J.P. Morgan Summer Analyst Internship

J.P. Morgan's Summer Analyst Program is the largest on Wall Street, hosting 400-500 interns globally for a 10-week immersion that runs from June to August. Interns earn $2,115 per week ($110K annualized) with housing stipends and relocation assistance comparable to Goldman and Morgan Stanley. The sheer scale of the program creates a structured, well-oiled experience with a dedicated training curriculum, but it also means interns must work harder to stand out among a larger peer group. Training covers financial modeling, valuation, and the firm's proprietary tools, with a distinctive emphasis on JPM's integrated platform. Interns are staffed on real transactions and expected to contribute to pitch books, models, and client deliverables. The firm's enormous deal flow means most interns get exposure to at least 2-3 meaningful projects, often spanning M&A advisory and capital markets execution. J.P. Morgan's conversion rate is approximately 75-85%, and the evaluation process includes a formal mid-summer review that provides actionable feedback. The firm's recruiting timeline begins with applications opening in July-September the prior year, with first rounds and Superdays stretching through early spring. 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 IB. This exposure to the full platform is a genuine advantage for candidates still exploring which area of finance best fits their interests.