He also had a reputation as little more than a number-cruncher and cost-cutter. Every career is designed with you in mind. Our summer internships are typically for penultimate-year undergraduate students looking to gain work experience in our industry. It has also scooped up a growing share of corporate deposits. All rights reserved. With fintech firms continuing to sprout, and tech giants like Amazon and Google busily experimenting in financial services, digital disruption is set to upend banking over the next decade or so. To make an impact, to lead. Some financial experts expect it to have the same impact on the industry as electricity did on manufacturing in the 1890s. We also offer longer-term and off-cycle internships for some regions and business areas. What are the ingredients of Mr Dimon’s success? Plenty of putative successors have left during the Dimon era, including lieutenants who followed him from Citigroup, like Charlie Scharf and Mike Cavanagh (see chart 4). If you’re ready to start a full-time career, then we have incredible opportunities for you to be impactful and innovative. This is clear not only from the firm’s financial results but also from the behaviour of its rivals. We believe in “doing first-class business in a first-class way.” That conviction guides how we treat our clients—and how we treat each other. Job email alerts. Last year JPM spent $11.5bn, more than any other American bank, on improving its systems. The retail unit, which houses the deposit, credit-card, home-loan and auto-lending businesses, contributes almost half of the firm’s revenue. Mr Dimon once insisted on keeping an appointment with The Economist despite feeling woozy after undergoing an intrusive medical procedure earlier that day. But it was the financial crisis that was the making of him. Click apply to start your application, or, if you’re not ready to apply, click Learn More to find out about the specific program offering. Meanwhile, Mr Dimon may see scope for further expansion. Our Consumer & Community Bank serves people, families and businesses by helping them bank, save, invest, make purchases with credit cards, and finance homes and cars. Posted: September 1, 2020 . This vision has been vindicated. It must, indeed, be hard to say goodbye. ■, This article appeared in the Briefing section of the print edition under the headline "The house that Jamie built", Sign up to our free daily newsletter, The Economist today, Published since September 1843 to take part in “a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress.”. Mr Dimon made arguably the most important decision of his career in his twenties, when he turned down a cushy job at Goldman Sachs to help create a vast financial firm with his mentor, Sanford Weill, then boss of American Express. Mr Dimon is alive to the threat. How times have changed. As such, he had long attracted media attention. What's up Mumbai? Mortgage-related fines have cost it tens of billions of dollars—the most expensive being a $13bn bill for misleading investors over toxic securitised loans. Intern, Web Developer, Business Development Manager and more on Indeed.com Mr Dimon is his firm’s best-known boss since its bulbous-nosed namesake, John Pierpont Morgan, lorded it over Wall Street in the late 19th century. Connect with us at one of our upcoming events. Smith said at the time that reductions would continue and that “technology and digital and mobile people are building the company for the future.”. JPMorgan Chase is close to paying almost $1 billion to resolve government investigations into the alleged manipulation of metal and Treasurys markets, according to …