JPMorgan Chase & Co is a global pioneer in financial services, offering solutions to leading corporations, consumers, small businesses, institutions, and governments in more than 100 countries. As one of the oldest financial services providers in the United States, it offers investment banking, asset management, treasury, and other services. If you’re wondering how to crack the JP Morgan interview and land a great offer, Interview Kickstart is everything you’re looking for.
Expert’s Quote:
“A man always has two reasons for doing anything: A good reason and a real reason.”
J.P. Morgan
(American financier and investment banker)
So why is a global financial corporation a popular choice among job seekers for software engineering and software developer roles? Well, that’s because it also happens to be one of the world’s biggest tech companies. As a software engineer at JPMorgan Chase & Co, you’ll help design, build and support next-level solutions in the form of tools and services that will cover every aspect of the business, from investment advice and auto finance to credit cards and lending.
Every year, the company invests billions of dollars in technology so that engineers can work on innovations in electronic payments, cybersecurity, mobile, strategic technology initiatives, machine learning, big data, enterprise cloud development, and more.
If you wish to land a job at JP Morgan, join Interview Kickstart; you’ll receive training from expert instructors to crack the JP Morgan interview. We’ve trained over 9,000 alums to land lucrative offers from top tech companies. Our instructors, who are hiring managers at FAANG companies, know exactly what it takes to crack the JP Morgan interview. So, if you’re wondering how to crack the JP Morgan interview and land a hefty pay jump, register for our webinar today!
In this article, we will discuss the salaries of software engineers and developers at JPMorgan Chase & Co & Co. Here’s what we’ll cover:
- Fresher vs. Senior Software Engineer Salaries at JPMorgan Chase & Co
- Salary Levels for Software Engineers at JPMorgan Chase & Co
- JPMorgan Chase & Co Base Salary Ranges by Location
- Benefits of Working at JPMorgan Chase & Co
- Software Engineer Salary at JPMorgan Chase & Co vs. Other Technology Companies
- How to Become a Software Engineer at JPMorgan Chase & Co
Fresher vs. Senior Software Engineer Salaries at JPMorgan Chase & Co
An entry-level software engineer can expect to earn (on average) a total compensation of around $83,699, while the annual senior software engineer salaries at JPMorgan usually are in the range of $94,100 and $200,000, the average being $144,350.
Salary Levels for Software Engineers at JPMorgan Chase & Co
JPMorgan Chase & Co is indisputably one of the most sought-after employers for years now. It is a people-first company that provides numerous opportunities to its workforce to showcase their talent. Engineers who apply for positions at the company often wonder how to crack the JP Morgan interview. Well, with Interview Kickstart, you can be sure of landing that lucrative offer!
In addition to gaining technical know-how, employees can acquire functional knowledge too while working at JPMorgan. Here are the various software engineer levels at JPMC, along with the minimum experience required for each role, compensation details, and the interview process for each role.
Associate Software Engineer
| Years of Experience | Fresh graduates, Engineers with less than 2 years of experience |
| Total Compensation | Around$127,765 |
Interview Process for Associate Software Engineers at JPMorgan:
If you want to know how to crack the JP Morgan interview and land a great offer, you must first know what the interview process looks like. JPMC conducts campus placements at many leading colleges and universities around the globe. A typical JPMC campus placement is a six-month-long process composed of three rounds of assessment. It usually starts with a briefing session where the company’s history, opportunities, job role, pay, benefits, and most importantly, the road map of the recruitment process is explained.
- Online coding round
The first stage of the hiring process is an online coding round consisting of 2 questions and a time limit of 30 minutes for the first one and 45 minutes for the second one.
- Digital video Interview
The second round is a digital video Interview conducted on the HireVue platform. The candidates are required to face three pre-recorded behavioral questions. They need to record their response in a 2-minute video for each question. Each question can be attempted twice with no time limit between both attempts.
- Code for Good Hackathon
The last round is code for Good Hackathon. It is a team activity where 3 mentors are assigned to each team. Candidates are judged individually on their team management skills, working under pressure, and technical skills.
The interview process for Senior Associates at JPMorgan:
| Years of Experience | A minimum of 4 years of industry experience |
| Total Compensation | Around$142,500 |
Senior Associate hiring at JPMC is a three-round process that usually starts with a phone screening, followed by a face-to-face interview and a coding test. Multithreading, data structures, design patterns, advanced collection, SQL, Spring, and hibernate are covered. The interviewers ask more practical,scenario-based questions along with some coding questions.
Vice President
| Years of Experience | A minimum of 7 years of industry experience |
| Total Compensation | Around$189,291 |
Interview process for Vice Presidents at JPMorgan:
According to some candidate responses on Glassdoor, a typical VP interview starts with an in-person interview with three people. The majority of questions are centered on experience and what you can bring to the job. The interviewers also ask behavioral questions about how you would respond during certain situations and whether you have handled something similar in the past.
JPMorgan Chase & Co Software Engineer Salary: How Much Can You Earn?
An entry-level software engineer (with less than 1 year of experience) at JPMorgan Chase can earn an average of $99K. This includes bonuses, tips, and overtime pay.
A software engineer with 1-4 years of experience can earn an average of $143K, while a mid-career engineer with 5-9 years of experience can earn $189K.
An experienced software engineer with 10-19 years of work experience earns an average compensation of $115,043.
JPMorgan Chase & Co Software Engineer Stock Options
JPMorgan does not grant stock options at the associate and senior associate levels. Employees at the VP level get $3K per year as stock options.
JPMorgan Chase & Co Base Salary Ranges by Location
JPMorgan Chase & Co, a global financial services provider, is headquartered in New York and has 40 office locations across the US. Here’s the annual average salary earned by software engineers at the top five office locations in the US.
- New York, NY: $127,952
- Plano, TX: $99,226
- Los Angeles, CA: $125,613
- Chicago, IL: $107,677
- Jersey City, NJ: $126,043
Benefits of Working at JPMorgan Chase & Co
JPMorgan Chase & Co offers an amazing benefits package to its employees. The benefits include insurance, health and wellness, financial and retirement, family and parenting, vacation and time off, other perks and discounts, and professional support.
If you want to enjoy these benefits and learn how to crack the JP Morgan interview, Interview Kickstart is here to help.
Below are some benefits offered to employees of JP Morgan.
Insurance and Wellness Benefits
The employees at JPMorgan are entitled to various insurance and wellness benefits. They are:
- Health Insurance
- Dental Insurance
- Flexible Spending Account (FSA)
- Vision Insurance
- Health Savings Account (HSA)
- Life Insurance
- Supplemental Life Insurance
- Disability Insurance
- Occupational Accident Insurance
- Health Care On-Site
- Mental Health Care
- Retiree Health & Medical
- Accidental Death & Dismemberment Insurance
Transportation Benefits
JPMorgan provides commuter checks and assistance to employees based in the USA. Commuter checks and assistance is a transit and parking plan that allows employees to set aside pre-tax dollars to spend on their daily commute to work. At certain locations, commuter/transit vouchers are offered to subsidize the cost.
Home, Financial, and Other Benefits
Here are some of the other benefits awarded to the employees of JPMorgan Chase & Co.:
- Pension Plan
- 401K Plan
- Retirement Plan
- Employee Stock PurChase & Co Plan
- Performance Bonus
- Stock Options
- Equity Incentive Plan
- Supplemental Workers' Compensation
- Charitable Gift Matching
Software Engineer Salary at JPMorgan Chase & Co vs. Other Technology Companies
We have already discussed in detail the salary at different software engineer levels at JPMC. Let’s take a quick look at the average salaries offered by other leading tech companies in the US:
| Company | Average Annual Compensation |
|---|---|
| JP Morgan Chase & Co. | $99K |
| $192K | |
| Apple | $152K |
| Amazon | $177K |
| $185K |
As you can see, the software engineer salary at JPMorgan is lower compared to Facebook, Apple, and the likes. This is no surprise, as FAANG companies are known for paying high salaries in the tech space.
Recommended Reading: What Is the Highest Salary for Software Engineers at FAANG Companies?
How to Become a Software Engineer at JPMorgan Chase & Co
Want to know how to crack the JP Morgan interview and land a pay hike of 50%+? When it comes to software engineer roles, JPMorgan & Chase looks for enthusiastic, capable, and motivated computer science and/or engineering majors who want to contribute to its businesses directly. The company looks for candidates with an interest in financial services and excellent coding skills. These are some of the other skills and qualities they look for:
Apart from the coding skills, an ideal candidate should be able to manage relationships with clients and have exceptional problem-solving and analytical thinking skills. The company looks for people who are intellectually curious, collaborative, and open to new challenges, as well as being able to take ownership of projects to bring them to fruition.
Recommended Reading: Why FAANG Companies Test for Problem Solving Skills in Their Interviews
JP Morgan Chase & Co Salaries FAQs
Q1. How much time should you spend preparing in order to crack the JP Morgan interview?
You should ideally begin your prep at least 8 weeks before your interview. This will give you enough time to adequately cover all the important concepts in coding and systems design. Also, preparing thoroughly for the behavioral interview is key to landing that coveted offer.
Q.2 What coding concepts are important for the JP Morgan interview?
Coding is a crucial component of technical interviews at JP Morgan. If you want to crack the JP Morgan interview, exhaustively covering concepts in DSA is extremely important. Below are the important coding concepts: arrays, strings, linked lists, recursion, hash tables, sorting algorithms, graphs, trees, and dynamic programming.
Q3. What skill does JP Morgan look for?
JP Morgan seeks a varied range of applicants with strong coding and problem-solving abilities, attention to detail, and a passion to grow and develop.
Q4. How do you introduce yourself in an interview?
Begin with a cordial greeting, provide your full name, discuss your educational history and relevant job experience, emphasize essential talents and qualities, briefly describe your career objective, and show appreciation for the opportunity.
Q5. Does JP Morgan negotiate salary?
JP Morgan seldom goes over range and usually requires strong negotiating influence, such as a highly competitive offer from other corporations in a comparable pay band, such as Morgan Stanley.
Q6. Is there a joining bonus at J.P. Morgan?
There are different answers to this. It sometimes depends on whether you ask for it or not, as well as the justification you provide. Sometimes, if your compensation is 30% or less than the budgeted amount, JPMC may voluntarily award you a joining bonus. However, if your remuneration exceeds 80-90% of the budget, they will not award you anything until you can demonstrate genuine losses as a result of entering the firm.
Ready to Crack Your Next JP Morgan Tech Interview?
At Interview Kickstart, we don't just train you to crack the JP Morgan interview. We help you prepare for technical interviews at the biggest companies. Preparation and the right kind of guidance will help you ace your interview and get the right compensation package. The best way to prepare is with people who already know how to crack an interview at JPMorgan Chase & Co.
At Interview Kickstart, you can learn from instructors who are tech leads and hiring managers at FAANG and other tier-1 tech companies who know what it takes to crack the toughest tech interviews.
.png)
.svg){kind=icon}
