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J.P. Morgan Summer Analyst Internship
Everything you need to know about the JPM summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.
$2,115/week
10 weeks
~70-80%
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 JPM 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 JPM 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.