Name: Clement Hutton-Mills
Degree/university: 2.1 with distinction in Modern Languages at St Edmund Hall, Oxford University
Year of graduation: 2005
Occupation: Analyst at JP Morgan Asset Management
What do you do in your job?
In asset management, we look after and invest clients’ money. I’m an analyst in our money market fund team. This entails investing money on behalf of institutions in J.P. Morgan’s money market funds.
I get in at 8.30am and leave at about 6.30pm, during which time I analyse yield information on our funds – that is, the funds’ performance. Typical activities include putting together client pitch books for our sales people who are pitching for new business, and putting together account reviews for relationship managers who’ll be talking to existing clients and dealing with new ones. I also produce reports, depending on where we are in our cycle.
One of the biggest differences about investment management is building long-term relationships. We rely on these relationships to create new opportunities and bring in repeat business. The work is team-oriented, and no two days are the same.
What was your motivation in applying?
I did an internship with JP Morgan Asset Management. I liked the relationship-driven aspect, so was pleased to be offered a permanent position here.
I was attracted to banking because it’s known as being a challenging career, where you get to work alongside bright people. And what I liked about this company is the proximity you have to senior people. In addition, I liked the fact that J.P. Morgan is big on encouraging graduates to go as far as they can.
What did the application process involve?
I was offered the job after doing an internship. But the internship application process was similar – there was an online application form, followed by a written test and two rounds of interviews – one general and one with the team I was set to join. You could say that the internship was a 10-week interview, where I had to prove myself and show that I could work competently.
What do you enjoy about your job?
Putting together a solution for a client that fully matches their requirements. It’s an intellectual challenge that is incredibly rewarding. Everyone is happy. I also like the challenge of working with good people and socialising with the team,. The hours are reasonable because the job is driven by the hours of the market. There are times when I’ve had to work very late, but far less often than some of my friends who went into the investment banking side of the business. I never work at weekends.
Most challenging part of your job?
It’s a challenge to move from having 28 weeks off a year to 25 days. That’s pretty tough. On the job itself, the hardest thing is to make sure you are seen as competent and efficient and as a good person to work with.
Advice to readers considering a career in your field:
Go to websites and look into what aspects of banking might appeal to you. Apply for an intern programme. Speak to alumni – we’re happy to give advice. Try to stand out in some way, because this industry is competitive. But don’t pretend to be someone you’re not.
Many employers provide rotation schemes for graduates in investment management. At Fidelity International, these are becoming increasingly international, "with many of the programmes offering rotations across Europe, India, and occasionally Bermuda", says Laura Everingham, graduate recruitment manager. Other employers, such as J.P. Morgan, expect graduates to apply for specific roles. "Since we are looking for people who are focused, it’s not unreasonable to expect them to know where they want to work,’ says Terrence Perrin, head of graduate and experienced higher recruitment, JP Morgan Asset Management EMEA. Salaries, he says, are competitive, with investment banking starting in the region of Â£30,000-Â£35,000.