Discover your dream Career
For Recruiters

JPMorgan graduates may soon have their training in the Metaverse

Immersive technologies like virtual and augmented reality have never quite hit the same euphoric highs (and lows) as crypto or AI, but that doesn't mean there's no place for them, especially in banking. Blair MacIntyre, a JPMorgan MD and global head of immersive technology, spoke recently on MIT's Business Lab podcast about the issues the sector faces and where the most promising developments have been. 

The most exciting use case for MacIntyre at the moment is "immersive training applications." He says that placing a new hire, presumably a graduate or intern, "into a situation rather than watch a video or flick through a presentation" allows them to dynamically engage with training and allows for real-time feedback.

JPMorgan isn't the only bank testing the tech on training younger demographics. Citi also runs a virtual reality internship experience with practical task modules like calculating relevant financial metrics and summarizing key findings in an email. If VR is being used in the pre-hiring and post-hiring process already, could we also expect job interviews to use the tech in future too?

MacIntyre has big plans, which extend beyond training. He wants to integrate AR and VR to into employees' daily lives. In particular, he thinks AR and VR could be used for meetings. However, he says widespread adoption of the technology will only happen when it's seamlessly integrated into workflows, and that this will require work on data migration. "If it takes three or four minutes to move your work into a VR experience, nobody is going to do it," MacIntyre says. "It's too problematic."

Longer term, however, MacIntyre thinks AR and VR, combined with AI, could facilitate, "serendipitous access to information." An in-person meeting leveraging augmented reality, for example, could put your notes in the corner of your eye and let you continue to interact with clients. This would be much easier than surreptitiously checking notes on your phone. Equally, he says that AI could be used for taking notes in AR meetings. 

MacIntyre, who was a Georgia Tech professor for over two decades, seems to be enjoying his new life at JPMorgan. He says the bank is developing "much more sophisticated, much more powerful" solutions. The bank's immersive technology team rotates in analysts from elsewhere in the business and invites other teams to submit ideas to research.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORAlex McMurray Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Deutsche Bank
Credit Derivatives Model Validation Specialist
Deutsche Bank
London, United Kingdom
Talent Solution TAPFIN
Senior Business Analyst
Talent Solution TAPFIN
London, United Kingdom
Hunter Bond
Technical Business Analyst - Leading Trading Firm
Hunter Bond
London, United Kingdom
PER, Private Equity Recruitment
Investment Analyst, Global Public Equity Fund, Hong Kong
PER, Private Equity Recruitment
Hong Kong
Alexander Ash Consulting
Internal Audit – Front Office Controls – Investment Banking
Alexander Ash Consulting
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.