WHERE DO YOU BELONG? OUR INTERNSHIP PROGRAMS. This is where you need to be.

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1 WHERE DO YOU BELONG? OUR INTERNSHIP PROGRAMS Brochures, websites, people you know. There s only so much they can tell you about what it s really like to work at J.P. Morgan. Want to know the truth? Then find out for yourself. This is where you need to be. Time for some specifics. This is where you can read about our programs, business areas and your future. We hire into the Investment Bank and Asset Management. A lot of time, care and resources go into our global internship programs. To us, these represent nothing less than our long-term success. They re an opportunity for you to find out about us, and vice versa. It s also a chance for you to gain real work experience with a top leader in global finance. Our internship programs are worth much more than a line on your résumé. They introduce you to the people who ll become your friends, colleagues and mentors for the years to come. Many of our own leaders first started as interns. We ll expect you to take your internship seriously as we ll invest a lot of time and effort in you and the program. Through mentoring, orientation and training, you will be introduced to who we are and what we do. A program of real responsibilities will test your skills and character. And a range of social events will allow you to see what we re like out of the office. Those that make it into our summer program are as talented, ambitious and intelligent as those in the full-time program, so as an intern, you ll experience similar work, pressures and thrills. 50

2 OPPORTUNITIES FOR YOU: Opportunities for MBAs Prepare yourself for an extraordinary career with top-notch training, exposure to a wide range of our business capabilities and plenty of responsibility from the start. Our Summer Associate program offers you the opportunity to apply the skills and theories from business school to real world deals and projects. You ll have significant responsibility from day one and benefit from our world-class training and development programs. We fill most of our full-time Associate positions from our pool of Summer Associates in Investment Banking, Sales & Trading, and Research, and Private Banking. The Private Bank Summer Associate program is for first-year MBAs and has three rotations, each lasting three weeks. You will be exposed to different areas within the Private Bank, with the opportunity to work in one of our offices outside of New York. Opportunities for PhDs Whether you join us during a summer program or full-time, your skills will be tested in a fast-paced, real-life working environment. You ll work alongside some of the finest minds in investment banking with significant responsibilities and the chance to build your professional network with your peers and senior management. Opportunities for Undergraduates As a Summer Analyst, you will work with smart, energetic and expert J.P. Morgan professionals on real, challenging projects. You ll have the chance to discover first-hand what areas of our business best suit your talents and interests. We hire most of our full-time Analysts from the pool of Summer Analysts. The Investment Bank has Summer Analyst programs in Investment Banking, Sales & Trading, and Research for rising juniors and seniors. Asset Management has Summer Analyst programs in Private Banking, Investment Management and Private Client Services for rising seniors, as well as full-time Analyst roles for graduating seniors. The Investment Bank offers Summer Associate programs in Investment Banking, Sales & Trading, and Research and is for MBAs entering their second year in business school. We offer special programs in the Investment Bank for people with or working toward PhDs across Quantitative Research, Fixed Income Strategy and Proprietary Positioning Business. Want to know what you ll be doing? Read on to learn about the relevant business areas

3 INVESTMENT BANK J.P. Morgan is one of the world s leading investment banks with one of the most extensive client lists in the world. Our full platform enables us to develop some of the most complete and innovative financial solutions in the industry. We offer clients a full range of services, including strategic advice, capital raising, restructuring, risk management, market-making and research. We cover clients in more than 100 countries and have global leadership positions in our key products. J.P. Morgan also commits its own capital to proprietary investing and trading activities. Some of my best moments working here have been in my interactions with so many intelligent, diverse people everyone from senior managers and peers from my training program to clients. The details about where you can work within our Investment Bank are below: Investment Banking teams help companies solve problems and seize opportunities, by raising capital or shaping corporate strategy and structure. As the first point of contact for most clients, who include corporations, governments, private firms, financial institutions, non-profit organizations, entrepreneurs, and wealthy individuals, our professionals take the long view of each client s needs and assess the best ways for them to execute their strategy. Members of the deal team interact with the client s CEO and CFO, advising and drawing upon the entire spectrum of J.P. Morgan products. Our Investment Banking groups are organized to provide either product or industry expertise to our clients. You could join us in anything from Technology, Media & Telecom to our cross-industry M&A or Latin America teams. Sales & Trading teams create markets in virtually all major asset classes. Whether it s Credit, Rates, Equities, Emerging Markets, Currencies, or Commodities, we engineer innovative and sophisticated financial solutions to help clients manage risk, increase returns and solve complex financial problems. Globally, we hold leadership positions across the equity and fixed-income product spectrum and have major hubs in the Americas, Europe and Asia Pacific. The breadth of our global product platform is a powerful business generator. And because we custom-assemble expert teams according to client need, rather than department or product categories, our clients get better service and you ll enjoy a more challenging and interesting range of business issues. We take part in a steady stream of IPOs and secondary offerings, attract a constant flow of trading assignments and we re also a leading innovator in the derivatives markets. Courtney Cordes, Analyst, Investment Banking 54

4 Research teams play a critical role across our entire business and guarantee our commitment to strengthening our leadership positions. Working within the Research functions Equity, Credit, Corporate Quantitative Research, and Credit Portfolio Group you ll deliver up-to-the-minute investment ideas and thematic research to internal and external clients. As markets become steadily more complex, with increased cross-border and cross-asset class activity, a coordinated research platform has become critical. Our research analysts work alongside the sales force and traders to provide insights and analysis for corporate clients. Analysts usually specialize in a specific sector (anything from energy to retail), building their knowledge of the industry and working with management teams to probe deeper into their strategy and goals. The following business areas apply to those with or working toward a PhD. Quantitative Research is the expert modeling group of J.P. Morgan whose mission is to develop and maintain sophisticated mathematical models, cutting edge methodologies and infrastructure to value, hedge and measure the risk of financial transactions, including complex derivatives. Quantitative Research partners with traders, marketers and risk managers across all products and regions, making critical contributions to product innovation, effective risk management and appropriate financial and risk controls. Fixed Income Strategy professionals help internal and external clients find profitable investment strategies. On a day-to-day basis, our researchers follow the markets and identify ideas, themes and trading opportunities. Underlying this is a continual development process of new models, analytics and approaches to valuation of different assets. Proprietary Positioning Business is an internal risk-taking group at J.P. Morgan that identifies and capitalizes on opportunities across a broad range of asset classes. ASSET MANAGEMENT Working with senior research analysts to build innovative and intricate models in my first couple of months opened my eyes to the immense asset management opportunities here and the ability to tap into resources from all over the world. Tim Shannon, Analyst, Asset Management 55

5 J.P. Morgan is a global leader in asset management services, providing world-class investment and wealth management solutions to institutions, high net worth individuals and retail investors. This means we go beyond the balance sheet, and get to know our clients, making sure we understand the totality of their financial needs, business goals and personal interests. Our teams of analysts, associates, client advisors, portfolio managers, bankers, and investors all pull together to deliver the most innovative, comprehensive solutions to satisfy our clients needs. Our growth and success have paved the way for an exciting future, one that requires the brightest minds in the business. The details about where you can work within Asset Management are below: The Private Bank advises ultra high net worth individuals and their families to help them grow, manage and sustain their wealth. We leverage all aspects of our global financial firm with a platform that covers investments traditional and alternative, capital raising, strategic wealth advisory, banking, and specialty wealth management services, while taking the time to get to know our clients on a personal level. Each client enjoys unparalleled access to an integrated team of experts: bankers, investors, capital advisors, wealth advisors, and fiduciary officers. Our integrated teams work directly with clients throughout the day, explaining products and strategy as well as constructing portfolios. Our investment solutions teams monitor macro-economic development and craft the Private Bank s views of the markets. Our unique business model our deep client relationships, our platform depth and breadth, and our integrated team structure separates us from other private wealth management firms. Our Investment Management business manages money for individual and institutional clients around the world from retail investors to pension funds and insurance companies to university endowments and foundations. Our global reach and breadth of services Our Private Client Services business mean superior, client-focused portfolios. provides comprehensive wealth Our Investment Management management solutions for high net professionals act as trusted client worth clients in the US, helping them advisors, provide comprehensive preserve and grow their wealth. We analysis, develop trade flow, offer help shape our clients legacies and market insights, and build innovative enhance tax efficiencies through models. We provide expert advice and expert structuring and administration more than 210 investment strategies of trusts. Our tailored banking and for equity, multi-asset, fixed income, credit solutions mean we can provide currency, real estate, hedge funds, and flexible and customized solutions private equity assets. There are several for our clients through a team of investment groups in the US, London, local experts. Our investment teams, Hong Kong, Tokyo, China and elsewhere banking experts and wealth advisors offering equity management, fixed build relationships with clients, income management, private equity, offer customized financial solutions, hedge funds, and real estate. Our teams take part in modeling and valuation, of investment, research, quantitative, and work on tax provisions, and client marketing professionals work investments, estate planning, together to develop integrated and and insurance. personalized solutions for clients. Recruiting Process Fast Facts: Check with our online campus schedule at jpmorgan.com/careers or your campus career office for more information about presentations, résumé drop deadlines and our interview process We are open to students of diverse academic backgrounds Application dates vary by school check with your career center Summer internships start in June Full-time roles start between July and September 57 58

6 GO GLOBAL Most of our roles are based in the US, but we have offices and opportunities all over the world. Our Go Global website exists for you to learn more about the details and processes of applying to an international office. US Most of our US Investment Bank roles for undergraduates, MBAs and PhDs are based in New York. However, we do offer opportunities to work in Chicago, Dallas, Houston, Los Angeles, and San Francisco. Most Asset Management roles are also based in New York, including our New York-based Private Bank Latin American team. We also offer opportunities in Atlanta, Boston, Chicago, Columbus, Dallas, Denver, Houston, Indianapolis, Los Angeles, Miami, Palm Beach, Philadelphia, San Francisco, Scottsdale, and Washington, DC to name a few. Asia Pacific We offer internship and full-time opportunities in Asia if you are fluent in an Asian language (ideally Mandarin, Korean, Japanese, Bahasa Indonesian, Thai, or Vietnamese). Depending on the business area, you can join the following programs with undergraduate or advanced degrees in Hong Kong, Singapore, Tokyo, or Seoul: Investment Banking, Sales & Trading, Research, or Private Banking. Application deadlines for full-time positions are mid-september. Summer internship deadlines are at the end of November. Europe For undergraduates, MBAs and PhDs, we offer internship and full-time opportunities in Europe, with roles based mostly in London. For all roles, you must be fluent in English, and in some business areas, another European language is essential. Internships for undergraduates are offered in the fall, winter, spring, and summer, for 10 to 12 weeks. First-year MBA summer opportunities also last 10 to 12 weeks. In order to obtain a full-time position as an MBA Associate, you must first be accepted to the summer program, which could then lead to a permanent role. As an undergraduate, you can join the following programs: Investment Banking, Sales, Trading & Research, Asset Management, Risk, Technology, Finance, or Operations & Business Services. As an MBA or PhD student, opportunities are only available in certain business areas. For more information about deadlines and how to apply for roles in our Asia Pacific and European offices, visit jpmorgan.com/goglobal 60

7 START EARLY. GAIN EXPERIENCE. GET INVOLVED. We hire the majority of our full-time Analysts and Associates from our internship class, so it s worth carefully thinking about your summer internship early. Wherever you are in the world, making a wise decision about your career is easier to do when you participate in initiatives like those on the following pages. We ve specially designed these to give you direct access to us and ultimately help you with your decision. It doesn t matter where you are in your education, we ll have an initiative to suit you. 62

8 WINNING WOMEN If you know you ve got what it takes to be one of the industry s elite, then nothing should get in the way of the career you deserve. Our Winning Women leadership events are designed to help us meet the next generation of female business leaders. And for you to discover why working at an investment bank or in asset management and J.P. Morgan in particular could be a great career choice for you. Winning Women is a great opportunity to ask our senior women who were once in your position what it s really like to develop a career in this dynamic sector. You ll learn about our business and network with our exceptional colleagues. Take part in skill-building sessions, interactive presentations, job shadows, and workshops. Discover first-hand the exciting challenges you ll face and how a project team works together to make a deal happen. Application dates vary by school. Find out more on our website. The job shadowing was definitely my favorite part of the day. Sometimes we have a theoretical knowledge about a certain profession but unless we actually experience the job, we can t be sure it s the perfect match. After the Winning Women leadership event, I now know that Sales & Trading is for me. Winning Women participant, 2007 PROUD TO BE Every J.P. Morgan employee has the right to be him or herself. That s true for our Lesbian, Gay, Bisexual, and Transgender (LGBT) community as it is for anyone else. See what we mean at our Proud to Be event held at our New York City headquarters. Select LGBT students interested in Investment Banking, Sales & Trading, and Research can meet our business leaders face-to-face and learn more about what it s really like to work at J.P. Morgan. Find out more about the event and how to apply on our website. The Proud to Be event was a phenomenal way to get candid and honest insight from the panel of senior bankers who are all in the LGBT network. Not only was it a comfortable atmosphere but the day was really educational with networking, job shadowing and an exciting case study. It was unlike anything else I had experienced going through the recruiting process. Proud to Be attendee, 2007 jpmorgan.com/proudtobe jpmorgan.com/winningwomen 63 64

9 LAUNCHING LEADERS J.P. Morgan Launching Leaders does exactly what you might expect: promotes talent, jumpstarts careers and launches our next generation of leaders. Launching Leaders gives talented Black, Hispanic and Native American students across the US the chance to fulfill their ambitions and carve out an outstanding career with one of the world s leading innovators in banking and business. Launching Leaders is about recognizing and rewarding exceptional students people with unique experiences and diverse backgrounds. It is a fundamental part of strengthening our global business capabilities. The Launching Leaders Scholarships for Undergraduates and MBAs These scholarships are for top Black, Hispanic and Native American sophomores and first-year MBA students. Scholarship recipients are accepted into our prestigious Investment Bank Summer Analyst or Summer Associate programs and get awards of up to $10,000 for undergraduates and $40,000 for MBAs money which goes directly to you. THE LAUNCHING LEADERS EXPERIENCE This is a chance for top college freshmen to meet us and see first-hand what we do at the Investment Bank. We host a visit for select Black, Hispanic and Native American students at our New York offices where students can meet and job shadow some of our top bankers, traders, sales people, and research analysts, as well as participate in interactive and educational activities. Your expenses-paid visit won t just give you a taste for working in a premier investment bank it will inspire you to become one of our future leaders. What I like about J.P. Morgan is that they make that extra effort every step of the way and really take an interest in you. I had expressed an interest in Research, so I was placed next to a Research Analyst during the scholarship ceremony luncheon. This type of personal touch goes a long way. Thanks to the Launching Leaders program, it s my second summer interning with J.P. Morgan. Launching Leaders Scholarship Winner, 2007 jpmorgan.com/launchingleaders 65 66

10 GOOD VENTURE CASE COMPETITION This socially responsible global case competition is part of our Good Venture philanthropy program on campus. The competition offers you the opportunity to make a case for why the philanthropic non-profit organization of your choice should receive a $25,000 donation from J.P. Morgan. It s open to freshmen and sophomores for spring Join the competition and position yourself for a summer internship interview. We support Good Venture as part of our wider commitment to direct action in the community. More and more people are getting the importance of volunteering. We know this is happening because we see it and celebrate it in our own people. We give substantial amounts to philanthropic causes, but some of our most effective community initiatives are inspired and led by J.P. Morgan people who simply want to make a difference. It was really exciting to travel to New York and present to the panel of senior J.P. Morgan judges. Our team wasn t just a few students making a case we were actual representatives for a real non-profit. The competition was a tangible way to figure out exactly how the donation would be spent. And, it was a great way to interact with business people from J.P. Morgan and other students who were all so passionate about their causes. Good Venture finalist, 2007 THE J.P. MORGAN COMMUNITY Join the J.P. Morgan Community on Facebook. This community allows you to connect with current Analysts and Associates and members of the recruiting and training teams. Take advantage of our discussion boards and find out about events, latest news and ways to get involved with J.P. Morgan. The Community is a great resource. During the interview process, recruiters answered questions that a lot of us had on the discussion boards. Before I started, I was able to connect with my summer program class. It can be daunting to move to a new city and start a new job. I felt like this gave me a head start. Summer Analyst, 2008 jpmorgan.com/community jpmorgan.com/goodventure This is where you need to be

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13 The paper used in this brochure is from forests that are managed in an environmentally appropriate, socially beneficial and economically viable manner. We hope you enjoy reading and using this brochure. You can also view it on our website jpmorgan.com/careers When you ve finished with it please consider the environment and recycle it. WE TAKE OUR COMMITMENT TO THE ENVIRONMENT SERIOUSLY.