The latest in our series on top universities for high-paying finance jobs focuses on J.P. Morgan, which says it receives north of 45 CVs for every job that it advertises. It helps, therefore, to study at the universities that JPM likes to hire from.
Perhaps the biggest takeaway from the research isn’t the order of the rankings (below), but how tightly bunched the schools were. There wasn’t a huge drop-off after the top five like the rankings for Goldman Sachs and the big three consulting firms. J.P. Morgan clearly has target schools, but it tends to cast a wider net than Goldman, McKinsey, Bain and Boston Consulting Group. As with our previous research, we looked at the total number of alumni from each school currently working at J.P. Morgan, courtesy of LinkedIn, combined with employment data from our own internal database that allows us to break down the percentage of graduates from each school who work in front-office roles at the bank. We also took into account total enrollment numbers from each university.
The top of the list isn’t all that surprising. As with the Goldman Sachs rankings, London School of Economics rose to the front of the line. NYU actually has a few more alumni working at J.P. Morgan, but not in the front-office. Harvard’s positioning at 7th was a bit of an eye-opener. Eleventh-ranked Cornell has one-third more alumni working at J.P. Morgan, but Harvard has a much higher percentage of graduates working in front-office positions like M&A and sales and trading. Harvard alums don't seem to be a big fan of the middle or back-office at JPM.
However, the big headliner is Manhattan’s Baruch College, which has been quietly feeding Wall Street for decades with its finance-heavy curriculum and its close proximity to Wall Street. More Baruch alumni currently work at J.P. Morgan than any other school, according to our research. Like Cornell, the city college only finished 5th on the list because a vast majority of their graduates work in middle and back-office roles. Baruch is best-known in banking circles for its top-ranked financial engineering program. So to is Carnegie Mellon, producer of a large number of quants and strats at the master’s degree level.
Meanwhile, J.P. Morgan isn’t near as popular among Princeton grads as is Goldman Sachs. University of California, Berkeley and University of Michigan send plenty of graduates to J.P. Morgan, though they are two of the largest schools in the rankings, so their placement percentage isn’t quite as high as those in the top 10. That said, there are plenty of alumni from each school roaming the halls at J.P. Morgan, which can obviously be a great help. As with Goldman, Oxford and Cambridge are the second and third biggest U.K. feeders to J.P. Morgan, behind the London School of Economics.
Click here to check out the rankings for Goldman Sachs for the sake of comparison.
Have a confidential story, tip, or comment you’d like to share? Contact: btuttle@efinancialcareers.com
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by actual human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t).
FAQs
eFinancialCareers, a trade publication, reports that the highest ranked schools on the J.P. Morgan list “isn't all that surprising,” with London School of Economics, New York University, Columbia University, and University of Pennsylvania occupying the first four spots.
What College does J.P. Morgan hire from the most? ›
The 15 Schools With The Most Grads At JPMorgan
- University of Phoenix (1,081 alumni)
- Baruch College, City University of New York (774 alumni)
- Franklin University (745 alumni)
- University of Delaware (660 alumni)
- New York University (619 alumni)
- Arizona State University (463 alumni)
- DePaul University (463 alumni)
The 15 Schools With The Most Alums At Morgan Stanley
- New York University (480 alumni)
- Rutgers University, New Brunswick (383 alumni)
- Columbia University (321 alumni)
- London School of Economics (300 alumni)
- University of Maryland, College Park (273 alumni)
- University of Pennsylvania (199 alumni)
Last year, JPMorgan said it had 50,000 applications for 400 jobs in its investment banking division, an acceptance rate of 0.8%. This year, JPMorgan says it had 270,855 applications for 4,604 internships globally, an acceptance rate of 1.7%. Click here to create a profile on eFinancialCareers.
What GPA does J.P. Morgan look for? ›
Q: What are your GPA requirements? A: We value diverse degree backgrounds and experiences and while a GPA 3.2 (or equivalent) in your undergraduate degree is preferred it is not required. Our training programs are designed to allow everyone, regardless of major studied to succeed.
What university does J.P. Morgan hire from? ›
University of California, Berkeley and University of Michigan send plenty of graduates to J.P. Morgan, though they are two of the largest schools in the rankings, so their placement percentage isn't quite as high as those in the top 10.
How to get hired by J.P. Morgan? ›
Make your resume stand out
Highlight your leadership roles and the ways you encouraged collaboration with team members. For students, relevant coursework, past internships and projects that demonstrate your skills are great to include. Brevity is important -- you'll have the chance to share more in an interview.
What GPA do you need for J.P. Morgan internship? ›
The general eligibility criteria for most JPMorgan internships are: Authorized to work in the U.S. Minimum preferred GPA of 3.2 on a 4.0 scale. Pursuing a bachelor's or 5th-year master's degree.
What university does Goldman Sachs hire the most from? ›
Top 25 Feeder School For Bulge Bracket Banks
| Goldman Sachs | Total by % |
|---|
| 1. Harvard University | 30 | 3.50% |
| 2. New York University NYU | 31 | 3.50% |
| 3. University of Pennsylvania | 28 | 3.30% |
| 4. Columbia University | 16 | 2.70% |
6 more rowsFeb 11, 2022
Currently, a GPA around 3.7 is often preferred for interviews at large banks, while elite boutiques and bulge bracket firms like Goldman Sachs and Morgan Stanley may look for a GPA of 3.8 or higher. The average GPA of successful candidates often hovers around 3.85.
Tip 4 : Morgan Stanley has a very high CGPA cutoff for on campus placement (for example: 9.1+), so if you are aiming to crack Morgan Stanley you must pay attention to your CGPA as well.
Does Morgan Stanley pay a lot? ›
The average Morgan Stanley hourly pay ranges from approximately $21 per hour (estimate) for a PWM to $274 per hour (estimate) for a Managing Director. Morgan Stanley employees rate the overall compensation and benefits package 3.6/5 stars.
How to pass J.P. Morgan interview? ›
Share relevant experiences and specific attributes like self-discipline, collaboration and attention to detail to show us why you'd be a great fit. Tailor your resume: Read the job description thoroughly and focus on the matching skills and experience you would bring to the new role.
How to pass the interview at J.P. Morgan? ›
Prepare questions for our team, so you can learn more about the opportunity and our firm. For virtual or phone interviews, test technology and connection prior to your interview to avoid any last-minute technical difficulties. And make sure you take the interview from a quiet, uninterrupted area.
Is J.P. Morgan interview easy? ›
J.P. Morgan Interviews FAQs
Glassdoor users rated their interview experience at J.P. Morgan as 65.1% positive with a difficulty rating score of 3.04 out of 5 (where 5 is the highest level of difficulty).
What are the top universities for getting a front office investment banking job? ›
NYU and University of College London round out the top five, while Imperial College and New York City's Baruch College each made the list. On the surface, the positioning of Harvard and Princeton come as a bit of a surprise.
Do you need a college degree to work at J.P. Morgan? ›
Some— JPMorgan included—did away with the need for a bachelor's degree when they realized that more than 60% of Americans don't have a college degree. A company spokesperson said that 80% of the bank's current roles for “experienced hires” don't require a college degree.
What is the salary of front end in J.P. Morgan? ›
JPMorgan Chase & Co. Senior Front end Developer salary in India ranges between ₹ ₹18 Lakhs to ₹ ₹25 Lakhs with an average annual salary of ₹ ₹22.4 Lakhs.
How competitive is it to get a job at J.P. Morgan? ›
It is very hard to get a job at JP Morgan.
JP Morgan is one of the world's largest and most prestigious banking firms, so the competition for roles is fierce. JP Morgan is also known for its rigorous, intensive, and selective hiring process.
