Discover your dream Career
For Recruiters

JPMorgan's new MDs explain why they've worked there forever

Last week, JPMorgan announced its new list of 134 managing directors in its corporate and investment bank. As we observed at the time, many of the fortunate individuals on JPM's list have worked for the bank for a while. Quite a few have even been there for their entire careers after joining JP straight from university. 

What makes a banker or a trader join a bank and then never leave again? Speaking off the record to eFinancialCareers, one of JPMorgan's new investment banking MDs offered some insights into its peculiar stickiness.

"Our culture is very friendly compared to other U.S. investment banks," he said. "I've worked here all my career because we're doing well and firing on all cylinders. We came out of the financial crisis better than most banks and although the London whale was a setback, we've recovered. It didn't prove detrimental in the long run."

Relative to rivals, he says JPMorgan also offers better job security: forced lay-offs are comparatively rare. He cites a high degree of collaboration between people and says competition between employees seems less fierce than at other banks. "We have a lot of co-heads and those structures are sustainable, with two senior leaders working together for years." JPMorgan's investment bank is just better than the rest, he concludes. 

It's not just about superiority. Another JPM insider said the new MDs include lifers who are known for their humility. This category is said to include Maheer Trivedi who runs the flow and structured financing desk in London. Trivedi has been with the bank for 16 years since graduating from Imperial College. "He's one of the most well-liked people at the bank," said a colleague. "He's a very large revenue generator and has been involved in some of the largest and most complex financing transactions the bank's ever done, but he's also quiet, intellectual and humble. He's tipped for big things." 

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear.

Photo by Matthew Foulds on Unsplash

AUTHORSarah Butcher Global Editor
  • Ja
    6 May 2021

    The explanation is right. JPM pays lower than GS or MS but people still happy to stay there in exchange for better lifestyle and more job security.
    One of trading MD I knew personally told me he get paid 60% less than his friend in MS, but he doesn’t care. For him, company culture is more important. He’d rather get paid less in exchange for less stressful working environment.

  • JD
    J D
    4 May 2021

    Can we stop promoting traders as if they are doctors or law enforcement. They are literally no better than anyone else at their respective firms, and quite frankly rely heavily on the rest of the bank to feed them information. Culture needs to change and to do so we must start with stop putting bankers on a pedestal.

  • As
    4 May 2021

    Pays to be nice. JPM is arguably more dominant than GS in its heyday, but it also attracts far less political and social ire.

Sign up to our Newsletter!

Get advice to help you manage and drive your career.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Analytic Recruiting Inc.
Senior Operating Officer - Hedge Fund
Analytic Recruiting Inc.
New York, United States

Sign up to our Newsletter!

Get advice to help you manage and drive your career.