What does JP Morgan Company do? This is a global leader in financial services offering solutions to the world’s most important corporations, governments, and institutions.
Below are the top 20 interview questions and answers that you could be asked when attending a JP Morgan interview. Also, there are sample answers that will guide you on how you are supposed to answer the questions.
1. Why Are You Interested In Working for JP Morgan Company?
Your interviewer expects you to tell them why you would choose to work for them and not any other company. Talk about your main interest in their company.
“JP Morgan is one of the world’s global leaders in financial services offering solutions to the world’s most important corporations, governments, and institutions. I believe that working in your company will benefit the company and me too. This will be a win-win situation for both parties. I want to be part of the JP Morgan team that is doing a great job by ensuring that all the financial services the corporations, governments, and institutions are catered for. Considering that I am still young and energetic, I still have room to sharpen my skills through learning from you. Again, I would like to help your company reach its goals through efficient services to satisfy customers. Lastly, I would be delighted to earn a living and support my family through using the knowledge that I have gained to earn a living.”
2. What Do You Know About JP Morgan Corporate?
The interviewer wants to know what you know about their company. Give a brief history of the company.
“JP Morgan was a commercial and investment banking institution founded by J. P. Morgan in 1871. It was a predecessor of three of the largest banking institutions in the world, which are JPMorgan Chase, Morgan Stanley, and Deutsche Bank (via Morgan, Grenfell & Co.) JP Morgan was used as the brand name for JP Morgan Chase Investment banking operations.”
3. What Qualities Do You Think Fits A JP Morgan Staff Employee?
The interviewer wants you to tell them what attitudes and focuses should a JP Morgan employee have.
“Working for JP Morgan Company is one of the biggest dreams that many people in the financial market sector would want to work for. The excellent performance by the institution shows that the employees are doing a great job of ensuring all the corporations, institutions, and governments are financially taken care of. Of course, a JP Morgan company employee should be focused on helping the company meet its customer’s needs. One should always be able to work under pressure since there are a lot of customers who need financial services. Again, knowing the company’s services is important since most clients will be inquiring about JP Morgan company’s services.
4. Tell Us About Your Experience Working In A Closely Related Field
The interviewer wants you to talk about your previous work experiences. Talk about where you have worked and for how long.
“After completing my university degree in accounting and finance, I was employed in a financial institution as an accountant. In that institution, I interacted with many seniors, and I learned a lot. I was able to gain experience relevant to this field. It was all about dealing with numbers and ensuring that all the banking services were in order. I worked for this institution for six years, and my contract expired. Having gained six years of experience is all that this role needs. Especially in finance and accounting is all that JP Morgan needs. I believe that I will give the company the best services that I have learned from the University and experience.”
5. What Is Your Biggest Strength
The interviewer wants to know what it is that you think that you are best in. Talk about any quality that you think it’s relevant to this role.
“As far as my biggest strength is concerned, I would prefer to say that working as a team is my biggest strength. I prefer working with hardworking people and have one major goal to attain. This makes me feel that people are backing me up toward the success of the company I work for. I always work best in teams. I believe I will get a nice team in your company to work with.”
6. What Is The Biggest Challenge That You Foresee In This Role
Since you have experience or knowledge in this role, the interviewer might ask you these questions to see whether you can research and predict future challenges. Talk about a big challenge that you think might affect this field negatively.
“JP Morgan Company uses technology to prevent cybercrimes which is a major threat to the financial market. Cybercrimes are committed every day. Although financial institutions are heavily investing in cyber security, there are still loopholes that hackers and fraud stars are using to steal a lot of money from people or even from big financial markets like JP Morgan. If the institution doesn’t continue updating its systems to prevent cybercrimes, it might find itself having lost a huge amount of money to frauds.”
7. How Do You Stay Motivated In Your Work?
The interviewer wants to know what your daily motivation is. Consider talking about achievements and meeting your expectations as your motivation.
“Helping my company achieve its goals is all that motivates me. Every time I get to work, I have to remember that I am working towards a certain goal, and so I should get motivated to work towards it. Nothing motivates me more than meeting my company client’s expectations. Whenever I see businesses increasing their profitability due to the strategies that I have put in place, I always feel that I am doing a great job that is helping my company grow. This always makes me feel that I want to do it again and again.”
8. Tell Us About Yourself
Your interviewer wants to know more about you. Talk about your career development briefly.
“Firstly, my name is John and I am 27 years old. For the past 5 years, I’ve worked as an accountant in a financial institution based in New York, USA. I have some background in finance and accounting, with a degree from the University of Texas at Austin. Throughout my career, I’ve noticed that I’ve always been good at overseeing daily transactions to be certain that books balance at the end of the day, meaning there is a credit for every debit and vice versa. Also, I am interested in keeping tabs on cash on hand to ensure the bank has a sufficient amount to handle daily customer requests. Moving forward, I hope to expand my experience across different industries. I hope to be exposed to different duties and responsibilities that I should take care of in your institution.
9. Why Do You Feel You Are Most Suitable For This Role?
The interviewer is asking why you feel that they should choose you over the other candidates. Talk about the unique qualities, experience, and achievements that you have.
“This role needs a well-experienced individual who knows a lot about financial and global markets at large. It is not an entry-level job. Having worked at a busy financial institution with a lot of focus on meeting its goals and objectives, I think I am the candidate you are looking for. In addition, the strategies that I have learned from my previous role will help in offering the best services to your institution as well. Since I already know what is expected of me, a few pieces of training will be required. I hope that you will consider the experience that I have received as an added advantage to me.”
10. How Can You Manage Projects From Start Till The End?
The interviewer wants to know how you can manage the projects assigned to you by the institution. Make sure that you show them how you are capable of doing projects with minimum supervision.
“Firstly, I am a well-organized individual. To make sure that I am a well-organized person, I make use of spreadsheets to ensure that everything is going well. I also use project management platforms and Excel sheets to manage a project depending on what the duty assigner has assigned to me. It is very important to use these tools since other colleagues can use them as a place to keep them in the loop on any deadlines or shifting obligations. In addition, it helps you manage every task assigned to you from the start till the end and follow up on deadlines you are given.”
11. How Would You Deal With A Complaint From A Customer?
The interviewer wants to know how you would help the company solve complaints raised by customers. Tell them how you would attend to the complaint professionally.
“Whenever there is a complaint from a customer, I would be very careful while handling it. This is the procedure I would use;
· Stay Calm. It might be extremely difficult to do, you must stay calm when handling a customer complaint.
· Listen. Frequently, if a customer comes to you with a problem, they want to be heard.
· Be Kind.
· Acknowledge the Issue.
· Apologize and Thank Them.
· Ask Questions.
· Make It Speedy.
· Document Their Responses.
· Follow up.”
12. Have You Ever Solved A Problem With Little To No Information, And How Did You Do It?
The interviewer wants to know when you were assigned a project with very little information about it, but still, you were able to compose yourself and do the project as expected.
“When I was a freshman in my previous role, the information technology officer assigned a project that he gave very little information about how it was supposed to be done. Instead of wasting his time by asking many questions, I reached out to someone from information technology and asked for samples of previously done work about projects assigned by the boss. He gave me at least four samples where I could get a picture of what my boss wanted. I got to work, and I was able to deliver a very good job, and the boss was very happy. This is a problem that I solved by doing my research and using strategies to complete quality work. ”
13. How Would You Change The Culture Of JP Morgan Company?
The interviewer wants to know how you would use your skills to change the culture in JP Morgan. Talk about how you would use them to better the company.
“JP Morgan Company is one of the biggest companies that have kept a good culture through its employees. Also, JP Morgan has kept a good relationship with many corporations, institutions, and governments. All we have to do is embrace the culture and improve on the areas that need improvement. I would be delighted to use the skills and experience that I have gained from experience to better the company’s performance. Secondly, I will use the knowledge I gained from my college and university studies to develop the culture of JP Morgan Company and make it an interesting one. This would be a great way to improve the performance of the company. Lastly, I would employ new techniques and strategies that may help improve the culture of the JP Morgan institution.”
14. What Is The Financial Market?
The interviewer wants you to define what the financial market is according to your knowledge. Give a clear definition of the financial market.
“Any marketplace where the trading of securities occurs, including the stock market, bond market, forex market, and derivatives market, among others. Financial markets are vital to the smooth operation of capitalist economies.”
15. Give Us The Main Types Of Stock Market
The interviewer wants to know your knowledge about the types of stock markets.
“The main stock markets are; stock markets, over-the-counter markets (OTC), bond markets, money markets, forex markets, cryptocurrency markets, and commodities markets.”
16. What Services Can You Offer To JP Morgan If You Were Recruited?
The interviewer wants to know what you are capable of doing. List the duties that you can perform related to this field.
“The duties and responsibilities that I can offer to your company are;
· Preparing accounts and tax returns.
· Monitoring spending and budgets.
· Auditing and analyzing financial performance.
· Financial forecasting and risk analysis.
· Advising on how to reduce costs and increase profits.
· Compiling and presenting financial and budget reports.”
17. What Is Cryptocurrency?
The interviewer wants to know your knowledge of the financial markets. Define cryptocurrency.
“This is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.”
18. What Is The JP Morgan Mission Statement?
The interviewer wants to know whether you have researched details about the institution you have an interest in working for.
“The JP Morgan mission statement is to be the best financial services company in the world.”
19. What Are The Objectives Of Financial Systems?
The interviewer wants you to tell them what the financial systems aim to accomplish.
“Financial systems have aims to reach. These aims are;
- To create structured payment systems
- To maintain market stability in the economic sector
- To give money the time value it deserves
- To reduce risk and compensate for the same through offering products and services
- To enable the most efficient economic resource allocation.”
20. What Are The Components Of The Systems?
The interviewer is testing your knowledge of the financial systems. Tell them what financial systems are composed of.
“The components of the system are;
1. Financial Institutions – This is where the borrowers meet the investors. The latter investment is utilized in various sectors through financial instruments and investing in the financial markets.
2. Financial markets – Here, the exchange of financial assets is involved in both the creation and transfer of the same. The difference with a real transaction is that there is no direct money involved in the exchange process. Instead of products or services, deposits, loans, and other financial assets are used for the transaction process. And the financial market is composed of four elements which are;
- Money market
- Capital market
- Foreign exchange market
- Credit market.”
JP Morgan is a big institution that is offering job opportunities to many. All you have to do is answer the questions confidently and show them that you are determined to help them achieve their goals. All the best!