JPM GCB AN1 Comp?
Anyone willing to share insights on this group?
It's JPMorgan Global Corporate Banking (CIB).
I've heard it's same base as IB but lower bonuses, but just want to make sure as I saw those tidbits on older posts.
Based on the most helpful WSO content, JPMorgan's Global Corporate Banking (GCB) under the Corporate and Investment Banking (CIB) umbrella typically offers a base salary for Analysts (AN1) that aligns with Investment Banking (IB) counterparts. However, bonuses are generally lower compared to IB.
For example: - Base Salary: Around $85,000 for AN1, consistent with IB. - Bonus: Typically lower than IB, with a haircut of approximately 30-50% compared to IB bonuses. IB bonuses can range from ~70-90% of base, while GCB bonuses are closer to ~40-50% of base.
This structure reflects the slightly better work-life balance in GCB compared to IB, though hours can still be demanding depending on the group and deal activity.
Sources: JP Morgan Corporate Client Banking and Specialized Industries Salary + Bonus, Career Progression, https://www.wallstreetoasis.com/forum/investment-banking/jp-morgan-private-bank-compensation-ladder-lifestyle?customgpt=1, JP Morgan CCB, 2021 Corporate Banking?, Corporate Banking?
Thought base was sitting at 100k instead of the IB 110k?
u might be right, i did not know IB base was 110k
Believe bonus is in the 30-40% range from what I saw on previous post but could be wrong.
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