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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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Did you see the JD, their CV and interview them?
Wow. I’m surprised people agree to that. I think if a company recorded my interview, it would make me wonder what else they might be recording / monitoring. Seems like a serious lack of trust!
If they didn’t consider you when creating this role, then you’re likely not in consideration :(
I mean that’s possible and if that is the case, I’d definitely like to know what need to work on.
But this role was first created when I was one month in so it’s fair that they wouldn’t consider me. They also promoted 2 ppl to this role 2 weeks ago and they’ve been working for 9 months and I’m still on my 4th month so I also understand why they wouldn’t consider me since it would look unfair to those who waited 9 months for this.
I just feel like the company’s requirement for this role is a bit mirky in the sense that someone with less experience can somehow qualify for this role but ppl in my role aren’t because it’s too soon to promote even if they have more work experience + knowledge of the company
Do you work at a small or large agency? The reason I ask is small agencies, there is (often) less turnover and promotions have to be more based on need. Large agencies (if doing well) have more leeway to promote jr people when they are ready vs when someone else leaves or is promoted.
At my company, I’ve noticed entry level people typically take about 1.5 years to get promoted. However, the level above them we hire people with at least one year experience (we need to do this to have a large enough pool of applicants), so sometimes we end up in the awkward situation you are at where someone is hired for a level above but actually has less experience. But then if they were hired at this one level above entry level, it often takes them a year and a half to get promoted, whereas the person who started entry level may take a year and a half to get promoted, but by then has a strong enough foundation they quickly move through the next position l or two (I’ve seen people even get promoted 6-9 months in) so they ultimately end up at a higher role faster! This is also more true at agencies that have more layers, so your company adding another layer may help you get promotions faster.
Wow if that is the case, maybe I should shop around since my experience pre-grad and post-grad might be enough to land a more senior role than what I have now.
If timing is all that sets us apart, maybe I should take advantage of this current situation 🤷♀️
I’ve also been at a small agency that after me being there nine months hired someone a level above me, which was rough because I knew unless someone left I couldn’t get a promotion. So once I hit about a year I left and got a title and pay bump elsewhere!
Thanks for sharing this! I know leaving is an option and it’s definitely something I’m going to consider when I hit my one year mark at my current company, depending on how my career progresses with them