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 JPMorgan AADP

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TSez4ence
post Mar 8 2024, 10:54 AM, updated 2y ago

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Hi fellow sifus,

I attended JPMorgan’s superday interview for the Asia Analyst Development Programme (AADP). I was wondering if any sifus would be willing to share with me how is it like in JPMorgan Malaysia.

1. How is the work culture in JP
2. The pay, increments and bonuses
3. Prospects after the programme

Thank you in advance to the kind souls who are willing to the time out of their busy scdehules to entertain a macai like me.

This post has been edited by ez4ence: Mar 8 2024, 11:00 AM
TSez4ence
post Mar 13 2024, 09:38 AM

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QUOTE(Mavik @ Mar 12 2024, 08:26 AM)
Work culture is the typical American style where you really need to work hard and show performance. Very little room to slack and everyday can be a hectic day.
The pay, increment and bonuses are worth the amount of work that you put in. At the early start you can typically earn from RM20k all the way to RM50k easily (especially if you have CFA Level 3)
Not too sure about the program, as these were mostly direct hires
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Thanks for the heads up into their culture and pay!

I currently have only passed CFA level 1. May I ask is CFA necessary in all the departments in JP or just the IB, Markets etc.

Wow! The pay looks amazing. I would perhaps its total compensation incl bonuses that bump it to the 20k to 50k level.

If youre not in JP anymore, were the exits from JP good?

And again, I thank you so so much for taking time to answer my small potato questions
TSez4ence
post Mar 13 2024, 09:56 AM

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QUOTE(Mavik @ Mar 13 2024, 09:42 AM)
It isn't total comp, it is base salary. I wasn't in it but my best friend was. He shared to me that only having the CFA level 3 did they take notice of him during the hiring process (we came from engineering backgrounds). I do have to warn you that he exited as well and took a pay cut as he couldn't handle the stress and pressure after about 7 years.
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Coincidentally, I am also from engineering background haha. Wow, 20k base is tons of money, may I ask what is his job title (Vice President)?

Is he in the investment banking department? And how about you, are you still in engineering?
TSez4ence
post Mar 21 2024, 11:52 AM

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QUOTE(JC999 @ Mar 19 2024, 12:10 AM)
All this MNCs usually have pay equalisation, they won't pay you so far from their US counterparts. In US, a tier 1 FI average now should be 60-80k usd p.a for fresh recruits
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Does it still apply to JPMorgan Malaysia? Because I’ve seen other post talking about JPMorgan Malaysia compensation is not that much different from your IB in Malaysia and that pay is not much.
TSez4ence
post Mar 21 2024, 08:17 PM

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QUOTE(JC999 @ Mar 21 2024, 03:31 PM)
Yes it should I ve seen most MNCs using this method for compensation.
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I see, thanks for shedding light on this detail! May I ask if youre in the banking industry as well

 

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