A successful career depends on where you get your feet wet. Firms like JPMorgan Chase, which specializes in investment banking, commercial banking, financial transactions, and asset management, offer students and fresh graduates the platform to start their journey by building a strong foundation.
That’s why this JPMorgan Chase interview guide will help you understand:
✔ Academical and skill requirements at JPMorgan Chase.
✔ The recruitment process at the firm.
✔ The time it takes to go through all the interview stages.
✔ The questions you should expect.
✔ Their acceptance rate and how to prepare for the interviews.
To work in the investment banking division at JPMorgan Chase, a strong academic record really makes the difference in selection. Usually, a GPA of 3.5 or higher on a 4.0 scale is considered competitive. However, a GPA of 3.2 in your undergraduate degree is acceptable if accompanied by strong extracurricular activities, internships, and networking.
Although there is no experience needed for students and graduates to join JPMorgan Chase's early career programs in any of the investment banking fields, the recruiters usually look for the following skills in you to shortlist and hire:
JPMorgan Chase offers four programs for students and fresh graduates to give them a taste of real-world scenarios in investment banking. These include:
To join JPMorgan Chase as an aspiring investment banking professional, you must go through four stages of the interview process. Let’s discuss each of them below:
The first step is to head to the dedicated webpage of JPMorgan Chase for students and young graduates, click Our hiring programs, and click on any of the four categories mentioned above to find the opportunity that attracts you the most.
Then, click Apply Now. Enter your email address, personal details, academic details, resume, cover letter, and submit the online application.
Next, the recruitment team will review your application, and if they think you have what it takes, they will invite you for preliminary assessment tests.
Note: In a few cases, the JPMorgan Chase hiring team may not even look at your resume and still ask you to do these tests first.
Pymetrics online test at JPMorgan Chase is a set of neuroscience-based games, 12 to be exact, that lasts for 25-35 minutes and are designed to assess you on 90 different cognitive and emotional traits, including:
Important: Failing on the Pymetrics test means you can’t retake it for another year.
You might also be asked to complete a short numerical or verbal reasoning test so the recruiters can assess your analytical and comprehension skills.
As soon as you complete these tests successfully, you’ll get an email inviting you to a video interview (HireVue). This means the company is interested in you but not sure what you can bring to the table.
In the HireVue video interview, you’ll record your responses to a series of pre-set questions. You’ll be asked 3-5 questions, which you have a couple of minutes to prepare, and then you have to answer them within 2-3 minutes on camera.
These can be a mix of behavioral questions (e.g., about teamwork, leadership, and problem-solving) and technical questions related to finance and investment banking (e.g., valuation methods, market trends, etc).
If you perform really well in the Pymetrics test and HireVue interview, you’ll be shortlisted for a final round of back-to-back interviews at a JPMorgan Chase office. For entry-level positions at the firm (internships and graduate hires), this is referred to as a “Superday.”
These interviews last about 25-40 minutes; usually, two interviewers are there to question you in each of them.
After completing the Superday, the hiring team reviews feedback from all interviewers and decides which candidates will receive offers.
The timeline for the recruiting process at JPMorgan Chase for students and fresh graduates is usually 5 months (from the opportunities available to the final offer letter for internships and full-time roles). Here’s the breakdown.
After you accept the offer, JPMorgan Chase will go through your onboarding process in January and February.
The recruitment process timeline for School Programs & Apprenticeships and Pre-internship is usually one month from the date of the application submission.
The questions you will be asked in different stages of the JPMorgan Chase interviews might be overwhelming. Therefore, below are a few examples to let you test the waters and hint you to prepare for what’s to come:
Example 1 (Risk Tolerance):
Objective: You are shown a balloon that you can "pump" to increase its size and earn money. The larger the balloon gets, the more money you earn, but the balloon can pop at any time, causing you to lose the money.
What It Measures: This game assesses your risk tolerance and decision-making under uncertainty. It looks at how far you're willing to go to maximize rewards, balancing the potential for gain against the risk of loss.
Example 2 (Reaction Time and Attention):
Objective: In this game, you are asked to press the space key on the keyboard quickly whenever a specific stimulus appears on the screen.
What It Measures: This game tests your reaction time, attention to detail, and ability to focus under pressure.
HireVue is an asynchronous interview used by JPMorgan Chase to screen candidates initially. Here are some of the questions asked in this interview, which are then reviewed by recruiters:
👉 For more technical questions to practice, check out our guide with sample questions.
The Superday in JPMorgan Chase interview process is particularly for roles in investment banking, asset management, and other high-stakes areas of the company. It’s an intense, full-day event where you face a series of interviews with senior executives and team members. Following are a few example questions you will be asked in this final stage:
Along with the investment banking questions, the recruits will ask you different fit and behavioral questions during the HireVue and final interviews on Superday. Below are some example questions:
👉 Prepare for your interview using our Stress Question Tool.
The acceptance rate of JP Morgan Chase when hiring students and fresh graduates for investment banking roles is in the low single digits, often ranging between 1% and 3%. So thorough preparation is of utmost importance:
That’s it! You’ve got the lowdown on cracking your JPMorgan Chase interview. Remember, it’s not just about feeling confident about knowing your stuff but also about showing your passion for finance and how you can fit into the JPMorgan Chase team. That’s not a hidden fact that practice makes perfect, so don’t ever miss out on this part. Good luck, you’ve got this!
