JPMC Private Bank Comp Day 2024:
Trying to get some insight on how peoples numbers looked this year.
Age, YOE, Bonus, Salary Increase, Location.
Trying to get some insight on how peoples numbers looked this year.
Age, YOE, Bonus, Salary Increase, Location.
Career Resources
An1: 100>105k base, 8.5 Stub
An2:105>110k base, 15-27 Bonus
Jr Assoc: 135k base, 30+ Bonus(wide range)
Sr Assoc: 150k base, stub for first years, not sure exact amount (~45 is my guess)
An2s are promoted to Jr Assoc in summer with a Base bump to 135 in July/August.
Numbers for a large market (Non-NYC)
Are senior associates stub + flows or?
First year Sr. Associates are “technically” not capped at a stub, but 90% of the time are. For their first comp year, the flows have to be from completely new clients/prospects. Anyone with prior coverage/accounts would not count for the stub year. After that it goes to the standard $25k/$5MM in flows for SC.
im starting as an analyst in July, does this mean after December base goes from 100>105?
Yes, effective Feb 1 and Feb 15th pay date for raise.
At what level could one expect to start after having done a reputable 2 year PE Analyst program?
What are the promotion cycles from Analyst —> Junior A —> Senior Associate usually?
Thanks.
2nd year Senior Associate (32 years old, joined out of MBA)
Base - $170k
Bonus - $225k
TC - $395k
Non NYC regional office, a top performer
Was this through OCR and internship?
Currently doing my MBA and interested in the field.
Yeah, through the MBA summer associate program
How many flows or other metrics did you have to achieve for this bonus?
$45MM in flows for this
How big of an outlier are you? Any idea what average was?
Expectation is 5MM for your first year and from what I've heard, 10MM puts you at top 25% nationwide.
To add to this thread: 2nd year analyst in PB Solutions. Bonus was disappointing IMO, sub $25k on a $105 base. Base to move up to $110…
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