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I would be joining JP Morgan as VP, Software Engineer. I have 15 years of experience. I have a bonus of 40k, it was mentioned in the offer letter as “targeted bonus for year 2022”. 1. What will be my bonus for year 2023 and beyond? I will get this 40K minimum next year too or it may go less? 2. I will be joining in end of July-2022. Would it be prorated? Or I will have a possibility to get full bonus? YOE: 15 TC: 200K Base: 160K Loc: Tampa, FL Thanks for your comments in advance! #engineering #software #jpmorgan #jpmorganchase
You will get the 40k unless you severely underperform. It will not be prorated. All years after this will be completely up in the air.
Heavily dependent on the team but in general a significant majority will experience a reduction in cash bonus after y1.
I think they usually would hit target bonus unless you fuck up big time. After that… don’t expect as much :( Only thing potentially is market conditions could affect it, but generally I’ve seen them fully pay it out
Yoe?
I have 15 years of experience