JPMorgan Chase & Co Software Engineer and Developer Salary — All Levels

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. 

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.

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. 

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

Interview Process for Associate Software Engineers at JPMorgan : 

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. 

  • 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. 
  • 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. 
  • 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.

Senior Associate

Interview process for Senior Associates at JPMorgan: 

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

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 $83,699. This includes bonuses, tips, and overtime pay. 

A software engineer with 1-4 years of experience can earn an average of $88,576, while a mid-career engineer with 5-9 years of experience can earn $98,102. 

An experienced software engineer with 10-19 years of work experience earns an average compensation of $115,043.

These are the broad ranges of the different salary components:

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 $1,464 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: $114,987
  • Plano, TX: $95,094
  • Columbus, OH: $92,756
  • Chicago, IL: $99,694
  • Jersey City, NJ: $120,768

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. Here’s more information on the benefits:

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: 

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

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

Ready to Crack Your Next Tech Interview?

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.

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