JPMorgan Chase Product Manager Interview Questions + Guide in 2024

JPMorgan Chase & Co. is one of the oldest and most prestigious financial institutions, offering innovative financial solutions to millions of consumers, small businesses, and many of the world’s most prominent corporate, institutional, and government clients. Our history spans over 200 years, and today we stand as leaders in investment banking, consumer and small business banking, commercial banking, financial transaction processing, and asset management.

In this guide, we’ll tackle how they conduct their interviews, along with commonly asked JPMorgan Chase product manager interview questions to help you prepare better. Let’s get started!

The interview process usually depends on the role and seniority. However, you can expect the following on a JPMorgan Chase Product Manager interview:

Recruiter/Hiring Manager Call Screening

If your CV is shortlisted, a recruiter from JPMorgan Chase & Co.’s Talent Acquisition Team will contact you to verify critical details like your experience and skill level. Behavioral questions may also be part of the screening process.

Sometimes, a Product Manager hiring manager might join the screening call to answer your queries about the role and the company. They may also engage in initial technical and behavioral discussions.

The recruiter call typically lasts about 30 minutes.

Technical Virtual Interview

Successfully navigating the recruiter round will lead to an invitation for the technical screening round. This stage is usually conducted virtually via video conference and screen sharing. Expect questions about your product management skills, including market research, product lifecycle management, and data analytics.

You may also be given take-home assignments related to product metrics, analytics, and strategy development. Your proficiency in cross-functional team collaboration and sprint planning might be assessed.

Onsite Interview Rounds

After another call with the recruiter detailing the next steps, you’ll be invited to attend the on-site interview loop. During your on-site visit, multiple interview rounds, varying with the position’s seniority, will be conducted. These sessions evaluate your technical skills, product development expertise, and ability to handle cross-functional team dynamics.

A presentation round may also be part of the onsite interview if you’ve completed take-home assignments.

Typically, interviews at JP Morgan Chase vary by role and team, but commonly Product Manager interviews follow a fairly standardized process across these question topics.

1. Create a function find_bigrams to return a list of all bigrams in a sentence.

Write a function called find_bigrams that takes a sentence or paragraph of strings and returns a list of all its bigrams in order. A bigram is a pair of consecutive words.

2. Write a query to return all neighborhoods with 0 users.

Given users and neighborhoods tables, write a query that returns all neighborhoods that have 0 users.

3. Describe how to count the total number of lines in a 100 GB log file using Python.

Explain how you would count the total number of lines in a huge 100 GB log file using Python.

4. Write a program to determine the term frequency (TF) values for each term in a document.

Given a text document in the form of a string, write a program in Python to determine the TF values for each term. Round the term frequency to 2 decimal points.

5. Create a function digit_accumulator to sum every digit in a string representing a floating-point number.

You are given a string that represents some floating-point number. Write a function, digit_accumulator, that returns the sum of every digit in the string.

6. What is the probability of drawing three cards in increasing order from a shuffled deck of 500 cards?

Imagine a deck of 500 cards numbered from 1 to 500. If all the cards are shuffled randomly and you are asked to pick three cards, one at a time, what’s the probability of each subsequent card being larger than the previous drawn card?

7. What is the probability that it is actually raining in Seattle given your friends’ responses?

You are about to get on a plane to Seattle and want to know if you should bring an umbrella. You call 3 random friends who live there and ask each independently if it’s raining. Each friend has a ²⁄₃ chance of telling the truth and a ¹⁄₃ chance of lying. All 3 friends tell you “Yes” it is raining. What is the probability that it’s actually raining in Seattle?

8. What is the probability of a biased coin landing heads exactly 5 times out of 6 tosses?

Given a biased coin that comes up heads 30% of the time when tossed, what is the probability of the coin landing as heads exactly 5 times out of 6 tosses?

9. What is the Martingale strategy and how might it be used in online advertising?

Explain the Martingale strategy and discuss how it might be applied in the context of online advertising.

10. What is the probability that three pieces of a broken stick can form a triangle?

If you break a stick uniformly at two points, creating three pieces, what’s the probability that a triangle can be formed from the three pieces?

11. What kind of model did the co-worker develop for loan approval?

Your co-worker developed a model that takes customer inputs and returns if a loan should be given or not. What kind of model is this?

12. How would you compare two credit risk models for predicting loan defaults?

Given that personal loans are monthly installments, how would you measure the difference between two credit risk models within a timeframe?

13. How would you evaluate the suitability of a decision tree for predicting loan repayment?

You need to build a decision tree model to predict if a borrower will repay a personal loan. How would you evaluate if a decision tree is the correct model for this problem?

14. How would you explain linear regression to different audiences?

Explain the concept of linear regression to three different audiences: a child, a first-year college student, and a seasoned mathematician. Tailor your explanations to each audience’s understanding level.

15. How would you combat overfitting in tree-based classification models?

When training a classification model, how would you address overfitting in tree-based models?

16. How would you investigate if the redesigned email campaign led to the increase in conversion rate?

The new-user to customer conversion rate increased from 40% to 43% after a new email journey was launched. However, the rate was 45% a few months prior. How would you determine if the redesigned email campaign caused the increase or if other factors were involved?

17. What is the Martingale strategy and how might it be used in online advertising?

Explain the Martingale strategy and discuss its potential applications in online advertising.

18. How would you analyze the dataset to understand where the revenue loss is occurring?

An ecommerce company has experienced a reduction in revenue over the past 12 months. You have transaction data including date of sale, total amount paid, profit margin, quantity, item category, subcategory, marketing attribution source, and discount applied. How would you analyze this dataset to pinpoint the source of revenue loss?

19. How would you measure and analyze the success of a new email campaign?

Your company has started a new email campaign. You have tables detailing user visits, email timestamps, and user sessions. How would you measure the campaign’s success, and what query would you write to analyze it?

Example:

Input:

users table

emails table

user_sessions table

You should plan to brush up on any technical skills and try as many practice interview questions and mock interviews as possible. A few tips for acing your JPMorgan Chase product manager interview include:

• Understand JPMorgan Chase Products: Given the organization’s vast product portfolio, familiarize yourself with its financial and banking solutions. Be prepared to discuss how you can contribute to enhancing these offerings.
• Be Data-Driven: As a Product Manager, your ability to leverage data for decision-making will be critical. Brush up on data analytics and metrics that drive product success.
• Showcase Leadership and Collaboration: JPMorgan places high value on collaborative leadership. Highlight your experience in leading cross-functional teams and driving product initiatives to successful completion.

What is the average salary for a Product Manager at Jpmorgan Chase & Co.?

What is the culture like at J.P. Morgan Chase & Co.?

The company has a strong emphasis on diversity, inclusion, and collaboration, offering a competitive rewards package. However, interview experiences can vary greatly. While some candidates report feeling very welcomed and respected, there have been occasional reports of unprofessional behavior during interviews. It’s important to address any concerns directly with the recruiter or HR.

What skills are emphasized for a Product Manager role at JPMorgan Chase?

Key skills include strong product management expertise, advanced knowledge of the product development life cycle, proficiency in data analytics, and excellent communication abilities. Experience in leading product lifecycle activities, driving end-to-end execution, and familiarity with Agile methodologies are also crucial.

What should I know about JPMorgan Chase’s compensation and benefits package?

The company offers a comprehensive total rewards package, including base salary, discretionary incentive compensation, health care coverage, retirement savings plans, and other benefits like tuition reimbursement and financial coaching. Details about total compensation and benefits will be provided during the hiring process.

Discover the expansive opportunities available at JPMorgan Chase & Co., where innovation meets industry leadership. Through your role as a Product Manager, you’ll drive product development, elevate customer experiences, and shape the future of financial solutions in a dynamic, inclusive environment. While some candidates have faced challenges during their interviews, it’s crucial to come prepared and make the most of the opportunity that lies within this influential organization.

Dive deeper into what it means to succeed in this role by exploring our comprehensive JPMorgan Chase Interview Guide at Interview Query, where you will find invaluable insights and a wealth of resources tailored to your needs. Prepare effectively, understand the process, and confidently take your next career step with JPMorgan Chase & Co.

Good luck with your interview!