Currently working at Citi. Good pay, great WLB, interesting work. Recently a JPM recruiter reached out for a similar position I am currently in. Interviewed with them and got a verbal offer. Have a few days to make a decision.
What are the chances of JPM accepting my counter offer? Looking at asking for a higher base of $15k.
Has anyone made the switch from Citi to JPM? How has the experience been?
Citi JPMorgan Chase
That's a good shot. Even if they won't accept the counter, you can still ask for a raise after a year or two. Best of luck :)
JPM is pushing RTO hard. From what I’ve heard, Citi is more flexible with WFH. I would definitely consider that as well.
If in New York JPM will want there fancy new building filled come 2025.
leave and come back in a year for 10-15k on top of your +15k
Much easier to negotiate on the way in than after you are already in. Worst case they would say they can’t do it, hard to imagine they would rescind an offer just for asking . This is still a tough market to find people in.
Truthfully, if you're happy, I wouldn't give it up. Are they offering you a lot more?
Just be prepared to leave if they don’t match.
Worth a shot. It always depends on how much they need you and like you. Weigh your risks that include the possibility of “being the last in, the first out” in this economy though. New place also means starting over with building rapports. Anyway, GL!
I came from outside of finance, working at a very demanding agency before. So, WLB now has been amazing. Most ppl are smart, competent, and friendly enough. It’s a big company, so you are bound to run into some not so great people. My boss is chill and I learn a lot so far. And, that’s the most important thing.
The office space is underwhelming because we are rebuilding a new corporate HQ, so if you are in NYC area, you will have to work in a rather outdated space, if you even care about this type of thing.
Need to know the offer and counter. Depends on the role/city/yoe. We might be lowballing you expecting a counter, or we might be at the top of our range already.
Absolutely ask for more money. They will low ball you with plenty of room to negotiate.
Don't do it. I just left that department they are terrible. No guidance no chance of advancing and no actual sales. They only have one bonus structure and they do not tell you how to reach the best one even if you take on extra work.
Although I don’t know what department or LOB you would be in at JPMC, I will say that a lot of departments are short-staffed which would most likely mean longer work hours. Also in my opinion, having a great WLB is priceless. If you decide to take the position, ask for what you want salary wise!!!
I would only leave if they accept your counter offer, and even then only if money is your biggest goal right now. Great WLB and interesting work might be lost to the higher salary, although you can't know that for sure.
Exactly... money has to be the most important thing to leave the rest behind. There are simply no guarantees either way.
They always pressure the crap out of candidates to accept their offer even if they drag their feet everywhere else.
[EDIT] They may be pressuring as some departments are having hiring freezes so trying to get you in under the wire. Problem is they act like it’s do or die always, like constantly crying wolf, so impossible to know the truth of it.
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Don’t let them fool you.
As for the offer, get what you want in base and negotiate your bonus. Whatever you negotiate for bonus is essentially guaranteed the 1st year. After that all bets are off. Also if you’re not front office / revenue generating, raises are 1-3% unless you get promoted or trued up, so get all the base you want now. Otherwise you’ll just be leaving in a year.
Also, don’t know about Citi benefits (I’m actually pending an offer from them), but JPMC benefits were 10-20% more expensive and less valuable than GS.
Anyways, good luck!
How long have you been at Citi? If you’ve been there over a year, I’d negotiate for more at JPM, make it worth your while, then leave Citi on good terms. Also some have mentioned RTO, Citi is requiring 3 days in office, not flexible.
Citi is not being flexible about the number of days you have to be in office. For people with team members in other locations, it’s ridiculous to require them to be in office when their entire team is remote to them. My last two teams were 100% remote to me. Going in to the office to sit by myself was ridiculous.
Go for it I signed and then almost backed out, they asked why I asked for more money they gave it I signed a second new offer. As for making the switch for more money to give up what you got well only you know if more money is needed/worth it.
Depends on so many variables, I switched and was very happy, then a few years later made a lateral move at jpm and hate it with passion