Getting recruited by JP Morgan for Banker/VP role. What are the pros/cons to a salaried position like that vs me growing my own book where I am now? It’s a slow grind to build a book and considering jumping ship

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Where are you now?

I’m guessing this is for the private bank or chase wealth management, not JPMA. Limited earning potential with salary vs unlimited potential. If you need structure then it will help you. Cwm will help with leads because you’ll be in a bank branch but you have very limited investment options. Are they recruiting you for a team?

Because the people who do that outside of a salary + bonus role will always make more than those bankers with the same AUM.

where are you now to compare? i would consider how you’re compensated as an employee versus as a business owner / partner. this is often missed in that your hard work can erode w simply how your comp is taxed especially in a rising tax environment for those that are highly compensated (W2, k-1 or solo llc, etc) imho

If you are having trouble building your book now, JPM private bank could be a good place to develop your network in the UHNW segment. It’s a great place to learn, high performers do get compensated well, but you have to drink the kool-aid to get ahead there. I spent 10 yrs there, pave the path to where I am today.

Spot on about the Kool Aid.

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