JPM PB vs GS PWM — comp structure comparison?
Hey all — looking for some outside perspective here. I’m an MBA who interned with JPM PB this past summer (got a return offer) and had turned down a GS PWM internship offer to take the JPM seat. Overall it was a good summer and I’m only slightly leaning toward accepting. The main thing holding me back is the compensation structure.
For those who’ve worked at or closely with both platforms — how do they actually compare in terms of:
• Compensation specifics - I understand the general shape of JPM’s tiered model at VP and above, but wasn’t able to get specific comp numbers for senior bankers during my internship. I also understand GS PWM pays out a percentage of your book each year. How does that GS structure actually compare to JPM’s in dollar terms as a career progresses, and at what point does GS start to outpace?
Also open to hearing about anything else that might be valuable for the decision.
Appreciate any takes!