Why does JPMC not provide the best salary rise when it comes to retaining talent? They pay huge numbers to incoming VPs (60+ in some cases) from other big banks, but fail to reward talent which is grown within the company.
I have been working in the bank for more than 6 years and have been working in niche technologies and never got bored of work. But looking at the pay parity going around in the market, i'm loosing focus and gearing to look out of opportunities outside just for the sake of raising the pay bar. My TC has been increasing on an average of 10% which is equal to service companies in India.
What do you VPs in JPMC think about this year? Rumours are that there is going to be good hike. Now being a jpmc employee, we know what "good" means on the table. What are your views of this year's "the great resignation" and what are your plans?
YOE: 13
TC: 40 Fixed. Bonus (awaiting like the rest of you)
EDIT:
My speculation is here -
If I get a 20% bonus, my TC will become 48. If i get a 15% hike, my base will move to 46.
Now, how much do you think I can ask outside with the above? Should i mention my TC is 46+8? or 40+8?
#jpmc #payparity
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comments
What you want in your career is in your hands mate. All the best. 👍🏽
Also, JPMC did a midyear correct for few of the top performers. So the speculation "might", just might hold true, but not 100% sure
This comment was deleted by original commenter.
If I was in the comp discussion, i would have had a fair idea of how its going to be like this year. I manage few ppl though.
Looks like you are one in that 60+ range. F U. :)