JP Morgan Aptitude Tests, Assessment Center, Hiring Process & Interviews Online Preparation – 2024
What Is JP Morgan?
JP Morgan Chase & Co. is a financial services institution that grew from several innovative financial institutions, some of which were established as early as 1799. These predecessors include JP Morgan & Co., The Chase Manhattan Bank, First National Bank of Chicago, and National Bank of Detroit. Today, it continues the long-established traditions of those institutions in investment banking, private banking, asset management, and wealth management.
Despite its strong roots in the American Northeast and Midwest, JP Morgan Chase has expanded its reach beyond its headquarters in New York City to Europe, Asia, South America, and the Middle East.
What Qualities Are JP Morgan Chase Recruiters Looking For?
JP Morgan Chase looks for the same dedication to progress that led to its widespread success when hiring new employees. In order to succeed in this financial institution, applicants should demonstrate the following qualities through their resume and in their interview:
- Strong work ethic
- Intellectual curiosity
- Analytical approach to problem solving
- Effective communication
- Awareness of financial market
- Understanding of finance industry
What Benefits Are Provided by JP Morgan Chase?
It is not without cause that JP Morgan Chase was rated among the top ten most attractive employers in 2024 by Universum. Aside from having a position in such a widely-respected institution, JP Morgan Chase offers a wide range of benefits to its full-time employees, including:
- Health insurance
- Dental insurance
- Vision insurance
- 401k retirement plan
- Discounted banking services
- Wellness programs
What Is the Hiring Process for JP Morgan Chase?
As with most companies, the recruitment process with JP Morgan Chase may differ depending on the role for which you apply. However, all applicants can expect the application and hiring process to follow roughly the same steps.
The online application for JP Morgan Chase will require you to provide information regarding your previous employment, education, and residential history information. In this stage, you will also upload a copy of your resume and all supporting documents. One important thing to remember to include is a cover letter: Your cover letter should explain in 1-2 pages why you are applying to JP Morgan Chase, why you are applying for this specific position, and why you are the ideal candidate for this position.
The online application also includes several required assessments, such as a situational judgment test. These required assessments are an integrated portion of the online application, so keep in mind that your application will be submitted until these assessments are completed. Altogether, the online application should not take longer than 40 minutes.
Phone or Virtual Interview
Depending on the branch and the position for which you apply, successful applicants will be contacted to schedule either a phone interview or a virtual interview. Regardless, this initial interview will primarily concern your technical knowledge for the position. Applicants may also be required to explain their motivation for applying to JP Morgan Chase, specifically.
If you are asked to schedule a virtual interview, you will receive a series of questions to answer. You will then record a video of yourself answering these questions via the platform HireVue. Keep in mind that for this type of interview, it is important to present yourself as you want your interviewer to perceive you. This means your appearance should be sophisticated and clean-cut, and your environment should be orderly and quiet for your recording.
If the phone or virtual interview is successful, you will be contacted to schedule an in-person interview. In-person interviews can take several forms: Applicants may be asked to take part in a collaborative exercise, to participate in a role-playing exercise, or to complete a written assessment (which is generally only two questions). If the position applied to involves coding, the applicant may also be required to take an additional coding assessment to demonstrate their technical aptitude. Depending on the department to which you have applied, you may be called in for 1-3 interviews.
This phase of the recruitment process will not apply to all applicants; not all departments participate in the Super Day. However, if you are asked to participate in Super Day, this will be your final round of interviews. Super Day will consist of 3-5 one-on-one interviews with various representatives of JP Morgan Chase. These interviews will take place over a period of several hours.
Before an applicant can officially begin employment with JP Morgan Chase, they will need to complete a series of pre-employment checks. For JP Morgan Chase, these include a background check, a credit check, fingerprinting, and a drug test. This stage also includes onboarding paperwork that must be completed before employment is official.
JP Morgan Online Assessments
The specific assessments applicants must complete is contingent on which position for which they have applied. However, all applicants can anticipate completing a verbal reasoning assessment, a situational judgment assessment, a logical reasoning exam, and a numerical reasoning assessment. Applicants for software engineering positions can also expect to complete a coding test.
Situational Judgment Assessment (SJT)
The situational judgment assessment is given during the initial application process. This test gives the test-taker a series of situations they would potentially encounter in the role for which they are applying. Each scenario given will ask you to choose the best reaction from a set of given responses by rating each of the given responses. While there are no right or wrong answers for this test, there is a certain set of characteristics recruiters at JP Morgan Chase will be looking for in an ideal candidate. Keep in mind the desired qualities listed earlier in this article. Click here to practice SJT sample questions.
Logical Reasoning Assessment
The logical reasoning assessment given during the JP Morgan Chase hiring process primarily tests for an applicant’s ability to recognize and extend patterns. Each question will present the test-taker with a series of numbers, shapes, or sets of shapes. The test-taker will then be asked to determine from given answer choices which number, shape, or set of shapes should come next in the series.
Verbal Reasoning Assessment
The JP Morgan Chase verbal reasoning assessment presents several short passages, each of which is followed by an inferred statement. The test-taker’s task is to determine whether the inferred statement is true, false, or if the information provided is not sufficient to make that determination. Ultimately, this exam tests for an applicant’s ability to draw evidence-based conclusions from written information.
Numerical Reasoning Assessment
The numerical reasoning test applicants encounter will assess their ability to make logical conclusions based on numerical data. Questions may consist of tables, charts, or graphs, which the test-taker must analyze and interpret in order to determine which of the given conclusions is most strongly supported by the data. These questions will require applicants to perform basic mathematical operations, determine ratios, and calculate percentages. Click here to practice a free numerical reasoning sample test.
If applying for a software or network engineering position with JP Morgan Chase, applicants will also be required to take a coding test. This assessment consists of 10 multiple choice questions, which will test the test-taker’s aptitude for the role and their technical knowledge. Ultimately, this exam assesses an applicant’s knowledge of data structure. More complex questions will generally be reserved for in-person interviews.
What Questions Might Be Asked During the Interview?
- Why did you apply to JP Morgan Chase?
- Where do you see yourself professionally in five years?
- What do you know about JP Morgan Chase?
- Explain how capitalization rates work.
- If you could create an app for people who know nothing about real estate, what would the app do? What features would it include?
- What have you done in your current/previous position to go above and beyond what was expected of you?
- Tell me something about yourself that I could not find in your resume or cover letter.
How to Prepare for JP Morgan Chase’s Assessment Test?
The key to success in any endeavor is preparation. In order to prepare for the assessments you will take as part of your JP Morgan Chase application, practice is key. Taking practice assessments will allow you to preview the types of passages and questions you will see on your JP Morgan Chase tests. These practice assessments may be taken several times, which will enable you to recognize the style of reasoning you will be asked to practice on the verbal, numerical, and logical reasoning assessments.
JP Morgan Chase recruiters will be looking for candidates who are poised, confident, and analytical. In order to portray yourself in this way, it is important to not only have prepared possible answers for interview questions ahead of time, but also to present a clean-cut, professional appearance. Business attire is ideal for these interviews, whether in-person or virtual. You should also have several copies of your resume on hand, as well as a few of your business cards, if you have them. Before leaving your interviews, ask your interviewers for their business cards, so you will have their contact information. This will allow you to reach them with any follow-up questions you might have. More importantly, however, it will enable you to send them a thank-you note after your interview, which shows initiative and an understanding of professional etiquette.