JPM CCBSI ?
Any insight on this division within JPM's Commercial Banking arm? With regard to types of deals/transactions they do, skills to be gained as an Analyst, exit opps, comp progression, etc? Thanks!
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CCBSI mainly serves mid-to-small cap businesses with loan underwriting, there may also be some credit risk analysis, admin and ad-hoc tasks.
Do note that CCBSI sometimes fights for clients with the corporate bank, especially those that are growing fast (TMT) because most likely they will fall under corporate bank scope in a few years and potential future financing needs (DCM) make them attractive targets to the corporate bank as well.
Isn't CCBSI corporate banking so what do you mean that CCBSI "fight for clients with the corporate bank"? MMBSI is the commercial banking arm i believe.
CCBSI and MMBSI are both technically housed in the commercial bank under JPMorgan Chase. CCBSI is still corporate banking.
However, CCBSI goes to market under JPMorgan.
Source: Told during CCBSI associate interview
They call it corporate banking but other banks, like wells, would refer to it as midcorp.
CCBSI is between corporate banking (housed within IB) and MMBSI (mid-market)
CCBSI is not housed under IB, it's housed under commercial banking. MMBSI is also commercial banking but can run deals up in the $1B+ range on coverage mid-market groups. It's weird how JPM does deals with client's revenue/size. Most of the basic 20-500MM and 500MM+ revenue range is just solely on what you typically will see, but many times you do get put into bigger deals in both CCBSI and MMBSI.
JPM does things very complicated, most LinkedIn people spin CCBSI to pretend its lev fin when it's basically doing the bitch work from lev fin and credit risk.
Does anyone have an idea on what the recruiting timeline is for CCBSI summer 2024? Apps have not opened yet
Worked at JPM CCBSI before moving to IB.
CCBSI is housed under the commercial bank and you’ll typically cover clients w/ revenues between $500mm - $2B+ (have also worked on larger IG names).
As an analyst you wear many hats and work directly with CCBSI coverage bankers, levfin and credit risk. The analyst program is interesting as you are staffed on vanilla CB deals (RC/TLA/ABL) and LevFin transactions (TLB/HYB). You will work on M&A UWs and sometimes have to also work with TS, FX, and IRD to include their materials in pitches.
All-in comp is slightly lower than LevFin as an analyst due to bns delta, but you do get the same experience when working on those deals and attend the FT IB training program in the summer when you join.
Have seen peers exit to MMBSI, MBA, other banks doing CB, promo to LevFin ASO, IB, Private Credit, Consulting, and CorpDev / Strategic Finance.
Hi, I have an upcoming super day with the ccbsi division for their sa position. Mind if I pm and ask some questions?
When's ur super day? I got invited to the MMBSI one, but haven't heard back yet from CCB
Do you mind sharing the salary figure for a CCBSI Associate?
it was 130 for a year 1 in 2020, then went up by 10k each year. May be higher now.
Any insight on hours?
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