» Banking on Relationships
Jay Clingman, MBA ’01, has been intrigued with the banking industry since he was a teenager. A friend’s dad owned a bank, and Clingman was fascinated with the prospect of lending and investing money.
Now, as the San Antonio chairman of the board at JPMorgan Chase, Clingman’s dreams have become a 25-year odyssey in the banking industry.
“Banking is about relationships,” said Clingman, who serves on the college’s advisory council. “I have a platform to meet people in this city and throughout the country. If you’re good at it, you can develop lifelong relationships, and it is a lot of fun.”
Upon receiving an undergraduate degree in finance from Texas A&M in 1984, Clingman began his banking career with BancTexas in Dallas. In 1988 he was lured back to his hometown of San Antonio by Joe McKinney to join Texas Commerce Bank as a commercial lending officer.
“The good part about being part of a large organization is that you can do a variety of things,” said Clingman. “I’ve held a variety of positions throughout Texas. I began in commercial banking, went into capital markets, fixed incomes, then private banking. Now I’m back in commercial banking.”
Six years after returning to San Antonio, Clingman decided to pursue his MBA at the UTSA College of Business following the recommendation of several of his friends. “I was very impressed with the UTSA MBA program,” he said. “I enjoyed the classes because they were more like a dialogue between the students and the professors, a give-and-take.”
With only one MBA class remaining in 1995, Clingman was called to Dallas for a large promotion as the statewide manager of capital markets. When he returned five years later, he was encouraged by UTSA President Ricardo Romo to complete his degree.
Walking into his capstone class as the president for JPMorgan Chase, Clingman was appreciative of the opportunity to complete his education. “The biggest value of my MBA experience was learning to work in teams and the art of delegation.”
Active in the community, Clingman serves on the boards of the United Way, ACCION, the San Antonio Museum of Art, the Young President’s Organization, the Cancer Therapy and Research Center and as a trustee of Trinity Baptist Church. While he values his service to the community, Clingman prefers spending time with his wife, Lisa, and their three children.
Accomplishing most of his duties outside the traditional 8–5 workday, Clingman enjoys helping entrepreneurs obtain financing, making decisions on loans and deposits, and helping others earn a living and provide employment.
“It is an interesting time right now in banking,” said Clingman. “Texas is doing well, but the impact has been felt more at the global level.”
Clingman became active in the college’s advisory council three years ago so he could give back to his alma mater. “One of the greatest needs of business students is the soft skills that are not typically taught as part of the academic curriculum,” said Clingman, who has supported business student professional development through the college’s Center for Student Professional Development. “When hiring someone, after reviewing their academic credentials, I also must decide, is this someone I’d put in front of a client?
“I have a great sense of pride in my MBA degree,” he said. “UTSA has grown tremendously in the last 10 years, and it is poised for even bigger and better things.”
UTSA College of Business
One UTSA Circle
San Antonio, Texas
Tel: (210) 458-4313
Fax: (210) 458-4308