JP Morgan interview Flashcards

JP Morgan interview Flashcards Talk me through a time you were working in a team and someone wasn't pulling their weight -Member not pulling their weight-Privately confronted her and senses she was making an excuse-Suggested we do the project together-Noticed she was struggling-Got her help and problem was fixed-From this experience, I learned that frequent communication in a difficult situation is critically important. I also learned the importance of helping out a colleague when they are struggling in order to achieve the objective of a team.What trend(s) do you find interesting in the financial markets?-An interesting trend in the financial markets and among asset managers has been the use of AI in managing investments.-AI uses quantitative, computer-driven analysis to to help or even replace humans in developing portfolios.-The use of AI has been rapidly expanding and could be seen being used at firms such as Blackrock. This raises the question that if everyone is using AI, does it evaporate its benefits?-It will be very interesting to see how firm's will use AI to differentiate themselves and outperform their competitors What unique experience could you bring to our team?/What makes you a good fit for this role?-I would bring several very relevant and unique experiences to the Wealth Management business at JP

Morgan:-I have a strong interest in financial markets and

economic trends, and further have exposure through summer internships to several areas relevant to wealth

management, including: i) trading; ii) investment; iii)

finance; and iv) commercial real estate. During these summer internships, I've learned how to work in a fast-paced, pressure-filled environment.- I also have demonstrated leadership qualities. As mentioned earlier, I was voted one of [5] members of my fraternity's Executive Committee. I know how to work in a collaborative manner towards a common objective.-Lastly, through my internships and other leadership activities such as being social chairman of my fratenrity, I have the communication skills and interpersonal skills that are necessary to not just operate in the Wealth Management division, but also to grow the business over time. I am very comfortable interacting with clients and co-workers.- Why JP Morgan?-There are many factors that attract me to JP Morgan.-I want to be a part of one of the leading, global financial services firm with an outstanding reputation both in the U.S. and around the world.-JP Morgan strong "brand" and

reputation makes it a firm I want to be a part of.-The second factor to me is the people-I know that JP Morgan attracts outstanding, smart, talented and hardworking people. I've seen this first hand based on the people I know who went to work at JP Morgan. JP Morgan hires people who are diverse and global which are to traits necessary for success. At the end of the day, a financial services firm is only as good as its people so this factor is really important.-Next I would say is the culture. I realize that JP Morgan is the product and mix of several different firms, all of which had their own unique cultures, but it seems that Jamie Dimon and the senior leaders of JP Morgan have created a unified theme. One of these themes is corporate responsibility which is important to millennials-Lastly, I've heard that JP Morgan has ample training opportunities and is a fantastic place to grow a long-term career. .What are your biggest strengths?-Interpersonal and communication skills.-allow me to work well with clients, colleagues and senior executives.-My past experiences such as being social chair of my fraternity and

being an intern have taught me how to properly communicate in a professional environment, how to understand and resolve disagreements, and how to create and maintain relationships.What efforts do you make to stay on top of the markets on a regular basis?

• I Twitter soley focused solely on providing updates on

what's happening in world financial markets and current

world events. I follow Business Intelligence, Finance Insider, Seeking Alpha and Bloomberg.-I read the Wall Street Journal which keeps me informed on areas such as healthcare policys and changes in banking regulations.-I am a member of the University of Miami Stock Investing Club where we constantly discuss how current events affect stocks and the financial markets