BB Credit Risk FT Offer

Based on the most helpful WSO content, here's what you need to know about salary progression and bonuses for a CIB Credit Risk role at J.P. Morgan:

Salary Progression:

• Analyst Level:

  • 1st Year: $85,000
  • 2nd Year: $90,000
  • 3rd Year: $95,000
  • Note: The program is 2.5 years, so for full-time, your first 6 months will be at $85,000, and you move to $90,000 for the next 12 months.

• Associate Level:

  • 1st Year Associate: $105,000
  • Note: Associate pay is considered less competitive compared to other roles.

Bonuses:

• Analyst Level:

  • Bonus is slightly discounted compared to Investment Banking (IB) roles, with a difference of about $5,000.
  • 1st Year Bonus: Tops out at $55,000, but the average performer typically receives around $30,000.
  • Initial 6-month period: Trivial stub bonus of $10,000 (pro-rated to $20,000 annually).

• Associate Level:

  • Bonus disparity grows as you move up the ranks, especially post-associate years.

Additional Insights:

• Training:

  • Same summer and full-time training program as IB analysts, with additional credit-specific training (3 days for summer, 1 week for full-time).

• Career Progression:

  • Exit opportunities include internal lateral moves, credit funds, corporate development, executive training programs, portfolio risk, and occasionally PE/HF, though the latter is less common.

• Work Environment:

  • Generally good culture and hours, with few difficult personalities on the floor. Efficient workers typically don't stay past 10-11 PM on weekdays unless there's urgent work.

For more detailed insights, you might want to check out related threads on WSO or perform a LinkedIn search to see career trajectories of individuals in similar roles.

Sources: CIB Credit Risk J.P. Morgan, JP Morgan Corporate Client Banking and Specialized Industries Salary + Bonus, Career Progression, Q&A:Commercial Banking SVP Ask Me Anything, Career progression at various banks