Does anyone work for JPMC? Can you help me with this? My boss told me that Managing Directors at JPMC are architects. However, my understanding is that they are high-level leaders who make strategic decisions. I believe my boss is mistaken. Can someone please clarify? Thank you! #jpmorgan #jpmorganchase
There may be a few who are architects, but most are high level management. The CIO is an MD.
Second that
MDs are the highest designation. There's no real IC track vs Management track at JPMC (although recently they are trying to do that but only to an extent) So MDs are the equivalent of the distinguished engineer, and they are also the equivalent of senior directors. Some MDs solve large scope strategic problems impacting the work of hundreds of engineers across the org. Other MDs solve large organisational/business problems.
At banks, titles work differently. MD is the highest title you can get. Even CEO has an MD title.
What's the comp for tech mds in jp and Citi these days?..anyone has accurate numbers
JPMorgan has about 1,600 managing directors, according to 2019 CNBC report. 😂
Banks have too many MDs, Heads etc, VP, AVPs are manager, lead of a small team
All pets and family members get director position automatically.
Tc
It depends, if they are an MD outside of tech, I doubt there would be architecting in that role. A lot of MDs in tech are responsible for building or developing solutions as the company is highly siloed but usually delegate large sections of it to EDs who trickle that down the chain/etc.
Not true
You’re both right, there are tracks for both technical MDs and management MDs. You see *a lot* more on the management track though, probably 90%. Neither are as high level as you might be thinking. Title inflation is huge here. Technical MDs do serve as architects while the management MDs are mostly on the business side. Some have further reach than others but most only govern a single project or organization. This is just my experience though. Other orgs and lines of business may have different standards.
Ahh I see, I don’t see too many MD where I’m at probably because my organization is like 5x smaller than JP. Are engineers respected and paid decently at JPMC? I know they are a cost center and not comparable to faang but their numbers seem pretty reasonable even compared to mid tier tech companies.
Why does JPMC need architects? Maybe once in 10 yrs they might need for a year or two.
I mean solution architects / enterprise architects, etc.