First year...is it true JPM paid $35k middle bucket and doesn't pay second year bonuses for people who leave for PE?

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Someone from JPM IBD please respond...this is what multiple IBD second years told me

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You get your bonus even if you leave as long as you're on payroll at the time of distribution. Not sure about middle bucket bonuses though.

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So August 15th. That's what they said. And all PE start dates are before that so none of them are getting their bonuses. They said JPM does it on purpose. That is so messed up!!!

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It's a business. Everyone knows when payouts are. When you leave you either get "bought out" for your bonuses by the new firm or you delay the start until payouts. It's standard practice.

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August 15 is not, and few firms buy bonuses out because most banks either pay out in winter or in June/early July. Not halfway to September. It's not unintentional. Most people don't actively try to avoid paying their employees.

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No

Yes

No

Yes

😩😭

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