JPMorgan says it will fire analysts who accept future-dated job offers elsewhere 

🏦 JPMorgan Warns Analysts: Accepting Future-Dated Job Offers Will Lead to Termination

JPMorgan Chase has issued a stern warning to its incoming investment banking analysts: accepting future-dated job offers from other firms within the first 18 months of employment will result in immediate termination. This new policy aims to curb the growing trend of early recruitment by private equity firms, which often offer positions to analysts well before they complete their tenure at the bank.

The directive, communicated through a letter from global banking co-heads Filippo Gori and Doug Petno, reflects JPMorgan’s commitment to retaining talent and maintaining the integrity of its analyst program. Previously, analysts were only required to disclose such offers; the new policy marks a significant shift toward zero tolerance.

To further incentivize retention, JPMorgan has shortened its analyst program from three years to two and a half years, offering a faster track to associate-level positions. Analysts are also mandated to complete job searches on personal time and attend all training sessions, with non-compliance potentially leading to dismissal.

CEO Jamie Dimon has publicly criticized the practice of early recruitment by private equity firms, labeling it as unethical and detrimental to young professionals’ career development.