JPMorgan is ramping up its hiring of investment-banking analysts and associates in response to a 31% jump in deal fees and new work hour limits for juniors.
Despite a slowing market for hiring, JPMorgan Chase is in an off-cycle hiring spree, with postings for nine new junior investment bank roles in just two weeks.
An industry headhunter noted that internal referrals play a vital role in recruitment, as banks often hire through networks rather than solely relying on online postings.
A JPMorgan executive stated that the firm's hiring increase is mainly due to growth and deal flow rather than initiatives aimed at preventing junior banker burnout.
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