JPM CIB Credit Risk Summer Analyst training
Hello all,
I fortunately recently received an offer for JPM’s Plano, TX office in Credit Risk and had a small question about the training program. The job description mentions that the program begins with a week-long training session in New York—does anyone know if this applies to all offices, including Plano & Houston? There seems to be a lot of outdated info out there on WSO with JPM relatively recently moving part of Credit Risk to Texas.
Hey there, congrats on your offer! That's a big step. Now, about your question, the context does mention that there is a training program for the Credit Risk role at JPM. However, it doesn't specify whether this applies to all offices or if JPM covers travel and hotel expenses. It might be best to reach out directly to your contact at JPM for the most accurate information.
As for the role itself, the context does provide some insights: - It's a unique program that has changed a lot recently. - The training program is the same as the one for investment banking analysts, with an additional credit-specific training. - It's a 2.5-year program. - The base salary at the analyst level is currently 85k for the 1st year, 90k for the 2nd year, and 95k for the 3rd year.
I hope this helps, and best of luck with your new role!
Are you sure about the salary progression? Any insights on bonuses or associate pay?
Not sure, that's our new AI bot that has been trained on all the best content on WSO... next week we will make it include citations so you can see where it's pulling data from so that there is more confidence in it's answers :-)
My offer letter said base salary is $90k with a $2.5 signing bonus for the internship. Assuming FT would be the same + yearly bonus & a bigger signing bonus
Same here, do you have any idea of the full time yearly bonus/ all in-comp, and how the work would be. Would we be working more on deals and levfin structuring?
Yes, you will be included in firm wide IB summer analyst training in NY, unless your offer isn’t for the CIB. Housing is paid for the week unless you are already living in NY, food can be reimbursed up to a certain amount each day I forget how much
Do you happen to know if there’s generally any free time to explore the city?
Yeah training is isn’t too in depth and is 9-5 so you should have time to do whatever with your intern class etc
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