I am planning to join JP Morgan Chase palo alto in a few weeks, had a question regarding bonus given out in Jan. Do we get the full payment or it completely depends on the team/ manager and your business unit? #jpmorganchase TC:220k
Always given out mid-month in January for the entire firm. You get the 'whole' bonus at that point, with the breakdown between how much is cash and how much is RSU being dependent on how big the number is. RSU has a vesting timeline. Anything over $50k will have some portion in stock, I think 10-15%, and that portion gets bigger at higher numbers.
No I meant, if they promised 50k as my bonus do I get it all or just part of it depending on my performance?
First year guaranteed to get full amount (without proration). The next will be lower or higher wrt ind/company perf. If you are in impactful team, it should go higher.
I always chase bonus payments too
How much did they offer as base.and as bonus?
TC?
If you’re joining mid year they will probably offer a prorated bonus. Say your target bonus is 52k but you joined and worked for 26/52 weeks of the year. Your bonus will be 26k before taxes. Negotiate full, non-prorated, bonus
This is not true. No proration bonus at JPMC.
50k!? I’m in the wrong LOB.
50k is nothing in california bro i lose 25k in taxes 🤣
Yoe?
6
OP what base were you offered
I think bonuses are paid out in Feb or March actually