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JPMorgan has had enough of grads accepting future-dated roles elsewhere—and anyone caught will now be fired

  • JPMorgan has issued a strict warning to the next analysts, They stated that they would be expelled if they accepted another work offer within 18 months of joining, enhancing the vision of CEO Jimmy Damon that this behavior is immoral. This policy, which is aimed at the growing trend between American graduates, aims to protect the bank from conflicting interests and leakage of secret information, while making internal job progress more attractive.

The veteran in Wall Street explained his opinion: Graduates accept the role of the analyst in JPMorgan, but they intend to leave for private shares within a few “immoral” years.

A few months later, Jpmorgan told the postgraduate studies employees if they accepted the roles that were dated in the future.

An email sent by Philipo Guri and John Simons, the co -chair of international banking services at the largest bank in America, welcomed new graduates starting this summer with a strict warning: “If you accept a position with another company before joining us or during the first 18 months, your notification will be presented and you will be employed with the company.”

The logic was clear, to move forward in the financial giant, “Your full interest and your participation is necessary.”

In continuing the noble outlines for novice talent, the memo adds that training sessions, meetings and obligations are mandatory-if lost after that, again, the individual may be abandoned.

Email that tells new graduates that they will be left if they get another job that has not been sent to new employees in the United States, luck It is largely understood that the issue of accepting future roles is a problem in the United States more than it was in other geographical regions.

Although the memo did not explicitly stipulate the place where these future positions may be presented, the head of the bank, which has a height of about $ 730 billion, has clarified his ideas on this phenomenon clear.

“I know a lot of you working in Jpmorgan, you take a job in a private stock store before you start with us,” I told Diam Hosaf from University Business College students in September 2024.

Of course, the statement and the subsequent movement of feathers with PE, which represents a large part of the JPMorgan works.

But Damon stressed that the practice of novice analysts is mainly gained for experience with JPMorgan before jumping on the ship detecting the bank because employees may have secret information or vision.

Damon added: “He puts us in a bad situation, and puts us in a conflicting position.” “You are already working elsewhere, and you are dealing with very secret information from JPMorgan, and I don’t like it.”

Jpmorgan refused more comment on this week’s update.

Keep talent

Before updating this week, the bank has already occupied a strong position to move to another place.

The former regiments have been told that they were “obligated to reveal” the future roles with their managers.

The temptation of their graduates may be not only for one guaranteed role, but a next step after that, too much to wear it in the current job market.

Moreover, banks offer the search for talent to the extent that some are recruiting before students announce the specialization.

But speaking last year, Damon replied, “You will face such moral decisions. Think yourself.

“How will you feel if you are on the other side of this thing? Or do you want to treat this way? Is it fair?”

But amid a war of brightest minds in the future of financing, JPMorgan is making steps to make it more attractive to the talents coming to stay with the bank.

For example, analysts will now have the opportunity to upgrade to link within two and a half years of joining the training program, unlike the previous time frame for three years.

How long will these roles be enjoyed, though, after researchers at Stanford University and Boston Robot Intelligence Intelligence have been designed It can significantly enhance the returns of fund managers by canceling their governor, beating many human stocks.

“I do not think that sitting around it,” said Ed Dihan, a professor of accounting at the College of Graduate Studies at Stanford Business.luck.

This story was originally shown on Fortune.com

2025-06-06 11:23:00

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