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Hello Fishbowl Family . 3.5 YE & Series 7, 6, 63
I have 2 Offers currently.
1. Associate Advisor role at JPM Chase Atlanta 85k Base. No Commission or Sales. What type Of Annual Performance Bonus can I expect in this role?
2. Retirement Planner role at Fidelity in Houston (Remote) 70k Base 15k =100% Bonus w/Cap of 30k= 200% Bonus. *My Recruiter says Growth into a Senior/Director Planner role is easier @ Fidelity. Thoughts? Advice?
Fidelity Investments JPMorgan Chase
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Depends on a few things, primarily your performance rating. There is a salary band for RA Sr. Associates for your market that sets the floor and ceiling. Your first year Sr. salary could also impact this (e.g., if you were an early promote and started on the lower end of the band), but shouldn't have as much of an impact as your performance tier. My understanding is that a 1 rating fetches between approx. 15-20%, 2 at 11-14%, and not sure below that. Not sure how consistent this is with others' experience though.
It definitely depends on the city, org structure and a variety of other factors. Year 1 to year 2 is traditionally 5-10%