In this article, we'll go over what to expect during JP Morgan interviews and how to get ready. Based on a review of more than 100 JP Morgan interview reports from actual candidates for analyst posts that were taken over some years, this guide's material was created. JP Morgan places a lot of emphasis on "behavioral" inquiries (as do Goldman Sachs and Morgan Stanley). Hence, if you wish to focus your study efforts, pay great attention to the questions section that follows.
J.P. Morgan is a global financial holding firm based in the United States. It is the industry pioneer in financial services and provides institutions, businesses, and governments with solutions. New York is where its headquarters are located. The biggest bank in the country is this one. The goal is to distribute $1.75 billion in charitable resources globally by 2024, as JP Morgan stated previously in 2018.
Here we’ll cover what you can expect at each stage of JP Morgan's Interview process. For your easy understanding, we have segregated the article into sections:
The candidates must go through a rigorous hiring process at JP Morgan. JP Morgan evaluates a candidate's technical, logical, and analytical skills. JP Morgan's interview rounds typically consist of the following 4 rounds:
1. Online Assessment: The J.P. Morgans online evaluation typically has the following two sections:
Questions about aptitude and general ability are included in this part to gauge a candidate's capacity for logic. There are typically 30 questions in this round.
Coding inquiries: Two simple to medium-difficulty problems. You are ready to go for this round if you have well-prepared data structures and algorithms.
2. Technical Interview: Applicants are invited to the technical interview if they were able to pass the online exam. JP Morgan typically uses the HIREVIEW platform for this round. In this round, project-related questions predominate. Ensure you are familiar with every facet of your project. Also, you must be well-versed in computer basics like operating systems, DBMS, OOPS, and networking. In this interview round, the previous employment history of the experienced candidates is also covered.
JP Morgans frequently asks questions about Keys (Primary, Secondary, Candidate, Alternative, and Super) in the database management system, as well as about Deadlock, Multiprogramming, Multithreading, etc. in the operating system.
Typically, during this procedure, each candidate must pass one technical interview.
3. Behavioral Interview: JP Morgan's behavioural interviews are designed to assess your prior actions and experiences in relation to the situations you will face in the job description for which you have applied.
The following categories of questions are included in this round:
Explain a situation in which you had to cooperate with a challenging team member.
Describe an occasion when you had a good impact on a project. How did you assess your progress?
Give me an example of a time when a project didn't go as planned and describe what you did to get it back on track.
Through hackathon:
Via the "Code For Good Hackathon," JP Morgan also makes hires. It is a 24-hour hackathon where you must work with other applicants to create cutting-edge technological solutions for nonprofit organizations. You are assessed by the mentors during this procedure.
4. The HR Interview
The HR round often comes following the technical and behavioral interview round. The organization aims to determine whether the candidate is a cultural match during this round. The JP Morgan HR interview round is a significant interview phase that candidates should not undervalue. Even though the HR interview round is thought to be the simplest, you still need to be well-prepared.
Based on your resume, the interviewer will ask you questions. As a result, be sure to include information in the CV that is accurate to the best of your knowledge.
An object-oriented model allows object-oriented ideas to be used throughout the whole software development cycle. In an object-oriented approach, we consider the issues using models based on actual issues.
The object-oriented model's primary goal is:
If you want to enrich your career and become a professional in Oracle Financials, then visit Mindmajix - a global online training platform: "Oracle Financials Training" This course will help you to achieve excellence in this domain. |
Thread
The part of a process known as a thread.
In general, threads finish more quickly.
While changing the context, takes less time.
Thread shares memory.
Its creation requires less time.
Process
A procedure is the act of putting a program into action.
The duration of the process is considerable.
While switching between contexts, takes longer.
The process is solitary.
Its creation will take more time
In the context of classes, inheritance refers to a class's capacity to take on the traits and properties of another class. One of the most crucial ideas in Object-Oriented Programming is inheritance (OOPS).
The current class is used to build new classes in this procedure. The existing class is referred to as the parent class or base class, and the newly generated class is referred to as the derived class.
Different inheritances: Single inheritance: Just one class may derive from one class in this sort of inheritance. In other words, one derived class is said to have inherited properties from the base class.
Multiple inheritances: In multiple inheritances, a class is allowed to inherit from more than one base class. Multiple inheritances are supported by some programming languages, such C++, but not by others, like Java. But, we may achieve many inheritances in Java by using an interface.
Multilevel inheritance: A derived class inherits from another derived class under multilevel inheritance.
Many derived classes inherit from a single base class when inheritance is done in a hierarchical manner.
Hybrid inheritance: Virtual inheritance is another name for hybrid inheritance. It combines several different inheritances. For instance, we can mix several inheritances with hierarchical inheritance.
A bus topology is a configuration of devices in which every computer or piece of equipment is linked to a single data line. Data is sent from one location to another (One-way flow).
To combine two or more sets into one set, use the SQL statement union. The select statements make it simple to merge two searches into a single result set.
Syntax:
Query1 UNION Query2
Example:
Consider that we have two tables:
Organization1
Employee Name | Employee ID |
Rahul | 7 |
Amit | 11 |
Sumit | 18 |
Organization2
Employee Name | Employee ID |
Anita | 14 |
Priyesh | 24 |
Harshit | 25 |
SELECT Employee_Name from Organization1 UNION SELECT Employee_Name FROM Organization2
Result:
Employee_Name |
Rahul |
Amit |
Sumit |
Anita |
Priyesh |
Harshit |
Here, we have used two different tables for extraction of rows but the column specified for extraction is the same for both. Like UNION, we will get an error if different columns are used. It is important to note that the data type specified also must be the same for both queries. Note that the result of UNION contains distinct values only.
Union ALL is also an SQL command and it is also used to join two or more sets into a single set (like UNION). The only difference between UNION and UNION ALL is that UNION marks distinct entries only, whereas the result of UNION ALL may contain duplicate values as well.
Example:
Consider that we have two tables:
Organization1
Employee_Name | Employee_ID |
Rahul | 7 |
Amit | 11 |
Sumit | 18 |
Organization2
Employee_ Name | Employee_ID |
Anita | 14 |
Sumit | 11 |
Harshit | 25 |
SELECT Employee_Name from Organization1 UNION ALL SELECT Employee_Name FROM Organization2
Result:
Employee_ Name |
Rahul |
Amit |
Sumit |
Anita |
Sumit |
Harshit |
Although we have used two separate tables in this case to extract the data, both have the same extraction column selected. If separate columns are used, we will see an error similar to UNION. It's vital to remember that both queries must provide the same data type. Keep in mind that the outcome of UNION ALL may also include duplicate values.
A member function that is declared within a base class and defined (or overridden) under a derived class is known as a virtual function.
A virtual keyword can be used to declare a virtual function. The compiler is instructed to perform dynamic binding on that function.
It is not possible to define a virtual function static.
Super Key
Primary Key
A class known as a singleton can only hold one item at a time. If you then attempt to create another Singleton class object, the new variable will also point to the initial object you generated. The variables of the single produced instance are therefore affected by any changes you make to any variable inside the class through any object.
An object-oriented model allows object-oriented ideas to be used throughout the whole software development cycle. In an object-oriented approach, we consider the issues using models based on actual issues.
The following is the object-oriented model's primary goal:
When two or more processes wait for each other to finish but never do, the situation is said to be in a deadlock (More specifically, they wait for the resources being held by the other).
Let's think about a situation where there are three distinct resources. Resources 1, 2, and 3 as well as Processes 1, 2, and 3 are three distinct resources. Process 1 receives Resource 1, Process 2 receives Resource 2, and Process 3 receives Resource 3. After some time, Process1 requests the Resource1 that Process2 is utilizing. Process1 halts or ceases operation because Resource2 is required for completion. Resource3 is being used by Process3 and is required by Process2 as well.
Similar to Process3, Process1, and Process2 suspend their operations since they are unable to function without Resource3. Moreover, Process3 requests Resource1, which is used by Process 1. Process3 eventually comes to an end as well.
The following is a list of the four prerequisites for deadlock:
Mutual Exclusion: It asserts that two uses of a resource may be mutually exclusive. It signifies that more than two processes cannot share a resource at once.
Hold and Wait: While holding another resource, a process waits for a resource that is being held by another process.
No preemption: A resource cannot be released until a process is finished.
Circular wait: It is a logical extension of hold and wait. It claims that every process is set up in a cyclical fashion. The next immediate process holds the resources, and each process in the cyclic list waits for them.
For instance, if there are N processes overall and P[i] is one among them, P[i] will wait for the resource allotted to P[i]% (N + 1) process.
This topic is frequently used during interviews to gauge how effectively you handle new obstacles and how well you show flexibility and adaptation under pressure. Answering this question in the following manner will use the STAR method:
Our staff recently received a new client with a reputation for being quite demanding who had just transferred from another bank. The client wanted to change the direction of her assets, thus she needed a lot of investigation evaluating various investment choices.
Our team was asked to give the new client full onboarding assistance in addition to some accelerated account analysis that would generally not be given until later in the year.
We initially contacted the senior banker on the account to make sure we knew the crucial information the client would be seeking because we had a number of new team members. Along with my coworkers, I came up with a list of the preliminary inquiries and worries we wanted to address. We also asked for assistance from more seasoned colleagues and requested to see examples of comparable work completed for other clients.
As part of the team, it was my obligation to conduct the preliminary study of the client's existing investments and to produce a presentation presenting our suggestions. I was also in charge of making sure the senior banker gave me feedback before the client's next appointment.
Although some new follow-up items were discussed at the client meeting, the client was happy with our analysis and how thorough we were. She recognised that we had given her more details and advice than her previous bank had.
Although most jobs include some risk, interviewers are looking for signs of your appetite for it and how you make decisions under pressure.
I've taken a chance on a few occasions by asking a team member to lead a customer presentation rather than doing it myself. My team members should have experience sitting in the "hot seat" when making presentations to clients, in my opinion. It bolsters their confidence and aids in their development as bankers.
So when I offer Associates for this job, I don't just yank them at the last minute. I provide coaching along the way, let them know what I'm thinking, and give them time to get ready. They are trained and prepared when they enter the room. It also demonstrates to our clients our impressive talent.
Input Format:
You are required to complete bool hasCycle(ListNode* head) function.
Output:
True: If loop or cycle is present
False: Otherwise
Constraints:
1 <= Number of nodes in both the lists <= 10^5
-10^5 <= Node.Val <= 10^5
Time Limit: 1 sec
Sample Input 1:
Sample Output 1:
True
Sample Input 2:
Sample Output 2:
False
To solve this problem, you need to go back to your high school physics. Let us consider a scenario in which you and one of your friends are running on a circular track but with different speeds. You both started running at the same point initially. Now a moment would come when you both again meet at some position.
We can use this concept to solve this problem.
Source Code:
/**
* Definition for singly-linked list.
* struct ListNode {
* int val;
* ListNode *next;
* ListNode(int x) : val(x), next(NULL) {}
* };
*/
class Solution {
public:
bool hasCycle(ListNode *head) {
/*
slow pointer moves one step forward at a time
fast pointer moves two step forward at a time
*/
ListNode* slow = head;
ListNode* fast = head;
/*
Iterating using do while loop to check
*/
do
{
/*
Since, fast pointer moves faster
hence if loop is not present in the linked list
then it will the first to encounter NULL
*/
if(!fast)
return false;
/*
Otherwise we will move slow pointer and fast pointer
one step forward
If fast pointer is not NULL then we will move
fast pointer again one step forward
Otherwise, we would return false
*/
slow = slow -> next;
fast = fast -> next;
if(fast)
fast = fast -> next;
else
return false;
}
while(slow != fast);
/*
If everything remains fine that it means both pointers
now point to the same node
Hence, we will return true
*/
return true;
}
};
Related Article: Linked List Interview Questions
Union is an SQL command and it is used to join two or more sets into a single set. Two queries can be combined easily into a single result set using the select statements.
Syntax:
Query1 UNION Query2
Example:
Consider that we have two tables:
Organization1
Employee_Name | Employee_ID |
Rahul | 7 |
Amit | 11 |
Sumit | 18 |
Organization2
Employee_ Name | Employee_ID |
Anita | 14 |
Priyesh | 24 |
Harshit | 25 |
SELECT Employee_Name from Organization1 UNION SELECT Employee_Name FROM Organization2
Result:
Employee_Name |
Rahul |
Amit |
Sumit |
Anita |
Priyesh |
Harshit |
Although we have used two separate tables in this case to extract the data, both have the same extraction column selected. If separate columns are used, we will see an error similar to UNION. Remembering that both queries must provide the same data type is vital. Keep in mind that the UNION result only contains distinct values.
To combine two or more sets into a single set, use the SQL statement union ALL (like UNION). The main distinction between UNION and UNION ALL is that UNION only flags different items, but UNION ALL's output may also include duplicate values.
Example:
Consider that we have two tables:
Organization1
Employee_Name | Employee_ID |
Rahul | 7 |
Amit | 11 |
Sumit | 18 |
Organization2
Employee_Name | Employee_ID |
Anita | 14 |
Sumit | 11 |
Harshit | 25 |
SELECT Employee_Name from Organization1 UNION ALL SELECT Employee_Name FROM Organization2
Result:
Employee_ Name |
Rahul |
Amit |
Sumit |
Anita |
Sumit |
Harshit |
Although we have used two separate tables in this case to extract the data, both have the same extraction column selected. If separate columns are used, we will see an error similar to UNION. It's vital to remember that both queries must provide the same data type. Keep in mind that the outcome of UNION ALL may also include duplicate values.
Related Article: SQL Server Interview Questions
With the merge sort algorithm, we can quickly sort the array.
Time Complexity: O(N Log N), where N is the array's total number of elements.
O(1) for space 2. Three variables:
Three variables, zero, one, and two, can be made. Initialized to 0 for all. Now that we have iterated over the numbers, we will increase zero by one if the current element is zero or one by one if it is one; otherwise, we will increase two by one.
Then, we'll go through the numbers one more time, starting to assign 0 at locations and decreasing the value to zero till and unless it equals 0, and then we'll repeat the process for one and two.
The complexity of Time: O (N) where N is the array's size in elements.
The complexity of Space: O (1)
3. The Dutch National Flag algorithm, despite the fact that it requires O(N) time. Yet, there are situations when the interviewer stipulates that the problem must be solved in a single step.
Initialize the low, mid, and high three-pointers as 0, 0, and N - 1 correspondingly.
We shall repeat the process till the mid is less than high.
We shall swap the components at the places low and mid if at any point the value of nums at the index mid is equal to 0. We will also increase low and mid by one.
Otherwise, we shall swap the values at locations mid and high if the value at index mid is equal to 2. Moreover, we will reduce the value of the high
If not, we will increase the mid's value by one.
We will be able to sort the supplied array in this manner, but only once.
Source Code:
class Solution {
public:
void sortColors(vector<int>& nums) {
/*
0 ... low - 1 : 0
low ... mid - 1 : 1
mid ... n - 1 : 2
*/
// Get the size of the given vector
int n = nums.size();
// Initialize three variables
int low = 0, mid = 0, high = n - 1;
// Iterate till mid is less than or equal to high
while(mid <= high)
{
/*
If the value stored at
mid is zero
then swap value stored at mid
with the value store at low
increment low and mid by one
*/
if(nums[mid] == 0)
{
swap(nums[mid], nums[low]);
mid++;
low++;
}
/*
Else if the value stored at
mid is 2
then swap value stored at mid
with the value store at high and
decrement the high variable by one
*/
else if(nums[mid] == 2)
{
swap(nums[high], nums[mid]);
high--;
}
/*
Else increment mid by one
*/
else
mid++;
}
// At the end nums will become sorted
}
};
Your interviewer wants to know why you would choose to work for their business over any other. Mention your primary area of interest in their business.
"JP Morgan is one of the world's leading providers of financial services, providing solutions to the most significant governments, corporations, and institutions in the globe. I think that working for your organization will be advantageous for both me and the business. For all sides, this will result in a win-win situation. I want to be a member of the JP Morgan team, which is excellent at ensuring that all the financial services required by businesses, governments, and institutions are met.I still have room to improve my abilities by learning from you because I am still young and active. Once more, I'd like to work with your firm to achieve its objectives by providing effective services that delight clients. Finally, I would be happy to use the knowledge I have acquired to my advantage in order to support my family and earn a living.”
The interviewer is interested in learning about your knowledge of the business. Briefly describe the company's past.
J.P. Morgan established JP Morgan in 1871 as a commercial and investment banking organization. It served as the forerunner to three of the biggest banks in the world: JPMorgan Chase, Morgan Stanley, and Deutsche Bank (via Morgan, Grenfell & Co.) For JP Morgan Chase's investment banking business, JP Morgan was used as the brand name.”
You are being asked by the interviewer what attitudes and priorities a JP Morgan employee should have.
"One of the main goals for many people in the financial market industry is to work for JP Morgan Company. The institution's stellar record demonstrates that the staff is doing an outstanding job of ensuring that all businesses, organizations, and governments are taken care of financially. Of course, a JP Morgan employee should be concerned with assisting the business in meeting the needs of its clients. As there are numerous consumers that require financial services, one should constantly be able to operate under pressure. Remembering the company's offerings is crucial because the majority of clients will ask about JP Morgan's services.”
You are being asked about your prior employment experiences by the interviewer. Share where you've worked and how long you've been there.
"I worked as an accountant in a financial institution after earning my university degree in accounting and finance. I talked to a lot of seniors there, and I also learned a lot. I was able to acquire expertise in this subject. The only concerns were dealing with numbers and ensuring all the banking services were functioning properly. After six years of service with this institution, my contract was up. All that is required for this post is six years of experience. JP Morgan only needs to be strong in accounting and finance. I am confident that I will offer the business the greatest services that I have developed through my experience and education.”
Since you are qualified for the position and have relevant experience, the interviewer may test your ability to anticipate challenges by asking you questions like these. Describe a significant obstacle that you believe could have a detrimental impact on this industry.
“The financial market is seriously threatened by cybercrimes, which JP Morgan Company uses technology to counter. Every day, cybercrimes are committed. While financial institutions are making significant investments in cyber security, there are still openings that fraudsters and hackers are taking advantage of to steal large sums of money from individuals and even major financial markets like JP Morgan. The institution can find that it has lost significant money to frauds if it doesn't keep updating its systems to stop cybercrimes.”
Why should they pick you over the other applicants, the interviewer is inquiring. Describe your special abilities, background, and accomplishments.
"A well-versed professional with extensive knowledge of financial and general worldwide markets is required for this position. It is not a position for beginners. I believe I am the candidate you are searching for because I previously worked for a busy financial organization that emphasized achieving its goals and objectives. Also, the techniques I picked up from my prior position will enable me to provide your institution with the best services possible. I already know what is expected of me, therefore, only a few training exercises are needed. I sincerely hope you will see the experience I have gained as a benefit to me.”
The interviewer is interested in learning how you might assist the business in resolving client issues. Inform them of your professional plan for handling the matter.
How would you use your abilities to alter the culture at JP Morgan? is the interviewer's question. Discuss how you would use them to improve the business.
“One of the largest businesses that have maintained a positive culture through its workforce is JP Morgan Company. JP Morgan has also maintained positive relationships with other businesses, organizations, and governments. What we need to do is accept the culture and make improvements where they are needed. I would be thrilled to improve the functioning of the organization with the knowledge and abilities I have acquired through experience. Second, I will make JP Morgan Company's culture engaging by applying the knowledge I learned from my college and university studies. This would be a fantastic approach to raise business performance.Lastly, I would employ new techniques and strategies that may help improve the culture of the JP Morgan institution.”
According to your knowledge, define the financial market for the interviewer. Explain the financial market in detail.
"Any market where trading in securities takes place, including, but not limited to, the stock market, bond market, FX market, and derivatives market. For capitalist economies to run smoothly, financial markets are essential.”
The interviewer is interested in learning about your understanding of various stock markets.
“Stock markets, over-the-counter (OTC) markets, bond markets, money markets, FX markets, cryptocurrency markets, and commodities markets are the main stock markets.”
The interviewer is interested in learning about your abilities. Specify the responsibilities that you can handle in this field.
"The tasks and obligations I can take on for your business are;
The interviewer wants to know if you have done any background research on the organization you are interested in working for.
“The JP Morgan mission statement is to be the best financial services company in the world.”
The interviewer wants you to explain the objectives of the financial systems.
"Financial systems strive to accomplish goals. These include;
Your understanding of the financial systems is being tested by the interviewer. Explain to them the components of financial systems.
Sample Response
"The system's constituent parts are;
1. Financial institutions - Here, investors and debtors can interact. With financial instruments and investments in the financial markets, the latter investment is put to use in a variety of industries.
2. Financial markets - In these markets, the creation and transfer of financial assets both include the trade of those assets. A real transaction is different in that there is no actual money exchanged during the procedure. The transaction process uses deposits, loans, and other financial assets rather than goods or services. And the financial market is made up of these four components:
I think working for your organization will benefit both me and the business. For all sides, this will result in a win-win situation. I want to be a member of the JP Morgan team, which is excellent at ensuring that all the financial services required by businesses, governments, and institutions are met.
People have reported that the interview at JPMorgan Chase & Co is medium. The interview process takes about a month. People have rated the overall interview experience as favorable.
Generally, it consists of three rounds, but this process can take up to 2 months.
So the candidates who have completed 10th, and 12th ITI, Diploma, Degree (B.E), B.Com, M.Com, MBA, CA, and Finance-related degree are eligible to apply for this recruitment. Most of the time JPMorgan Chase Bank Recruitment team requires minimum degree candidates to fill their career vacancies.
The estimated take-home salary of an Intern at JP Morgan Chase ranges between ₹ 53,813 per month to ₹ 55,155 per month in India.
Why do you think you would be a good fit at JPMorgan? What do you see yourself as in the next 2 years? Where would you like to be in your career five years from now? Tell us about a situation where you had to use your communication skills
JPMorgan Chase interviews can be exceptionally difficult, as you might anticipate from an industry leader. Your chances of success are already increasing because you stood out from the competition and advanced to the interview stage.
Now that we have summed up the topic for you, we suggest you enroll yourself in the JP Morgan certification training course available on our platform for in-depth knowledge on this topic. If you happen to come across a doubt, please don't hesitate to drop a query. If you want to enrich your career and become a professional in Oracle Financials, then visit Mindmajix - a global online training platform: "Oracle Financials Training" This course will help you to achieve excellence in this domain.
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Madhuri is a Senior Content Creator at MindMajix. She has written about a range of different topics on various technologies, which include, Splunk, Tensorflow, Selenium, and CEH. She spends most of her time researching on technology, and startups. Connect with her via LinkedIn and Twitter .