JP Morgan Chase interns can expect a competitive salary, with base pay ranging from $80,000 to $100,000 per year, depending on the location and role.
The bank also offers a comprehensive benefits package, including health insurance, 401(k) matching, and paid time off.
Interns are also eligible for a signing bonus, which can range from $10,000 to $25,000, depending on the program and location.
JPMorgan Internship Pay
JPMorgan's technology interns will only be around for five weeks this year, but they're still being paid for a full 10-week internship.
They're being paid a prorated salary of £48k ($60k), which is up from £40k previously.
This increase in salaries for technology interns matches the rising salaries for JPMorgan's full-time technology graduate hires.
Banks are competing heavily with technology companies for the best graduate talent, and JPMorgan's new salary means interns are on £4k a month.
Some electronic trading firms like Jane Street are rumored to pay even higher, at £6k a month or more.
Sources
- https://www.levels.fyi/internships/JPMorgan-Chase/Software-Engineer-Intern/
- https://www.zippia.com/answers/how-much-do-jp-morgan-investment-banking-interns-make/
- https://www.businessinsider.com/jp-morgan-buzzfeed-salary-transparency-wall-street-career-journey-2023-7
- https://www.cnn.com/2021/06/29/business/wall-street-pay-jpmorgan/index.html
- https://www.efinancialcareers.com/news/2020/07/technology-intern-pay-banking
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