Leaving JPMC - AMA

Mar 15 13 Comments

Leaving JPMC after working in the bank for more than 6 years across multiple lines of business. Ask me anything.
I have worked in other major banks to give you more context around how work differs from others and in JPMC.

TC: 40L
YOE: 10
#tech #notice #jpmc #AMA #askmeanything

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TOP 13 Comments
  • People suggest to stay away from banks for tech career, do you agree with that?

    Apart from legacy tech, what other factors do you think as cons of working for a bank.

    I’m about to start my new job for platform Engineering role at an Indian bank so just wanted to make sure if I’m making a right decision?
    Mar 15 3
  • If i get an offer this week or at latest by 25th, can I escape this increment in notice period ? Should I tell the other company to speed up ?
    I am a SEP
    Mar 15 1
  • I heard that jpmc is using most latest tech. compared to other banks like Goldman Sachs or Morgan Stanley. Do you agree with it? If we move to other FinTech startup after jpmc, will it be more beneficial? Do you think building domain knowledge in one segment will be beneficial?
    Mar 17 2
    • Agree with you. Tech Stack at JPMC is much more mature than at other banks right now. This is largely due to the huge tech spend which JPMC has been investing on their tools over the last few years.
      FinTech startups have just copies the business model of big players and are creating sleek software to disrupt the industry which is already dominated by big players. However, I'm not sure if many of these startups are mature in understanding the long run hurdles in running a FinTech business. There are lots of risks associated with the client's money at stake (compared to usual running of consumer businesses), hence regulations play a major role. So, i would wait and watch how these companies pan out "regulatory" and salability pressure once they become big.

      Building domain knowledge is subjective. I have seen people who were in the same domain for 20 years and I have seen people who were new to that space but still showing superior control over others who had more experience. So i don't think you have to stick with one segment always. If something interests you, then you are going to provide more attention to that space compared to something which you don't.
      Mar 18
    • Thank you for detailed reply.
      Mar 18
  • What was your profile here? How did your TC progression look ( Base vs Bonus )?
    Mar 15 1
    • TC progression has been bad. If you come with good pay into JPMC, then its awesome.
      On an average got 10-15% hike over a period of 6 years.
      All latest tech stack. If i reveal some specific ones, then it can reveal my identity.
      Mar 18
  • where next?
    Mar 15 1