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This question is about banking associate salaries.
How much do associates make at JP Morgan?
Associates at JP Morgan get paid around $85,000 in a year on average. The pay for an associate position at JP Morgan can range from $75,000 per year to over $100,00 in a year.
This is because several factors influence the salary of associates at JP Morgan. These factors include education, experience level, and location.
Investment banking associates at JP Morgan interact directly with senior team members and gain valuable experience in the industry. At the most basic level, the investment banking associate role covers all areas of the firm, including sourcing, due diligence, investment analysis, and investor reporting.
This means that the more educated and experienced associates can earn more because they already have the foundational knowledge of investment banking. They can also progress more in their career and are compensated according to the value they will eventually bring to the company.
The other biggest determining factor for whether an associate at JP Morgan will make higher than average salaries is their location. Big cities like New York and San Francisco come with higher base salaries and more opportunities to get bonuses and other pay incentives.
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