J.P. Morgan Summer Analyst Internship
Everything you need to know about the J.P. Morgan summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.
Last updated April 2026 · By the Superday AI editorial team
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$2,115/week
10 weeks
~70-80%
Overview
J.P. Morgan runs the largest summer analyst program on Wall Street, hosting 400-500 interns globally over 10 weeks with a roughly 70-80% full-time conversion rate.
Key facts
- J.P. Morgan summer analysts earn $2,115 per week, about $110,000 annualized, over the 10-week program.
- Interns receive a $5,000 housing stipend plus relocation assistance of up to $2,000 for domestic moves.
- The Investment Banking Summer Analyst program converts roughly 70-80% of interns to full-time offers.
- J.P. Morgan hosts 400-500 interns globally, the largest summer analyst program on Wall Street.
- Return offers are extended in the last week of the program, sometimes earlier for top performers.
Pay and Conversion
The Investment Banking Summer Analyst program runs 10 weeks from June to August. Interns earn $2,115 per week, about $110,000 annualized, plus a $5,000 housing stipend and relocation assistance of up to $2,000 for domestic moves. Roughly 70-80% of interns convert to full-time offers, with return offers extended in the last week of the program and sometimes earlier for top performers.
The Experience
At 400-500 interns globally, this is the largest such program on Wall Street, which creates a structured experience with a dedicated training curriculum but also means interns work harder to stand out among a larger peer group. Training covers financial modeling, valuation, and the firm's proprietary tools, with an emphasis on JPM's integrated platform. Interns are staffed on real transactions and contribute to pitch books, models, and client deliverables. The firm's deal flow means most interns get exposure to at least 2-3 meaningful projects, often spanning M&A advisory and capital markets execution. A formal mid-summer review provides actionable feedback.
Networking Breadth
What distinguishes the JPM internship is the breadth of networking. Interns have access to professionals across commercial banking, markets, and asset management in addition to investment banking. This exposure to the full platform is a genuine advantage for candidates still exploring which area of finance best fits their interests.
Recruiting Timeline
The recruiting timeline begins with applications opening in July to September the prior year. First rounds and Superdays stretch through early spring.
Internship Compensation
Weekly Pay
$2,115
Annualized Salary
$110,000
Housing Stipend
$5,000
Relocation
Up to $2,000 for domestic moves
Meals: Cafeteria access and meal allowance for late work
Transport: Car service and transportation reimbursement
Recruiting Timeline
Applications Open
July-September (year before)
HireVue Deadline
September
First Round Interviews
September-November
Superdays
October-February
Offers Extended
November-March
Application Tips
- Emphasize JPMorgan's market leadership and deal volume in your application
- Prepare for case studies and technical modeling tests during superdays
- Demonstrate cultural fit with the firm's collaborative, team-oriented values
- Research recent transactions in your target group and be ready to discuss
What to Expect
JPMorgan's summer analyst program is the largest on the Street, hosting 400+ interns globally. The first week includes intensive training on financial modeling, valuation, and PowerPoint, followed by placement with deal teams. Interns work on live transactions and pitch materials, often contributing to client presentations. The program emphasizes learning through doing, with analysts and associates providing hands-on mentorship. Mid-summer reviews provide feedback on performance, and return offers are determined based on technical skills, work ethic, and culture fit. Social events and networking opportunities are frequent, allowing interns to build relationships across the firm. The sheer scale of JPM's platform provides exposure to diverse deal types and industry groups.
Intern Perks
- Senior banker speaker series
- Community service days
- Firmwide networking events across divisions
Frequently Asked Questions
How much do J.P. Morgan summer analysts make?
J.P. Morgan summer analysts earn $2,115 per week, which annualizes to approximately $110,000. The program typically runs for 10 weeks.
What is the J.P. Morgan intern conversion rate?
The conversion rate for J.P. Morgan summer analysts to full-time offers is approximately ~70-80%. Last week of program, sometimes earlier for top performers.
When should I apply to J.P. Morgan?
Applications for the J.P. Morgan Investment Banking Summer Analyst typically open July-September (year before). First round interviews are held September-November, with Superdays October-February.
More J.P. Morgan Resources
Sources
- JPMorgan Chase - Investment Banking Summer Analyst Program. JPMorgan Chase (accessed 2026-05-14)
- Internship & Co-op Survey. National Association of Colleges and Employers (NACE) (accessed 2026-05-14)