2 Comments
 

Based on the most helpful WSO content, the compensation for an analyst at JP Morgan's Private Bank is structured as follows:

  • $70K base for your first 18 months (stub year plus first full year)
  • $80K base for your next 12 months (full second year)
  • $90K base for your last 6 months (Jan-June third year)

In terms of bonuses:

  • The first bonus after your first few months is flat across first years and is slightly less than the signing bonus, which is $10K.
  • The 2nd and 3rd year bonuses can be anywhere from $15K to $50K+ depending on how good your group did and how well you did.

As for the variation between offices, there's a mention of someone who was a third year in a suburban Chicago office whose bonus was over $50K. So, it seems there might be some variation, but the specifics aren't detailed in the WSO threads.

Sources: https://www.wallstreetoasis.com/forum/investment-banking/jp-morgan-private-bank-compensation-ladder-lifestyle?customgpt=1

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