J.P. Morgan announces bonuses (for associates and higher) on January 21. Teams in Asia are beginning to get their numbers as I post this. Good luck everyone! Let's hope all the comments below me aren't salty...
1) BBs paying low bonuses when, relatively speaking, wouldn't be super material to make people (somewhat) happy. Is more comp getting taken by seniors in comparison to the past (rather than banks reducing fee pool takehome for groups)?
2) Working at a BB for anything other than analyst reps? Not to pile on but associate comp at most MMs clearing this. 20% stock bonus 😂😂
This is a great question. For part 1, I think it’s just greed. The bank or the MDs have the money to give everyone an extra $50k of comp to boost morale, but they choose not to out of greed.
For your second question, 100% correct. It only makes sense to be at a BB if you’re an analyst, or a D/MD. Everyone in the middle gets paid like trash. VPs at BBs frequently receive lower bonuses than associate 2s at some MMs.
Director 1, coverage, £405k all-in, very disappointing yet again
i heard some directors at jp london received less than 400k gbp...and that generally people are not happy. it sounds like the european and uk guys got shafted
Sharing a non IB bonus data point. Private Bank, Single Coverage Banker/Advisor
Top performer, comp is dependent on production.
Sr. Associate 3
TC - $475k
Base - $170k
Bonus - $305k (75% Cash, 25% stock)
Promotion to VP, Salary increase to $285k. This is by no means typical and the range of outcomes varies significantly. It's not *sexy* but I leave the office at 5:15 most days.
Congrats. How come the jump in salary is so great in private banking?
It's based on the firmwide salary grid. Wherever your total comp is once you move of of Private Bank new hire metrics, your base salary resets according to the firmwide salary grid. If my TC was a bit lower, the base salary would have been a tier down.
Sharing a non IB bonus data point. Private Bank, Single Coverage Banker/Advisor
Top performer, comp is dependent on production.
Sr. Associate 3
TC - $475k
Base - $170k
Bonus - $305k (75% Cash, 25% stock)
Promotion to VP, Salary increase to $285k. This is by no means typical and the range of outcomes varies significantly. It's not *sexy* but I leave the office at 5:15 most days.
this guy is living the life lol. my Associate 3 in IB probably was all in $450k and id be lucky if was logging off at 10.15
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Not out yet no?
J.P. Morgan announces bonuses (for associates and higher) on January 21. Teams in Asia are beginning to get their numbers as I post this. Good luck everyone! Let's hope all the comments below me aren't salty...
Bump
Is it correct news?
JPM APAC office here, confirm comp talks happen on January 22
Are you sure February 22nd or did you mean January 22nd? February seems way too far out given GS and MS already released.
Brain had turned into mush… thanks for pointing it out
Its Jan-21 (today) in NA
Calls have started for seniors
Just after 1 pm USA and 1 on 1 are starting
Hearing great #s across
Bump
London numbers are looking good
What are they like?
Smart of them to pay above market this year. This will help with retention and also attract laterals during a likely hiring cycle.
Not impressed.
Level: Associate 1 -> Associate 2
Base: $175k -> $200k
Bonus: $140k (80% cash / 20% stock)
Rating: Top of class
Not great, but about the most you can expect from the BBs today, unfortunately…
Is JPM rlly the highest paying BB
Agreed this looks street for top bucket
Do you know the bonus payout date?
Jan 28
Someone wanna explain the logic to me of:
1) BBs paying low bonuses when, relatively speaking, wouldn't be super material to make people (somewhat) happy. Is more comp getting taken by seniors in comparison to the past (rather than banks reducing fee pool takehome for groups)?
2) Working at a BB for anything other than analyst reps? Not to pile on but associate comp at most MMs clearing this. 20% stock bonus 😂😂
This is a great question. For part 1, I think it’s just greed. The bank or the MDs have the money to give everyone an extra $50k of comp to boost morale, but they choose not to out of greed.
For your second question, 100% correct. It only makes sense to be at a BB if you’re an analyst, or a D/MD. Everyone in the middle gets paid like trash. VPs at BBs frequently receive lower bonuses than associate 2s at some MMs.
Hearing really solid numbers at the junior level, esp compared to GS and MS broadly
Can confirm - Pretty solid numbers across the board
Ser Jamie firing on all cylinders - League tables + Deal fees + Great Culture and Pay
’Elite BB’
Can you please post numbers
Typical JPMers
VP1 in London coverage
$360k all in (~£280k)
disappointed honestly, bonus flat on assoc3 despite salary bump to vp1
strong ratings
You got the same bonus as you did as an As3 but had strong ratings? How is that possible / make any sense
I heard mid bucket Associate 3 in the US came in at low 400s
Hours? Rating?
Disappointed
Level: Associate 1 -> Associate 2
Base: $175k -> $200k
Bonus: $135k (80% cash / 20% stock)
Rating: top performer
Associate 2
base: $200 -> $225k
bonus: $185k / $150k cash
total comp: $385k
top performer
Pretty good outcome
-
Associate 1
Salary £71k -> £85k
Bonus £11k -> £11k
Rating: S,O,O
What’s your role?? Analyst 1 pays already 70k base in IB.
Digital Markets. Also this is UK.
Level: An1 —> An2 (115k to 125k)
Bonus: 70k (90% cash, 10% stock)
Rating: Top bucket
Desk: Options desk
Good numbers in here.
For the EVR, MOE, LAZ, PWP who are yet to announce, they should beat these numbers by $50k…
At one of the banks mentioned in your comment and we're expecting >$100K delta for associates (based on above comments)
$100k!!? Wow that is huge.
How do you have that much visibility on comp without getting your numbers officially?
Let me know if easier to DM…
When is the bonus payout date for JPMC? Do we know?
Tuesday (Jan 28th)
Director 1, coverage, £405k all-in, very disappointing yet again
i heard some directors at jp london received less than 400k gbp...and that generally people are not happy. it sounds like the european and uk guys got shafted
Yes sentiment in London was very very low today. Couple this with the 5 day RTO…
IBD? wow.....
How were the VP figures stateside?
Not great for London VPs either from what I've heard today
VP1 - 260 base; 285 bonus (top) - 545 all-in
Sharing a non IB bonus data point. Private Bank, Single Coverage Banker/Advisor
Top performer, comp is dependent on production.
Sr. Associate 3
TC - $475k
Base - $170k
Bonus - $305k (75% Cash, 25% stock)
Promotion to VP, Salary increase to $285k. This is by no means typical and the range of outcomes varies significantly. It's not *sexy* but I leave the office at 5:15 most days.
Very solid and you should be proud
Congrats. How come the jump in salary is so great in private banking?
It's based on the firmwide salary grid. Wherever your total comp is once you move of of Private Bank new hire metrics, your base salary resets according to the firmwide salary grid. If my TC was a bit lower, the base salary would have been a tier down.
this guy is living the life lol. my Associate 3 in IB probably was all in $450k and id be lucky if was logging off at 10.15
Any VP numbers in the US?
BUMP
New to the firm, MO type role. $95K base, no raise, $10K bonus. NYC based. Above average ratings.
dude this is for investment banking...no one cares
sorry my b
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Et quod ullam laudantium magni. Cumque aut corporis ab est quia.
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Et voluptates laudantium molestiae ex. Qui quibusdam magni sit qui delectus quia fugit. Dolor officiis ullam animi nostrum. Consequatur facere ab rerum.
Et officia numquam commodi voluptatem. Deserunt ex quidem eligendi veniam nihil blanditiis numquam. Aspernatur maxime amet voluptates sint error ipsa iste. Qui vel quisquam ducimus eos quia omnis omnis. Non nesciunt distinctio ex. Vel qui sint architecto asperiores harum eveniet assumenda. Aperiam labore modi nam doloribus.
Iure sequi corrupti qui nemo et veritatis mollitia. Voluptates rem praesentium expedita hic a sapiente est. Fuga quos dolor ut earum.
Ut vel sint ullam suscipit tenetur ex fugit. Soluta provident vel occaecati quo sed est. Consequatur autem ducimus facilis culpa consequatur officiis dignissimos. Voluptas aut excepturi ad consequatur assumenda tempore.
Dolore ducimus nostrum molestias sequi. Molestiae cupiditate culpa impedit quibusdam. Aut possimus porro autem quisquam illo deserunt est. Rerum dolorem nihil nihil sapiente distinctio omnis ea.
Et facilis laborum quis. Repellendus cum nam consectetur et aliquid est esse. Hic accusantium dolorum aliquid cumque perferendis et. Dicta eos libero libero deleniti enim placeat dolorum.