Former JP Morgan Recruiting Captain REVEALS Investment Banking Analyst Recruiting Secrets!

[@rareliquid]

⏱Timestamps⏱ 0:00 - Introduction 1:07 - Background About My Role as Recruiting Captain 2:34 - An Inside Look In the Banking Recruiting Process 3:04 - The Process Back in 2016-2018 6:11 - The Recruiting Process Now 8:59 - What Bankers Look For in Candidates 9:10 - What Bankers Look For in Resumes 11:57 - What Bankers Look For in Networking 14:50 - What Bankers Look For in Interviews 16:57 - Uncommon Recruiting Tip #1 17:22 - Uncommon Recruiting Tip #2 19:10 - Uncommon Recruiting Tip #3 20:42 - Uncommon Recruiting Tip #4 21:17 - Uncommon Recruiting Tip #5

[@lugia8888]

"If you did major in something harder but have a lower GPA, it wouldn't help you. It was better to have an easier major and higher GPA." That is a big problem.

[@alittlebitofpeace]

Bruh

[@anjalisomani4573]

Hi from India, I am currently applying for roles at JPMC here in Mumbai and I must say your tips are so helpful and relatable from my experience so far. Really glad I came across your video, thanks for sharing!

[@ScienceSimplifiedAcademy]

Hey Anjali, is your degree in finance? I'm planning on getting MBA fin. but I'm a biology graduate. Can you share some skills I can brush up to get an internship? Well no one is suggesting me to go for it being a girl, if you are already working given that u have commented this like 2 months back, how is life now? hectic or manageable?

[@nicks6871]

i love how they "dont want to hire people who don't understand that it's 80-100 hour weeks" but literally any time i've asked a banking/consulting recruiter about workload they're always like "oh we have great work life balance! it's an awesome culture" - like... why can't corporate simps just be honest?

[@shnellmybitenshtaag300]

Those people dont complain. Its a mindset

[@cezheng8624]

because they are recruiter

[@Username-kc4pr]

You answered your own question there

[@NarutoUzumaki-wm7sj]

ANSWER: Corporate banking really cares about your image. Most people are afraid that if they say anything bad about the job they won't be able to go back and work there. Plus other jobs will not hire you for the same reason. So bad mouthing about any IB, Consulting, PE jobs is considered taboo...

[@dontcallmyname7779]

Because they need to recruit people

[@rareliquid]

The KZbin membership thing I mentioned actually takes 24 hours for KZbin to review so if you're interested in joining, please check back in the future! Will edit this comment once it's up and ready. 🔥Join my Investors Community🔥 ► Become a Patron: www.patreon.com/rareliquid ► Join the Discord: discord.gg/Q2mhrGQAf2 ► Free Weekly Newsletter: forms.gle/cJ6AkyyLT7cvhHKQ7 💰Get Free Money💰 ► Coinbase - Get $10 in Free Bitcoin: coinbase.com/join/chon_df?src=ios-link ► Schwab - Earn up to $500: www.schwab.com/public/schwab/nn/refer-prospect.html?refrid=REFERBYVYKMZ6 ► Blockfi - Get up to $250: blockfi.mxuy67.net/Keje6z ► FTX U.S. - Receive 5% off trading fees: ftx.us/#a=rareliquid ► FTX Outside U.S. - Receive 5% off trading fees: ftx.com/#a=rareliquid ► Ledger - How I Protect My Crypto: shop.ledger.com/products/ledger-nano-x/?r=df7ec268d72b

[@filomenafernandes6730]

Jamie dimon is watching your video....I just told him 🤣🤣🤣🤣🤣

[@anatancio5515]

I'm with JP Morgan Chase for a month. Thank you Lord for this big opportunity 😍

[@triyanshigupta3816]

Congratulations

[@trishahurtado713]

I’m newly hired of jpmorgan chase for almost 2months. 🇵🇭 I thank God, coz i got my dream job😊

[@bun-bun5610]

Hows their background check ?. Specially if you have sss loan

[@Mac-ek8ug]

@@bun-bun5610 don't bother applying to chase if you have unsettled/unfinished loans (government institutions, lending companies, etc.) also, if you have unsettled bills from your college/university, most likely they'll fail you as well during the recuruitment process...

[@rareliquid]

congrats!

[@RserBot2]

May god bless you, selling your soul to the devil

[@sadafshaikh1230]

What qualifications required

[@yaseerahmed7809]

How to crack hirevue interview

[@haoshenlim6154]

You are definitely gonna make it man. Here before 1 millions subs!

[@rareliquid]

thank you haoshen!

[@MrErico12345678]

gpa seems much easier in us than alot of euopean countries, since getting jus grade a and b is insane there. Also only excams count for grades there

[@SirD1]

My experience is, GPA doesn't mean anything in too many cases. Some of the best GPAs turned out not too well.

[@rareliquid]

when it comes to actual performance on the job totally agree no one cares about gpa

[@hsaaasss7455]

​@@rareliquid do freshers get chance with some internships ?

[@bitanyagebremichael9600]

Digital interviews were the absolute worst change that was made! Feel like I'm talking to a robot, or in an interrogation room with cops behind the camera, lol

[@AyushPatel-ow3me]

Within the past week the channel picking up, Congrats! #consistency

[@rareliquid]

Thank you Ayush!

[@Martycornish]

Great video man.

[@mariagee8847]

In London it’s not a matter of what you know but who you know - managers have their children, partners and relatives working there - London

[@hd-getintofinance]

Thanks for this helpful video! Cheers from France :)

[@rareliquid]

thank you!

[@nickcoats5227]

What if ur university doesn’t have recruiters there?

[@danielmoore9214]

What is stopping you going back into banking or PE ?

[@roommate8301]

current emp here. LOL. this is very informative. Nice!

[@DarvJ2121]

What would you recommend for marketing majors. Im a senior about to complete my Business Administration degree in May and I have no marketing experience whatsoever. I currently work for chase but want to get into the JPMorgan corporate office in New York within the marketing field.

[@scarletbelmont9022]

What advice do you have for someone entering the finance job market later in life? I am going to be graduating with a bachelors in corporate finance in May at 37 and all of my previous work experience is unrelated to banking. I want to start as an analyst and work my way up...should I even bother with big banks? Thanks

[@ntl9974]

.

[@maameoseiantwi7459]

They care about transferable skills and how it aligns with their core values. They don’t expect you to have IB experience

[@jeremyhorne7130]

Can you explain what you mean by these virtual conferences and case studies??

[@somsom-fb1id]

Your content is so useful. Thanks for sharing :-)

[@rareliquid]

thank you!

[@biancasanchez9361]

Hi! Is the course out?

[@DeborahVitela]

Is there a difference when you guys looked at a resume with a masters versus a bachelors?

[@JohnIKinnunen]

Are there investment banking conferences

[@alexanderroot6086]

that salary breakdown BLEW UP! came back after 3 days and you’re at 17k subs! 100k soon

[@rareliquid]

haha thanks man! appreciate the support

[@wolfgangi]

Awesome video Ben , would be cool if you can make a video on how and what resources you used to prep for the behavioral and technical interview

[@TelzAll]

I know this is an old video but how useful is a referral for positions here?

[@victorvictor3794]

Here before 1M sub !

[@rareliquid]

haha we’ll see but thank you victor!

[@2k翻譯站]

13:15 I understand that bankers don't want to talk about work for their only 30 min to 1 hour break during their day, but how to sound natural when I ask non-work related questions? Like I can't just start off by Hi my name is John and nice to meet you. Do you watch any sports? LOL Thanks

[@lucioyuen]

Lol do you even socialize? Just go over and ask about what they're doing, like how's the coffee, where'd they get it, and then slowly move on to the topic of hobbies or coworker gossip, that's how I bond in every company I've been in

[@sir_cartier112]

pretend they're your good friend

[@sukilee73]

Thank you for sharing~

[@Buddy-fd2pp]

love this video thank you so much! Super helpful keep it up:)

[@d_15745]

Is there a way of getting an internship after being out of school for a while? I have a finance degree and have literally done nothing with it. My resume is full of retail jobs. I have been doing a valuation analyst program, DCF, 3-statement models etc. What can I do? Just subscribed to your channel! Thanks for the content!

[@maameoseiantwi7459]

I have an interview with JP Morgan in a few hours, my current experience is McDonalds. They don’t expect you to have IB experience it’s your TRANSFERABLE SKILLS! And how it aligns with the company’s core values

[@sir_cartier112]

@@maameoseiantwi7459 needed to hear this, thank you

[@chelseajacobs8876]

Hi, please can you send me the link of your KZbin membership because i could not see it. Thank you

[@henrylee588]

Great content!

[@sarahzuhri9765]

What if I come from a Law Bachelor’s degree? With an LLM specialized in M&A, finance, and banking? Is it possible to get into IB? Also got the master in a “target school” (IE University in Spain) I really want to get into IB but didn’t have the knowledge to make the right decision at 16://

[@TT-by7tv]

Good Morning :)

[@nancicicade8568]

Hi. May I know if there's some cases who enter the banking industry in their late 20s or around 30 (age).

[@rareliquid]

after MBA yes it happens all the time

[@evanyonathan9455]

Will it help if I already passed Series 79 despite having no experience working in a financial institution?

[@JT-jq3pt]

Hi, Thank you for the video. Is cover letter for the internship recommended?

[@ak29004]

2 years later did you get anywhere lol i am in ur shoes

[@desertprince4002]

I recently applied for 2024 Investment Banking Summer Analyst Program (Singapore) and this helps me a lot! I am nervous but I hope I make it! Also we get paid too right? in handshake Morgan-Stanley pays 100K-120K dollars per year in NYC, do they also pay the same in other countries?

[@JohnDoe-qe4pq]

congrats on your channel growth!!!! 1 mil in a year may just happen lol

[@rareliquid]

thank you! and we'll see haha

[@eemaanakhany]

What do you mean by "apply to conferences" @ 21:00? Like, just apply to attend the conference and mention the fact that you attended it, which sessions you liked, etc.?

[@kevinsuh5313]

time for me to apply! thanks for the help Ben

[@f1pokefan]

Hey Ben, if a Bulge Bracket IB has an "Upload Resume/CV" section, but has no mention of a cover letter, should I still attach my cover letter to that document? Or submit the cover letter later?

[@i123456987654]

oh yeah, enterprise value...that's important

[@Arcenals]

I want to try in CIB

[@Frankezz17]

I’ve been working in banking for roughly 8 years. I work for private client at chase as a banker currently. Do you think transitioning into investment banking is a good? More specifically in acceptance.

[@gloriaesthefaniameza3039]

I consider that it is going to depend on what are of the bank are you, if you are in the commercial retail, it's going to be difficult to enter. But if you are in the corporate finance area it will be useful. I started in the corporate area and the it had given me a wide panorama of the industries and how banks use to review the debt/investments. In that case going to IB for M&A and Debt restructuring was a good idea given the knowledge. But if you are in the commercial area for individual people loans, hmmmm I would try an MBA or something similar to enter to a nice boutique to later go directly to a big firm

[@neharoy2187]

I've applied in India....and it's been month. Status showing to be "under consideration for an interview". Will I get an opportunity for interview and if I get how long will I have to wait. Need a clarity in this please

[@pranavsureshkumarkapse6613]

thank you

[@richardlee5439]

I had a networking call and they said that getting an interview is all through pymetrics and the hirevue now for JPM. They said networking doesn’t do much now. On WSO people said the same thing

[@rareliquid]

i could see networking being less important now but will confirm in a future video. i do know at least for MBA recruiting networking is still important though maybe they don't use digital interviews as much

[@asifimrankhan6916]

How do you guys work such long hours?

[@i123456987654]

yeah, i've notived that as well...alot of finance ppl don't have humility unfortunately

[@graywilliams_77.]

Is this an opportune moment to invest in stocks? What's the expected recovery timeline? I understand that many people believe equities are currently undervalued. However, there are strategies in play in this market that aren't easily accessible to the average person. Should I consider alternative investment options that may be more suitable for me?

[@susannicky]

Don't blame yourself, a lack of proficiency in bear markets can restrict your earnings. Seasoned professionals who weathered the 2008 crisis excel by employing tactics like long-short and astute portfolio management to prosper during turbulent times.

[@elizabethsunny7405]

Thank you 🍀 hoping one one day imma make a good career in finance and hopefully find a good work life balance too

[@brodssn]

Can you get into the logistics and push for “diversity and inclusion” by sacrificing better candidates solely to hit numbers for diversity. This was spoken of a lot by recruiters on the treasury side. Was it the same way in investment banking as it was in treasury services?

[@rubyridge3030]

When talking about GPA do you refere to college or highschool?

[@jam33033]

this recruiting process sounds like hell for the candidates

[@JayAlejandro]

You didn’t sign a NSA or NDO?

[@santiagovallejo7495]

GPA is one of the most misleading information. I am glad companies are looking at this less and less. Nice video!

[@rareliquid]

especially when the reason for a lower gpa is a hard major!

[@santiagovallejo7495]

@@rareliquid I usually don’t add it on my resume even tho is over 3.3 because for me it was very hard to get a 4.0 or perform the best when I had a full time job because I needed to take care of me and my mom. However, I was still there going to every class, so now that I work for a bank and I have a good career I never look at GPA (at all) when looking at a resume because there is millions of people that are super super talented, disciplined and dedicated that don’t have a good GPA either because of work, English as a second language, bad exam takers, etc.

[@lugia8888]

What about an incomplete masters degree with higher gpa than complete bachelors degree with lower gpa? Have 18/30 credits done for the masters done a few years ago but always left it out of resume. Math degree in USA.

[@ssuulilililiu5288]

OMG! I'm also from BERKELEY! 😊 Can I invite you to have a coffee chat?

[@nialloneill7760]

You should do a video on IAG

[@jacobzhang7276]

You should do some sort of collab with Bryan Jun! He's another finance youtuber.

[@rareliquid]

perhaps haha thanks for the suggestion!

[@kevinxie3468]

@@PÍnnedbyLALATE-t4z scam account not associated

[@prowriteadmissions3707]

Ben's channel is much more well done, with extreme attention to detail and on point execution.

[@janellelee8378]

Accounting, equity value, enterprise value, SCFa, LBOs, accretion solution, financial modelling, valuations

[@kevinroberts3456]

JPM recruits!? I am a CPC with Chase and their "service" has declined over the last three years. Closing offices, failing to return calls, and low paying rate bonds with 500k invested. I asked about REITs and received an opinion versus a well thought out investment plan. Some REITs are paying 11% in divideds....I may take my half a mil elsewhere.

[@balakrishnansoman2928]

Hi Ben, I am from India, Does JP Morgan really recruit from applications through their career website?

[@rareliquid]

yes we did receive a resume book from the application portal but it was for one of the later superdays and it's a bit of a black hole. every applicant does need to apply through there though

[@ismaelelkherchi2629]

When you're talking about gpa, are the examples you've given for a 4.0 scale or a 4.3 scale? Thanks for this video!

[@rockinrocfishing1634]

Never heard of a 4.3 scale. I assume most recruiters are thinking out of 4. If anything put 3.7/4.0 or 3.7/4.3 if you’re worried!

[@ketowithme6096]

Hahahaha Im from JPMC CIB. Keep it up, tho!

[@jriwomcofojdlflw6577]

Are the recruiting process different from eachother?

[@myrnaromero8893]

I hate working for chase bank . If you complain about a manger to the boss or hr they take long to come back to you or they don’t do anything to the manager

[@patrickfu7687]

Well, if working 100 hrs per week, the hourly rates are actually pretty bad.

[@goldsunsilvermoon]

that’s what all my IB friends say lol. same could be said for big law

[@rareliquid]

yup it's more about the long term financial compensation not the first few years

[@weideng608]

that is why people are now quitting their jobs and starting their own businesses (ex youtube, e-commerce). The 8-5 life is pretty draining without a lot of compensation.

[@tejaswinipendyala4484]

How to apply for this role? I am a MBA finance fresher 2021 pass out. Can drop the link its really helpful. Thanks in advance

[@abekawser4908]

Can you please give some advice to undergraduate for big 3 consulting firm ???

[@joon769]

Wow what a uselss content👏👏

[@str8gigachad124]

Great content! Could you maybe do a video on books, websites or other ways of learning investing? Thank you and keep the videos coming :)

[@rareliquid]

yup will do!

[@lukesaxtaxman867]

I would’ve loved to meet Jamie dimon!

[@barryaherne215]

I got no clue about IB, so I'll just comment for the algorithm 😅 But holy shit, you got, like, 10-12 thousand subs in week! Really good going!👏

[@rareliquid]

thanks barry!

[@kalliveeating1688]

Do u have expertise or experience in hedge fund or trading firms?

[@acebasan905]

Jp Morgan 😍😍😍

[@oksanasteinke9714]

Any advise on getting a job as an internal auditor at JP? How is that different?

[@praneshsaxena1455]

Hi bro, Just want to ask that how much hours an associate work in JP MORGAN..

[@konstantinradu4399]

Hi man I’ll be a business analyst and found offers in IB, I Dont know how their condition is. I knew through other that you have bankers analysts and associates and that’s all. I didnt find people speaking about business intelligence or business analysts in IB or quant analysts.

[@realtormark]

Hi Bro. What College Degree did you get to be Investment Banker. Did you get MBA or Masters in Finance?

[@appetizingfoody7974]

Hey Ben, I would be highly grateful if you could throw some light of the off campus internship process and secrets. ;)

[@rareliquid]

already made a video about that! kzbin.info/www/bejne/hpiamoCjrtF_kJo

[@appetizingfoody7974]

@@rareliquid thank you so much!! :)

[@krishagarwal1844]

@@rareliquid Hey Ben this is not off campus internship process....this is specifically related to UCB or on campus relations.....

[@francisjuarez7342]

I have a 3.3 gpa a Junior and got called in for an interview 😊

[@sir_cartier112]

what internship experience had you had prior to this?

[@mayora7734]

Next year will be my 14th year with JPMC. 😉

[@aryaankhan2365]

Hey, you mentioned recruiters look for candidates that majored in business or econ, but you also added that math/cs is acceptable as well. How do recruiters feel about candidates that majored in humanities like english, philosophy, political science etc? Are these majors acceptable or is there a clear preference for business/econ and stem candidates.

[@blake8410]

As a Philosophy undergrad curious about this too

[@benmcgloin3641]

I would imagine it would be acceptable if you also had an advanced mathematical/cs knowledge to go with it. You would have to demonstrate some potential in economics and finance also to be considered.

[@rareliquid]

humanities majors would be a pretty big uphill battle. don't think i remember anyone getting an offer with anything like an english major (I almost doubled in English at college so I would've been an advocate). You can make up for a non business major through strong finance experiences but at that point why wouldn't you just major or double major in a business / stem major?

[@DeJaVu337]

Would you want a C- liberal Arts student like Joe Biden managing a Trillion dollars a week ?

[@maddys.r760]

Why you left your job then?

[@mbank3832]

i work at jp morgan, its not that hard to get in...

[@summer.days1105]

Regarding qualifications, what do your think if the applicants had low gpa tha k requirements for bachelor degree but had higher gpa for master degree with some experience?

[@gloriaesthefaniameza3039]

Once you pass the first filter ... It does not mean much your Gpa once you left bachelor's, all is about knowing your numerical skills, modelling and known of the industry (oil, retail, proj fin, etc). And having tons of knowledge of the network and industry as well .

[@summer.days1105]

@@gloriaesthefaniameza3039 thank you for your input !

[@hsaaasss7455]

​@@gloriaesthefaniameza3039 do freshers get chance ?

[@ericooltrips]

You know what? Today, during the bath, I thought about humility, which is one of the characteristics I most admire and I try to put it in my day-to-day life.

[@fkarimamb21]

Bro, I wish you made this when I was recruiting, this is seriously so helpful. Love your content!

[@rareliquid]

thanks Fawad!

[@neverstopthebeatlastresort7962]

Lol watching this on break at my chase bathroom

[@sidpomasin8206]

I was a former employee of JPMC as well and I'm just glad to be part of the firm. The process wasn't easy at all. Out of 100 applicants there's 15 of us made it.

[@Philgob]

Best tip: be from UC Berkeley

[@manmohansingh-mc1mu]

Can u make interview questions list for advanced analyst job

[@i123456987654]

you guys work 80-100 hours a week?! how is that work life balance

[@Benith55]

Hi very good video ! I am just asking when we could get the 20$ membership on patron ? Is it full or we can pretend to be part of each starting months ? Thanks

[@PS3Gamer876]

What cryptos would you say are a must-buy right now

[@rareliquid]

I bought SOL and ETH recently if that helps

[@PS3Gamer876]

@@rareliquid Thanks, I have some ETH but will check Solana out. Keep uploading! :)

[@aashishkatkar4140]

Does retail banking experience helps to get into IB and in good INVESMENT banking co.?

[@rareliquid]

any finance experience would help but boutique investment banking experience is probably more attainable / best