If you’re weighting up whether to move to a new investment banking job in Hong Kong this year, chances are that JP Morgan will be high on your list of potential employers. That’s not just because the firm has a prestigious global brand name – JPM is also performing well in Asia. The US bank topped Dealogic’s table for APAC (international and ex-Japan) IB revenue by bank in the first quarter of 2019.
But what should you expect to earn if you join JP Morgan in Hong Kong as an investment banker? To find out about JP Morgan’s Hong Kong salaries and bonuses, we examined employee compensation from Glassdoor. We then produced the table below, which displays approximate JP Morgan base salaries and cash bonuses across the four broad seniority levels that the website has sufficient data for in Hong Kong.
We only included high-range salaries in the table, because they reflect the earnings of front-office investment bankers. JP Morgan did not respond to a request to comment on its Hong Kong salaries.
What will your salary and bonus be at JP Morgan in Hong Kong?
Front-office IB analysts at JP Morgan in Hong Kong earn salaries of about HK$702k on average, although that figure would vary according to whether they are first, second or third-year analysts. Associates take home considerably more on average: salaries of HK$1,270k, and cash bonuses of HK$87k.
It’s after associate level that the big cash bonuses start to kick in at JP Morgan’s investment bank in Hong Kong. Front-office vice presidents (VPs) and executive directors (EDs) can pocket bonuses of HK$390k and HK$1,000k, respectively. This is an average figure, however, and will vary according to performance.
Vice president and executive director salaries come in at about HK$1,600k and HK$2,200k, respectively, at JP Morgan in Hong Kong.
Investment banking salaries and bonuses at JP Morgan in Hong Kong
Image credit: LewisTsePuiLung
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