JPMorgan's Hong Kong salaries and bonuses: the reality
It’s been a significant year for JPMorgan in Asia. Back in February, it appointed Filippo Gori, who’s been with the firm for two decades, as its new Asia Pacific CEO. By May, the US bank was reported to be hiring more equity analysts to help its coverage of China-listed companies. And in November, JPMorgan upped its stake in its Chinese securities joint venture from 51% to 71% as it inched closer to full ownership.
If you’re looking to join JPMorgan as an investment banker in Hong Kong, however, you won’t just be interested in the firm’s commitment to Asia; you’ll also want to have a rough idea of how much your JPMorgan salary and bonus might be. To give you an approximation of JPMorgan’s Hong Kong front-office salaries in IB, we reviewed self-reported Glassdoor base salary and bonus numbers for JPMorgan across the four seniority levels that the website has sufficient data for: analyst, associate, vice president, and executive director.
IB pay at JPMorgan in Hong Kong obviously varies from banker to banker and according to individual performance, so the figures in the table below should be seen as approximate and general guidance. Moreover, we only reviewed Glassdoor’s high-range annual salaries (i.e. for top performers) at JPMorgan, because they better reflect the earnings of front-office investment bankers, who are typically paid more than their peers in other functions. The figures do not apply to non-IB staff.
JPMorgan did not reply to a request to comment on its Hong Kong salaries.
How much will your JPMorgan salary and bonus be in Hong Kong?
The approximate Glassdoor numbers suggest that analyst-level investment bankers at JPMorgan in Hong Kong can expect to earn annual base salaries of about HK$900k a year on average, although this would vary depending on whether they are first, second, or third-year analysts. Bonuses at this level can reach HK$300k, depending on performance.
Front-office JPMorgan salaries for associates within the firm’s Hong Kong investment bank are in the region of HK$1.28m, according to the numbers that JPMorgan staff have self-reported to Glassdoor. They could potentially earn bonuses of about HK$500k.
Vice presidents in IB jobs at JPMorgan in Hong Kong earn around HK$1.6m a year. When you reach the senior ranks, there’s another large uptick in your JPMorgan Hong Kong salary. Executive directors are paid about HK$2.2m, alongside bonuses that can be as high as HK$1m, according to the Glassdoor estimates.
Investment banking salaries and bonuses at JPMorgan in Hong Kong
Photo by Natalia Mok on Unsplash
Have a confidential story, tip, or comment you’d like to share? Email: email@example.com or Telegram: @simonmortlock. You can also follow me on LinkedIn.