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JM Financial
3.8
based on 526 Reviews
Company Overview
Company Locations
Working at JM Financial
Company Summary
Overall Rating
3.8/5
based on 526 reviews
On-Par
with industry average
Critically rated for
Promotions
Work Policy
Work from office
94% employees reported
Monday to Friday
56% employees reported
Flexible timing
55% employees reported
Within city
46% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
23 employees reported
Job/Soft skill training
20 employees reported
Office cab/shuttle
6 employees reported
Cafeteria
6 employees reported
View all benefits
About JM Financial
Founded in1984 (41 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersMumbai, Maharashtra, India
Office Locations
--
Websitejmfinancialservices.in
Primary Industry
Other Industries
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JM Financial Products Limited provides financial services. The Company offers investment banking, mortgage lending, distressed credit, and asset management services. JM Financial Productsserves customers worldwide. JM Financial is one of India’s prominent financial services groups, specialising in providing a spectrum of businesses to corporations, financial institutions, high net-worth individuals and retail investors. We are known for our diverse businesses which comprises of(a) Investment Banking, Wealth Management and Securities (IWS) which includes fee and fund based activities for our clients(b) Mortgage Lending which includes both wholesale mortgage lending and retail mortgage lending (home loans, education institutions lending and LAP)(c) Distressed credit which includes the Asset Reconstruction business(d) Asset Management which includes the mutual fund business.
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JM Financial Ratings
based on 526 reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
246
4
126
3
68
2
30
1
56
Category Ratings
3.7
Salary
3.7
Work-life balance
3.6
Company culture
3.6
Job security
3.4
Skill development
3.4
Work satisfaction
3.3
Promotions
JM Financial is rated 3.8 out of 5 stars on AmbitionBox, based on 526 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at JM Financial
based on 501 reviews
3.8
Rated by 93 Women
Rated 3.8 for Job security and 3.7 for Work-life balance
3.8
Rated by 408 Men
Rated 3.7 for Work-life balance and 3.7 for Salary
Work Policy at JM Financial
based on 75 reviews in last 6 months
Work from office
94%
Permanent work from home
4%
Hybrid
2%
JM Financial Reviews
Top mentions in JM Financial Reviews
+ 5 more
Compare JM Financial with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 526 reviews | 3.9/5 based on 1k reviews | 3.7/5 based on 2.6k reviews | 3.8/5 based on 16.2k reviews |
Highly Rated for | No highly rated category | Work-life balance Company culture | Skill development | Job security |
Critically Rated for | Promotions | Promotions | No critically rated category | Promotions |
Primary Work Policy | Work from office 94% employees reported | Work from office 78% employees reported | Work from office 88% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 3.8 Good rated by 93 women | 3.7 Good rated by 210 women | 3.7 Good rated by 593 women | 3.6 Good rated by 3.6k women |
Rating by Men Employees | 3.8 Good rated by 408 men | 3.9 Good rated by 778 men | 3.7 Good rated by 1.9k men | 3.8 Good rated by 12k men |
Job security | 3.6 Good | 3.7 Good | 3.6 Good | 3.8 Good |
View more
JM Financial Salaries
JM Financial salaries have received with an average score of 3.7 out of 5 by 526 employees.
Senior Associate
(141 salaries)
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₹5.4 L/yr - ₹21 L/yr
Assistant Vice President
(87 salaries)
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₹7.2 L/yr - ₹30 L/yr
Management Trainee
(76 salaries)
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₹2.7 L/yr - ₹9.1 L/yr
Operations Executive
(61 salaries)
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₹1.9 L/yr - ₹4 L/yr
Sales Manager
(48 salaries)
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₹3 L/yr - ₹6.5 L/yr
Real Estate Consultant
(45 salaries)
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₹3 L/yr - ₹5.8 L/yr
Sales Consultant
(43 salaries)
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₹3 L/yr - ₹6.3 L/yr
Senior Vice President
(34 salaries)
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₹11.9 L/yr - ₹51 L/yr
Senior Analyst
(32 salaries)
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₹7 L/yr - ₹22.2 L/yr
Relationship Manager
(31 salaries)
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₹2.3 L/yr - ₹5.5 L/yr
JM Financial Interview Questions
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JM Financial Jobs
JM Financial News
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Brokerages bullish on Maruti Suzuki, while Tata Motors gets cautious outlook
- Maruti Suzuki (MSIL) is expected to benefit from multiple launch tailwinds, EVs, and exports growth, while Tata Motors faces a weaker growth outlook across its segments.
- JM Financial has given the highest target price for MSIL at ₹15,100, citing a richer portfolio mix and higher operating leverage as factors to support margins.
- On the other hand, Jefferies has downgraded Tata Motors to an underperform rating with a target price of ₹660.
- Nuvama Institutional Equities has retained a reduce rating on Tata Motors at a target price of ₹720, while retaining a buy rating on MSIL at an unchanged target price of ₹13,900.
HinduBusinessLine | 30 Jan, 2025
Paytm Shares Jump 2% After JM Financial Reinitiates Coverage With ‘Buy’
- Shares of Paytm surged 2.2% after JM Financial reinitiated coverage with a 'buy' rating.
- JM Financial cited Paytm's distinguished positioning and higher monetization potential.
- Paytm has one of the largest merchant bases and is transforming challenges into opportunities.
- The brokerage gave a target price of INR 1,250, implying a 39% upside potential.
Inc42 | 20 Jan, 2025
JM Financial Appoints Ankur Jhaveri As MD And CEO Of Institutional Equities Division
- JM Financial has appointed Ankur Jhaveri as the Managing Director (MD) and CEO of its Institutional Equities division.
- Jhaveri will be responsible for strengthening the sales, trading, research, and derivatives businesses of JM Financial.
- Ankur Jhaveri joins JM Financial from Axis Capital, where he served as the Managing Director.
- JM Financial is an integrated and diversified financial services group with primary businesses including investment banking, mortgage lending, asset management, and securities business.
Bloomberg Quint | 15 Jan, 2025
SEBI Warns JM Financial For Failure In Due Diligence During Western Carrier IPO
- SEBI warns JM Financial for failure in due diligence during Western Carrier IPO.
- SEBI highlighted due diligence lapses by JM Financial during the IPO.
- The regulator emphasised the need for stricter compliance measures.
- JM Financial's stock declined by two percent after the warning.
Bloomberg Quint | 3 Jan, 2025
RBI Financial Stability Report: Monetary Fines Fall By 47% On Year During June To November
- Monetary fines imposed by the RBI on regulated entities from June to November have fallen by 47% compared to the same period last year, according to the Financial Stability Report for December 2024.
- The RBI imposed fines on 153 entities, including public and private sector banks, foreign banks, cooperative banks, and NBFCs, for non-compliance during the June-November period.
- In the same period last year, the RBI had imposed fines on 146 regulated entities, including state-owned and private sector banks, foreign banks, and regional rural banks.
- The RBI has recently taken strict regulatory actions against several financial institutions, including restricting Paytm Payments Bank, Kotak Mahindra Bank, IIFL Finance, JM Financial Products, ECL Finance, and Edelweiss Asset Reconstruction Company.
Bloomberg Quint | 30 Dec, 2024
Greaves Electricity Mobility IPO: SEBI Filing Reveals Rs 1,000 Crore Fresh Issue Plan
- Greaves Electricity Mobility has filed its preliminary papers with SEBI for an IPO to raise up to Rs 1,000 crore.
- The IPO includes a fresh issue of Rs 100 crore and an offer for sale of up to 18.9 crore shares.
- The funds raised will be used for technology development, manufacturing expansion, and in-house battery assembly.
- Motilal Oswal Investment Advisors Ltd., IIFL Capital Services Ltd., and JM Financial Ltd. are the book-running lead managers for the IPO.
Bloomberg Quint | 23 Dec, 2024
Piramal Pharma Share Price Jumps After JM Financial Initiates 'Buy'
- Piramal Pharma Ltd.'s share price rose nearly 5% after JM Financial initiated coverage on the stock with a 'buy' rating.
- Piramal's consumer healthcare segment is on the verge of scaling up with additional capacity and a pipeline of 24 injectable products.
- The hospital generics business of Piramal Pharma specializes in complex inhalation and injectable products with high entry barriers.
- The stock has risen 110.27% in the last 12 months and 92.19% year-to-date, with all 10 analysts tracking the pharma having a 'buy' rating.
Bloomberg Quint | 17 Dec, 2024
JM Financial Initiates 'Buy' On Piramal Pharma Citing Robust Pipeline, Global Manufacturing Presence
- JM Financial Institutional Securities Ltd. has initiated coverage on Piramal Pharma Ltd. with a 'buy' rating.
- Piramal Pharma's Contract Development and Manufacturing Organisation segment, which contributes 58% to its revenue, is the company's growth engine.
- The segment is expected to achieve a 17% compound annual growth rate over the next three years, supported by newly commercialised molecules and a rebound in the US biotech sector.
- JM Financial projects a 13% CAGR for Piramal Pharma's consumer healthcare segment over the next three years, while the hospital generics business is expected to grow at 11% CAGR.
Bloomberg Quint | 17 Dec, 2024
Rekha Jhunjhunwala-Backed IKS Health Sets Price Band For Rs 2,500-Crore IPO
- Inventurus Knowledge Solutions Ltd., the parent company of healthcare solutions provider IKS Health, has set the price band for its upcoming initial public offering in the range of Rs 1,265 to Rs 1,329 per share.
- The Rekha Jhunjhunwala-backed company has a price-to-earnings ratio of 60 times for the fiscal ended March 2024 at the upper end of the price band.
- The maiden public issue is a purely offer for sale play, where 38 shareholders will offload nearly 1.88 crore shares in the IPO, to raise around Rs 2,497.92 crore at the cap price for the issue.
- ICICI Securities Ltd., Jefferies India Pvt., JM Financial Ltd., JPMorgan India Pvt., and Nomura Financial Advisory and Securities (India) Pvt. are the lead bookrunners for the IPO.
Bloomberg Quint | 9 Dec, 2024
Why JM Financial’s Sachin Dixit Finds Nykaa's Valuation 'Attractive'
- Sachin Dixit, lead internet research analyst at JM Financial Institutional Securities, finds Nykaa's valuation attractive.
- Nykaa's strategy to acquire more customers in its beauty business segment is expected to drive operating leverage at the bottom line.
- Dixit highlights that Nykaa has been onboarding a significant number of customers in the last three quarters.
- The company's focus on beauty has led to consistent growth in gross merchandise value and rising Ebitda margins.
Bloomberg Quint | 22 Nov, 2024
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JM Financial FAQs
When was JM Financial founded?
JM Financial was founded in 1984. The company has been operating for 41 years primarily in the Financial Services sector.
Where is the JM Financial headquarters located?
JM Financial is headquartered in Mumbai, Maharashtra.
How many employees does JM Financial have in India?
JM Financial currently has more than 3,200+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in JM Financial based on the number of reviews submitted on AmbitionBox.
Does JM Financial have good work-life balance?
JM Financial has a Work-Life Balance Rating of 3.7 out of 5 based on 500+ employee reviews on AmbitionBox. 71% employees rated JM Financial 4 or above, while 29% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read JM Financial work-life balance reviews for more details
Is JM Financial good for career growth?
Career growth at JM Financial is rated as moderate, with a promotions and appraisal rating of 3.3. 29% employees rated JM Financial 3 or below, while 71% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading JM Financial promotions/appraisals reviews for more detailed insights.
What are the cons of working in JM Financial?
Working at JM Financial does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, based on 500+ employee reviews on AmbitionBox.
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