Vp salary at jp morgan: Page Not Found | Glassdoor

JPMORGAN CHASE & CO Executive Salaries & Other Compensation

The charts on this page feature a breakdown of the total annual pay for the top executives at JPMORGAN CHASE & CO as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. JPMORGAN CHASE & CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. JPMORGAN CHASE & CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don’t fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

Use of Data / Disclaimer

The information shown here is a reporting of information included in the company’s proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company’s name and then looking in the first column for an entry of “Form DEF 14A” (or any similar code). You may also find the annual proxy statement by going directly to the company’s website.

What is a proxy statement?

A proxy statement (or “proxy”) is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company’s annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement’s main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.

JPMorgan Salaries

JPMorgan gives you a place in history — and a fat wallet.

Neil Hall/Reuters

All together, JPMorgan Chase has an over 200-year history. 

As we’ve reported before, it played an indirect role in killing America’s first Secretary of the Treasury, winning World War I, contributing to the 2008 financial crisis, and helping avert a more catastrophic financial disaster. 

Naturally, people who work for a firm of such influence get paid quite well — judging by the self-reported salary and bonus numbers on Glassdoor, the job reviewing site. 

As is the case with other big banks, bonuses can be gigantic at JPMorgan.

For instance, the investment banking vice president salary is reported as $172,902, while bonuses nearly double the annual compensation to a sizeable $337,121. 

According to Glassdoor, here’s the combined compensation — annual salary and bonus — for 15 positions at JPMorgan, in ascending order: 

1. Application Development Manager: $144,339

2. Vice President — Product Manager: $147,074

3. Research Associate: $152,927

4. Program Manager: $160,074

5. Investment Banking Associate: $162,887

6. Vice President: $177,203

7. Vice President — Investment Bank Technology: $191,619

8. Equity Research Associate: $196,607
9. IT Director: $198,304 

10. Vice President — Quantitative Research: $228,787

11. Senior Vice President: $277,635
12. Managing Director: $296,320

13. Executive Director: $322,540

14. Investment Banking Vice President: $337,121
15. Executive Director, Investment Banking: $344,270 

Drake Baer

Editor-at-Large

Drake Baer is Insider’s first editor-at-large, working across the newsroom to help produce ambitious journalism.  
For two and a half years before that, Baer served as deputy editor, overseeing a team of 20+ reporters and editors who cover the future of work, real estate, and small business. The fast-paced team was behind some of Insider’s major packages in the last few years, including a state-by-state look into unemployment during the first year of the pandemic and in-depth profiles of “niche famous” characters such as real estate media tycoon Brandon Turner and HR icon Johnny C Taylor. They shed new light on big names, like Joe Biden, America’s imperfect leader. He also cultivated thesis-oriented ideas journalism, whether it be on why “‘diversity’ and ‘inclusion’ are the emptiest words in corporate America” or why it’s actually a horrible time to buy a house. (No, really, it is.) 
Before editing, his byline as a reporter was on the masthead for Fast Company and New York Magazine, covering the many intersections of social science, business, and economics. Baer has interviewed some our time’s leading minds, including philanthropist Bill Gates, FiveThirtyEight founder Nate Silver, NBA champion and investor Steph Curry, “growth mindset” psychologist Carol Dweck, the rapper Q-Tip, Nobel laureate Daniel Kahneman, and the man who gave a name to “disruptive innovation,” the late Clay Christensen.
Baer has published two books, the most recent being Perception: How Our Bodies Shape Our Minds, with Dennis Proffitt. In 2014, New York Times bestselling author and Wharton professor Adam Grant highlighted his first book, Everything Connects, as one of the 12 business books to read that year. He has been featured as a speaker at the Aspen Ideas Festival, presented at TedX Princeton, and moderated many panels.  
Fun facts? He’s meditated every day for over a decade, except for the days he hasn’t. He circumnavigated the globe before turning 25. He loves and can advocate for just about every food except grapefruit. And at 35, he is just now learning to draw.

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Average JPMorgan Chase & Co. Salary By Location, Job Title, and Department

Updated August 22, 2022

$73,946yearly

To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More

$35.55 hourly

Entry level Salary

$38,000

yearly

$38,000

10 %

$73,946

Median

$143,000

90 %

Highest Paying Jobs At JPMorgan Chase & Co.

While JPMorgan Chase & Co. employees earn an average yearly salary of $73,946, different roles can command different wages. Some of the positions that earn high wages at JPMorgan Chase & Co. include vice president of software engineering, vice president of application development, associate software engineer, and team leader. A typical vice president of software engineering salary at JPMorgan Chase & Co. is $148,653. Some of the other roles at JPMorgan Chase & Co. are cashier and data entry clerk. A worker with the title cashier at JPMorgan Chase & Co. earns an average salary of $30,942 per year.

Highest Paying Jobs At JPMorgan Chase & Co.

Rank	Job Title	Average JPMorgan Chase & Co. Salary	Hourly Rate
1	Vice President Of Software Engineering	$148,653	$71.47
2	Vice President Of Application Development	$143,421	$68.95
3	Associate Software Engineer	$122,752	$59.02
4	Team Leader	$121,559	$58.44
5	Associate Application Developer	$114,350	$54.98
6	Applications Developer	$113,946	$54. 78
7	Quality Assurance Lead	$111,880	$53.79
8	Operation Supervisor	$107,274	$51.57
9	Project Manager	$103,022	$49.53
10	Business Analyst	$100,324	$48.23
11	Compliance Officer	$96,613	$46.45
12	Quality Assurance Analyst	$94,534	$45.45
13	Consultant	$89,273	$42.92
14	Finance Advisor	$86,999	$41.83
15	Finance Service Advisor	$80,862	$38.88
16	Senior Underwriter	$78,926	$37.95
17	Mortgage Underwriter	$74,411	$35.77
18	Senior Loan Processor	$65,639	$31.56
19	Operations Specialist	$56,901	$27. 36
20	Specialist-Small Business	$54,427	$26.17

Highest Paying JPMorgan Chase & Co. Competitor Salaries

Based on our research, similar companies to JPMorgan Chase & Co. are Silicon Valley Bank, Goldman Sachs, and Morgan Stanley. The average salaries at Silicon Valley Bank rank the highest, with their employees earning an average salary of $112,607 per year. The employees at Goldman Sachs earn an average yearly salary of $108,830 per year, and the salaries at Morgan Stanley average $103,933 per year.

Salaries By JPMorgan Chase & Co. Competitors

Rank	Company Name	Zippia Score	Average Salary
1	Silicon Valley Bank	4.9	$112,607
2	Goldman Sachs	4.9	$108,830
3	Morgan Stanley	4.9	$103,933
4	J. P. Morgan	4.6	$91,013
5	American Express	4.8	$86,421
6	Citi	4.9	$75,483
7	The PNC Financial Services Group	4.6	$71,084
8	Capital One	4.7	$61,566
9	USAA	4.9	$59,089
10	Investors Management	4.5	$58,559
11	KeyBank	4.6	$56,777
12	Bank of America	4.8	$53,211
13	MetLife	4.8	$52,477
14	EMC Mortgage Corp	4.3	$50,293
15	Fifth Third Bank	4.9	$48,033
16	Regions Bank	4.5	$47,661
17	U.S. Bank	4.9	$46,793
18	M&T Bank	4.8	$45,852
19	SunTrust	4. 9	$44,515
20	Wells Fargo	4.8	$41,599

How Much Does JPMorgan Chase & Co. Pay By Location?

When choosing a place to work, it’s important to factor in the cost of living when negotiating a salary. At JPMorgan Chase & Co., the employees are paid different salaries depending on their location. The city that stands out for having the highest pay is San Francisco, CA, where JPMorgan Chase & Co. pays its workers an average salary of $84,045. In New York, NY, JPMorgan Chase & Co. pays a lower average salary of $80,567.

Salaries By Location At JPMorgan Chase & Co.

Rank	Location	Average JPMorgan Chase & Co. Salary	Hourly Rate
1	San Francisco, CA	$84,045	$40.41
2	New York, NY	$80,567	$38.73
3	Seattle, WA	$78,666	$37. 82
4	Boston, MA	$76,968	$37.00
5	Jersey City, NJ	$76,599	$36.83
6	Salem, NH	$75,106	$36.11
7	Wilmington, DE	$70,234	$33.77
8	Plano, TX	$68,430	$32.90
9	Chicago, IL	$67,844	$32.62
10	Tampa, FL	$67,609	$32.50
11	Denver, CO	$66,841	$32.14
12	Columbus, OH	$63,959	$30.75

JPMorgan Chase & Co. Salaries By Department

Salaries at JPMorgan Chase & Co. can vary depending on the department or organizational function. Based on our analysis, the employees in research & development earn salaries at JPMorgan Chase & Co. that are well above average, with yearly earnings averaging $125,215. Employees working in the engineering organizational function also get paid well, with an average yearly pay of $123,255. Departments that don’t pay as well at JPMorgan Chase & Co. include the retail and customer service organizational functions, with employees earning $41,584 and $47,792, respectively.

Salaries By Department At JPMorgan Chase & Co.

Rank	Department	Average JPMorgan Chase & Co. Salary	Hourly Rate
1	Research & Development	$125,215	$60.20
2	Engineering	$123,255	$59.26
3	Marketing	$104,227	$50.11
4	IT	$100,786	$48.45
5	Business Development	$98,993	$47.59
6	Plant/Manufacturing	$97,701	$46.97
7	Accounting	$83,980	$40. 38
8	Sales	$74,567	$35.85
9	Finance	$60,095	$28.89
10	Administrative	$57,781	$27.78
11	Customer Service	$47,793	$22.98
12	Retail	$41,584	$19.99

How Much Does JPMorgan Chase & Co. Pay by Department?

Best Paying JPMorgan Chase & Co. Finance Position Salaries

Rank	Position	Average JPMorgan Chase & Co. Salary	Hourly Rate
1	Assistant Treasurer	$119,082	$57.25
2	Banking Center Manager	$108,339	$52.09
3	Investment Associate	$106,677	$51.29
4	Investment Banking Associate	$105,018	$50.49
5	Consultant	$89,273	$42. 92
6	Finance Advisor	$86,999	$41.83
7	Collection Supervisor	$80,949	$38.92
8	Finance Service Advisor	$80,862	$38.88
9	Senior Underwriter	$78,926	$37.95
10	Analyst	$77,109	$37.07
11	Loss Mitigation Specialist	$76,006	$36.54
12	Mortgage Underwriter	$74,411	$35.77
13	Fraud Investigator	$72,781	$34.99
14	Senior Loan Processor	$65,639	$31.56
15	Specialist-Small Business	$54,427	$26.17
16	Mortgage Processor	$50,942	$24.49
17	Assistant Branch Manager	$48,949	$23.53
18	Bank Specialist	$48,009	$23. 08
19	Loan Officer	$42,007	$20.20
20	Relationship Banker	$37,426	$17.99

Best Paying JPMorgan Chase & Co. Engineering Position Salaries

Rank	Position	Average JPMorgan Chase & Co. Salary	Hourly Rate
1	Vice President Of Software Engineering	$148,653	$71.47
2	Vice President Of Application Development	$143,421	$68.95
3	Performance Engineer	$128,687	$61.87
4	Senior Project Manager	$127,903	$61.49
5	Database Administrator	$126,452	$60.79
6	Technical Project Manager	$125,438	$60.31
7	Associate Software Engineer	$122,752	$59. 02
8	Data Scientist	$121,984	$58.65
9	Associate Application Developer	$114,350	$54.98
10	Applications Developer	$113,946	$54.78
11	Technical Analyst	$96,320	$46.31
12	SAS Programmer	$95,771	$46.04
13	Operations, Senior Specialist	$95,700	$46.01
14	Data Analyst	$82,382	$39.61
15	Processing Specialist	$66,023	$31.74

Best Paying JPMorgan Chase & Co. Retail Position Salaries

Rank	Position	Average JPMorgan Chase & Co. Salary	Hourly Rate
1	Sales And Service Associate	$68,549	$32.96
2	Operations Team Leader	$65,548	$31. 51
3	Teller	$33,642	$16.17
4	Cashier	$30,943	$14.88

Recently Added JPMorgan Chase & Co. Salaries

Frequently Asked Questions About JPMorgan Chase & Co. Salaries

Is the pay good at JPMorgan Chase & Co.?

Yes, the pay is good at JPMorgan Chase & Co.. Compared to the industry average of $65,790 per year, the average annual salary at JPMorgan Chase & Co. is $73,946, which is 12.40% higher.

What is the starting pay at JPMorgan Chase & Co.?

The starting pay at JPMorgan Chase & Co. is $38,000 per year, or $18.27 per hour.

How much does JPMorgan Chase & Co. pay compared to Bank of America?

JPMorgan Chase & Co. pays $73,946 per year on average compared to Bank of America which pays $53,211. That works out to $35.55 per hour at JPMorgan Chase & Co., compared to $25.58 per hour at Bank of America.

How much does JPMorgan Chase & Co. pay an hour?

JPMorgan Chase & Co. pays $35.55 an hour, on average.

What benefits does JPMorgan offer?

JPMorgan offers a host of benefits, ranging from health insurance coverage to scheduled bonuses. Although some benefits depend upon your position with the company, most are available to all employees.

Have more questions? See all answers to common company questions.

Search For Jobs

Zippia gives an in-depth look into the details of JPMorgan Chase & Co., including salaries, political affiliations, employee data, and more, in order to inform job seekers about JPMorgan Chase & Co.. The employee data is based on information from people who have self-reported their past or current employments at JPMorgan Chase & Co.. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, h2B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by JPMorgan Chase & Co.. The data presented on this page does not represent the view of JPMorgan Chase & Co. and its employees or that of Zippia.

JPMorgan Chase & Co. may also be known as or be related to JPMorgan Chase, JPMorgan Chase & Co, JPMorgan Chase & Co., JPMorgan Chase Foundation, Jpmorgan Chase & Co., Jpmorgan & Chase Co., jp morgan chase, jpmorgan and Chase Bank.

JP Morgan Salaries and Bonuses

11,032 employee salaries
(for 1,872 job titles)

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Jp Morgan Private Bank Vp Salary

Jp morgan private bank vp salary –

Average jpmorgan chase vice president yearly pay in the united states is approximately $115,218, which is 20% below the national average.
Depending on the bank’s location, the work involved, the responsibilities and size of.
In the united states is $92,253 as of december 27, 2021, but.
Morgan vice president, private banking salary is $102,651 per year.
Today, the salary range is broader.
Vice president salaries at j.p.
Job site glassdoor shows the typical bank vice president or vice president investment banking salary to be close to $125,000 per year.
Wow in texas only 150k.
Want access to these jp morgan securities salary & bonus details?
Bank vice presidents previously earned average annual salaries of just over $100,000 in the past decade.

Morgan securities llc form crs and guide to investment services and brokerage products.
Morgan vice president salary is £100,126 per year.
Morgan private bank has been helping individuals and families around the world and across each stage of their financial lives.
And keep in mind that associates and higher get in at 7:30ish and leave by 5:30 or 6 every night and never work weekends.
Private bank was recognized by euromoney as the #1 private bank overall in north america.

Average jpmorgan chase vice president yearly pay in the united states is approximately $115,218, which is 20% below the national average.
Vice president (vice president) bank of america merrill lynch 2021 new york.
Jpmorgan private bank has a great platform and talented professionals, but is a very clubby organization and afforded limited professional mobility to minorities.

Show Image

JP is spending more on fines and lawyers than on

Average jpmorgan chase vice president yearly pay in the united states is approximately $115,218, which is 20% below the national average.
Please note that all salary figures are.
Jpmorgan private bank has a great platform and talented professionals, but is a very clubby organization and afforded limited professional mobility to minorities.

Show Image

Wholesale Payments Jp Salary PEYNAMT

Jp morgan chase vice president salary (1.3k salaries) 40,37,200/yr goldman sachs vice president salary (425 salaries) 35,96,169/yr morgan stanley vice president salary (380 salaries) 38,82,891/yr credit suisse vice president salary (263 salaries) 44,06,448/yr
And its affiliates (collectively jpmcb) offer investment products, which may.
Vice president (vice president) bank of america merrill lynch 2021 new york.

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Glassdoor 25 best places to work in the UK 2016 Business

And keep in mind that associates and higher get in at 7:30ish and leave by 5:30 or 6 every night and never work weekends.
Vice president salaries at j.p.
Vice president salaries at j.p.

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84 Cool Assistant Vice President Salary Jp insectza

How much does a private banker make at companies like jpmorgan chase & co.
Morgan vice president salary is £100,126 per year.
Today, the salary range is broader.

Show Image

2020 Was An Exciting Year for Chase Hit Cash Now

Now, if someone is a stud and posts q1 numbers obviously they could make more than this.
Morgan’s investment business, including our accounts, products and services, as well as our relationship with you, please review our j.p.
How much does a private banker make at companies like jpmorgan chase & co.

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J.P. Office Photos Glassdoor

For more than 200 years, j.p.
Today, the salary range is broader.
And keep in mind that associates and higher get in at 7:30ish and leave by 5:30 or 6 every night and never work weekends.

Show Image

Wholesale Payments Jp Salary PEYNAMT

Please note that all salary figures are.
How much does a vice president, private banking at j.p.
Salary information comes from 229 data points collected directly from employees, users, and past and present job advertisements on indeed in the past 36 months.

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Jp Accounting Jobs Office Manager Cover Letter

Vice president salaries at j.p.
And its affiliates (collectively jpmcb) offer investment products, which may.
Visit payscale to research j.p.

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Jp Chase Wealth Management Salary Zain Vinson

This estimate is based upon 245 j.p.
Morgan vice president, private banking salary is $102,651 per year.
How much does a private banker make at companies like jpmorgan chase & co.

Show Image

To learn more about j. p.
Wow in texas only 150k.
Primary function the banker is the face of.
Depending on the bank’s location, the work involved, the responsibilities and size of.
Salary information comes from 229 data points collected directly from employees, users, and past and present job advertisements on indeed in the past 36 months.
In the united states is $92,253 as of december 27, 2021, but.
All companies jpmorgan chase & co (258) jpmorgan chase (83) jpmorgan chase & co.
Morgan private bank has been helping individuals and families around the world and across each stage of their financial lives.
Jp morgan chase vice president salary (1.3k salaries) 40,37,200/yr goldman sachs vice president salary (425 salaries) 35,96,169/yr morgan stanley vice president salary (380 salaries) 38,82,891/yr credit suisse vice president salary (263 salaries) 44,06,448/yr
Jpmorgan private bank has a great platform and talented professionals, but is a very clubby organization and afforded limited professional mobility to minorities.

Vice president salaries at j.p.
Home view all jobs (9,514) job information.
We bring indispensable intelligence and personalized insights to help our clients.
Bank vice presidents previously earned average annual salaries of just over $100,000 in the past decade.
The average salary for private banker at companies like jpmorgan chase & co.
How much does a vice president at j.p.
Vice president salaries at j.p.
(jpmcc) salaries, bonuses, reviews, benefits, and more!
Morgan vice president salary is £100,126 per year.
Total cash compensation information is comprised of yearly base pay and bonuses.

Morgan vice president salary report(s) provided by employees or estimated based upon statistical methods.
Morgan’s investment business, including our accounts, products and services, as well as our relationship with you, please review our j.p.
$400k / $450k is not unheard of.
(jpmcc) employees is $90,630 per year.
Vice president (vice president) bank of america merrill lynch 2021 new york.
Morgan vice president salary is $141,995 per year.
Morgan securities llc form crs and guide to investment services and brokerage products.
The average salary for j.p.
Want access to these jp morgan securities salary & bonus details?
San francisco, ca 4 weeks ago be among the first 25 applicants

How much do vice presidents at JP Morgan make? [Solved] (2022)

How much does a Vice President make at JPMorgan Chase & Co in the United States? Average JPMorgan Chase & Co Vice President yearly pay in the United States is approximately $133,560, which is 10% below the national average…. read more ›

How much does a Vice President make at JPMorgan Chase & Co in New York? Average JPMorgan Chase & Co Vice President yearly pay in New York is approximately $152,334, which meets the national average. … see more ›

Average JP Morgan Chase Vice President salary in India is ₹ 40.4 Lakhs per year for employees with experience between 11 years to 20 years. Vice President salary at JP Morgan Chase ranges between ₹ 30 Lakhs to ₹ 58.5 Lakhs per year…. read more ›

3-4 years

… continue reading ›

J.P. Morgan Salary FAQs

The average salary for a Senior Partner is $136,603 per year in United States, which is 41% lower than the average J.P. Morgan salary of $234,578 per year for this job. … see more ›

Average JP Morgan Chase Associate AVP salary in India is ₹ 25.7 Lakhs per year for employees with experience between 9 years to 17 years. Associate AVP salary at JP Morgan Chase ranges between ₹ 17.2 Lakhs to ₹ 34.5 Lakhs per year…. view details ›

The Goldman Sachs Group, Inc. Jobs by Salary

3 more rows

Jul 5, 2022

. .. continue reading ›

Vice President (VP), Finance Tasks. Oversee all financial related matters where depth and scope is relative to the size of the company. Working under the Chief Financial Officer, ensure company financial plans are carried out…. continue reading ›

Can you become a VP without a degree? Yes, you can become a VP without a degree. However, there is a low probability of becoming a vice president of a company without a degree unless you were involved in the founding of the organization…. see details ›

The first step to becoming a vice president of a company is to earn a degree. While not all management positions require a college degree, they can help you expedite your career and qualify you for higher-level opportunities right away…. read more ›

The average salary for a Vice President is £101,363 per year in United Kingdom, which is 4% lower than the average Morgan Stanley salary of £105,699 per year for this job…. continue reading ›

Vice President Of Software Engineering

… see details ›

At JPM, bonuses for 2021 are supposed to be up by 40% in investment banking, according to a December report by Bloomberg. However, if this is the case, then bonuses must’ve been cut by a similar amount elsewhere: although the bank said today that it’s spent $2.3bn more on bonuses across all divisions…. see details ›

Be nice, explain your case, and listen to what your employer has to say. JPMorgan Chase’s Kelly Coffey suggests you don’t need to engage in all that “hardball” negotiation. Instead, she says, you should say just two things: “I would like to make $X.”… see more ›

How much does a Vice President make at Goldman Sachs in the United States? Average Goldman Sachs Vice President yearly pay in the United States is approximately $157,508, which is 7% above the national average. … continue reading ›

Citigroup, Inc. Jobs by Salary

3 more rows

Aug 4, 2022

… continue reading ›

Average Bank of America Vice President yearly pay in the United States is approximately $123,155, which is 17% below the national average. … see details ›

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Who in Russia receives the largest salary

Which of the managers has the maximum compensation? To answer this question, Forbes for the first time compiled a rating of the 25 highest paid CEOs of Russian companies. We limited the study to the 70 largest enterprises by revenue in 2011, excluding state corporations and companies managed by owners (Lukoil, Severstal, Rusal). By reviewing company filings, interviewing more than 10 senior recruiting consultants, and using source information, we’ve obtained an expert assessment of CEO compensation. The final figure takes into account the remuneration that the CEO receives in the company (salary, bonus, percentage of profits) and on the boards of directors of subsidiaries. Possible payments to executives outside of Russia were also taken into account.

In Russia, unlike in Europe and the USA, even public companies do not disclose the amount of remuneration of the head in their reporting. Of the 70 largest companies, only X5 Retail Group fully indicates the annual remuneration of managers. Former CEO of the company Andrey Gusev, who left the company in July 2012, earned a total of $2.9 million in 2011 ($1.02 million salary, $1. 09 million bonus, $0.76 million option program). Gusev did not make it into the top 25 CEOs, the minimum remuneration for rating participants was $4 million.

Who is on top? The top five are heads of exclusively state-owned companies. The rating is headed by Andrey Kostin, President and Chairman of the Management Board of VTB Group. According to experts, he earns a total of about $30 million a year. The total remuneration of key VTB managers in 2011 also amounted to a record $194 million. most likely receives abroad, in particular in Cyprus, where VTB has a subsidiary bank Russian Commmercial Bank (RCB). In 2011, the group’s managers received an additional $40 million from a Cypriot bank in dividends alone.

Rating of the 25 most expensive top managers – 2012

Income from the Cypriot bank can also explain the annual compensation of $ 15 million, included in the top five of the President of the Bank of Moscow, Mikhail Kuzovlev, he headed RCB until 2008 and today works as one of its directors.

“The leaders of our largest companies, such as VTB or Gazprom, believe that they should earn no less than their Western counterparts,” says a senior recruiting consultant who asked not to be named. Let’s compare VTB with the world giants. Among the leaders of the largest Western banks, James Dimon, the head of JPMorgan Chase & Co, earned the most last year ($42 million). He is followed by Lloyd Blankfein, CEO of Goldman Sachs Group ($21.7 million). But JPMorgan Chase & Co is 10 times the size of VTB Group in terms of assets ($2.3 trillion vs. $230 billion), and the US bank’s net income exceeds VTB’s by more than six times ($19 billion).billion against $3 billion).

The head of “Gazprom” Alexei Miller ranked second in the ranking with an estimate of $ 25 million. And this is a world record, if we talk about the monetary part of the compensation package. ConocoPhillips CEO James Mulva was the highest paid global oil and gas CEO in 2011 with $15. 6 million. In second place was Exxon Mobil CEO Rex Tillerson with $13.9 million. True, unlike Miller, Mulva and Tillerson received a significant part of the remuneration for many years in shares. Tillerson’s stake at the end of 2011 was estimated at $151 million, Malva – at $60 million. Miller’s shares, which he received under the options program in January 2009

Igor Sechin, who headed Rosneft in May 2012, earns as much as Miller, $25 million a year. Experts note that such parity is logical: Sechin and Miller head companies that are comparable in importance to the Russian economy.

But the compensation of the head of Sberbank German Gref – $ 15 million – is two times lower than that of Kostin. In the future, Gref, according to headhunters, will be able to earn several tens of millions of dollars on options. While most of his compensation is additional remuneration, which depends on the profits of Sberbank – under the contract, it can reach up to 0. 075% of net profit. In 2011, Sberbank’s net profit amounted to $10.75 billion. Therefore, Gref could earn almost $8 million additionally.

At the same time, Gref, according to Georgy Abdushelishvili, senior partner at Ward Howell, probably deserved this year’s high remuneration more than anyone else. “Sberbank has become truly international: if the bank used to operate in three countries, now it operates in twenty, and its assets have grown by more than $50 billion,” he notes.

In addition to Gref, according to Abdushelishvili, the head of Gazprom Neft Alexander Dyukov ($8 million) and CEO of Aeroflot Vitaly Savelyev ($2.5 million, not included in the rating) achieved serious success; read the article in the magazine about how he rebuilt Aeroflot). Gazprom Neft painlessly moved its head office from Moscow to St. Petersburg, retained key employees and continued its expansion in the Russian and international markets. Aeroflot took first place in several international ratings, significantly improving not only financial performance, but also the quality of service.

In the top ten, four places went to CEOs of private companies. Sixth — Dmitry Razumov ($12 million, Onexim), eighth — Ivan Streshinsky ($10 million, USM Holding), ninth — Vladimir Strzhalkovsky ($10 million, Norilsk Nickel), tenth — Mikhail Shamolin ($10 million, AFK Sistema “). All these enterprises, by the way, belong to businessmen from the Forbes list. In the ranking of the highest paid CEOs, the only woman is the head of Basic Element Gulzhan Moldazhanova ($4 million, 23rd place).

In general, the salaries of senior managers look much more modest in the market (see the payroll table on page 120). The growth of compensations averaged 15–20% over the past year. Managers of commercial banks began to earn more than others. This happened due to intensive consolidation in the sector, says Artur Shamilov, partner at the TopContact Executive Search agency: “As a result, the income of managers in large banks has grown, while in small ones, which continue to lose business, on the contrary, they have fallen. ”

Worst of all are investment bankers, whose remuneration remained at the same level as last year. The salaries of heads of trade departments fell (by an average of 15%). Many of the highly paid investment bankers have left the industry, they are moving to commercial banks, starting their own businesses, or simply taking a break. Of the notable appointments, the return of two managers can be noted: Pavel Teplukhin, who worked for almost 20 years at Troika Dialog, headed Deutsche Bank after a two-year vacation, and Ilkka Salonen (International Moscow Bank, Sberbank) became Chairman of the Board of Uralsib Bank.

“While before people agreed to move only with a twofold or even threefold increase in compensation, now they agree to 20-40%,” says Andrey Filippov, partner at Horton International.

Rating of the 25 most expensive top managers in 2012

Salaries of employees of investment banks in Russia increased by 20%

Archive rb. ru

August 04, 2009

Archive rb.ru

August 04, 2009

Ilya

Trying to keep investment bankers from changing jobs and risky transactions

Ilya

Salaries of investment bank employees, severely cut in autumn, are starting to return to pre-crisis levels. At Deutsche Bank and Renaissance Capital, the remuneration of many employees increased by an average of 20% in July. True, in some Western investment banks and their Russian subsidiaries, the growth in salaries is accompanied by a reduction in bonuses.

If before May of this year the level of wages in Russia was falling (the average drop was up to 30%), then with the onset of summer, HR specialists began to note stabilization: there was not a single industry where wages would continue to decline. And in some industries, there has even been an increase in remuneration, experts in the personnel market recently noted in an interview with RB.ru.

The first of the victims

The first of these industries, apparently, was investment banking, which was in the forefront of the “victims” of the crisis last fall. The trend came from the West: for example, at the end of July, the largest US bank, JPMorgan Chase, announced an upcoming increase in salaries for investment bankers. With this step, the bank is trying to compensate employees for the deprivation of bonuses, as required by the US government, which distributes anti-crisis subsidies to banks. In this case, the total amount of payments will not change.

Competitors who set out to stop the “brain drain” were forced to raise wages by management, Bloomberg reports. Among them are Citigroup, which is raising the salaries of the heads of its investment divisions by 50%, investment bank Morgan Stanley, which in May announced an increase in the salaries of a number of top managers, as well as UBS and Merrill Lynch. The Financial Times notes that as a result of these increases in the salaries of leading bankers, they approached 80% of the level of 2007, when there was a boom.

To pre-crisis levels

The wave has also reached Russian investment bankers. As the Kommersant newspaper found out, since July 1, the salaries of some employees of the Russian branch of Deutsche Bank have increased by 15-20%. Growth affected professionals with the lowest salaries, as well as those who received a corporate title last year (VP, Director, Managing Director). “The increase affected all countries with a high inflation risk,” the bank notes.

Earlier, Renaissance Capital also announced a salary increase. Since July 1, salaries at the investment bank and management company have been increased by 20-35%, and in dollar terms they have returned to pre-crisis levels.

But in most investment banks, salary increases are still due to a change in the procedure for calculating bonuses. In the Russian JP Morgan, as well as in the global one, it was decided to change the proportions between bonuses and salaries for employees holding managerial positions – the size of bonuses from January next year will be reduced, and the size of salaries will be increased. In Russia, unlike in the US, the reduction of the bonus part of the remuneration is not a condition of the regulatory authorities. But the bank found a reason to do it voluntarily: so that the desire to receive bonuses would cease to be an incentive for employees to take on big risks.

Employees of the Russian branch of Citigroup told Kommersant that the increase in salaries at the bank varied greatly for different specialists and ranged from 5 to 50%. “Any salary adjustments are not intended to increase the total annual compensation, but serve to regulate the balance between the fixed and variable parts of the compensation,” the bank’s press service said.

Raise those who have greatly reduced

Experts polled by Kommersant note that the salaries are now being increased by those banks that during the crisis have reduced them too much. In their opinion, the increase in wages is a logical measure in the face of a gradual increase in demand for employees in the financial sector: it has become important to retain such specialists again. According to a study by the Superjob.ru portal, the number of job offers for brokers increased by 9 in July0% compared to January: 70% growth in the number of vacancies for securities specialists.

• Deutsche Bank
• salary
• a crisis
• Renaissance Capital

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“Almost the entire team of my department consists of ICEF graduates”

© Higher School of Economics / Mikhail Dmitriev

Kirill Kondrashin graduated from ICEF in 2004 with a Bachelor’s degree, then entered the Master’s program at the University of Warwick Business School. He is currently Head of DCM for Russia and the CIS at J.P. Morgan (London). In an interview, Kirill told how the ICEF alumni community works, what benefits a double diploma brings in finding a job abroad, and what to consider in order to break through the competition at IB and successfully pass an interview.

How a double diploma helps you find a job

First of all, with an international diploma, it is easier to go abroad, getting a job there, which, from my point of view, is more profitable in terms of experience and future salary. A diploma of this level allows you to easily continue your studies in a foreign master’s program or PhD. It helped me get into a master’s program at Warwick Business School, but after that, in the industry, most often they look at the level of a master’s degree and career experience. For international companies, a diploma is a sign confirming the quality of your skills within the framework of global educational standards, knowledge of the language, not only Russian, but also the British culture of communication and work.

The second most important success factor at the beginning of an international career is, of course, the level of English proficiency. You can demonstrate your level of business English in the interview, which will allow you to move on to work tasks without problems already in the state, bypassing the difficult process of adaptation. I graduated from ICEF a long time ago and now I am speaking from the position of an employer. I can say that a candidate prepared in terms of language makes a great impression on me, unlike those guys who studied in Russian and are not so fluent in terminology.

What important skills does an ICEF graduate get? It implies certain specifics of teaching, methods of assessment, development of writing and logic skills, the factor of independence, responsibility, and other criteria by which education at ICEF is built. You have every reason to integrate into a new environment if you decide to go to study or work abroad.

April 25: ICEF Bachelor’s Open Day

You will find out:

In the program of the event:

• speech of the ICEF Directorate
• individual consultations for applicants and their parents
• presentation by ICEF students and alumni

Date and time : April 25, 11:00

Place : Online or face-to-face visit (11 Pokrovsky Boulevard, building R, room R-201)
You can choose the format of your participation During registration.

Participation : by registration*

* You will receive a link to the event in the mail you provide during registration

My child is currently studying in one of London’s schools – I am pleasantly surprised at how much local education is focused on teaching people to think. In Russian education, it is customary to focus on solving problems and on the factor of “getting it right”. Here they pay attention to the semantic content: what you do, how and why. This greatly develops thinking, the ability to argue and analyze decisions. Training in such a paradigm in the future allows you to quickly grow in the profession or advance in your studies.

ICEF education allows you to take a maximum of

from the best master’s program

In the British master’s program, for example, the training lasts only a year, and it can take half a year just to get used to the new system of student development. That is why it is so important to be prepared for this.

Why you should get experience in London banking

It is not necessary for everyone to go to London for an internship. But if you are studying abroad, why not work there? You can always go back, but leaving is harder. It is worth working in an international environment to understand how everything works in the largest financial or consulting companies. It is also useful in terms of immersing yourself in the international environment and seeing the best business process experience possible, because London is the world’s financial hub. Most investment banks, even those that hire candidates in Moscow, send them for internships in London. In terms of experience, breadth of knowledge, degree of professionalism, gaining practical skills, work here gives much more than in a local office. This is important at the beginning of a career.

Now at J.P. Morgan, I lead DCM Russia and the CIS and manage all investment banking products for some of the largest clients in Russia. Why was my bachelor’s and master’s degree enough for this? The fact is that for leadership at IB in Europe and the UK, it is not necessary to have an MBA level education, since this is more of a tradition in the United States – after two years of working as an analyst in investment banking, they usually go for an MBA to change their field of activity and get a leadership position.

How a Newcomer Handles the Competition and Gets Started

To get a job at IB, you have to face a lot of competition. Out of a hundred, one gets a job. The first selection factor is a diploma, at least upper second class, if we talk about the British system. Internships are very useful, especially at IB. This is a signal that the candidate understands where he is going, is aware of his duties and will make a minimum of mistakes, and this is simply beneficial for the company.

It is a big plus if the employer notes the readiness for the interview. A person must be aware of the activities of the department where he is going to work, represent future tasks, be aware of the latest transactions, about which, regarding J. P. Morgan, for example, can be Googled. When you hear “my dream is to build financial models of companies,” you don’t really believe in it if the statement is not supported by simple facts.

How the “strength” of an ICEF graduate works

Having ICEF experience behind him, a graduate quickly settles into an international company. In part, this, as well as excellent English, common values ​​and confidence in the quality of knowledge, create an environment for the formation of a professional community of graduates, both in Russia and abroad.

Many ICEF graduates who have achieved success try to hire or take on internships people who are close in spirit and knowledge

Almost the entire team of my department consists of ICEF graduates. In London, there is a rather large community of graduates not only from ICEF, but also from HSE. As a rule, students who leave at the same time, even if they are not representatives of the same faculty, maintain relations with each other. In J.P. Morgan already has such a community. Most often, the leaders of a particular department take people with a relevant background into their team – those with whom you want to work, since there will be mutual understanding and compliance with the request for a certain skill set.

How the pandemic has changed work at IB

Banks have actually been the least affected by the pandemic – the volume of tasks has only increased. In J.P. Morgan had a record year in deals last year, and companies needed more funding. But the real challenge for the bank’s management was the adaptation of newcomers. Moving work online had little effect on senior employees, but for those who had just entered the room, it was a test. In a digital format, it is harder to comprehend the corporate culture, integrate into communication and work in a team. At the departmental level, we are actively discussing this point, since the regulatory issues regarding online work have not yet been fully formed, and one of the main personnel issues is the creation of conditions for the development of young people outside the office.

Guram Andronikashvili: I compared salaries in different banks…

In his interview for the HiPO Talks project, Guram Andronikashvili, Deputy Chairman of the Board of ForteBank, spoke not only about internal changes for employees, but also about a unique 10-year experience of working “7 days a week” in a top investment bank.

– Guram, when you read about your work experience, it feels like you are James Bond, but in finance. you 9worked for JP Morgan for years, participated in transactions in almost all countries of Eastern Europe. You came to the position of analyst, and left the position of vice president. Can you tell us more about your experience?

— I studied economics at Durham University (UK) and in my penultimate year I began to think about what I want to do in life. It is clear that at the age of 17, when I entered, I had no idea about the business, how to do it or manage it. And only during my studies I realized that I was interested in what would be promising and where I could realize myself.

There were 2 main areas – management consulting and investment banking. In management consulting, you work as a consultant: you come to the company, examine it from the outside and offer your own solutions. This kind of work is very interesting because you always work with companies in various specific industries and you can offer the experience of other companies. You can work with Toyota, FIAT, Ford plants and study their business processes, immediately get the best knowledge from the practice of each of them, so that you can then implement this knowledge at a new plant under construction.

Investment banking is dealing with companies themselves. I was always interested in how companies are financed, how they are valued, how they are sold. How financial markets generally move. For me, as a person who grew up in the USSR and never dealt with such issues, all this was really unusual and interesting.

I have applied my resumes to almost all major investment banks, these are 5-6 top financial institutions that you don’t really distinguish as a student. One of them was JP Morgan. The selection process was very difficult. I recently looked at the statistics – getting into JP Morgan is harder than getting into Harvard, and there are 100 candidates for 1st place in Harvard. I know it’s true. And when you see such competition for work, it becomes a little scary.

The selection is divided into stages: first online testing, then an interview, and then the final tour – Super Saturday is 1 day during which you receive your case, write analytics, prepare your proposals and present the results at the end of the day. You go home and wait for a call. In the evening, after discussions, candidates they like are called and made a job offer.

When I got a call from JP Morgan that evening, I immediately accepted the offer and did not waste time on other interviews.

I started working in 2001, it was the time when the DOTCOM crisis happened, if you remember, all the prices of Internet companies rose very quickly in 1999-2000, and in 2001 everything collapsed very quickly. And this had an impact not only on the Internet industry, but on all markets.

For the first 2 months, the investment bank invests in all candidates, you just pass classes where you are taught the basic skills that are needed to work in investment banking. During this period, testing is carried out every week, and if you do not pass the test, then you leave the company. This is a very stressful situation. My European class had 130 people at the beginning, and by the end of the first year, only 30 remained. Many of the candidates did not want to have the lifestyle that this job requires, many simply could not stand it, and the rest were fired. You can imagine the high level of stress you get when you start at a big company with high expectations and the financial markets around you are crashing and people are getting fired all the time. But this is a good school of survival in any evolutionary system, through which you become stronger.

— If this is what everyone meets at the “entrance”, then what does it mean to work in a leading investment bank?

— When I talk about working at JP Morgan, most people don’t believe it ( laughs ) and take it as an exaggeration. This is simply because, in general, people everywhere have little experience of dealing directly with investment banks.

I’ll try to describe a typical working day. Starting hours of work are 9:00-9:30 in the morning and for the first 2-3 years you work on average until one or two at night, without days off at all. The work is very time consuming. Teams are very small because it is much faster to work in small groups than in large ones. At the same time, all clients are very demanding, and you are working on issues that are really very important for these companies. They are demanding both in quality and in speed of work.

Clients pay a lot of money for the level of analysis, market knowledge, correct alignment of tactics, thinking. We are talking about millions of dollars, and when you pay that kind of money, you expect to get exactly today what you need today. The deadline is tomorrow, even if this analysis could normally take a week.

This was our job, and your circle of colleagues are very experienced people who have achieved a lot in life, were top students at top universities. If you were the best in your university group, in your class at school, and even the best in kindergarten, then when you get into this environment, you suddenly realize that you are such an average, normal person. This is a kind of challenge that moves everyone forward.

In investment banking, you work with executives and shareholders of companies that are leaders in their markets. It’s very interesting when you’re 23-25 ​​years old, you learn how they solve their problems, how they think, how they react to different situations, you get a very rich experience.

At JP Morgan, no matter your age or rank, you are allowed to do what you are capable of doing. If you can lead a big project, you can be trusted to do it. And such responsibility makes you grow quickly professionally.

When I left JP Morgan in 2010, there were only 3 people left in my European class. It is very difficult to work in such a rhythm for 9 years, because it also has an impact on personal life.

— What motivated you to stay for these 9 years? The first time is possible, the salary, but it is only up to a certain level the driver.

– I just realized that where I am is not only my achievement, but also a lot of luck. I have many friends in Georgia who also studied well, they probably had the same opportunities as me, maybe even better than me. But I was just a little more fortunate, and I didn’t want to miss the chances that come with life.

I very often saw people in the West who were not particularly motivated, and this confused me a little. After all, a person born in England has much more chances in life than people who are born in the former USSR. And the fact that you went to a good school in a good country, with a good education, is taken by many as a given. I didn’t want to lose the chance that was given to me. I am an ambitious person in terms of my personal growth and changes, because all the deals that we have done, for example, in Kazakhstan, have had an impact on the market as a whole.

Same for ForteBank: we want to build something new for the market. I’m not interested in doing standard things, I want to change the part of the world that I touch.

— What was the most successful and the most unsuccessful transaction in your experience?

– All transactions that can be read about publicly are successful, as they took place. Unsuccessful projects can be considered in which a lot of preliminary work has been done, but to no avail. What I mean? You invest part of your life, work on a project for 6 months, and at the end of the project they say – it did not work out. In investment banking, that means you’ve wasted 6 months of your life.

Investment bankers are not lawyers who charge by the hour; they only get paid at the end of the project. Bankers work for free until the transaction is completed. If it didn’t close, you didn’t get anything from it for yourself and for your organization. Among my projects, there are almost no successful transactions for the purchase of a bank. 90% of my job was to buy, sell and take banks to the capital markets. We very rarely bought banks, despite the fact that buying a bank and preparing a bank for sale are the same in terms of time costs.

In the beginning, this was frustrating for me – we spent time preparing a deal to buy a bank, but in the end, our final recommendation to the client was to refuse. That is, we say to the client: “We know that you are ready to pay 120 units for the bank, but we do not recommend doing this, because we cannot financially justify this price, and this is important in the interests of your shareholders.” So we very, very rarely bought cans.

But now, looking back at situations 5-10 years ago, I am very pleased that we gave the right recommendations not to buy any assets at an inflated price. After a few years, all this shows up, and in most cases when we recommended not to buy, we were right. Despite our direct financial interest in concluding a deal – after all, then we receive a large commission – we recommended that clients refuse.

Our reputation and the quality of our recommendations were more important to us than short-term financial interest. I try to apply this JP Morgan principle in my life. I think it’s much better to give a frank answer and correct advice than to make one-time transactions.

Leaders often have to say goodbye to people for various reasons. How do you go through such an experience?

— Saying goodbye to employees is always hard on a personal level. Often this happens not at the personal will of the manager, but, for the most part, to fulfill the company’s strategy and due to the deteriorating economic situation. For me, this is always the hardest part of the job.

There are also situations where a person simply does not fulfill the tasks assigned to him. If an employee does not know his business and, even worse, is not ready to invest time and energy to learn and learn new things, then, in my opinion, dismissal is the only option in the interests of the company.

Often such people are aware of their incompetence, but for them this is the norm – “well, it’s okay, I’ve worked this way all my life and I’m going to do it in the future.” For me, this is unacceptable. We live in a rapidly changing world, and each of us must engage in self-development and understand where the sphere in which we work is moving. In addition, there are things that cannot be tolerated – a person can be very smart, ideological, but if he is not honest in relationships and financially, then this is unacceptable for me.

— What is the biggest difference between someone who works in investment banking and a traditional commercial bank or organization?

— The big difference is motivation. In an investment bank, you do not need to persuade anyone and convince anyone to do something. It was possible to call your colleague at 3 am and make an appointment at the office in half an hour, because at 7 am you need to prepare a document for the client. In half an hour he will be in the office. Or, for example, an employee has a wedding, but he needs to attend a meeting with a client, which means that the groom will appear at the end of the wedding ceremony, have time to run to the altar, and then immediately get into a taxi and arrive at the meeting. People do this not under pressure, but because banking initially recruited just such a pool of people – self-motivated and willing to work.

This is the difference between a traditional commercial bank and an investment bank, but this is not a difference between countries or mentality, this is a difference in the type of people and in their motivation. In any organization, people are trying to find a balance between their personal and professional lives, so many organizations need a motivation system for professional growth.

— Tell us about what employees in banks lack in order to implement their ideas, perhaps they have a fear of management or are they guided by the opinion “the initiative is punishable”?

– Lacks initiative and own thinking. But this problem is not only in banks or in Kazakhstan, this problem exists all over the world. It’s easier for people to do what they say. The person will do this every day without realizing if the process is good for the clients or the organization.

Therefore, I always tell my employees – if you see that something needs to be changed, made more efficient to create convenience for our customers – please contact us. Our bank has 8 board members and more than 3,000 employees, and it is obvious that 3,000 heads that will come up with ideas are much better than 8 heads. At the same time, 3 thousand employees see all the processes from the inside and work with them every day, and we can make efforts to change for the better.

JP Morgan also said that if you can think of a way to save money, you’ll get a bonus for that idea. And it really worked. We had over 250,000 employees in the company and the scale of savings in any improvement goes a long way. A manager cannot be an expert in every detail. If I am in charge of marketing, it is clear that the marketing people themselves must be thousands of times better than me. My task is to understand the tasks, listen to the options and try to help them make the right decision.

That is, these two skills – initiative and specialization – need to be developed in oneself.

– ForteBank is now actively developing new interesting products, wants to change the market. Are you doing this with your current team, or are you bringing in new people with a “fresh” eye?

– We do not divide people into a new or old team, we proceed from the ability of a specialist to complete a task. To perform tasks and processes typical for a bank, which have been working the same way for decades, for example, organizing a credit file, people are required not with new thinking, but with extensive experience. Other tasks, for example, to build a modern CRM in a bank, are a new task, and a new person is required to complete it.

Banks will not differ much from IT companies, there will be an old business – service points, but there is a new business, the business of the future is more of an IT sphere. Watch Gref’s last speech about how we are already late. It is wonderful that there is such awareness. He said the bank makes 40,000 changes a year and Amazon makes 10,000 changes a day! Therefore, it is obvious that we need people who can embody the technologies of the future.

— Tell us about how you are changing the internal corporate culture at the bank and what growth programs do you have for employees?

— First of all, we do a 360-degree staff assessment every year. In our bank, it is important that a person is not only a good performer, but also a good leader for his team and a good “collaborator” with other departments. This is our second year of evaluation and we give all employees feedback so that they know what aspects they need to develop in themselves on a professional and personal level.

Secondly, we have assigned different ranks to employees instead of positions. Each rank is assigned a certain salary level, which is the same throughout the bank. For example, all senior bankers receive the same salary at the parent bank and at the branches.

I compared salaries within the bank, in other banks, and it was not clear to me why people even within the same bank do the same work, but receive differently. I could not explain it in any way, it created an uncomfortable atmosphere within the company, and we decided to make changes.

We rotate employees so that people have the opportunity to develop. In addition, we want to attract talented specialists. For example, we created a team of interns from 16 best students, created the Forte Career program for them. During the year they work in different departments of the Bank to study its full functioning and understand where they like and want to work the most. We want people to be comfortable working at ForteBank in general, so that their work is assessed transparently, and everyone knows their KPIs. All employees, introverts and extroverts, should have equal conditions for advancement in the organization. It is these indicators that play a role in promotion and career growth, and not personal relationships.

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What is the salary of JP Morgan in India? – Wiki Reviews

Jobs: JP Morgan Chase & Co. (JPMCC) Payroll

• 21 Feb. 2022

Also, does Goldman pay well? Goldman Sachs has raised salaries significantly in 2021 due to both increased revenue and inflation. Goldman Sachs pays well even at the bottom of the pyramid, and summer interns earn 50 percent more than the median household income in New York.

Does JP Morgan hire freshmen? Freshmen and students can join JP Morgan India through apprenticeship and undergraduate programs, Early Insights Pre-Internship, Internships and in-house positions. .

How much does Goldman Sachs pay in India? The average salary of a Goldman Sachs analyst in India is ₹ ₹16.5 lakh per year for employees with 1 to 4 years of work experience. Analyst salary at Goldman Sachs ranges from 5.2 lakh to 31 lakh per year.

So which is better TCS or JP Morgan? JP Morgan scored higher in 5 areas: Career Opportunities, Compensation & Benefits, Senior Management, Refer-a-Friend %, and Positive Outlook on Business. TCS scored higher in two areas: work-life balance and culture and values. Both are connected in 2 areas: Overall Rating.

Does JP Morgan pay well?

JP Morgan’s average salary in the US is $93,000 for analysts (first and second year average), $137,000 for employees, and $182,000 for vice presidents. . What is the average bonus for JP Morgan in the US? The average JP Morgan bonus in the US is $36,000 for analysts, $57,000 for employees, and $68,000 for vice presidents.

Who is the CEO of Goldman Sachs? David Solomon , CEO of Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland on January 23. 2020, XNUMX.

How much does a Vice President of Goldman Sachs earn? The average salary for a vice president is $166,656 per year in the United States, which is 5% higher than Goldman Sachs’ median salary of $158,185 per year for this job.

How much does a JP Morgan vice president make in New York? How much does a vice president at JPMorgan Chase in New York earn? The median annual salary for a JPMorgan Chase VP in New York is 90,364 approximately $154,618 , which is in line with the national average.

What is the hierarchy at JP Morgan? JP Morgan has an analyst, lawyer, vice president, chief executive and managing director of , a structure similar to Morgan Stanley.

Mark Zuckerberg – the captain of the industry?

He once commented, “With a generation of young people who have been successful through the success of their companies, many of us have a great opportunity to contribute early in our lives and see the impact of our philanthropic efforts. ” Mark Zuckerberg is an industry captain for his positive ways of getting closer…

Elon Musk is an industry captain? Elon Musk is the captain of the industry as he promised to make life better with the hyperloop train, the SpaceX program, Tesla Motors and SolarCity. He also donated quite a lot to charity. These things make him the captain of industry.

Was Rockefeller an industry captain?

With the establishment of the oil company, Rockefeller controlled 90% oil business in America by 1880. A successful business is people trying to find flaws in your greatness. Rockefeller was the captain of industry , he helped improve the inventions we already had by making oil more accessible.

What made JP Morgan rich? He made a fortune at railroads. In 1898, Morgan founded the Federal Steel Company. He again merged with other steel companies to form the huge United States Steel Corporation. He made another fortune in steel.

When was JP Morgan alive?

Morgan died in Rome, Italy in his sleep at 1913 at the age of 75, leaving his fortune and business to his son John Pierpont Morgan Jr.
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What charity did Henry Ford do?

He built a trade school in Detroit and a school for African Americans in Georgia. During the Great Depression, he funded two labor camps for boys. However, two of his philanthropic projects have been particularly notable both for their size and for their strategy. The first was Henry Ford Hospital Detroit .

What did JP Morgan study? After graduating from high school in Boston in 1854, Pierpont, as he was called, studied in Europe, where he learned French and German , then returned to New York in 1857 to start his financial career. Did you know? Jingle Bells was written by James L. Pierpont, uncle of famed financier J.P. Morgan.

See also

Is John D. Rockefeller an industry captain? With the establishment of the oil company, Rockefeller controlled 90% of the oil business in America by 1880. A successful business is people trying to find flaws in your greatness. Rockefeller was Captain of Industry , he helped improve the inventions we already have by making oil more accessible.

Why is JP Morgan called a robber baron?

JP Morgans Death and Art Collection

After his death, his family decided to convert his New York home, which had a collection of his books, into the Pierpont Library. total JP Morgan did a lot to help the US with its business, but it came at a high cost to its workers. . That’s why he’s a robber baron.

What is the typical salary for someone with 10 years of experience at JP Morgan India? JP Morgan Chase Salary in India

What does a JP Morgan employee do?

You will analyze and present key data, work on projects to improve our products and offerings, and find ways to best reach our customers .