j.p. morgan

Introduction:

J.P. Morgan is one of the oldest and most prestigious commercial banks in the world. For more than a century the firm has been one of the strongest and best-rated banks; offering the corporations and individuals an array of commercial banking services. But since late 1980s easing of US banking regulation, the bank has tried to reinvent itself by making a transition from traditional commercial banking to investment banking but it is finding the competition fierce. The bank now offers a wide variety of commercial banking and investment services, including investment banking; brokerage services; asset management for institutions, corporations, and the wealthy; and proprietary investing, including direct equity investments in companies. The company has a strong global presence, with more than half of sales originating from outside the US.

Major line of Business:

Investment banking, Financial services

Select Products and Services:

Fixed Income, Forex and Equity: institutional sales, trading, and research; asset management; private equity investment management; proprietary investing and trading, Finance and advisory services.

Key Differentiating Factors:

· Emphasis on formal and ethical culture and teamwork.
· Strong in fixed income, FX and risk management.
· Trendsetter in combining commercial banking and investment banking activities.

Financial Statistics:

#76 in FORTUNE 500
1998 Sales: $18,425 million
1-Yr. Sales Growth: 4.1%
1998 Net Inc.: $963 million
1-Yr. Net Inc. Growth: (34.3%)

Personnel Highlights:

1998 Employees: 15,674
1-Yr. Employee Growth: (7.5%)

Opportunities:

Opportunities for MBAs exist in Investment Banking, fixed income (sales, trading and research), FX, corporate finance. MBAs enter as associates.

Contact:

www.jpmorgan.com
http://careers.jpmorgan.com/jpm/mbarecruit.nsf/site/gateway.htm