Most Asked JP Morgan interview Questions and Answers

JP Morgan interview Questions and Answers::- In this article, we will look at the top five most common questions that JP Morgan asked in their interviews. And I’m gonna support you in planning really great answers. They’re gonna help you get a job with JPMorgan.

Let’s start with a question the GP Morgan asks virtually everyone they ever interview .And it’s an areally important question.

JP Morgan interview Questions and Answers

Top Five JP Morgan interview Questions and Answers

1.Why JPMorgan? Or Why do you actually want to work here?

This is the most important question to have really clear detailed planning you want to write a couple of paragraphs and memorize it. Know more in detail the top five JP Morgan interview Questions and Answers.

So you’ve got a great go-to answer without a compelling answer to this question. You are very unlikely to be successful. So start with some key ideas that you need to get in your answer.

So you have to think about the things that make JPMorgan stand out. If you compare JPMorgan to other big investment banks.

What is so special about JPMorgan that makes you particularly interested in this firm. I’ll give you some inspiration in a minute. Things like the stability and leadership of their success in the financial crisis.

And the irFinTech operations you can talk about all sorts of things like that. You have to make sure that you link your reason for wanting to work at JPMorgan to the specific function.

So if you’re applying for trading you’re gonna have different reasons. And if you’re applying for technology or operations so you’ll be very clear on why you want to work in your specific function.

Once you’ve explained why JPMorgan stands out? The links that very strongly to your interest talk about what you’ve done at university and talk about the experiences.

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That you’ve had in placements for example and how JPMorgan fits nicely with your personal interests and research. The current training that is offered to JPMorgan staff.

So look on Linkedin and find out what qualifications new hires are picking up at the firm. And talk about your interests and pursuing those and how JPMorgan supports people in doing those.

The most important thing for this question is to really show a lot of enthusiasm. They want to employ people who are enthusiastic about the company.

Rather than someone who is somewhat indifferent about the firm.Some ideas you can mention you can talk about it being a universal bank.

Their opportunities to move across lots of business areas. They’ve got a very strong retail operation with the acquisition of Chase.

So the thing that’s quite unique about JP Morgan compared to the other investment banks is they really do have a very strong retail banking sector.

Why JPMorgan? Or Why do you actually want to work here?

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You’ve also got the stability they are a big fin-tech innovator. They’ve really embraced a lot of fintech and invest very heavily in technology.

They’ve had historically more stability of leadership. They survived the financial crisis we better than most other firms. Some things that you definitely do not want to mention is living locally.

They don’t care, they would expect people to reasonably be happy at relocating. Living near their offices is just something you don’t bring up.

Great starting point any idea that you know you want to work for JPMorgan.Then move to a hedge fund and do a better you have a better job, a bigger salary.

That is something you absolutely don’t mention do not talk about salaries and Investment Banking. That you’re attracted because of the high salaries.

That goes down extremely badly and really you don’t want to be talking about anything that is not of interest to JPMorgan. Absolutely focus your answer on things that add value to the firm.

If you plan out your answer using this structure you’re gonna be very successful in this question and score highly.

2. Strengths And Weaknesses

Let’s go on and look at the next question.JP Morgan is definitely gonna ask about your strengths and weaknesses. So the way that you structure your answer is for a strength you have to start with genuine strengths.

Most asked 2nd JP Morgan interview Questions and Answers.

Then you have to supply some evidence of your strengths. That could be a qualification or a reference.

You have to make sure that your strengths are very highly relevant to JPMorgan.Particularly the business area that you’re applying to.

For example, if you’re applying in technology you want to show some strength in coding. For example and some proficiency in the coding languages that are commonly used at JP Morgan.

Which I would expect to be Python and perhaps I would be the dominant language. I’ve given you an example there.

Having completed the level 1 CFA I have substantially strengthened my financial knowledge. And you start talking about what you’ve all achieved in that and how that’s going to help JP Morgan’s business.

 Strengths And Weaknesses

You must link your strengths to the business and explain exactly how that ties in. I would recommend you really wrack your brains and find three examples of the strength.

Because they might ask for a second one and you want to be able to come up with a second one you know what to be caught out by that.

If we look now at the weaknesses. So you have to make sure that you pick something that is an actual weakness. I hate being such a perfectionist that is not a weakness.

Being a perfectionist you can sort of argue that it’s a little bit of a weakness but it’s not a particularly compelling weakness. It shows an inability to be reflective. You then have to talk about what you’re doing about your weakness.

It’s not a good idea to just talk endlessly about how your weakness is such a big problem. You want to briefly mention the weakness and spend more of the time talking about what you’re doing about the weakness.

Then the weakness itself but the single most important thing for weakness. You have to make sure it is something that JP Morgan just doesn’t care about.

If you’re applying for technology and talking about being bad at coding that would be a disaster. Or if you’reapplying to a bank and you say you’re terrible at managing money well that just completely incompetent.

So make sure that your weakness has very little to do with the job role you’re applying for. So some inspiration you can talk about having not a great work-life balance at university.

But then talk about how you’re gonna improve that. Working smarter for example when you’re at the firm spelling is one that you can get away because everything’s wordprocessed and computerized.

So you talk about how you’re very careful. It’s spell-checking you have all sorts of spell-checking software and that you’re doing say an online course and practicing it delegation is a good one to use if you’re applying for a very early stage.

If you’re applying for a graduate position, for example, you wouldn’t necessarily be expected to do many delegations at the beginning. And over time you can develop that skill and one that is very very common is only speaking one language.

Because it’s very easy to talk about what you’re gonna do about it you’re gonna do an online course, for example,.You’re going to take advantage of opportunities at the firm to develop a second language.

The thing about using a second language as your weaknesses. Often particularly in the United States in the United Kingdom, most people don’t have a second language. It’s not a massive negative compared to other applicants. That’s a good one to use.

3. What do you know about JP Morgan?

You should absolutely not be applying to any job ever without having an extremely high level of knowledge. You want to start by knowing all of the obvious things.

You should know the JP Morgan is an investment bank, you should know what an investment bank is, you should know some basics facts about it. Then you want to move one step out to ensure that you’ve done some research.

What do you know about JP Morgan?

So you’re gonna know the name of the chief executive, you’re gonna know what the profits are, you’re gonna know the basic business area.

It’s a universal bank it’s got prime brokerage it’s got hedge funds internally. You know the office locations, you know their business and say credit derivatives.

You also want to focus your research on knowing the area that you’reapplying for inside out. All of the products all the services that they offer and then doing a good general amount about the firm.

Overall then you want to start moving into the extensive and the exceptional. So definitely know the history of the bank, know about their acquisitions, your Chemical Bank Chase Manhattan Bank. Things like that you need to know about you can go all the Wayback to John Pierpoint Morgan.

Who really the inspiration and the major leadership behind the early firm that catapulted the firm into its global position. You should know some numbers like what is the assets under management of the whole firm.

What assets does the firm have, what’s their track record, their profit. My number one tip is absolutely to make sure you read the annual report. So look up JP Morgan’s Form 0-10k and make sure you read that.

4. What was your biggest failure?

All right, next question what was your biggest failure? This is a question that is really great because they want to see people that have experienced failure and have actually achieved something from that failure.

When you’re picking out your example it has to be an actual failure. It has to be something that went wrong that was not good. Ideally, you want the failure to be as little to do with what you did and ideally caused more by externalities.

But you’re not making too many excuses for that. You have to make sure that the failure wasn’t due to incompetence. Like if you describe an example where you did something spectacularly dangerous or stupid.

What was your biggest failure?

That’s gonna come across really negative. Then the most important thing is you want to have some element of recovery. So you failed you learned from it and then you did it again or you did something very similar and it was a success.

You have to show that you grew from that experience. Some things that you definitely need to get in is you need to show some growth and reflection and some resilience.

If you can do that suggests that you’re gonna be a good fit for JPMorgan.They want people who are reflective that grow and get better because of failure and are resilient. That they don’t just give up because they failed.

If you get those three ideas in and make sure you hit those two ideas on the right. Then you’re gonna be really successful in this question.

5. Problem Solving – How would weather affect markets?

Let’s move on to question five. They will ask some sort of problem-solving question. For example, they could ask how would weather affect financial markets?

Most asked fifth JP Morgan interview Questions and Answers.

There’ll be some sort of problem-solving question. There is a really clever way of thinking about this and it comes from Howard Marks the chairman of Oaktree Capital Management.

Who talks about first-level thinking and second-level thinking. To be successful in these problem-solving questions you have to demonstrate some second-level thinking. I’m gonna use the weather affecting markets.

As an example, first-level thinking would be something like this: I would expect domestic agricultural stocks to perform poorly due to lower farm output .and cuts to Farmer Capex you to reduce cash flow.

Problem Solving - How would weather affect markets?

That sounds like a good answer. As the way, there is bad so the farms are gonna make less money. Well, maybe not, in reality, financial markets are way more complicated than you think.

Second-level thinking answer might be something like the relationship between markets and weather. Here is a complex because it is right. For example, the movement of Agriculture of stock shooter weather is a result of the difference between consensus expectations and whether reality.

What could actually happen?

Is that if people thought the weather was going to be absolutely awful and the field gonna be absolutely terrible. The stocks would have gone down substantially in anticipation of that.

But if the weather turned out to be better than people expected even though the weather was terrible and yields were down. It wasn’t down as much as people thought.

So actually the stocks went up. Then you’ve got other complexities like hedging arrangements or some agricultural stocks. May have actually sold almost all of their products at high prices that were unaffected by the weather.

They’re gonna not really be bothered by this so much. They might have hedged their production with futures contracts and all sorts of other derivatives.

Off takes agreements and all sorts of complex things that can affect this calculation. So you want to sure that you’re considering lots and lots of different factors and you’re not giving simplistic answers.

The key to success on any problem-solving question is trying to demonstrate some second-level thinking.

Bonus

Before we finish I want to share with you a bonus of some great questions. That you can ask your interviewer. Absolutely make sure you ask about the next steps in the hiring process.

That you’re interested in feedback regardless of the outcome but just wanting feedback is a real positive you can ask about what the traits of highly effective JP Morgan employees are.

Then in a subtle way you can suggest how you match up to those you can get into a conversation about it. A good thing to ask is why did you choose JP Morgan?

Listen to their answer and basically join in by agreeing with them and matching that to your interests and joining it. Ask what you can do between now and starting what should you research, what should you read ask for advice on how it be super prepared.

And lastly, make sure you ask one question that is made up on the spot on the day. Let me know in comment section how was the JP Morgan interview Questions and Answers article.

Have A Good Day.

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