JP Morgan Alternatives Comp/Rep/Exits

Hey all, incoming 2025 JPM SA for the Alternatives Real Estate Products group in NYC and was curious about FT pay for An1 to VP. Are there common exits (is JP AM a top shop for buy-side seats) for PE, specifically REPE, like BX or KKR? Also, is internal transfer common from AM to IB, like REGAL IB?

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Based on the most helpful WSO content, here's what you need to know:

  1. Compensation for An1 to VP: While specific figures for the Alternatives Real Estate Products group aren't explicitly detailed, general JP Morgan Private Bank and Investment Banking compensation data can provide a benchmark. For example:

    • 1st Year Analyst: ~$169K all-in.
    • 2nd Year Analyst: ~$187K all-in.
    • 3rd+ Year Analyst: ~$260K all-in.
    • Associates and VPs typically see significant bumps, with VPs earning upwards of ~$392K all-in.
  2. Exit Opportunities: JP Morgan Alternatives, particularly in Real Estate, is well-regarded. While it's not as direct a pipeline to top-tier REPE firms like Blackstone (BX) or KKR as some other groups, exits to buy-side roles, including REPE, are achievable. The skill set developed in Alternatives is respected, and networking will play a crucial role in securing these exits.

  3. Internal Transfers: JP Morgan is known for promoting internal mobility. Moving from Asset Management (AM) to Investment Banking (IB), including groups like REGAL IB, is possible. The firm values internal talent and often facilitates such transitions, especially if you demonstrate strong performance and network effectively within the organization.

If you're targeting REPE exits or internal mobility, focus on building a strong network, excelling in your role, and leveraging the firm's mobility programs.

Sources: JP Morgan Exit Opps to Private Equity?, JP Morgan intern switching divisions, JP Morgan IB RIsk Exposed Part 2, JP Morgan IB RIsk Exposed Part 2, CIB Credit Risk J.P. Morgan

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