Hello, Need to know whether JP morgan asset management mentions total compensation on the offer letter. I am told that it is JP morgan "policy" that they don't mention eligible variable pay (bonus) / total compensation on the offer letter. They just mention the base salary. Base: 135 K Bonus: 10 K Total: 145 K Location: NY/NJ Position: VP No signing bonus. No stock options. Below avg benefits.
I do not have bonus or TC on my offer letter
Thanks. Did you join recently? Did they give you bonus approx that they discussed while making you an offer?
I joined years ago. The bonus was not discussed during the negotiation.
They will not mention bonus on offer letter. It's a "target" bonus but it's usually granted at 100%. Most companies follow this standard. 10k for vp in nyc metro is not great so you won't have a problem getting it. Did you negotiate?
Yeah negotiating. So i have worked for companies which mention total compensation. This seems to be new. Does a VP in ny/nj go upto 200K?
I have an offer from another company now, and they handled it the same - no bonus on offer although it was part of negotiation. I did get it via email confirmation and will raise with manager day one for further assurances. I don't know awm comps but in corporate tech a vp can exceed 200k although rare. Did you give up your hand before they offered numbers - Told them current comp is less than 135k or just ask for 135k?
OP, can I check which function did you interview for? I am also looking to apply for VP roles in JPM AM
What role is this for?
VP role and pay is 135 K base ? Does VP = “Vice President” ? Generally BSA position makes more than 145 k base. I am surprised, unless it’s has different meaning to VP.
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Thanks. Did you join recently?
i did, a few months back