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J.P. Morgan Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at J.P. Morgan, including base salary, bonuses, and total compensation at every level.
$110,000
$215,000 - $255,000
$345,000 - $395,000
Analyst Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $110,000 | $80,000 - $110,000 | $215,000 - $255,000 |
| Analyst 2 | $125,000 | $100,000 - $135,000 | $225,000 - $260,000 |
| Analyst 3 | $135,000 | $110,000 - $150,000 | $245,000 - $285,000 |
* Stub bonus of $15,000 - $25,000 may apply for analysts starting mid-year.
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $175,000 | $120,000 - $170,000 | $345,000 - $395,000 |
| Associate 2 | $200,000 | $150,000 - $220,000 | $350,000 - $420,000 |
How JPM Compares
JPMorgan matches Goldman Sachs and Morgan Stanley at the top of the bulge bracket. Bonuses run 10-20% higher than Citi and Bank of America, and significantly ahead of Barclays and UBS.
Benefits & Perks
Meals & Transportation
Meal allowance after 7pm, car service available
JPM Compensation Overview
JPMorgan maintains top-tier compensation as the largest investment bank by revenue. The firm's bonus philosophy ties closely to deal league tables and individual performance metrics tracked through mid-year and year-end reviews. Analysts in M&A, leveraged finance, and healthcare tend to see bonuses at the higher end of ranges due to strong deal flow. JPM's scale provides consistency in compensation even during market downturns, with the firm historically maintaining its bonus pools when peers cut back. The stub bonus structure helps analysts manage cash flow in their first year. Overtime pay is rigorously tracked, and analysts benefit from the firm's broader resources, including training programs and internal mobility to other divisions.
Frequently Asked Questions
What is the total compensation for a first-year analyst at J.P. Morgan?
First-year analysts at J.P. Morgan earn a base salary of $110,000 with a year-end bonus of $80,000 - $110,000, bringing total compensation to approximately $215,000 - $255,000.
How do JPM bonuses compare to other Bulge Bracket banks?
JPMorgan matches Goldman Sachs and Morgan Stanley at the top of the bulge bracket. Bonuses run 10-20% higher than Citi and Bank of America, and significantly ahead of Barclays and UBS.
Does J.P. Morgan pay overtime?
Yes, J.P. Morgan does pay overtime to eligible analysts, which can meaningfully increase total compensation.