Securing an Internship at J.P. Morgan: My Journey from Zero Experience to Success
Table of Contents:
- Introduction
- Discovering the Importance of Internships
- Facing Challenges as an International Student
- The Recruiting Process
4.1. Applying to Different Firms
4.2. The Value of Networking
4.3. Dealing with Rejection
- Internship Experiences
5.1. The Hershey Entertainment Internship
5.2. Exploring the World of Financial Analysis
- Applying for Investment Banking Positions
6.1. JP Morgan Super Day Experience
6.2. The Goldman Sachs Interview
- Learning from Failure and Reflection
- Tips for a Successful Recruiting Process
8.1. Changing Your Mindset
8.2. Managing Your Time and Energy
8.3. Embracing Your Personal Story
- Conclusion
- FAQ
The Importance of Internships for Career Development
Internships are a crucial step in the journey towards building a successful career. They serve as an opportunity to gain practical experience, discover personal interests, and establish connections in the industry. However, the process of securing an internship can be challenging, especially for international students like myself. In this article, I will share my own experiences and insights into the recruiting process for internships in the finance industry, specifically in investment banking. By recounting my journey and offering valuable tips, I hope to inspire and guide others in their pursuit of meaningful internships.
Discovering the Importance of Internships
As a junior majoring in hotel management and minoring in finance at Cornell University, I was initially focused solely on academic achievements. The importance of gaining real-world experience had never crossed my mind until I observed my friends receiving offers for junior summer internships. It was then that I realized the significance of internships in shaping one's future career. This revelation motivated me to explore my own interests and discover what I truly wanted to pursue professionally. I believe that sharing my story can provide hope and encouragement to others who may be facing similar struggles and uncertainties in their internship search.
Facing Challenges as an International Student
Being an international student added another layer of complexity to the recruiting process. Unlike some of my peers who had prior knowledge and experience with internships due to their parents' guidance or their own exposure to the American job market, I was navigating unfamiliar territory. The process was completely new to me, and I had to learn everything from scratch. While my peers were well-prepared, I felt like an outsider. However, I soon realized that being an international student brought its own unique strengths and perspectives to the table.
The Recruiting Process
The recruiting process for internships can be both daunting and rigorous. It requires careful planning, preparation, and persistence. In this section, I will discuss the various aspects of the recruiting process and offer insights based on my own experiences.
Applying to Different Firms
During my sophomore year, I applied to several firms, including JP Morgan, Goldman Sachs, Bank of America, and Morgan Stanley. However, I faced numerous rejections. While I did not have high expectations, the constant stream of setbacks made me question my worth and abilities. It was a humbling experience that forced me to evaluate my weaknesses and identify areas for improvement.
The Value of Networking
Networking plays a crucial role in the recruiting process, allowing candidates to build connections with professionals in their desired industry. While I personally did not heavily rely on networking, it is important to acknowledge its significance and the advantages it can bring. Connecting with others in your field of interest can provide valuable insights, mentorship opportunities, and referrals.
Dealing with Rejection
Rejection is a common aspect of the recruiting process, and it can be disheartening. However, it should not define your worth or abilities. Each rejection serves as a learning experience, highlighting areas for growth and improvement. It is essential to remain resilient and maintain a positive mindset throughout the process. Remember that every rejection brings you closer to finding the right opportunity.
Internship Experiences
Internships offer a platform for personal and professional growth. In this section, I will share my experiences during two different internships: one as a food manager at Hershey Entertainment and the other as a financial analyst.
The Hershey Entertainment Internship
During the summer of 2022, I embarked on an internship at Hershey Entertainment as a food manager. Although the position initially sounded exciting, it turned out to be different from what I had envisioned. The day-to-day responsibilities involved mundane tasks such as table cleaning and food assistance, lacking the professional growth and sense of purpose I desired.
Exploring the World of Financial Analysis
Concurrently, I had the opportunity to work as a financial analyst at Hershey Entertainment. This role allowed me to analyze financial statements and evaluate the performance of various restaurants within the company. I found great interest in financial analysis, as it blended my passion for finance with my business administration background. This experience helped me narrow down my career interests and consider pursuing a career in finance.
Applying for Investment Banking Positions
For the summer of 2023, I focused my efforts on securing an internship in investment banking. I went through the rigorous recruiting processes of JP Morgan and Goldman Sachs. While I faced initial rejections, I remained determined to present my unique skills and experiences.
JP Morgan Super Day Experience
I was invited to the super day interview at JP Morgan's Private Bank division. Although I struggled during the first super day held in New York, subsequent interviews in Palm Beach, Atlanta, and North Carolina went exceptionally well. However, despite my confidence, I ultimately received a rejection email from JP Morgan. The experience taught me the importance of perseverance and the unpredictable nature of the recruiting process.
The Goldman Sachs Interview
During the final round of interviews at Goldman Sachs, I was invited for three separate interviews. These interviews aimed to evaluate my suitability for their Global Market division in Tokyo, Japan. By discussing my bilingual abilities and demonstrating a deep understanding of both American and Japanese financial markets, I impressed the interviewers. Eventually, I received an offer from Goldman Sachs, which served as a reminder that each rejection was not a reflection of my abilities but an opportunity to learn and grow.
Learning from Failure and Reflection
Throughout the recruiting process, I underwent periods of self-doubt and frustration. However, I came to realize that setbacks and failures are essential for personal growth and self-discovery. Each rejection forced me to assess my strengths and weaknesses, refine my interview skills, and enhance my understanding of the industry. It was through this introspection that I gained clarity about my true interests and values.
Tips for a Successful Recruiting Process
Based on my experiences, I would like to offer some valuable tips to guide aspiring interns or job seekers.
Changing Your Mindset
It is crucial to change your mindset when facing rejections and setbacks. Instead of viewing them as personal failures, consider them as opportunities for growth and improvement. Embrace the learning experiences embedded within each rejection, and approach future endeavors with renewed determination.
Managing Your Time and Energy
While it is important to be proactive in your internship search, it is equally essential to manage your time and energy effectively. Avoid overwhelming yourself by applying to an excessive number of positions simultaneously. Prioritize quality over quantity and focus on industries or roles that align with your interests and skills.
Embracing Your Personal Story
Your personal story is a powerful tool during the recruiting process. Use it to connect with interviewers on a deeper level and showcase your unique experiences and perspectives. Sharing your journey of self-discovery and how it has shaped your career aspirations can leave a lasting impression.
Conclusion
Securing an internship is a journey filled with challenges, reflection, and self-discovery. As an international student, I have encountered numerous obstacles and setbacks. However, through perseverance, a positive mindset, and a willingness to learn, I have secured an internship at JP Morgan Chase for the summer of 2023. I am excited to explore my career interests further and continue my growth in the finance industry. Remember, every rejection is an opportunity to refine your approach and find the right path for your future. Do not despair, and keep taking action towards your goals.
FAQ
Q: How important is networking in the internship search process?
A: Networking can significantly benefit your internship search. Building connections with professionals in your industry of interest can provide valuable insights, mentorship opportunities, and potential referrals. While networking is not the only route to securing an internship, it can enhance your chances of finding the right opportunity.
Q: How should I handle rejection during the recruiting process?
A: Rejection is a common part of the recruiting process, and it is important not to take it personally. Instead, view each rejection as a learning experience and an opportunity for growth. Reflect on your performance, identify areas for improvement, and use these lessons to enhance your future applications and interviews.
Q: How can I effectively manage my time when applying for internships?
A: Balancing academics, personal commitments, and internship applications can be challenging. Prioritize your time by researching and applying to positions that align with your interests and skills. Avoid applying to an excessive number of positions simultaneously and focus on quality rather than quantity. Remember to allocate time for self-reflection and self-care throughout the process.
Q: How can I make my personal story stand out during interviews?
A: Your personal story is a powerful tool in making a lasting impression during interviews. Connect your experiences, both academic and extracurricular, to your career aspirations. Share how your journey of self-discovery has shaped your interests and values. By presenting a genuine and passionate narrative, you can differentiate yourself from other candidates.
Note: This article is a personal account of the author's experiences and tips. The strategies and insights provided may vary based on individual circumstances and should be tailored to suit specific needs.
