JP Morgan does negotiate, however, it is also important to note that JP Morgan does not pay competitively for technical roles - especially when you compare it to FAANG company compensation. That said, if you have competing offers from companies such as Facebook or Google, JP Morgan will very likely not be willing to match them. You also have to be mindful that the first offer they make you is almost never your current market value.
- Base salary
- Equity Package (It is not included in all JPM offer packages and is usually only offered starting at the VP level. Please see JPM’s RSU vesting schedule below)
- Performance Bonus
- Signing Bonus (not included in all JPM offer packages)
JP Morgan offers an Annual Incentive Compensation in cash which is awarded under the company’s performance-based incentive plan and paid in January. Even if you start mid-year, you can still potentially earn the full target bonus since it is technically based on employee and business performance. Some employees claim they received their full target bonus after their first year of employment but it would no longer be a guarantee to receive the full amount in the succeeding years of employment.
JP Morgan rarely offers fully remote roles but there have been rare cases - these are subject to leadership approval or your manager’s discretion. For hybrid arrangements, JPM requires at least 3 work days in the office.
JP Morgan does offer relocation packages ranging between $5k-10k. We have not seen JPM go above $10k for relocation. They also offer green card assistance after your 1st year.
JP Morgan does not usually offer equity and most of its compensation package is in the form of cash. In our negotiations with JPM, we’ve been able to move both the base salary and the performance bonuses by negotiating. Relocation is also negotiable considering JPM rarely offers remote roles.
JP Morgan does not usually require competing offers in writing but they will, however, ask questions about other opportunities and will also potentially ask for the breakdown of those offers in terms of base, bonus, and equity.
JP Morgan rarely goes above band and would usually require strong negotiation leverage such as a high competing offer from other companies in a similar pay band such as Goldman Sachs and Morgan Stanley.
Your relationship with the hiring manager can play a big part in successfully negotiating with JPM. For example, we’ve seen JPM recruiters defer some decisions to the hiring manager, such as extending the deadline for an offer. However - as with most companies - this varies by team and individual hiring manager.
JP Morgan’s hiring process usually consists of 4 rounds of interviews before the offer stage..
- Online numerical test
- HireVue interview - a video-based interview that uses an algorithm to test non-verbal cues – such as facial expressions, eye movements, body movements, and nuances of voice.
- Technical interview
- HR round - usually the final round which involves technical and behavioral interview questions.
While JPM's base salary and performance bonus should be the focus of your negotiation, it's worth comparing perks with your other offers.
- Health and wellness benefits: They offer insurance plans for dental, vision, life, accidents and disabilities. Their healthcare packages can also cover family dependents.
- Time off programs: The company provides 20 days PTO.
- Retirement savings and programs: Includes 401(k) savings plan, retirement plan, and stock purchase schemes.
- Employee programs including parental leaves, back-up childcare services, flexible work options, discounts on banking services, electronics, entertainment, fitness programs, travel and more.
Analyst (entry) - 502 to Associate - 601
Senior Associate - 602
Vice President - 603
Executive Director - 604
Managing Director - 605
Equivalent Level at Google
L3
L4
L5
L6
L7-L8
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JP Morgan
has a unique set of negotiation policies. If you don’t have experience negotiating with them, you risk losing out on large amounts of money because of very small mistakes.
There are many of these rules you need to know to get the highest
JP Morgan
offer possible.
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Company-specific negotiation guides
