Overview

• Incoming first-year analysts are warned that accepting future-dated job offers within 18 months will lead to termination.
• The policy applies to U.S. hires and prohibits missing training sessions for private equity interviews under threat of firing.
• CEO Jamie Dimon has condemned pre-start hiring by buyout firms as unethical and backed the memo’s strict enforcement.
• JPMorgan has shortened its analyst program to two and a half years to offer faster promotions and discourage early departures.
• Industry recruiters express doubt about the bank’s ability to police the ban, predicting many juniors will still court private equity roles.