Current second year in a JPM product group (M&A/LevFin/IGF/ECM). First year bonuses this year were extremely good overall, but the range was also huge. Although obvious, I'll caveat by saying that since COVID the bank has put up record numbers and we were all on the brink of exhaustion. I say that because in a "non-covid" year it's safe to assume these figures wouldn't be as high. A few confirmed data points I have are below and were consistent (to my knowledge) across both product and coverage:

First year:

Number one ranked analyst in group: $95k.

Top: $85-$90k.

Mid: $55-$75k (huge range).

Bottom: Lowest I heard was $40k? I think this was the extreme of the extreme.

Second year:

Both top and mid buckets were >=$100k. I have one datapoint for top of ~$120k, but just word of mouth for mid. Would be curious if anyone has detail there.

Feel free to let me know if any other questions, I'm pretty open about this stuff.

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At the analyst level bonuses and buckets across groups are pretty much the same. I have a lot of friends in other groups and their figures were more or less the same based on similar feedback during the review/bonus process. With that, an analyst in Tech NYC made basically the same as a LevFin, Consumer & Retail, or M&A analyst all else equal. 

Yes I'm in NYC. Placements are all about networking and how well you clique with a particular group. Really make a point to show why you want to be in a particular group vs. another candidate. If you're interested in Tech don't just say because you like computers and video games. Talk about what event in your life actually kickstarted your passion for the industry. Maybe you read the Steve Jobs book and realized it's an industry that evolves like nonother. Maybe your parents worked in Tech, which you found to be really cool and this gave you the best of both worlds between Finance and Tech. Don't say something simple that people have heard 100 times. Then do some homework and put together some high level thoughts about the industry. Talk about some recent events (anything topical news wise, recent M&A, etc...), where you think the industry might be heading, any companies in particular that interest you and why? That's what makes kids stand out to me. 


Maybe a small tangent as it relates to placements, but I think this advice is really important and is often overlooked on WSO. Please don't gun for groups based on prestige and exits vs. interest and passion. This job is what you make of it and you will work a lot. If you spend all this time working in an industry/product that you have absolutely no interest in your days will be longer and your late nights working will be even more painful. When you have even the slightest interest in your work you'll be amazed at how well you can do. Sure people survive their analyst stint doing the opposite of what I'm recommending, but I promise you you'll find your experience as an analyst a lot less painful when you find a group you're really passionate about. With passion comes hard work and with hard work you really can do anything.

End rant.


Is SPG different from the structuring and orig that is under markets? Or is it referring to the same thing


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