JPM to Raise Analyst Base
Just saw on Litquidity's insta page - AN1 base to 100k, AN2 base to 105k.
- Can anyone confirm?
- Does this set the precedent for other BB's to follow?
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https://www.businessinsider.com/jpmorgan-is-raising-base-compensation-f…
Wish Goldman would follow…
Can confirm; had a call today where it was announced.
does it include first first year base for S&T/ER or just IB?
Just IB, same as other banks' pay bumps
Does this apply to other divisions or just IB?
Can also confirm this as well, effective July 1st. Too bad it isn't retroactive for the past year.
Do analysts in Hong Kong get the raise as well?
Does this apply to Canadian offices as well?
Anyone know if SA 2022 will get paid at 100k or will it remain at the original 85k pro rata on the contract?
Will they update salaries for incoming analysts/associates?
Any raise for associates?
Will this apply to the UK?
By far the most influential bank to raise comp. Definitely enough for the rest of the BBs to follow. In the meantime, I see plenty of GS/MS kids going with JPM offers with virtually the same dealflow/prestige/exit ops and it makes it all the more desirable to bankers elsewhere.
Gamechanger.
Any change for associates?
why not S&T and ER???
Cause you guys work half the hours of banking
yeah but it used to be everyone get the same pay as analyst besides bonus wtf
Also main drivers of revenue and profits for CIB over the past year— we always got the same base so idk whu it's different. IB prospects clearly think they're all that matters lol
I hope you have been around long enough to know that titles on WSO don't actually mean anything.
Someone from the Markets division needs to create a presentation like Goldman's ibd analysts did
.
any idea whether this applies to capital markets or product banking (DCM/Securitized Products) groups? We've been hounded here too
Pubfin as well?
is corp banking included in this?
Markets had a call today. There won't be any salary increase until August at the earliest where it may be decided at the town hall. It also may be decided at the beginning of next year. The Markets banking teams don't get the same love, even though during covid and now have probably worked more than coverage bankers.
Sounds promising
What were bonuses for markets people this past year?
Do you mean markets as in Cap markets or S&T? Thanks.
Yes to S&T. All spread product banking teams are part of S&T
any news on salary bumps in london?
Any solid news on markets salary bump?
Lots of conjecture here. Markets is going to 100, can confirm through talks with S&T/ER JPM SA. It's a nice and welcome change.
Wonder if it is inevitable now that we see other banks markets divisions raise as well
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