JPMorgan Chase investment banking interviews are extremely competitive, with acceptance rates often below 1–2%, requiring a strong GPA, relevant experience, and early application.
The recruiting process typically includes Pymetrics assessments, a HireVue video interview, and a final Superday with technical finance and behavioral questions.
Success depends on solid valuation and financial statement knowledge, strong market awareness, and clear alignment with JPMorgan Chase’s culture and values.
A successful finance career depends on where you get your feet wet. Firms like JPMorgan Chase, which is a global leader 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.
But beyond hunting for smart people with stellar academic credentials, they also look for candidates who align with their business principles and can prove they belong to the JPM culture. That’s why this JPMorgan Chaseinvestment banking 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.
JPMorgan Chase requires a minimum cumulative GPA of 3.2 for its investment banking summer analyst and graduate programs. That works especially if accompanied by strong extracurricular activities, internships, and networking. However, a GPA of 3.5 or higher is generally required to be competitive for front-office roles. For specific elite groups and high-demand analyst programs, the firm often sets a higher bar, requiring a minimum GPA of 3.6 on a 4.0 scale.
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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:
Excellent communications skills
Ability to learn quickly about how JPMorgan conducts business
Determination and intelligence
Passion for a career in finance
Highly developed critical thinking
Problem-solving analytical skills to excel in a fast-paced work environment
Entrepreneurial qualities
On the technical side, JPMorgan Chase looks for candidates with intermediate proficiency in Microsoft Office, including Excel, Powerpoint, Word, and Outlook. They also prefer those with strong accounting, analytical, quantitative, finance, and financial modeling skills.
What Is the Recruiting Process at JPMorgan Chase Like?
JPMorgan Chase offers four programs for students and fresh graduates to give them a taste of real-world scenarios in investment banking. These include:
School Programs & Apprenticeships: On-the-job paid (less than full-time) training in which you’ll work with their actual employees. These opportunities target high school students.
Pre-Internships: Early career programs (mostly unpaid) that range from a day to a few weeks to know more about the inner workings of JPMorgan financial models.
Internships: A 12-week to 1-year paid program in which you work on meaningful projects to learn about the products and services that the company offers to their clients and who their actual customers are.
Full-Time Roles: Competitively paid 24-36 months full-time roles for undergraduate, postgraduate, PhD- and MBA-level candidates.
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!
Online Application
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, motivational statement, 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 Test
Some candidates may receive invitations to complete JPMorgan Pymetric game-based assessments immediately, while others may wait several days or get a HireVue link shortly. 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:
Planning speed
Multitasking abilities
Decision making
Adaptability
Memory span and others.
Important: Failing on the Pymetrics test means you can’t retake it for another year.
In most cases, you are required to complete JPMorgan’s Pymetrics within 5 days of receiving your invitation, but the earlier the better. 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.
Video Interview (HireVue)
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). You are required to complete the JPMorgan HireVue interview within 7 days of receiving your invitation.
Final In-Person Interviews (Superday)
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.”
Investment banking superdays at JPMorgan Chase consist of three to five rounds of 30-60 minute interviews. Some interviews will be 1-on1 and on others you’ll have two bankers interviewing you.
After completing the Superday, the hiring team reviews feedback from all interviewers and decides which candidates will receive offers.
What Is the Timeline for the Recruiting Process at JPMorgan Chase?
There’s no hard set timeline for the recruiting process at JPMorgan Chase. In general, the process takes a few months from the initial application to the final offer letter. That’s majorly because the recruiting process at JPMorgan Chase for students and fresh graduates works on a rolling basis. They review applications and extend offers in batches continuously as strong candidates apply. So, you should apply as early as applications open, even if the official deadline is months away.
Applications for the following year's Summer Internshipprograms begin opening in late December and January with deadlines ranging from April to October. For full-time analyst programs at JPMorgan Chase, the peak application season is August to September aimed at filling remaining positions after interns accept or reject return offers. Here’s a breakdown of the next major recruitment milestones at JPM:
Shortly After Applying: Pymetrics neuroscience games and/or the HireVue video interview.
2–4 Weeks After Assessments: May get a first-round interview, usually virtual.
Variable (Late Winter to Spring): Superdays or final round interviews held in waves or batches.
Offer Phase: A verbal offer within 24 to 72 hours after Superday, followed by a formal written offer within a week to four weeks.
Once you accept the offer, background checks and document verification occur periodically leading up to your start date. Then formal onboarding and training begin around May/June for Summer Analysts and July/August for the main cohort of Full-Time Analysts.
While hard deadlines for some programs remain in September or October, many divisions close early if the class is full. The recruitment process timeline for School Programs & Apprenticeships and Pre-internship is usually one month from the date of the application submission.
What Questions Should You Expect in JPMorgan Chase Interviews?
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:
JP Morgan Pymetrics Games
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. The best JPMorgan Pymetrics games strategy is to avoid being too reckless or too conservative since the firm values calculated risk. Practice on similar platforms before clicking that JPM link.
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.
Video Interview (HireVue)
HireVue is an asynchronous interview used by JPMorgan Chase to screen candidates initially. When crafting your answers, use words and phrases aligned with JP Morgan’s business principles and values. Here are some sample JP Morgan HireVue questions for practice:
Explain the steps involved in performing a DCF analysis, including projecting free cash flows, calculating the discount rate, and determining the terminal value.
Discuss the three main financial statements and explain how changes in one affect the others.
Define WACC, describe its components, and explain how it's used in valuation.
How do you value a company using different valuation methods?
What is the impact of a $10 increase in depreciation on the Financial Statements?
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. For the technicals, expect questions on areas like DCF, WACC, and enterprise value. Here are sample JP Morgan Superday Questions:
What is the difference between equity value and enterprise Value?
Provide a recommendation for a specific stock, including your analysis of the company, industry, financials, and why you believe it's a good investment.
You have two potential investment opportunities: One with higher risk and return and the other with lower risk and return. Which would you choose and why?
Walk me through a recent deal in which JPMorgan Chase was involved. What was your opinion on it?
How would you approach valuing a company in a distressed situation?
Fit Questions Asked in JPMorgan Chase HireVue and Final Interviews
Along with the investment banking questions, the recruits will ask you different fit and behavioral questions during the HireVue and final interviews on Superday. This is where you must prove you understand the JPM culture and belong there. Below are some example JP Morgan fit and behavioral questions:
The acceptance rate at JP Morgan Chase for its investment banking graduate and internship programs is often less than 2%, and frequently dips below 1%. So thorough preparation is of utmost importance:
Know JPMorgan Chase: Study the firm's history, culture, values, recent deals, and its position within the banking industry. Be prepared to discuss why you want to work there specifically.
Market Knowledge: Stay updated on current events in the financial markets, interest rate changes, major economic indicators, and recent high-profile deals.
Use the STAR Method: Structure your answers to behavioral questions using the Situation, Task, Action, Result (STAR) framework. This ensures your answers are clear and demonstrate your problem-solving skills.
Mock Interviews: Do practice runs with a friend or coach who has experience in investment banking.
Understand Macro and Microeconomics: Have a good grasp of economic principles that affect markets and corporate finance.
Practice Calculations: Be able to perform mental math quickly and accurately, as well as explain the reasoning behind financial calculations. Our mental math tool can help you with this 😉.
Dress Professionally: Make sure your interview attire is professional and appropriate for the role.
Rest and Stay Confident: Get a good night’s sleep before the interview and maintain confidence throughout the process.
Conclusion
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!
FAQs on Interviews at JPMorgan Chase
If you want to get an internship or job offer from bulge brackets like JP Morgan, check out their hiring process and prepare thoroughly for each step. Ensure your resume and other application materials are accurate and include the bank’s requirements like minimum GPA. Since firms like JPM may use an AI-screened resume parser for the initial screening, emphasize keywords like the company’s values or core pillars to get past that stage.
JPMorgan Chase typically sends automated HireVue invitations to nearly all applicants for undergraduate and early career programs who meet basic eligibility criteria shortly after they apply.
There is no specific timeline for response after HireVue interview. Some candidates hear back from JP Morgan two to four weeks after completing the HireVue, though some have reported waiting over a month. If you haven't heard back within a month, you are likely on a "silent waitlist" as the firm reviews applications in large, periodic batches but you can check your application status on the portal.
Yes. Unsuccessful candidates are eligible to submit a new application for the same program in a future recruitment year, provided they still meet the necessary eligibility criteria. Also ensure you master how to pass JP Morgan HireVue 2nd attempt or whatever stage you dropped out. That could mean using STAR-method stories based on JP Morgan’s core principles including client service, operational excellence, integrity, and winning culture.
Yes. Candidates are generally permitted to apply for up to three different programs per recruitment season.
