Salary Inquiry: Counterparty Risk at JPMC
I am currently transitioning from a BB to JPMC in the 2nd Line of Defense. With 3 years of experience, a Master’s degree from a Russell Group university, and a CFA designation, what would be a reasonable salary range for this position in London?
One response
When considering a salary range for a position in counterparty risk at JPMorgan Chase (JPMC), particularly in the second line of defense, several factors come into play, including your experience, education, and the specific demands of the role.
Given that you have 3 years of experience, a Master’s degree from a Russell Group university, and a CFA designation, you are well-positioned for a competitive salary. As of 2023, salary ranges for positions in counterparty risk in London can vary widely, but here are some general guidelines:
Base Salary: Typically, for a position at this level in counterparty risk, a base salary range could be between £60,000 to £80,000, depending on the specific responsibilities and the department’s needs.
Bonus: In addition to the base salary, you might expect a bonus, which can range from 10% to 30% of your base salary, depending on both individual and company performance.
Overall Compensation: Taking the bonus into account, total compensation could range from approximately £66,000 to £104,000.
It’s important to consider the whole package (including benefits, work-life balance, career development opportunities) when evaluating what is appropriate for you. If you’re confident in your value and the skills you bring to the team, it may be worth aiming toward the higher end of that range, especially given your strong academic and professional credentials. It may also be helpful to consult resources like Glassdoor or Payscale for more recent salary data specific to JPMC and similar roles in the London area. Good luck!