Sample cover letter for Internship position at JP Morgan

1) first question of why one wants to work in Asset Management

Apart from my determination to thrive for success, my passion in such field is irrefutable. The need for adequate wealth management has always been high, however, after 2008 the necessity for more secure and tailor-maid investments had risen dramatically. Nowadays, when the consequences of the sub-crisis are still evident, high-net-worth clients demand more appropriate management. This need has made me realize that I want to be a part of such sector and be able to meet such demands. This could only be possible by being a part of an environment such as JP Morgan’s Wealth Management team.

Also, I am firm believer in long-run investment, and against the more recent notion of short-termism. Helping clients expand their wealth and develop long-term strategies to protect such wealth is an expertise that I am looking forward to acquiring. Being a part of JP Morgan’s Wealth Management team will provide me with all the appropriate tools to succeed in such demanding field.

My master’s degree has strongly equipped me with analytical and time efficiency skills. As most of my modules required a research analysis, I was able to improve such skills and had the opportunity to face and overcome practical challenges closely related to those of a professional environment. The curriculum was very comprehensive, thus highly intense, and working with tight deadlines and on different tasks at the same time, was a norm and a challenge I am very familiar and comfortable with. In addition to my studies, I have played football professionally. Being a part of a team at such a high level requires appropriate interaction and clear understanding of the objectives set forth. This experience has helped me improved my teamwork skills, my ability to compromise and ignore self-interests for a greater cause and the achievement of goals. 

2) second questions about news that affect the bank

Just a few years ago, with oil prices being extremely high, the idea of raising funds through debt was a sentence unknown to countries in the Arabian Peninsula. However, as the current prices have dramatically decreased, and most likely will stay low for a while, Saudi Arabia is currently running a substantial budget deficit. Also, the IMF has warned the nation that will run out of funds, if appropriate measures were not taken, in just a few years.

JP Morgan has been appointed to arrange Saudi Arabia’s first international sale. In an era of low oil prices and a recent downgrade of the country’s credit rating, JP Morgan is faced with critical difficulties. JP Morgan will have to ensure a smooth transaction and adequately advise its client – Saudi Arabian government – on how to overcome such challenges. Also, JP Morgan will have to advise the government on a realistic amount of funds that can be raised, the price and type. Although there are difficulties. Like a few years ago, although under different circumstances but not less challenging, JP Morgan successfully guided the Ethiopian government to issues its first international bond. I firmly believe that history will repeat itself.