- JPMorgan has issued a strict warning to the next analysts, They stated that they would be expelled if they accepted another work offer within 18 months of joining, enhancing the vision of CEO Jimmy Damon that this behavior is immoral. This policy, which is aimed at the growing trend between American graduates, aims to protect the bank from conflicting interests and leakage of secret information, while making internal job progress more attractive.
The veteran in Wall Street explained his opinion: Graduates accept the role of the analyst in JPMorgan, but they intend to leave for private shares within a few “immoral” years.
A few months later, Jpmorgan told the postgraduate studies employees if they accepted the roles that were dated in the future.
An email sent by Filippo Gori and John Simons, two participants in global banking services in The largest bank in AmericaThey welcomed the new graduates starting this summer with a strict warning: “If you accept a position with another company before we join us or during the first 18 months, a notice will be submitted and you will be employed in the company.”
The logic was clear: to go ahead with the financial giant, “your full interest and your participation is necessary.”
It is constantly its meaningless scheme for beginner talent, the memo adds that training sessions, meetings and obligations are mandatory. If they miss, then, again, the individual may be abandoned.
Email that tells new graduates that they will be left if they are Another job was sent only to new employees in the United Statesand luck It is largely understood that the issue of accepting future roles is a problem in the United States more than it was in other parts of the world.
Although the memo did not explicitly stipulate the place where these future positions may be presented, the head of the bank, which has a height of about $ 730 billion, has clarified his ideas on this phenomenon clear.
“I know that many of you work in JPMorgan, you take a job in a private stock store before you start with us,” Dimon He told a crowd of university business college students in September 2024. “I will say something a little different, well, because I did not talk about the character. The most important thing about the personality of people, I think this is immoral. I don’t like it.”
Of course, the statement and the subsequent movement of feathers with PE, which represents a large part of the JPMorgan works.
but Damon emphasized that the practice of young analysts Get a basis for experience with JPMorgan before jumping on the ship detecting the bank because employees may have secret information or vision.
Damon added: “He puts us in a bad situation, and puts us in a conflicting position.” “You are already working elsewhere, and you are dealing with very secret information from JPMorgan, and I don’t like it.”
Jpmorgan refused more comment on this week’s update.
Keep talent
Before updating this week, The bank has already occupied a strong position On talents move elsewhere.
The former regiments have been told that they were “obligated to reveal” the future roles with their managers.
The temptation of their graduates may not have only one role, but also a next step after that, too much Rejection in the current job market.
Moreover, banks offer the search for talent to the extent that some are recruiting before students announce the specialization.
But in his speech last year, Damon replied, “You will face such moral decisions. Think yourself.
“How will you feel if you are on the other side of this thing? Or do you want to treat this way? Is it fair?”
But amid a war of brightest minds in the future of financing, JPMorgan is making steps to make it more attractive to the talents coming to stay with the bank.
For example, analysts will now have the opportunity to upgrade to link within two and a half years of joining the training program, unlike the previous time frame for three years.
What is the time to be cleared of these roles, though, after researchers at Stanford University and Boston Robot Designed Artificial Intelligence Intelligence Which – which It can significantly enhance the returns of fund managers by canceling their governor, beating many human stocks.
“I don’t think sitting around Excel Crunching data schedules is a job luck.
This story was originally shown on Fortune.com
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