JPMorgan Chase has told its incoming graduates that if they accept future-dated job offers elsewhere within 18 months of starting their analyst programme they will be fired.
The revised policy, included in a letter sent to recruits due to start the bank’s US analyst training programme later this summer, is the latest escalation of the Wall Street giant’s battle with private equity firms over junior talent.
“If you accept a position with another company before joining us or within your first 18 months, you will be provided notice and your employment with the firm will end,” the note from global banking co-heads Filippo Gori and Doug Petno said.
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