图文跟踪:投行暑期实习生的一天是怎样度过的
2015-08-22 15:11阅读:

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 lif
e 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