2026 Commercial & Investment Banking - Markets - Off-cycle Internship - London

If you are enthusiastic, committed and looking to apply what you’ve learned to real-world financial experience, we have a role for you. Our global markets teams operate in all major financial markets and develop sophisticated financial solutions to help clients manage risk, increase returns and solve complex financial problems. This approach means you'll be part of an energetic team, helping to solve a range of stimulating and interesting business issues. Your work and contributions will be valuable to the team from the start.

As an Intern in the Markets team, you will spend your time exploring the sophisticated financial solutions we deliver across asset classes. The skills you develop and the professional network you build and support will serve as a solid foundation for your career. Dedicated instructors and JPMorganChase professionals will teach you about our history, the scale and scope of our organisation today and our exciting plans for tomorrow. We’ll teach you technical and practical skills that will help suitably prepare you for your desk.

The off-cycle internship is a 3-6-month programme offered in select European locations, with intakes in each quarter of the year and is a pipeline to the full analyst programme for the next available intake once your internship has been completed successfully. The program is an opportunity to take your career to the next level through hands-on experience, relevant skills training and valuable professional networking. Based on your personal and collaborative achievements, those who successfully complete the program may receive offers of full-time employment for the analyst programme.

Job Responsibilities

• Support senior colleagues with key research, evaluation and preparatory work.
• Monitor markets, develop trade ideas, conduct portfolio reviews, and learn about the solutions and products we offer for clients to manage any market conditions.

Required Qualifications, Capabilities and Skills

• Graduation date from June 2025 through to October 2026.
• Proficient verbal and written communication skills for the country to which you are applying.
• Willing to take on some responsibility and manage your own projects in collaboration with your colleagues.
• Interest in global financial markets.
• Investigative and quantitative skills, flexibility, and attention to detail.
• Enjoy and thrive in a collaborative environment.
• Well-rounded academic background that includes details of extra-curricular positions.
• To be eligible for an off cycle internship, you need to have graduated if you have read your degree in the UK, or experience must be part of your degree programme if studying in mainland Europe or the Middle East.
• For our Trading and Structuring tracks, it is useful to enjoy numerical and quantitative work.
• Not all hiring desks require specific languages, however there will be some that do. Please ensure you accurately list your language fluency skills on your application form to help us identify the most appropriate opportunities for you.
• We recommend that you apply to one Markets program only.

Application Deadline

Monday 31st August 2026

About Us

JPMorganChase has operated in Europe for nearly 200 years and has a sophisticated local market presence across Europe, the Middle East and Africa (EMEA). Within the region, JPMorganChase has an unparalleled client base and leadership across the spectrum of financial services products. The regional head office in London is complemented by a strong regional footprint, with offices in all major financial centres.

What You Can Expect

As part of the application process, you will be asked to preference (where available) two of the four tracks within Markets (Trading, Structuring & Origination, Sales or Research). Make sure that you are familiar with the roles, responsibilities and skillsets required for each track to ensure suitability before submitting your two preferences. This process will also involve you providing details on all fluent languages, your graduation dates and availability. This is a pooled recruitment process whereby you will be considered for available roles that are to be recruited during your availability. Roles are recruited for quarterly with start dates in Q1 January, Q2 April, Q3 July and Q4 October. Assessment Centres would usually take place at least four months before any of the four quarterly start dates.

Available Tracks

Our Global Markets teams operate in all major financial markets and develop sophisticated financial solutions to help clients manage risk, increase returns and solve complex financial problems. Trading at Morgan is a unique insight into global markets – we provide liquidity to clients in all major asset classes and pride ourselves on our fast execution, market share and e-trading platforms. A trader’s role is to respond to and encourage client enquiries, manage the resulting risk, and understand and respond to market-moving events. Trading is detail-focused, mentally stimulating and requires detailed evaluations.

Structuring & Origination within Markets is a hybrid group inclusive of Sales, Trading and Banking. Morgan has a dedicated team of professionals servicing the structured product requirements of our clients. The team offers a broad range of innovative investor products, liability management and hedging solutions. Morgan offers a wide range of derivatives products to institutional investors, distributors, corporates and private investors.

J.P. Morgan’s Sales teams help corporate and institutional clients navigate the breadth of Morgan’s product offerings across Markets and Platform Services, focusing on matching the firm’s resources to our clients’ needs. The Sales community build relationships with clients and package tailor-made solutions that meet the needs of a wide array of clients. To make this distinction possible, salespeople have a wide knowledge of multiple products, and proactively engage with clients and suggest trade ideas. A salesperson typically has collaborative communication and interpersonal skills, an investigative mind, is a capable multi-tasker and team-orientated.

Digital Markets: This role requires a strategic thinker with an interest in digital assets, operational flows and the ability to collaborate effectively with cross-functional teams. You will support and manage digital asset projects within our Digital Markets division. You will be responsible for coordinating initiatives related to intraday repo, other digital assets trading initiatives and wider engagement with market infrastructures on digital asset topics, ensuring alignment with business objectives and regulatory requirements. You will develop and execute product strategies that drive innovation and growth in digital markets, engaging with market infrastructures and external partners to advance digital asset initiatives and foster industry collaboration in support of the wider markets digital asset agenda.

Across all tracks, you’ll support senior colleagues with important research, analysis and preparatory work. You will monitor markets, develop trade ideas, conduct portfolio reviews, and learn about the solutions and products we offer for clients to manage any market conditions. Your work and contributions will be valuable to the team from the start. Expert instructors and JPMorganChase professionals will teach you about our history, the scale and scope of our organization today and our ambitious plans for tomorrow. We’ll teach you technical and practical skills that will help you hit the ground running.

At JPMorganChase, we equip our Markets teams with the skills to thrive in a data-driven and evolving business environment. New analysts and associates receive training in coding and data analysis, enabling them to create tools that automate tasks and improve decision-making. Our focus on learning fosters innovation and adaptability, helping our teams succeed for our clients.

Join us to be part of a team that values growth and excellence in the dynamic world of markets. Help us learn about you by submitting a complete and thoughtful application, which includes your resume. Your application and resume is a way for us to initially get to know you, so it’s important to complete all relevant application questions so we have as much information about you as possible.

To start the application, you will be prompted to enter your email address. Your email address will be used to create and maintain your profile so make sure it is one you will have long term access to. Do not use an email address with “.edu” extension as doing so could result in delays receiving updates regarding your candidacy. After you confirm your application, we will review it to establish suitability for the role you have applied for.

If you are advanced to the next step of the process, you’ll receive an email invitation to complete a video interview with an integrated mathematics test, powered by HireVue. This is your opportunity to further bring your resume to life and showcase your experience for our recruiting team and hiring managers. These questions will focus primarily on your interest in the Markets business and present you with an opportunity to showcase your motivations to join JPMorganChase. Kindly note that calculator usage is strictly prohibited.

Where applicable to the country, the HireVue process is required, and your application will not be considered for further review until you have completed these three questions. We strongly encourage that you apply and complete these required elements as soon as possible, since programs will close as positions are filled. These questions will focus on your rationale for wanting to join Financial Services, Morgan and Markets in particular.

JPMorganChase is committed to creating a work environment that respects all people for their unique skills, backgrounds and experiences. We strive to hire qualified, diverse candidates, and we will provide accommodations for known disabilities.