Why we quit IBD at JP Morgan after two years
07 Apr 2015
Cameron Miller MBA2012 and Akin Onal both joined J.P. Morgan’s London-based investment banking business in 2012 after completing MBAs at London Business School and Wharton respectively.
Two years later, both quit. Instead of building financial models and assembling pitch books, Miller and Onal now run MORI, an e-commerce company that sells baby clothing.
“Banks have big expectations of their MBA associate hires,” says Miller. “You don’t have the practice that associates who’ve been analysts have had, and you have to work slightly harder because of that.”
“In banking, you end up focused on a few tasks that require a high level of skill,” adds Miller. “As entrepreneurs, we’re spread much more widely – we’re responsible for everything from PR to manufacturing to managing investors. It’s more satisfying.”