JPMorgan Chase & Co.
Aug 31, 2011

JPMorgan Chase & Co. to Double Engineering Internships

Joins President's Jobs Council Initiative to Increase Number of Engineering Graduates

NEW YORK, AUGUST 31, 2011 - JPMorgan Chase (NYSE:JPM) today announced it has committed to double the number of engineering interns it hires in 2012 and will be joining the President's Council on Jobs and Competitiveness initiative. The initiative aims to add 10,000 engineering graduates each year.

"It is critical, particularly in today's challenging economic times, that we do all we can to grow a highly trained workforce in the U.S.," said Frank Bisignano, JPMorgan Chase & Co. Chief Administrative Officer and CEO of Chase Mortgage Banking. "The private sector plays an important role in preparing college students and giving them exposure to workplace mechanics and what it takes to run a company. We are committed to helping the President's Council on this initiative and believe that improving college graduation rates for engineering students is a step toward our nation's ability to remain a leader in innovation and help the global economy recover."

JPMorgan Chase has been committed to hiring engineering majors into its technology and operations programs in the U.S., steadily increasing the number of engineering interns it hires each year since 2009. Over the last two years, the firm has partnered with Syracuse University and the University of Delaware to develop an innovative approach to strengthening America's STEM education program. Working with the two universities, JPMorgan Chase has helped create an interdisciplinary Global Enterprise Technology (GET) Program to better engage and prepare students for successful technology careers in complex, large-scale and global operating environments, through curriculum development, experiential learning opportunities for students, joint applied research projects and community engagement. Program components include:

In addition to the initiatives above, JPMorgan Chase employees and faculty from Syracuse University and University of Delaware have been working with graduate students on applied research projects focused on the JPMorgan Chase's technology challenges. The firm has started including undergraduate students in these applied research opportunities as well. JPMorgan Chase and the National Science Foundation co-sponsored a GET Curriculum Workshop hosted by Syracuse University this past May at which approximately 35 universities and colleges were represented.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The Firm is a leader in investment banking, financial services for consumers, small-business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.