Fast Track: A-Z of Employers J P Morgan

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The Independent Culture
Age: 150.

History: The American George Peabody established his merchant bank at Moorgate in the City of London in 1838, and it was renamed after Peabody retired and was replaced by his partner Junius S Morgan. Later, his son - J Pierpont Morgan - moved the bank's focus to the United States, helping to finance and thus create many of today's conglomerates, including AT&T, US Steel and General Electric.

Address: Corporate offices are at Wall Street, New York City. In London, headquarters are at Victoria Embankment, and there are a further 50 offices in 33 countries.

Ambience: Renowned for - and fiercely protective of - its reputation, the bank, known as "Morgan" to those who work for it, is both traditional and dynamic, although like other prestigious City institutions, it can be more than a little sniffy when it comes to guarding its own image.

It has a set of guiding principles: high ethical standards, respect for colleagues, helping employees realise their potential, meritocracy and continuous improvement.

Those who like a high-powered, glamorous and highly professional environment will revel here.

Vital statistics: The bank has more than 16,000 employees on six continents, and $11bn in equity capital.

Lifestyle: As befits a meritocracy, the bank's employees can expect to rise rapidly through the ranks if the talent and drive are there.

There's an emphasis on taking responsibility early, and opportunity to travel and transfer to different departments.

Graduates are encouraged by the bank to get to know each other. They are even introduced to new recruits from other JP Morgan offices, with the stated intention to build peer networks throughout the firm.

Easy to get into? Graduates are recruited for the bank's several divisions, including investment banking (up to 64 recruits); asset management (30 recruits); internal consulting (up to 60 recruits) and IT (up to 40 recruits).

Academic excellence and evidence of personal achievement are a good start for candidates.

Those who want to get ahead will try for a coveted place on the firm's summer 10-week internship programme in London, which takes on recruits from around Europe. This includes formal presentations and informal events, and is a good chance to earn both Brownie points and a fair amount of cash.

Glittering alumni: The chairman of the bank's Asian unit, Peter Woicke, has just been appointed chief executive of the World Bank's International Finance Corporation (IFC), an organisation that aims to further private enterprise in the developing world.

Pay: Graduates start on about pounds 25,000, with rates rising depending on progress.

All the usual perks are on offer - including pension, profit-sharing bonus and medical insurance.

Training: The company has an extensive training programme for each graduate: some may be sent to New York, others will have more concentrated on-the- job training.

For more details on how it all works, take a look at the firm's website: www.jpmorgan.com

Facilities: There's a subsidised restaurant and discount on gym membership.

Who's the boss? The chairman is Douglas "Sandy" Warner, based in New York. Joseph MacHale oversees European operations, and is based in London.

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