Just been through interview process with JP Morgan. I wasn’t applying for a grad scheme but I think it will have taken a similar format.
My first of the two interviews was mainly based around my CV - more personal questions about my work experience, university experience, interests, etc, followed by a few questions as to what I understood about the company and the job itself, and also what I felt I could bring to the role. Also, what I though might be expected of me in the position I’d applying for. The thing they were looking for most here, I think, was that I was able to back up everything I had said on my CV with examples. They then asked a few competency questions, but indicated that the second interview was to be more competency based.
As far as their interest in commercial awareness, they made it clear that they are keen to hear how much you know about JPM as a company (and what you like about it), where you think a job with them might lead you (career motivation), what you know about their biggest clients, and how the current market might affect all of the above. I’ve also heard of people being asked what other companies/businesses they admire, and to describe something in the news that had caught their interest.
As implied, the second interview revolved almost solely around competency questions, specific examples I had were:
- Describe a situation when you have disagreed with another person and have had to convince them that you are right
- Give examples of your ability to work within a team
- Describe a time when you have made an improvement to an historical process
- Describe how you organise your working life so that the work gets done
- Give examples of the way you demonstrate leadership skills
- Give examples of the way you demonstrate problem solving skills
- What three things would you say are your best qualities?
- What do you think you’ll be doing in the first few months in the role?
- What would you say are your weaknesses?
In both interviews they asked if I had any questions for them (fairly standard practice in interviews). I had some prepared, purely because I think it looks better to seem interested, but be sure not to ask anything that you could have found out on their website (pretty hard as the JPM site is ridiculously informative). I asked mostly about the training itself, but it can be more light hearted.
Hope some of this has helped, I know I found this site massively useful before my interviews