Day to day
Private Equity/Junius Real Estate Fund Consultant (Current Employee) – New York, NY – August 16, 2017
The most important difference between JPMorgan and other investment banks is that they managed to merge commercial banking and investment banking in a way that made sense. Other companies either failed to do this (Citigroup) or didn't try (Goldman-Sachs and Morgan-Stanley). This meant that you had cultural influences of commercial banking, such as focus on risk, big infrastructure systems, moderation of the "get rich quick" mentality, and a heavily emphasis on process. JPMorgan is also much larger than GS and Morgan-Stanley, which meant more process and more bureaucracy. This can be a bad thing, but when it works, it can be a good thing.