Sophie, the JPMorgan intern we shadowed for a day.

 

梦里江河的话：

J.P. Morgan （摩根大通银行）和其他国际顶尖投资银行一样，每年都会招收上百名大学生在其位于纽约、伦敦或香港的办公室进行为期十周的暑期实习，并从中进一步考察挑选合适的人才。昨天（8月21日），J.P. Morgan 香港办公室结束了2015年的暑期实习，并向部分实习生提供了正式聘用合同（Return Offer） 。

这里转载的是著名网站 Business Insider 记者 Mike Bird  于前天对来自剑桥大学经济学专业的 Sophie 在 J.P. Morgan 伦敦办公室全球股票销售部门实习的一天跟踪报道，其中也顺带讲到了一些投行基本情况。

 

 

This is what a day in the life of a JPMorgan intern is like

Business Insider, Mike Bird   Aug. 20, 2015, 12:09 PM    2,422,531 

 

Every major investment bank offers an internship program — it's an opportunity for students to test out the profession and for the firm to scout future employees.

 

We got the opportunity to follow Sophie, a University of Cambridge economics student, as she went through a day of her 10-week summer analyst internship.

 

She's one of hundreds of interns working at the investment bank during the university holidays, who are essentially following the same program, whether they're in London, Hong Kong or New York.

 

If previous years are anything to go by, a majority of the summer intake will be offered positions at JPMorgan for when they finish studying, becoming high-flying and highly paid investment bankers.

 

This is how Sophie's day went.

It's an early start. Sophie has to be at her desk at 6:30 a.m., in London's Canary Wharf.

 

 

JPMorgan's London headquarters is this 31-story tower on Bank Street. The bank bought the tower in 2010 — it had previously belonged to Lehman Brothers.

 

 

Sophie, the intern we're following, works in global equity sales. She's there for 10 weeks this summer, having completed other internship periods at the bank already. The desk essentially sells shares from around the world to largely UK-based clients.

 

 

This is the setup at Sophie's desk, with one of the thousands of Bloomberg terminals in the building.

 

 

Interns come to the program from a few different avenues, but for most there's a battery of numerical tests, assessment days, and interviews before they get anywhere near the job.

 

 

The equities sales desk's members were largely all there before we arrived at 6:30 a.m. The first job for Sophie is to bring together content for a morning email to about 1,000 clients.

 

 

For regulatory reasons, that email isn't sent directly by interns, and all correspondence goes to a permanent analyst on the desk first.

 

 

At 7 a.m. analysts brief salespeople in the European equities morning meeting, before markets open. 

 

 

 
There are analysts in the room presenting and calling in from other cities around the world to give briefings.

 

 

Once each individual presentation is done, there's a round of quick-fire questions from the floor.

 

 

It's an extremely international office.

 

And people are able to customize their desks as they see fit — like this chair, for example.

 

Sophie worked on a corner of the colossal equities floor. One story up, the fixed income floor is similarly enormous, and that's still just a small chunk of the bank's London operation.

 

Even looking out east, away from London, there are some pretty brilliant views from the higher floors of the building.

 

The morning email goes out at 8 a.m. For the rest of the day, Sophie has meetings with other JPMorgan analysts and clients.

 

As markets open in Europe, the whole equities floor gets a little louder. By 8:30 or 9 a.m, it feels like a lot later in the day than it actually is.

 

After the email's sent, there's a smaller analyst meeting with the immediate members of Sophie's team.

 

 

The JPMorgan canteen is pretty sizable with a big range of food, including a sushi station.

 

 

 

 

It's busy, and there's no shortage of places to refuel within the building itself. When we went it was Taco Tuesday, which is apparently popular.

 

 

This Starbucks is just 'round the corner from the canteen, and gets absolutely rammed later in the day.
 

 

Later in the day, we sat down with Tim, vice president in global cash equity sales — and Sophie's boss — who went through some of the details of the internship program with us.

 

Most of the interns on the program are hired by the bank to work permanently. He says, "We have an incentive to train them as completely as possible, so there's essentially no difference between an intern at the end of their time here and a first-year analyst."

 

The actual desks get a hand in the recruitment of their interns, too, and there are opportunities to move around JPMorgan if they find another part of the firm they think they'd be interested in.

 

 

One of the misconceptions about the interns is that you have to have a financial education. Tim told us, "Of course, some people will start out with an academic advantage over others, but within three or four weeks that gap gets closed pretty dramatically."

Sophie said the most surprising thing about the internship was how much responsibility they took on. Though regulatory requirements mean they can't advise clients directly, they draft reports for clients and attend meetings with them.

 

 

Tim said the ability to self-start was crucial for successful interns: "At university, you have this very structured life with particular weekly obligations. Once you start working, you can't spell out exactly what you'll do from Monday to Friday."

 

 

 

Interns in Hong Kong, London, and New York all follow essentially the same internship program, and those who become first-year analysts will meet for several weeks of training in the US.

 

 

Among the other perks of the job is a well-stocked sweet shop by the canteen.

 

Alongside the sweets and chocolate is a Krispy Kreme station, making it a little surprising that there aren't more enormous bankers wandering around the halls.

 

Thankfully, there's also a gym — we couldn't take pictures inside, but it's well-stocked. Between the coffee shops, newsagents, gym, and canteen, it feels like there's enough amenities for a small town.

 

If you're at JPMorgan and you want to do hot yoga with your colleagues, this is the place to be.

 

 

A lot of the interns and staff carried these coveted and symbolic gym bags into work — they're given to employees at JPMorgan and they feel like an optional part of the uniform for young investment bankers.

 

 

Later in the day, Sophie was tasked with giving a presentation on a large European stock to a room of analysts and other interns — it's a 10-to-15-minute presentation that mimics what analysts are required to do when they're with clients.

 

The analysts then offer probing questions — it's a friendly but rigorous process that's clearly meant to push the interns in the way that it would when it's done for real.

 

Afterwards, a quick trip to a different coffee shop — though most of them are around the canteen, there's one just off the edge of each trading floor, too.

 

 

At the end of the day, there's an address from one of the most senior staff members at the bank to all the interns, held in JPMorgan's London auditorium.

 

 

JPMorgan won't disclose how much the interns are paid, but they're effectively being trialled for first-year analyst jobs reportedly paying around $85,000 (£54,200) before bonuses.

源地址：http://www.businessinsider.com/day-in-the-life-of-a-jp-morgan-intern-2015-8

 

 

 

 

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