J.P. Morgan intensifies efforts to attract more talent from China’s universities
Fortune’s 2018 World’s Most Admired Megabank strengthens local talent pipeline as China continues to liberalize its financial sector
- In 2018, the targeted number of students to be recruited by J.P. Morgan for roles located in mainland China is up 63% since 2014, when J.P. Morgan first launched mainland China-based analyst programs for campus recruits
- J.P. Morgan has established seven mainland China-based analyst programs for campus recruits
- Diversity of thought and experience is increasingly important at J.P. Morgan with over 25% of campus recruits for China in 2017 having a background outside of finance, accounting and business
- J.P. Morgan's first Careers Pop-up campaign on mainland Chinese campuses was attended by over 200 students
Shanghai, April 17, 2018 - J.P. Morgan, a leading global financial institution, is intensifying its recruitment efforts to attract more talent from China’s universities with the launch of its Careers Pop-up campaign on mainland China.
The bank - most recently named the World’s Most Admired Megabank by Fortune - kicked off its new campaign on April 17 by inviting university students to meet with current employees from J.P. Morgan.
The event was set up to enable students to interact with banking executives in a less formal environment, so to encourage more relaxed discussions about J.P. Morgan: what it does as a firm and what it is like to work in the financial services industry more broadly. The newly launched campaign attracted over 200 students from a variety of majors and backgrounds.
“We are very happy to share insights with students about what a career in the financial services industry means and what is required to work for a leading global financial institution like J.P. Morgan. As China’s financial sector continues to liberalize and develop, there are an increasing number of opportunities for students to join us from all backgrounds.” said David Li, Chairman and CEO of J.P. Morgan China.
The firm attracts, on average, around 30,000 applications for its graduate and internship positions in Asia Pacific, employing about 1,000 students as full-time analysts and interns each year. In 2018, the targeted number of students to be recruited by J.P. Morgan for roles located in mainland China is up 63% since 2014. In addition, the bank has also established seven mainland China-based analyst programs for campus recruits covering businesses and functions such as Corporate Administrative Office, Finance & Business Management, Global Knowledge Network, Markets, Asset Management, Human Resources and Treasure Services.
J.P. Morgan is also looking to attract more students from beyond finance and business backgrounds and this year’s campus campaign is named All Minds Wanted, as the firm encourages students from all disciplines to join the bank. “The firm is a strong believer that diversity of thinking, experience and academic backgrounds add tremendous value to our success as a team.” said Noel Sze, head of Human Resources, J.P. Morgan China, “We need a team to serve our diverse client base. While technical skills can be learned, we look for candidates with critical thinking and who can solve problems.”
In Asia Pacific (excluding India), 39% of our campus recruits were made up of students from a background outside of finance, accounting and business. In China, 28% of campus recruits in 2017 were from majors including mathematics, human resources, public affairs, energy management, English literature, psychology, etc.
One more Careers Pop-up event will be conducted in Beijing on April 19.