Hello everyone -
I am looking at a job within JPM Chase' Commercial Banking unit - more specifically a Healthcare, Higher Ed, & Nonprofit Banker. The salary range is $100k-$200k, but I am curious if anyone knows what sort of bonus I could expect? Also, any idea what hours would be like?
TIA!
asssociate or VP role?
The job title doesn't explicitly say, but the role requires 5 years direct lending exp. so I would have to assume it is a VP role.
Hey there!
Based on the most helpful WSO content, the compensation for roles within the commercial banking sector can vary quite a bit. For base pay, analysts in this sector earn around what investment banking analysts earn. The variance comes at the bonus, which depends on firm, location, and group performance. The range for analysts is $65-90k all in. Expect those numbers to increase at least 10k per year, and even more than that after a few years due to increased bonuses at the associate level.
In terms of hours, you can expect to put in 50 to 65 hours most weeks. During deal weeks, expect more. However, keep in mind that these are general figures and the specifics can vary based on the exact role and responsibilities.
Hope this helps! If you have any other questions, feel free to ask.
Sources: Why corporate banking instead of investment banking?, https://www.wallstreetoasis.com/forum/investment-banking/jp-morgan-private-bank-compensation-ladder-lifestyle?customgpt=1, Career Change: Stay in Business Development or Commercial Banking
I work in MMBSI. I’m not in the same SI, but I believe base pay for a VP starts at $130k at the absolute lowest, and could be as high as $200k, but I doubt you’d be that high. Not too sure about bonus, I’m still an associate so trying to learn that myself. Let me know if you get any updates!
Thanks - I'll let you know if I hear or see anything. I've started to dig around on Reddit as well.
Is MMBSI "Middle Market Banking and Specialized Industries?" Out of curiosity, how many hours does your team put in?
Yes, MMBSI is specialized industries. Wishing the firm, we tend to say “MM” which is middle market core, or “SI” meaning one of the specialized industries. I work probably 50 hours a week, but it all depends on your team. I do a bulk of the work for my team and we are in a new market so we’ve been bringing a lot of business in.
What is associate base+ bonus? And does that change if you’re in credit vs banking vs treasury? Thanks!
Also do you have any info on the syndicated finance team?
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