CEO Compensation at JPMorgan Chase
JPMorgan Chase CEO Jamie Dimon made $34.5 million in 2021, $3 million more than the previous two years. The bank reported $48.3 billion net income in 2021, a 66% increase from 2020 and a third more than its previous record. Dimon’s pay comprised a $1.5 million base salary and a $33 million performance incentive.
Compensation Details for JPMorgan Chase Employees
- The average JPMorgan Chase executive director earns approximately $186,100 annually, 124% above national average.
- Analysts receive an average bonus of $36,000, associates $57,000, and vice presidents (VPs) $68,000.
- VPs in New York earn at least a $150,000 base salary.
- With incentives and benefits, total annual compensation can exceed $1 million.
- Two-thirds of JPMorgan’s job openings are external hires.
- Jobs at its New York City headquarters tend to pay more than other U.S. locations.
Leadership and Future Outlook
- Dimon has served as CEO since 2005. He believes artificial intelligence will revolutionize JPMorgan’s operations from trading to error detection, even equity hedging.
- Though Dimon’s succession is often speculated, JPMorgan’s board likely won’t execute a transition soon. Strong leadership remains instrumental to the bank and its investors.