JPMorgan’s incoming analysts with salaries of $110,000 spark complaints


Like most investment banks looking for young talent, JPMorgan has raised salaries for its analyst class. Not once, but twice: after raising them to $100,000 last summer, he raised them again to $110,000 in January. In less than a year, the salaries of JPM’s most junior bankers have increased by almost 30%.

This has not gone unnoticed by people who have done the same job at JPMorgan, but for much less money. The Wall Street Journal spoke with one of them.

“I’ve certainly heard a lot of displeasure from my fellow bankers,” Milly Wang, a Harvard MBA graduate who herself was an analyst at JPMorgan, told The Journal. “Mmaybe there will be grunts over a drink.

Wang hasn’t worked at JPMorgan since 2018, so it’s unclear how many fellow bankers she’s still associated with. It’s worth noting, however, that when she joined four years ago, she earned a salary of $85,000, which JPM was still paying last year before her first raise.

The Journal also unearthed a new JPMorgan analyst who seems to have internalized some of the guilt of having a six-figure salary as a fresh grad. “It’s crazy to think that someone straight out of college is making so much money,” says Anuhya Tadepalli, a Cornell major who will earn $110,000 when she joins JPM this summer.

Separately, if you’re a smart single young woman, you probably don’t want to let it be known at work. Search by George Washington University and the Wharton School at the University of Pennsylvania found that women perceived as single and analytical are considered less suitable for leadership positions than married or unmarried men or married women. The bias was evident in both men and women…


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