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Hi! I just accepted a Relationship Banker II role in Allen, TX. My offer letter was 50k base and 1k guaranteed commission a month first year. I just graduated w a degree in Business Administration. Basically the info I got on how commission works was pretty vague. Anyway I wanted to see what someone I’m their 1st or 2nd year can realistically expect to on average make in commission a year in this role. Also what do bonuses in the role look like? I’m hoping to just hear some ballpark numbers! JPMorgan Chase JPMorgan Chase
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Yes, I left BofA this year for an opportunity at JPM. Pros - More technologically advanced than BofA, large teams and support, JPM makes “investments” while BoFA looks to “cut expenses”. JPM is growing for the future, BofA is growing “responsibly”.
The 25% pay increase is nice too….
Cons - It’s early on but JPM is still a big bank with politics, processes, and procedures. No getting around any of it.