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Brochures, websites, people you know. There’s only so much they can tell you

about what it’s really like to work at J.P. Morgan. Want to know the truth?

Then find out for yourself.

A lot of time, care and resources go into our global internship programs. To us,

these represent nothing less than our long-term success. They’re an opportunity

for you to find out about us, and vice versa. It’s also a chance for you to gain

real work experience with a top leader in global finance.

Our internship programs are worth much more than a line on your résumé.

They introduce you to the people who’ll become your friends, colleagues and

mentors for the years to come. Many of our own leaders first started as interns.

We’ll expect you to take your internship seriously as we’ll invest a lot of time

and effort in you and the program. Through mentoring, orientation and training,

you will be introduced to who we are and what we do. A program of real

responsibilities will test your skills and character. And a range of social events

will allow you to see what we’re like out of the office.

Those that make it into our summer program are as talented, ambitious and

intelligent as those in the full-time program, so as an intern, you’ll experience

similar work, pressures and thrills.

This is where you need to be.

Time for some specifics. This is where you

can read about our programs, business

areas and your future. We hire into the

Investment Bank and Asset Management.

OUR INTERNSHIPPROGRAMS

WHERE DOYOU BELONG?

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Opportunities for Undergraduates

As a Summer Analyst, you will work

with smart, energetic and expert

J.P. Morgan professionals on real,

challenging projects. You’ll have the

chance to discover first-hand what

areas of our business best suit your

talents and interests. We hire most

of our full-time Analysts from the pool

of Summer Analysts.

• The Investment Bank has Summer

Analyst programs in Investment Banking,

Sales & Trading, and Research for

rising juniors and seniors.

• Asset Management has Summer

Analyst programs in Private Banking,

Investment Management and Private

Client Services for rising seniors,

as well as full-time Analyst roles

for graduating seniors.

OPPORTUNITIESFOR YOU:

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Opportunities for MBAs

Prepare yourself for an extraordinary

career with top-notch training, exposure

to a wide range of our business

capabilities and plenty of responsibility

from the start. Our Summer Associate

program offers you the opportunity

to apply the skills and theories from

business school to real world deals

and projects. You’ll have significant

responsibility from day one and benefit

from our world-class training and

development programs. We fill most of

our full-time Associate positions from

our pool of Summer Associates in

Investment Banking, Sales & Trading,

and Research, and Private Banking.

• The Investment Bank offers Summer

Associate programs in Investment

Banking, Sales & Trading, and

Research and is for MBAs entering

their second year in business school.

• The Private Bank Summer Associate

program is for first-year MBAs and

has three rotations, each lasting

three weeks. You will be exposed to

different areas within the Private Bank,

with the opportunity to work in one

of our offices outside of New York.

Opportunities for PhDs

Whether you join us during a summer

program or full-time, your skills will be

tested in a fast-paced, real-life

working environment. You’ll work

alongside some of the finest minds in

investment banking with significant

responsibilities and the chance to

build your professional network with

your peers and senior management.

We offer special programs in the

Investment Bank for people with

or working toward PhDs across

Quantitative Research, Fixed

Income Strategy and Proprietary

Positioning Business.

Want to know what you’ll be doing? Read on to learn about the relevant business areas.

The details about where you can

work within our Investment Bank

are below:

Investment Banking teams help

companies solve problems and seize

opportunities, by raising capital or

shaping corporate strategy and

structure. As the first point of contact

for most clients, who include

corporations, governments, private

firms, financial institutions, non-profit

organizations, entrepreneurs, and

wealthy individuals, our professionals

take the long view of each client’s

needs and assess the best ways for

them to execute their strategy.

Members of the deal team interact

with the client’s CEO and CFO, advising

and drawing upon the entire spectrum

of J.P. Morgan products. Our Investment

Banking groups are organized to

provide either product or industry

expertise to our clients. You could join

us in anything from Technology, Media

& Telecom to our cross-industry M&A

or Latin America teams.

Sales & Trading teams create markets

in virtually all major asset classes.

Whether it’s Credit, Rates, Equities,

Emerging Markets, Currencies, or

Commodities, we engineer innovative

and sophisticated financial solutions

to help clients manage risk, increase

returns and solve complex financial

problems. Globally, we hold leadership

positions across the equity and

fixed-income product spectrum and

have major hubs in the Americas,

Europe and Asia Pacific. The breadth

of our global product platform is a

powerful business generator. And

because we custom-assemble expert

teams according to client need, rather

than department or product categories,

our clients get better service and

you’ll enjoy a more challenging and

interesting range of business issues.

We take part in a steady stream of

IPOs and secondary offerings, attract a

constant flow of trading assignments

and we’re also a leading innovator in

the derivatives markets.“Some of my best moments working here have been

in my interactions with so many intelligent, diverse

people – everyone from senior managers and peers

from my training program to clients.”

Courtney Cordes, Analyst, Investment Banking

J.P. Morgan is one of the world’s leading investment banks with one of the

most extensive client lists in the world. Our full platform enables us to develop

some of the most complete and innovative financial solutions in the industry.

We offer clients a full range of services, including strategic advice, capital

raising, restructuring, risk management, market-making and research. We cover

clients in more than 100 countries and have global leadership positions in our

key products. J.P. Morgan also commits its own capital to proprietary investing

and trading activities.

INVESTMENT BANK

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“Working with senior research analysts

to build innovative and intricate models

in my first couple of months opened my

eyes to the immense asset management

opportunities here and the ability to tap

into resources from all over the world.”

Tim Shannon, Analyst, Asset Management

ASSET MANAGEMENTResearch teams play a critical role across

our entire business and guarantee our

commitment to strengthening our

leadership positions. Working within

the Research functions – Equity, Credit,

Corporate Quantitative Research, and

Credit Portfolio Group – you’ll deliver

up-to-the-minute investment ideas

and thematic research to internal and

external clients. As markets become

steadily more complex, with increased

cross-border and cross-asset class

activity, a coordinated research platform

has become critical. Our research

analysts work alongside the sales

force and traders to provide insights

and analysis for corporate clients.

Analysts usually specialize in a

specific sector (anything from energy

to retail), building their knowledge

of the industry and working with

management teams to probe deeper

into their strategy and goals.

The following business areasapply to those with or workingtoward a PhD.

Quantitative Research is the expert

modeling group of J.P. Morgan whose

mission is to develop and maintain

sophisticated mathematical models,

cutting edge methodologies and

infrastructure to value, hedge

and measure the risk of financial

transactions, including complex

derivatives. Quantitative Research

partners with traders, marketers and

risk managers across all products and

regions, making critical contributions

to product innovation, effective risk

management and appropriate financial

and risk controls.

Fixed Income Strategy professionals

help internal and external clients find

profitable investment strategies. On a

day-to-day basis, our researchers follow

the markets and identify ideas, themes

and trading opportunities. Underlying

this is a continual development process

of new models, analytics and approaches

to valuation of different assets.

Proprietary Positioning Business is an

internal risk-taking group at J.P. Morgan

that identifies and capitalizes on

opportunities across a broad range

of asset classes.

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57 58

J.P. Morgan is a global leader in asset

management services, providing

world-class investment and wealth

management solutions to institutions,

high net worth individuals and retail

investors. This means we go beyond

the balance sheet, and get to know our

clients, making sure we understand

the totality of their financial needs,

business goals and personal interests.

Our teams of analysts, associates,

client advisors, portfolio managers,

bankers, and investors all pull together

to deliver the most innovative,

comprehensive solutions to satisfy

our clients’ needs. Our growth and

success have paved the way for an

exciting future, one that requires the

brightest minds in the business.

The details about where you can

work within Asset Management

are below:

The Private Bank advises ultra high

net worth individuals and their families

to help them grow, manage and sustain

their wealth. We leverage all aspects

of our global financial firm with a

platform that covers investments –

traditional and alternative, capital

raising, strategic wealth advisory,

banking, and specialty wealth

management services, while taking

the time to get to know our clients on

a personal level. Each client enjoys

unparalleled access to an integrated

team of experts: bankers, investors,

capital advisors, wealth advisors, and

fiduciary officers. Our integrated teams

work directly with clients throughout

the day, explaining products and strategy

as well as constructing portfolios. Our

investment solutions teams monitor

macro-economic development and

craft the Private Bank’s views of the

markets. Our unique business model –

our deep client relationships, our

platform depth and breadth, and our

integrated team structure – separates

us from other private wealth

management firms.

Our Investment Management business

manages money for individual and

institutional clients around the world –

from retail investors to pension funds

and insurance companies to university

endowments and foundations.

Our global reach and breadth of services

mean superior, client-focused portfolios.

Our Investment Management

professionals act as trusted client

advisors, provide comprehensive

analysis, develop trade flow, offer

market insights, and build innovative

models. We provide expert advice and

more than 210 investment strategies

for equity, multi-asset, fixed income,

currency, real estate, hedge funds, and

private equity assets. There are several

investment groups in the US, London,

Hong Kong, Tokyo, China and elsewhere

offering equity management, fixed

income management, private equity,

hedge funds, and real estate. Our teams

of investment, research, quantitative,

and client marketing professionals work

together to develop integrated and

personalized solutions for clients.

Our Private Client Services business

provides comprehensive wealth

management solutions for high net

worth clients in the US, helping them

preserve and grow their wealth. We

help shape our clients’ legacies and

enhance tax efficiencies through

expert structuring and administration

of trusts. Our tailored banking and

credit solutions mean we can provide

flexible and customized solutions

for our clients through a team of

local experts. Our investment teams,

banking experts and wealth advisors

build relationships with clients,

offer customized financial solutions,

take part in modeling and valuation,

and work on tax provisions,

investments, estate planning,

and insurance.

Recruiting Process Fast Facts:

• Check with our online campus schedule at jpmorgan.com/careers or your

campus career office for more information about presentations, résumé drop

deadlines and our interview process

• We are open to students of diverse academic backgrounds

• Application dates vary by school – check with your career center

• Summer internships start in June

• Full-time roles start between July and September

60

US

Most of our US Investment Bank roles

for undergraduates, MBAs and PhDs

are based in New York. However,

we do offer opportunities to work in

Chicago, Dallas, Houston, Los Angeles,

and San Francisco.

Most Asset Management roles are also

based in New York, including our New

York-based Private Bank Latin American

team. We also offer opportunities in

Atlanta, Boston, Chicago, Columbus,

Dallas, Denver, Houston, Indianapolis,

Los Angeles, Miami, Palm Beach,

Philadelphia, San Francisco, Scottsdale,

and Washington, DC to name a few.

Asia Pacific

We offer internship and full-time

opportunities in Asia if you are fluent

in an Asian language (ideally Mandarin,

Korean, Japanese, Bahasa Indonesian,

Thai, or Vietnamese). Depending on

the business area, you can join the

following programs with undergraduate

or advanced degrees in Hong Kong,

Singapore, Tokyo, or Seoul: Investment

Banking, Sales & Trading, Research,

or Private Banking.

Application deadlines for full-time

positions are mid-September. Summer

internship deadlines are at the end

of November.

Europe

For undergraduates, MBAs and PhDs,

we offer internship and full-time

opportunities in Europe, with roles

based mostly in London. For all roles,

you must be fluent in English, and in

some business areas, another European

language is essential. Internships for

undergraduates are offered in the fall,

winter, spring, and summer, for

10 to 12 weeks. First-year MBA summer

opportunities also last 10 to 12 weeks.

In order to obtain a full-time position

as an MBA Associate, you must first

be accepted to the summer program,

which could then lead to a permanent

role. As an undergraduate, you can

join the following programs:

Investment Banking, Sales, Trading &

Research, Asset Management, Risk,

Technology, Finance, or Operations &

Business Services. As an MBA or PhD

student, opportunities are only

available in certain business areas.

For more information about deadlines

and how to apply for roles in our

Asia Pacific and European offices,

visit jpmorgan.com/goglobal

Most of our roles are based in the US, but we have offices

and opportunities all over the world. Our Go Global website

exists for you to learn more about the details and processes

of applying to an international office.

GO GLOBAL

We hire the majority of our full-time Analysts

and Associates from our internship class,

so it’s worth carefully thinking about your

summer internship early. Wherever you are

in the world, making a wise decision about

your career is easier to do when you

participate in initiatives like those on the

following pages. We’ve specially designed

these to give you direct access to us and

ultimately help you with your decision.

START EARLY. GAIN EXPERIENCE. GET INVOLVED.

62

It doesn’t matter where you are in your education, we’ll have an initiative to suit you.

63 64

PROUD TO BEEvery J.P. Morgan employee has the right to be him or herself. That’s true for our

Lesbian, Gay, Bisexual, and Transgender (LGBT) community as it is for anyone

else. See what we mean at our Proud to Be event held at our New York City

headquarters. Select LGBT students interested in Investment Banking, Sales &

Trading, and Research can meet our business leaders face-to-face and learn

more about what it’s really like to work at J.P. Morgan. Find out more about the

event and how to apply on our website.

“The Proud to Be event was a phenomenal way to get candid and honest insight

from the panel of senior bankers who are all in the LGBT network. Not only was

it a comfortable atmosphere but the day was really educational with networking,

job shadowing and an exciting case study. It was unlike anything else I had

experienced going through the recruiting process.”

Proud to Be attendee, 2007

jpmorgan.com/winningwomen

WINNING WOMENIf you know you’ve got what it takes to be one of

the industry’s elite, then nothing should get in the

way of the career you deserve. Our Winning Women

leadership events are designed to help us meet the

next generation of female business leaders. And for

you to discover why working at an investment bank or

in asset management – and J.P. Morgan in particular

– could be a great career choice for you.

Winning Women is a great opportunity to ask our senior women who were once

in your position what it’s really like to develop a career in this dynamic sector.

You’ll learn about our business and network with our exceptional colleagues.

Take part in skill-building sessions, interactive presentations, job shadows,

and workshops. Discover first-hand the exciting challenges you’ll face and how

a project team works together to make a deal happen. Application dates vary

by school. Find out more on our website.

“The job shadowing was definitely my favorite part of the day. Sometimes we

have a theoretical knowledge about a certain profession but unless we actually

experience the job, we can’t be sure it’s the perfect match. After the Winning

Women leadership event, I now know that Sales & Trading is for me.”

Winning Women participant, 2007

jpmorgan.com/proudtobe

65 66

LAUNCHING LEADERS

J.P. Morgan Launching Leaders does exactly what you

might expect: promotes talent, jumpstarts careers

and launches our next generation of leaders.

Launching Leaders gives talented Black, Hispanic

and Native American students across the US the

chance to fulfill their ambitions and carve out an

outstanding career with one of the world’s leading

innovators in banking and business. Launching

Leaders is about recognizing and rewarding

exceptional students – people with unique

experiences and diverse backgrounds. It is a

fundamental part of strengthening our global

business capabilities.

The Launching Leaders Scholarships for Undergraduates and MBAs

These scholarships are for top Black, Hispanic and Native American sophomores

and first-year MBA students. Scholarship recipients are accepted into our

prestigious Investment Bank Summer Analyst or Summer Associate programs

and get awards of up to $10,000 for undergraduates and $40,000 for MBAs –

money which goes directly to you.

jpmorgan.com/launchingleaders

THE LAUNCHING LEADERS EXPERIENCE

This is a chance for top college freshmen to meet us and see first-hand

what we do at the Investment Bank. We host a visit for select Black,

Hispanic and Native American students at our New York offices where

students can meet and job shadow some of our top bankers,

traders, sales people, and research analysts, as well as participate

in interactive and educational activities. Your expenses-paid visit

won’t just give you a taste for working in a premier investment

bank – it will inspire you to become one of our future leaders.

“What I like about J.P. Morgan is that they make that extra effort

every step of the way and really take an interest in you. I had

expressed an interest in Research, so I was placed next to a

Research Analyst during the scholarship ceremony luncheon.

This type of personal touch goes a long way. Thanks to the

Launching Leaders program, it’s my second summer interning

with J.P. Morgan.”

Launching Leaders Scholarship Winner, 2007

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jpmorgan.com/goodventure

GOOD VENTURE CASE COMPETITIONThis socially responsible global case competition is part of our Good Venture

philanthropy program on campus. The competition offers you the opportunity to

make a case for why the philanthropic non-profit organization of your choice

should receive a $25,000 donation from J.P. Morgan. It’s open to freshmen and

sophomores for spring 2009. Join the competition and position yourself for a

summer internship interview.

We support Good Venture as part of our wider commitment to direct action in

the community. More and more people are getting the importance of volunteering.

We know this is happening because we see it and celebrate it in our own people.

We give substantial amounts to philanthropic causes, but some of our most effective

community initiatives are inspired and led by J.P. Morgan people who simply want

to make a difference.

“It was really exciting to travel to New York and present to the panel of senior

J.P. Morgan judges. Our team wasn’t just a few students making a case – we were

actual representatives for a real non-profit. The competition was a tangible way

to figure out exactly how the donation would be spent. And, it was a great

way to interact with business people from J.P. Morgan and other students who

were all so passionate about their causes.”

Good Venture finalist, 2007

THE J.P. MORGAN COMMUNITY

Join the J.P. Morgan Community on Facebook. This community allows you to

connect with current Analysts and Associates and members of the recruiting

and training teams. Take advantage of our discussion boards and find out

about events, latest news and ways to get involved with J.P. Morgan.

“The Community is a great resource. During the interview process, recruiters

answered questions that a lot of us had on the discussion boards. Before

I started, I was able to connect with my summer program class. It can be

daunting to move to a new city and start a new job. I felt like this gave

me a head start.”

Summer Analyst, 2008

jpmorgan.com/community

This is where you need to be.

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Instantinformation

71 72

Notes

The paper used in this brochure is from forests

that are managed in an environmentally appropriate,

socially beneficial and economically viable manner.

We hope you enjoy reading and using this brochure.

You can also view it on our website

jpmorgan.com/careers

When you’ve finished with it – please consider

the environment and recycle it.

WE TAKE OURCOMMITMENT

TO THE ENVIRONMENT

SERIOUSLY.