JP Morgan CCB
I was curious if anyone had some insight to this group and what the interview process is like and how it compares to ib interviews and the technicals asked. There was a pretty insightful post from 5 years ago but was curious if anyone had insight to the group now in relation to work/life balance, pay, exit ops, etc.. Any insight would be appreciated and I have SBs for those that are able to help
A friend of mine interned there last year. Its your typical corporate banking role, $85K base first year, 30-40% bonus. Interns make street standard $85K pro-rated ($40/hr...$60/Overtime). Work life balance is a little better than IB, same for all CB/LevFin roles. Intern and 1st year training is with IBD. Companies they work with must have over $500M in revenue. Exit ops, could be moving into an IB role within the bank, or since you work with institutional clients frequently, an exit to buy-side is very plausible with solid networking and just having JP on your resume carries a lot of weight. Also plenty of other internal possibilities within JP.
Interesting that base is $85K since CCB is technically housed within JPM's Commercial Bank.
No. This is incorrect.
Corporate banking/ institutional banking at JPM is 70-75k first year. Bonus is not 30-40% either smh. It can range from 5 to 10k For the first few years.
Who ever told you that was completely mistaken. Also, interns are paid hourly at about $33 per hr. There is no overtime.
Only first year analysts inside the investment bank and inside AM get 85k base at JPM.
You're information is very outdated. That was maybe true in 2015. I currently go to a target and have multiple sources that can confirm they've upped the salary to $85K first year and prorated for interns.
So your telling me that me that my mentor, who is an ED inside of CCB for RE is wrong. -_-
Also, your telling me that first year analyst at CCB in JPM are getting bonuses of at least 25k (30%) when AM analyst (who make the bank more money) are getting bonuses of 10-15k.
I know way more people in the bank than you do from your little target school. I actually worked at JPM. I'm not on the outside looking in like you. Actually, I know the recruiter who is looking at your app and we are meeting next week to catch up. lmao
So yes, there is a possibility it may be 85k ALL IN, but its certainly not 85k base.
This is why people with NO REAL SOURCES and who are still in school should only be taken with a grain of salt.
Asked my friend who interned in CCB last year to send me a screenshot of their offer letter. Hope you confirm with your own "real sources" before ranting on this forum lol
You're so wrong it's not even funny. $85k all in for CB at JPMorgan in 2017? Get real. Most analysts are easily clearing 6 figures all in.