What It Does: JP Morgan offers financial services in investment and commercial banking, business advice, asset management, and more.
Mission: JP Morgan’s mission is to become a respected financial service firm, serving corporations and individuals globally.
Size and Presence: JP Morgan operates in four locations throughout Canada, employing around 450 employees.
Best Known For: JP Morgan is popular as one of the oldest, largest, and most prominent financial institutions. Its far-reaching history means it has a wide network of partners and a solid global connection.
The good bits: JP Morgan is a perfect landing ground for graduates and interns looking to get into the finance space. They offer stable growth opportunities, collaborations, and a lookout for every employee.
The not-so-good bits: Employees at the firm may have to cope with micromanagement at certain levels. They are highly attentive to details and try to make everything perfect at all times.
JP Morgan’s history of innovation and strategic growth in Canada runs as far back as 1799. Their entrance into Canada started from substantial investments in Canadian railroads in the 1800s.
This investment came at the back of David Rockefeller, Chase Manhattan Bank Chairman's keen interest in exploring Canadian opportunities.
JP Morgan’s first offices in Canada were in Toronto in 1965 and then in 1981. Since then, the firm has expanded to locations in Calgary, Vancouver, and Montreal.
Today, JP Morgan has over 400 employees in Canada. Globally, they continue to explore strategic growth opportunities, continuing their track record of building on solid business partnerships.
JP Morgan’s culture is centred on respect. They believe that respect in their diverse workforce ensures that everyone is held accountable and trusted in every way. Their culture of respect flows towards every facet of the firm, making it an inclusive space, accessible to employees, partners, and customers.
JP Morgan believes that growth and success are measured by how accommodative they make employees feel. They are keen to see employees grow and are always available to help employees grow throughout their lifecycle in the firm.
Despite its far-reaching clientele network, life at JP Morgan is friendly and soothing. They balance their competitive work outlook with support for every employee.
JP Morgan’s reputation lies partly on how well its workforce performs. They rely on an efficient recruitment process to select their model graduates and interns.
JP Morgan had a five-step recruitment process. These processes include ;
Opportunity search - JP Morgan’s website contains a plethora of opportunities for graduates and interns. Applicants are required to frequent the website and identify roles they are perfectly suited for
Application - At this stage, graduates and internship applicants are required to submit tailored applications. JP Morgan receives thousands of applications so each application must stand out
Interview Preparation - On this occasion, graduate and internship applicants are required to highlight their skill set and how it applies to the organization. JP Morgan’s recruitment process is quite rigorous and involves a series of tests
Shortlisting and decision - Shortlisted candidates are identified and a hiring decision is made
Onboarding - Selected graduates and interns are onboarded with the company’s best practices
JP Morgan’s recruitment process is quite lengthy but is definitely worth the while. It reflects the values the company holds dearly and its approach to work.
At JP Morgan CA, graduates and interns can build the career they want. They offer access to a plethora of learning and development opportunities for over 35 business programs.
At JP Morgan, there are over 20 analyst and associate program tracks for students. These programs are designed to help graduates and interns streamline their development towards specific career goals.
Early insight programs at JP Morgan help educate students about the flexibility of their careers in internships and full-time opportunities.
Credit Risk Analysts at JP Morgan earn around CA$ 55,685 per year and Marketing employees are paid CA$ 76,995 annually. Customer Service Specialists at JP Morgan earn around CA$ 47,000 per year and Credit Analysts are paid CA$ 36,437 annually.
JP Morgan’s mission to be a respected financial institution extends to its commitment to environmental impact. Investment packages and philanthropic commitments help JP Morgan make uplifting investments. They invest in areas of environmental sustainability, entrepreneurship, and health initiatives.
Despite their solid foundational structure, JP Morgan also has some dirt in its past. Two of JP Morgan’s predecessor banks were involved in aspects of the slave trade, receiving slaves as collateral. JP Morgan publicly apologized for its contribution to inhumane acts and paid $5 million in reparations scholarships in 2005.