GraduatesFirst Ltd. is not associated with J.P. Morgan Chase Bank. We provide preparation materials for J.P. Morgan Chase Bank candidate assessment.
JP Morgan Chase Bank rejects 80-90% of job applicants based solely on the results of online psychometric tests. You need to score above 70th percentile in their online aptitude tests to move on to the next recruitment stage.
If you are a professional or graduate looking for a job, internship or a graduate scheme, we want you to succeed. In the article below, we will provide you with a step-by-step overview of the best tips for successfully passing the JP Morgan’s candidate assessment process during recruitment: job application, online aptitude tests, assessment centre, and set of interviews.
You can also practice online aptitude tests with us to improve your scores and get above 90th percentile.
We are a team of experienced organisational psychologists and recruiters who worked for major aptitude test publishers, banks and multinationals. We share proven tips and examples of psychometric tests to help you pass JP Morgan’s assessment.
This is your 2021 guide to passing investment bank aptitude tests, assessment centre and interviews.
Do not miss this opportunity. Enjoy the learning and best of luck!
JP Morgan Chase is an American global banking and financial services holding company headquartered in New York City. It is a major provider of various investment banking and financial services. Employs almost 170 thousand employees and offers exceptional development opportunities.
Every year JP Morgan receive tens of thousands of job applications. Unfortunately for applicants, there are only a few job openings at JP Morgan and so the competition is extremely tough. In order to streamline the recruitment process, JP Morgan use online aptitude tests, often rejecting more than 60% of candidates, depending on the business line.
The JP Morgan recruitment process comprises of five different stages, each requiring you to do your best and outperform your competitors if you want to land your dream job. We are providing this step-by-step guide so you can benefit from expert tips for each of JP Morgan’s recruitment process, which is as follows:
This part of the recruitment process is your first chance to set a good impression and stand out from your competition. The online form will ask you to provide details of: your education and any academic results, work experience and potentially some motivational questions, depending on the business area you apply to.
Tip: Apply as early as possible. Applications are reviewed on a rolling basis, and so by doing so you increase your chances of progression to the next stage of the recruitment process.
It is very likely that this stage will also include some motivational questions, such as:
Why are you motivated to work at JP Morgan?
Why do you want to apply for this particular role?
Tip: In answering motivational questions, remember to be as precise as possible: refer to unique facts about JP Morgan that motivate you to work there, such as special awards it has received, CSR projects, etc. When describing why you want to apply for this specific role, mention the core skills required for this position and how these match both your previous experiences, and also personal interests.
assessment – Online aptitude tests
After you complete the online application form, you will find out whether you have progressed onto the next stage of the recruitment stage, which consists of online aptitude tests.
Depending on your line of business, these may include JP Morgan’s:
The difficulty level of the JP Morgan’s online tests will depend on the business area and position you applied to, so be sure to carefully read all the information in the aptitude test invite email.
A. JP Morgan’s Situational Judgement Test
JP Morgan’s Situational Judgement Test will provide you with a number of scenarios that you are likely to encounter when working at JP Morgan; it will require you to identify the best and worst courses of actions. You will need to use your common sense, and appreciation of what it takes to excel in a professional environment, in order to give satisfactory responses.
Tip: JP Morgan’s Situational Judgement Test is written in a way that makes all of the answers seem desirable. Always bear in mind which response is the most practical and demonstrates the key characteristics of an ideal candidate.
You will only need around 30 minutes to complete this test.
For more hints on how to pass a situational judgement test, visit our Youtube channel
JP-Morgan-style Situational Judgement Test Example
Since working at JP Morgan will require you to use numerical skills and ability to interpret data from tables and charts, the JP Morgan numerical reasoning test will examine your ability to understand a previously unseen passage – as well as its data. You will be required to perform basic GCSE Maths calculations.
Do not worry if you have not done Maths in a while! The complexity of this does not lie in the knowledge tested but in the time pressure and stress involved. When taking your numerical reasoning test, you will have less than a minute to read the question, analyse the data provided and perform the necessary calculations.
Tip: The only way to succeed is to take practice tests beforehand. By doing so, you familiarise yourself with the types of questions and become more confident. Learn how to manage your stress in a safe environment and you will not have to face rejection – just because you were unfamiliar with the process.
For more hints on how to pass a numerical reasoning test, visit our Youtube channel
If you are looking for a JP-Morgan-style numerical reasoning test with answers, worked-solutions and professional score reports including personalised tips based on your performance – then Graduates First has it covered.
JP-Morgan-style Numerical Reasoning Test Example
Check if you got the correct answer at the bottom of the page.
If you have successfully passed through the aptitude tests stage, you will be required to take part in the digital interview which consists of around 7-8 questions. You will be presented with questions and will have 30 seconds to read and analyse them. Then, you will have to record and submit your answer within 3 minutes.
Some lines of business will involve more traditional first-stage interviews, and these are conducted over-the-phone. Nevertheless, the types of questions you should prepare yourself for will be similar.
Tip: In case of a web interview, practice your responses to assess your tone and body language, by recording yourself or standing next to the mirror. Ask your friends how they would perceive you by showing them the video, and then make necessary changes.
Tip: 3 minutes is not a long time, so make sure that your responses are precise and clear! Focus on demonstrating your enthusiasm and motivation to work for JP Morgan. Prove that your communication skills are outstanding. This is your chance to impress the recruiters. Be creative and original!
You may also practice Video Interviews with GF and our AI-powered technology with questions, feedback and unlimited recordings. Find out more about GF’s Video Interviews.
This is almost the stage of the recruitment stage; so congratulations if you have made it this far. There are only a few things left before you land your dream job.
The JP Morgan assessment centre will be a chance for you to network with professionals working at JP Morgan, and learn more about the company. It is the perfect time for you to get a better insight into what it is like to work at JP Morgan.
However, you will still need to go through a few assessments to prove that you are an ideal candidate for the job. These might involve:
JP Morgan Group Exercise
This exercise will examine your ability to work as part of a team. Throughout this task, various JP Morgan employees will observe you and how you solve problems, when required to work with others.
It is important that you are confident to share and argue your ideas, but also be ready to contribute to somebody else’s input. Most importantly, speak clearly and do not interrupt anyone!
Tip: Try to persuade others towards your ideas and also ask critical thought-provoking questions; but only do so when it feels natural. You need to appreciate that other people on the team are just as important.
This task will ask you to prepare a response to a previously unseen case study problem. It will be provided in the candidate brief given to you.
Tip: Start by skimming through all the information in the candidate brief and then plan your response quickly. You should not start to answer before you form a clear idea for your response. Always check your spelling and watch the time – in many cases it might be better to miss one or two arguments in order to finish the task on time.
In this exercise you will be given around 20 minutes to work in a pair and analyse a set of information. You and your partner will then need to prepare your response. In the second part, your interviewer will play the role of a client and you will be representing JP Morgan. In this task, you will need to demonstrate your negotiation skills, teamwork and analytical thinking.
This stage of the recruitment process will consist of a number of one-on-one interviews with directors or senior managers from the business area you wish to join. These will be competency based, and will be a final chance for you to demonstrate your passion, skills and enthusiasm to work for JP Morgan. The questions are very likely to be technical and involve some knowledge of the area you are applying to. By this point, you should have already done extensive research about the company and: its place in the market, recent developments, technological changes – as well as learning as much as you can about the role you applied for.
At the end of interviews you will be given a chance to ask questions. You must definitely use this opportunity! This is a way of showing that you are interested and motivated, so prepare some thought-provoking and interesting questions beforehand. You can also ask your interviewer about their career path.
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