am currently applying for roles at JPMC here in Mumbai and I must say your tips are so helpful and relatable from my experience so far. Really glad I came across your video, thanks for sharing!
Hey Anjali, is your degree in finance? I'm planning on getting MBA fin. but I'm a biology graduate. Can you share some skills I can brush up to get an internship?
Well no one is suggesting me to go for it being a girl, if you are already working given that u have commented this like 2 months back, how is life now? hectic or manageable?
My experience is, GPA doesn't mean anything in too many cases. Some of the best GPAs turned out not too well.
when it comes to actual performance on the job totally agree no one cares about gpa
@@rareliquid do freshers get chance with some internships ?
In London it’s not a matter of what you know but who you know - managers have their children, partners and relatives working there - London
Digital interviews were the absolute worst change that was made! Feel like I'm talking to a robot, or in an interrogation room with cops behind the camera, lol
Is there a difference when you guys looked at a resume with a masters versus a bachelors?
yeah, i've notived that as well...alot of finance ppl don't have humility unfortunately
How to crack hirevue interview
You are definitely gonna make it man. Here before 1 millions subs!
thank you haoshen!
I recently applied for 2024 Investment Banking Summer Analyst Program (Singapore) and this helps me a lot! I am nervous but I hope I make it! Also we get paid too right? in handshake Morgan-Stanley pays 100K-120K dollars per year in NYC, do they also pay the same in other countries?
Is this an opportune moment to invest in stocks? What's the expected recovery timeline? I understand that many people believe equities are currently undervalued. However, there are strategies in play in this market that aren't easily accessible to the average person. Should I consider alternative investment options that may be more suitable for me?
Don't blame yourself, a lack of proficiency in bear markets can restrict your earnings. Seasoned professionals who weathered the 2008 crisis excel by employing tactics like long-short and astute portfolio management to prosper during turbulent times.
JPM recruits!? I am a CPC with Chase and their "service" has declined over the last three years. Closing offices, failing to return calls, and low paying rate bonds with 500k invested. I asked about REITs and received an opinion versus a well thought out investment plan. Some REITs are paying 11% in divideds....I may take my half a mil elsewhere.
What if I come from a Law Bachelor’s degree? With an LLM specialized in M&A, finance, and banking? Is it possible to get into IB? Also got the master in a “target school” (IE University in Spain) I really want to get into IB but didn’t have the knowledge to make the right decision at 16://
Can you explain what you mean by these virtual conferences and case studies??
What would you recommend for marketing majors. Im a senior about to complete my Business Administration degree in May and I have no marketing experience whatsoever. I currently work for chase but want to get into the JPMorgan corporate office in New York within the marketing field.
What advice do you have for someone entering the finance job market later in life? I am going to be graduating with a bachelors in corporate finance in May at 37 and all of my previous work experience is unrelated to banking. I want to start as an analyst and work my way up...should I even bother with big banks? Thanks
.
They care about transferable skills and how it aligns with their core values. They don’t expect you to have IB experience
What if ur university doesn’t have recruiters there?
Awesome video Ben , would be cool if you can make a video on how and what resources you used to prep for the behavioral and technical interview
current emp here. LOL. this is very informative. Nice!
Will it help if I already passed Series 79 despite having no experience working in a financial institution?
Hi, please can you send me the link of your RUclips membership because i could not see it. Thank you
Great video man.
Is there a way of getting an internship after being out of school for a while? I have a finance degree and have literally done nothing with it. My resume is full of retail jobs. I have been doing a valuation analyst program, DCF, 3-statement models etc. What can I do?
Just subscribed to your channel! Thanks for the content!
I have an interview with JP Morgan in a few hours, my current experience is McDonalds. They don’t expect you to have IB experience it’s your TRANSFERABLE SKILLS! And how it aligns with the company’s core values
@@maameoseiantwi7459 needed to hear this, thank you
Can you get into the logistics and push for “diversity and inclusion” by sacrificing better candidates solely to hit numbers for diversity. This was spoken of a lot by recruiters on the treasury side. Was it the same way in investment banking as it was in treasury services?
I had a networking call and they said that getting an interview is all through pymetrics and the hirevue now for JPM. They said networking doesn’t do much now. On WSO people said the same thing
i could see networking being less important now but will confirm in a future video. i do know at least for MBA recruiting networking is still important though maybe they don't use digital interviews as much
Your content is so useful. Thanks for sharing :-)
thank you!
Thank you 🍀 hoping one one day imma make a good career in finance and hopefully find a good work life balance too
I hate working for chase bank . If you complain about a manger to the boss or hr they take long to come back to you or they don’t do anything to the manager
love this video thank you so much! Super helpful keep it up:)
I know this is an old video but how useful is a referral for positions here?
GPA is one of the most misleading information. I am glad companies are looking at this less and less. Nice video!
especially when the reason for a lower gpa is a hard major!
@@rareliquid I usually don’t add it on my resume even tho is over 3.3 because for me it was very hard to get a 4.0 or perform the best when I had a full time job because I needed to take care of me and my mom. However, I was still there going to every class, so now that I work for a bank and I have a good career I never look at GPA (at all) when looking at a resume because there is millions of people that are super super talented, disciplined and dedicated that don’t have a good GPA either because of work, English as a second language, bad exam takers, etc.
What about an incomplete masters degree with higher gpa than complete bachelors degree with lower gpa? Have 18/30 credits done for the masters done a few years ago but always left it out of resume. Math degree in USA.
oh yeah, enterprise value...that's important
Thank you for sharing~
I’ve been working in banking for roughly 8 years. I work for private client at chase as a banker currently. Do you think transitioning into investment banking is a good? More specifically in acceptance.
I consider that it is going to depend on what are of the bank are you, if you are in the commercial retail, it's going to be difficult to enter. But if you are in the corporate finance area it will be useful. I started in the corporate area and the it had given me a wide panorama of the industries and how banks use to review the debt/investments. In that case going to IB for M&A and Debt restructuring was a good idea given the knowledge. But if you are in the commercial area for individual people loans, hmmmm I would try an MBA or something similar to enter to a nice boutique to later go directly to a big firm
You didn’t sign a NSA or NDO?
Accounting, equity value, enterprise value, SCFa, LBOs, accretion solution, financial modelling, valuations
Within the past week the channel picking up, Congrats! #consistency
Thank you Ayush!
Hi, Thank you for the video. Is cover letter for the internship recommended?
2 years later did you get anywhere lol i am in ur shoes
Hi. May I know if there's some cases who enter the banking industry in their late 20s or around 30 (age).
after MBA yes it happens all the time
Thanks for this helpful video! Cheers from France :)
thank you!
Hi! Is the course out?
thank you
Well, if working 100 hrs per week, the hourly rates are actually pretty bad.
that’s what all my IB friends say lol. same could be said for big law
yup it's more about the long term financial compensation not the first few years
that is why people are now quitting their jobs and starting their own businesses (ex youtube, e-commerce). The 8-5 life is pretty draining without a lot of compensation.
Are there investment banking conferences
this recruiting process sounds like hell for the candidates
Good Morning :)
time for me to apply! thanks for the help Ben
OMG! I'm also from BERKELEY! 😊 Can I invite you to have a coffee chat?
I've applied in India....and it's been month. Status showing to be "under consideration for an interview". Will I get an opportunity for interview and if I get how long will I have to wait. Need a clarity in this please
Why you left your job then?
Great content!
When you're talking about gpa, are the examples you've given for a 4.0 scale or a 4.3 scale? Thanks for this video!
Never heard of a 4.3 scale. I assume most recruiters are thinking out of 4. If anything put 3.7/4.0 or 3.7/4.3 if you’re worried!
Do u have expertise or experience in hedge fund or trading firms?
How do you guys work such long hours?
What cryptos would you say are a must-buy right now
I bought SOL and ETH recently if that helps
@@rareliquid Thanks, I have some ETH but will check Solana out. Keep uploading! :)
You should do some sort of collab with Bryan Jun! He's another finance youtuber.
perhaps haha thanks for the suggestion!
@@PÍnnedbyLALATE-t4z scam account not associated
Ben's channel is much more well done, with extreme attention to detail and on point execution.
When talking about GPA do you refere to college or highschool?
Hi Ben, I am from India, Does JP Morgan really recruit from applications through their career website?
yes we did receive a resume book from the application portal but it was for one of the later superdays and it's a bit of a black hole. every applicant does need to apply through there though
I genuinely believe that working 80-100hrs is a waste a life.
Hi man I’ll be a business analyst and found offers in IB, I Dont know how their condition is. I knew through other that you have bankers analysts and associates and that’s all. I didnt find people speaking about business intelligence or business analysts in IB or quant analysts.
you guys work 80-100 hours a week?! how is that work life balance
Here before 1M sub !
haha we’ll see but thank you victor!
i work at jp morgan, its not that hard to get in...
Best tip: be from UC Berkeley
How to apply for this role? I am a MBA finance fresher 2021 pass out. Can drop the link its really helpful. Thanks in advance
Hi Bro. What College Degree did you get to be Investment Banker. Did you get MBA or Masters in Finance?
You should do a video on IAG
When I got the actual fact about salaries was during the lockdown. Salaries don't make you rich. I went into trading just last year and I bought my first house in the beginning of this year. Then I realised I wasted a lot of time.
Congrats, I believe good investment pays once you are able to take the risk. Last year taught us a lot. Happy for you man.
That's Amazing, how profitable is your trading?
I trade stocks, it wasn't easy going when I started but through the right personnel I was able to build and grow. I earn thousands weekly trading.
I'm glad it's working for you congratulations 👏.
spam
Lol watching this on break at my chase bathroom
congrats on your channel growth!!!! 1 mil in a year may just happen lol
thank you! and we'll see haha
Lot of misleading spammers in comment section be careful.
yes please! I used to report all of them but now there are so many I don't have the time. RUclips really needs to do something about this
Next year will be my 14th year with JPMC. 😉
What do you mean by "apply to conferences" @ 21:00? Like, just apply to attend the conference and mention the fact that you attended it, which sessions you liked, etc.?
Can you please give some advice to undergraduate for big 3 consulting firm ???
So as a JP Morgan Recruiting Captain, what is your position level at that moment? VP or Director? If not , may I know what is it?
I would’ve loved to meet Jamie dimon!
Thank you for sharing, i wondering how about have low GPA, but you are CFA charterholder?
Most people who want to work in investment banking have no business being in that line of work. Look at all the extremely low returns high net worth clients received during the spring and summer of 2020
Simple retracement - 3 years of higher highs you’re bound to see people take it out
Hey Ben, if a Bulge Bracket IB has an "Upload Resume/CV" section, but has no mention of a cover letter, should I still attach my cover letter to that document? Or submit the cover letter later?
Any advise on getting a job as an internal auditor at JP? How is that different?
Wonder if you could just lie about your GPA? Like yeah it’s a 3.0 but what if I say a 3.4 are they really going to know?
employers may check your official transcript (they don't always though)
Hi very good video !
I am just asking when we could get the 20$ membership on patron ?
Is it full or we can pretend to be part of each starting months ?
Thanks
I want to try in CIB
Great Content. Subscribed. It would be kind of you, if you can make a video on how can someone who is not from a top tier college or B-school, break into investment banking.
Great content! Could you maybe do a video on books, websites or other ways of learning investing? Thank you and keep the videos coming :)
yup will do!
Hi bro,
Just want to ask that how much hours an associate work in JP MORGAN..
Does retail banking experience helps to get into IB and in good INVESMENT banking co.?
any finance experience would help but boutique investment banking experience is probably more attainable / best
Wow what a uselss content👏👏
Hahahaha Im from JPMC CIB. Keep it up, tho!
Are the recruiting process different from eachother?
Hey, nice video! Thank you for the tips, could make a video explaining how the recruting process was to foreigner candidates please?
I work at JPMorgan
13:15 I understand that bankers don't want to talk about work for their only 30 min to 1 hour break during their day, but how to sound natural when I ask non-work related questions? Like I can't just start off by Hi my name is John and nice to meet you. Do you watch any sports? LOL Thanks
Lol do you even socialize? Just go over and ask about what they're doing, like how's the coffee, where'd they get it, and then slowly move on to the topic of hobbies or coworker gossip, that's how I bond in every company I've been in
pretend they're your good friend
I have a 3.3 gpa a Junior and got called in for an interview 😊
what internship experience had you had prior to this?
Regarding qualifications, what do your think if the applicants had low gpa tha k requirements for bachelor degree but had higher gpa for master degree with some experience?
Once you pass the first filter ... It does not mean much your Gpa once you left bachelor's, all is about knowing your numerical skills, modelling and known of the industry (oil, retail, proj fin, etc). And having tons of knowledge of the network and industry as well .
@@gloriaesthefaniameza3039 thank you for your input !
@@gloriaesthefaniameza3039 do freshers get chance ?
Hey, you mentioned recruiters look for candidates that majored in business or econ, but you also added that math/cs is acceptable as well. How do recruiters feel about candidates that majored in humanities like english, philosophy, political science etc? Are these majors acceptable or is there a clear preference for business/econ and stem candidates.
As a Philosophy undergrad curious about this too
I would imagine it would be acceptable if you also had an advanced mathematical/cs knowledge to go with it. You would have to demonstrate some potential in economics and finance also to be considered.
humanities majors would be a pretty big uphill battle. don't think i remember anyone getting an offer with anything like an english major (I almost doubled in English at college so I would've been an advocate). You can make up for a non business major through strong finance experiences but at that point why wouldn't you just major or double major in a business / stem major?
Would you want a C- liberal Arts student like Joe Biden managing a Trillion dollars a week ?
You gave some great tips. Any advice for someone who has 2 years of work experience in accounting ?
Hey Ben, I would be highly grateful if you could throw some light of the off campus internship process and secrets. ;)
already made a video about that! ruclips.net/video/Pg7iMmylLZ8/видео.html
@@rareliquid thank you so much!! :)
@@rareliquid Hey Ben this is not off campus internship process....this is specifically related to UCB or on campus relations.....