Summer 2027
Asset & Wealth Management U.S. Private Bank MBA Summer Associate Intern
Posted on 8/17/2026
JP Morgan Chase
10,001+ employees
Global financial services with diversified offerings
Compensation Overview
$72.12/hr
Salt Lake City, UT, USA + 41 more
More locations: Palo Alto, CA, USA | Long Island City, Queens, NY, USA | Birmingham, MI, USA | Boston, MA, USA | Las Vegas, NV, USA | Seattle, WA, USA | Greenwich, CT, USA | Indianapolis, IN, USA | Houston, TX, USA | New Orleans, LA, USA | Nashville, TN, USA | Washington, DC, USA | San Francisco, CA, USA | Summit, NJ, USA | Austin, TX, USA | Cleveland, OH, USA | Los Angeles, CA, USA | Orange, CA, USA | Tampa, FL, USA | Miami, FL, USA | Dallas, TX, USA | Philadelphia, PA, USA | Chicago, IL, USA | Charlotte, NC, USA | San Antonio, TX, USA | Fort Lauderdale, FL, USA | St. Louis, MO, USA | Milwaukee, WI, USA | Pittsburgh, PA, USA | Fort Worth, TX, USA | Winnetka, IL, USA | Columbus, OH, USA | Oklahoma City, OK, USA | New York, NY, USA | Minneapolis, MN, USA | Denver, CO, USA | Palm Beach, FL, USA | Atlanta, GA, USA | San Diego, CA, USA | Cincinnati, OH, USA | Baltimore, MD, USA
In Person
MBA
 Finance & Banking (1) |
|---|
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- Be a first-year Master of Business Administration candidate with at least three years of work experience.
- Attend a college or university in the United States.
- Have an expected graduation date between December 2027 and June 2028.
- Demonstrate strong quantitative skills and a passion for investing.
- Have excellent communication and presentation skills.
- Have exceptional organizational, interpersonal, analytical, and problem-solving skills.
- Have a genuine interest in financial markets and macro-level economic trends.
- Desire to work with external clients in a relationship-building and sales capacity.
- Exercise good judgment and discretion when working with confidential information.
- Work with advisors and specialists to bring in new clients and serve existing clients.
- Deliver highly customized and comprehensive solutions to help protect, manage, and grow wealth.
- Learn the fundamentals of wealth management by partnering with a Private Banking team accountable for identifying and managing high-net-worth and ultra-high-net-worth client relationships.
- Work in teams to foster client relationships and present strategic solutions that help clients achieve their financial goals.
A global financial services firm offering investment banking, asset management, private equity, financial services, and consumer banking to individuals and institutions. It works by providing advisory, lending, trading, and financing services through a worldwide network, earning revenue from interest, fees, and trading commissions, and using its data and the JPMorgan Chase Institute to analyze economies. It stands apart from peers due to its size, full-range services across consumer and corporate markets, extensive market access, and in-house data-driven insights. Its goal is to deliver comprehensive financial products with integrity and growth while supporting clients and communities through data-backed analysis and targeted programs.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1959
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Simplify's Take
What believers are saying
- August 17, 2026 Chicago flagship expands Chase deposits while cross-selling J.P. Morgan wealth services.
- Second-quarter 2026 trading revenue surged, lifting markets revenue 35% and investment banking fees 30%.
- Dimon raised 2026 total net interest income guidance to about $105.5 billion on July 14, 2026.
What critics are saying
- August 2026 whistleblower reports triggered federal prosecutors' review of JPMorgan's antifraud reimbursements over $100 million.
- ECB fined JPMorgan 12.2 million euros on February 19, 2026 for capital reporting errors.
- Higher UK bank taxes threaten the £3 billion Canary Wharf headquarters and future hiring decisions.
What makes JP Morgan Chase unique
- JPMorgan Chase spans consumer, payments, markets, and wealth, monetizing one client across products.
- July 14, 2026 brought $21.2 billion quarterly profit, the highest ever posted by a U.S. bank.
- General Atlantic chose JPMorgan on August 17, 2026 to lead its revived IPO.
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Benefits
Health Insurance
Flexible Work Hours
Paid Sick Leave
Paid Holidays
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↓ -5%2 year growth
↓ -5%Californian missile-making startup Castelion has closed a funding round exceeding $1 billion, co-led by Carlyle Group, JPMorgan Chase, and Andreessen Horowitz. The Series C investment comprises $800 million in equity and a $250 million revolving credit facility, raising the company's valuation to $13 billion. The fresh capital will fund production of Castelion's Blackbeard hypersonic missile and development of a larger hypersonic strike weapon and air-defence missile. Military leaders seek more hypersonic weapons to match China's growing arsenal, whilst the Pentagon requires increased production of traditional defensive systems like Patriot missiles. Castelion, founded by three SpaceX alumni, has invested roughly $250 million building a New Mexico production campus and is searching for a new factory site.
JPMorgan Chase has opened an 11,765 square foot flagship location on Chicago's Magnificent Mile, combining a street-level Chase branch with the city's first co-located J.P. Morgan Financial Centre upstairs. The bank's shares closed at $363.25, reflecting strong momentum with a 90-day return of 20.29% and a one-year total shareholder return of 27.37%. Analysts currently place the bank's fair value at $373.86, suggesting it trades approximately 2.8% below intrinsic value. The firm's diversified business model, spanning corporate and investment banking, cards, asset and wealth management, alongside international expansion, positions it for stable earnings growth across economic cycles. However, JPMorgan Chase faces pressure from fintech competitors and stricter capital regulations that could impact costs and profitability going forward.
Wells Fargo analyst Mike Mayo predicts JPMorgan Chase will become the first bank to reach a $1 trillion market capitalisation. He raised his price target to $375, implying over 7% upside from the stock's close on 14 August at roughly $965 billion market value. JPMorgan shares have climbed 21% over three months, driven by record second-quarter net profit of $21.1 billion, up 41% year-on-year. Equities trading revenue surged 86% to $6 billion, boosted by dealmaking and new listings including the SpaceX IPO. The stock trades at about 15 times earnings, well below technology companies already above $1 trillion. The bank needs only a 3.5% rise to cross the milestone, a threshold no lender has reached before.
EXL, a global data and AI company, has closed a new $1 billion senior secured credit facility with PNC Bank as administrative agent and a syndicate of lenders. Bank of America, JPMorgan Chase Bank, and TD Bank served as joint lead arrangers. The facility increases EXL's borrowing capacity from $600 million and includes a $400 million term loan and up to $600 million in revolver borrowings. The five-year agreement includes an accordion feature allowing expansion equal to the greater of $470 million or 100% of trailing four-quarter EBITDA, expiring on 18 August 2031. Chief financial officer Maurizio Nicolelli said the expanded debt capacity provides flexibility for targeted mergers and acquisitions whilst continuing to return capital to shareholders under the company's $500 million share repurchase authorisation.
ByteDance has attracted over $30 billion in orders for a $20 billion offshore syndicated loan, representing 1.5 times oversubscription. The three-year facility, extendable to five years, marks the TikTok parent company's largest syndicated loan to date. This continues ByteDance's pattern of scaling up its borrowing. The company debuted in the syndicated loan market in 2019 with $1.335 billion and closed a $10.8 billion facility in 2024. Major international banks, including Citigroup, Goldman Sachs, and JPMorgan, have participated in previous rounds. ByteDance has raised its 2026 AI capital expenditure budget to over CNY 200 billion (approximately $30 billion), a 25% increase. The spending will enhance ByteDance's AI capabilities and support domestic chip manufacturers amid US semiconductor export restrictions. The strong lender interest comes despite ongoing US scrutiny of TikTok's ownership structure and data practices.