Jpmorgan chase offer
Hello blind community, I received an offer from JPMorgan chase with base and performance bonus that sum up to the agreed TC. The recruiter said that the bonus will be paid in 2024 as it is based on my performance in 2023. This means that my first year TC will be only my base (no bonus will be paid this year). What do you think best to cover this difference for year 1? The recruiter said they don’t provide sign on bonus in general but there is a relocation allowance (10k). Can I push hard for a sign on bonus? Any ideas or if someone was in a similar situation? Your input will be highly appreciated :) #jpmorgan #chase #tc
please add current TC, expected TC with breakdown for community.
I’m currently a contractor. The tc offered 180k (150/30)
Jp done give sign on bonus but push for higher bonus and more base
They don’t?
Is this for Seattle location ?
Definitely ask for the full bonus in 2023, JPMC has done this to others. It’s honoring your current company’s bonus up to 20%.
So if I start next week, will I be eligible for bonus in 2023? The recruiter said it’s paid in feb each year which is very close by date and I’ll have only 2 months work in 2022
You need to ask for it and get it in your offer letter. It’s not an uncommon ask.
Looks like you have disclosed your current pay and hence you are not able to negotiate much. Otherwise they will definitely will pay partial bonus.
I did for the tc. The question here is the bonus as it won’t be paid in 2023. I just had one call with the recruiter and I think they will follow up this week. I’m just wondering how they will compensate the bonus in year one
Never join a big bank. They are worthless for career growth.
(am an ex-JP manager) Signing bonuses at JP outside of small ones ($5-10k) for new grads are super rare. I'm struggling to remember because I rarely hired this late in the year (I'd have burned up my open headcount by end of summer), but I think I once hired someone late in the year (mid Nov) and they still got bonus the next January.
I recently got an offer from JP and my bonus for 2023 and 2024 is mentioned on the offer letter. How will it work for 2025?
So will you get bonus in Feb 2023 and Feb 2024? I mean the payment dates. I’m just trying to find a way to argue with the 30k bonus as it won’t be paid until Feb 2024 and my first year TC won’t include that
I just recently negotiated with JPMC. It is difficult to ask for signing bonus, but I was able to push for more base. Do you guys know if the targeted annual bonus amount or percentage is supposed to be mentioned in my written contract? I just reviewed my contract and found no information about bonus. The recruiter told me the bonus will be ‘JPMC standard’.
There is no standard target percentage and bonuses vary pretty wildly. Not uncommon for it to be not in the offer.
Yoe?
What are the numbers?
150 base 30 bonus
Ask for a sign on bonus, meaning, push hard. They are skinning you. Try a bit harder and go for ~30K joining bonus. Be flexible, depending how important this new job is for you. Don’t burn the bridge.