JPM analyst 1 bumped to 110k and asso 1 to 175?

Just saw Litquidity post about JPM bumping. Was wondering if anyone could confirm and if this is just for IB or for markets too?

Comments (80)

  • Intern in PE - LBOs
Jan 18, 2022 - 3:49pm

I think AN1 is 115/120 cause AN2 is 125 & AN3 is 135 

  • Intern in IB - Gen
Jan 18, 2022 - 3:55pm

would the incoming interns be paid 110/115k prorated instead of 100k?

  • Intern in PE - LBOs
Jan 18, 2022 - 3:59pm

Litquidity is usually solid + other threads abt bonus talking about the raises since it's bonus day

  • Prospect in IB - Cov
Jan 18, 2022 - 4:07pm

How does A1/A2 work for salary?  Are you A1 for a full year, or from start until Jan?

  • Analyst 1 in IB-M&A
Jan 18, 2022 - 7:25pm

Confirming the bumps are true. We were told on a conference call this afternoon. 

Salary bump

  • 8
  • 1
  • Intern in IB - Gen
Jan 19, 2022 - 1:27pm

how are the bonuses like at JPM,  I saw that its not the best (wsO)

  • Analyst 1 in IB-M&A
Jan 29, 2022 - 5:05am

I think it's across the bank? Unsure honestly, I know that the Private Bank had similar raises, though. 

Jan 18, 2022 - 8:55pm
Falsaf, what's your opinion? Comment below:

We're pretty similar at my MM bank. AN at 105/115/125, and AS start at 165. Pay bumps across the street were way overdue, and this feels relatively low for a BB nowadays.

Total comp for a 3rd year analyst should be close to $200k no matter what. That's a decent amount of experience.. and even Corp Dev Associate jobs are paying close to that nowadays. An AS I know at a lower MM bank recently got into a F1000 tech company and is getting paid $220k comp all-in as a Corp dev Associate.

Many sources out there showing ~$200k for first year software engineers at Facebook and like companies. Banks won't match that, but they also can't match the tech companies on hours either. If they want top talent to be attracted to finance, they've got to continue to step it up in a multitude of ways.

Jan 19, 2022 - 1:06am
autonomous, what's your opinion? Comment below:
An AS I know at a lower MM bank recently got into a F1000 tech company and is getting paid $220k comp all-in as a Corp dev Associate.

Mind if I ask if this is in NYC and what industry? $220k tech corp dev in NYC seems reasonable but would be surprised if they made that much in a Tier 2 city in a lower paying industry,

Array

  • Analyst 2 in AM - Equities
Jan 19, 2022 - 12:49am

Is this only for IB/S&T analysts or does it include CB, AWM, Commercial Banking analysts as well. 

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  • Prospect in IB - Gen
Jan 19, 2022 - 1:43am

will hr send out new offer letters for incoming analysts about this?

Jan 19, 2022 - 3:01pm
PeRmAnEnTiNtErN, what's your opinion? Comment below:

You probably will not get a letter rather just a message, that your pay is being bumped.  No need to re-sign letters.  

  • Analyst 1 in IA
Jan 19, 2022 - 1:31pm

Current first-year at the PB and after our bonus discussion yesterday were told salaries are $105k for us effective Feb 1 (this was told to us months ago too).

  • Analyst 2 in AM - Equities
Jan 19, 2022 - 4:01pm

These raises came out yesterday though. If I remember correctly, the IB raises to the 105 scale were also earlier before the private bank adopted it. I doubt our managers had any instant communication when it happened. 
 

potentially might see some revision calls in a few days with the new salary if looking historically. 

  • Prospect in Research - Other
Jan 19, 2022 - 7:34pm

Is the bump from $100k to 110k also for markets?

  • Intern in IB - Cov
Jan 20, 2022 - 11:07am

Looking at the Bloomberg article reporting the wage increase, looks like it'll apply to Markets as well. Everyone eats. 

  • Prospect in IB-M&A
Jan 20, 2022 - 7:40am

interested too. do people know of cases of 2.5 years promotion ? how rare is it or how hard is it to achieve?

Jan 20, 2022 - 5:41pm
excellente, what's your opinion? Comment below:

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Jan 29, 2022 - 1:43am
Johnathan Doe, what's your opinion? Comment below:

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