Chase Product Manager VP promotion salary negotiation

Question

To my knowledge, I'm on track to be promoted to VP at the end of this year. I joined straight from undergrad in 2020 and will have ~4.5 years tenure by year end.

Current all-in comp is around $115k as a Sr. Associate (1.5 years Analyst, 3 years Sr. Associate). All in the Digital space, mostly on the same Product team.

I've been told I'll only officially find out if I got the promotion in mid-January.

Can anyone speak to whether there is room for salary negotiation at that time?

Additionally, given my tenure and experience, does anyone have a guess at the comp I could expect?

While the process is underway, now I'm wondering if it's too late for me to negotiate my Sr. Associate salary, if the VP promo falls through for some reason. Not to be self-aggrandizing, but no promotion would be untenable given positive feedback on my performance and my current situation, generally. No promotion AND a standard 3-7% salary boost would be REALLY untenable.

Thanks to anyone who read this far.

Any insight is appreciated.

cool1982 · Accepted Answer

Quit JPMC. They don't pay a decent salary. 115k for half a decade of experience seems like a low ball. Set-up interviews with fintechs. Have an offer in hand to negotiate if you want to stay with JPMC

C1PM · Answer

True - for some reason JPMC seems to pay below market for Product roles. I’d expect their VP level to be bringing in at least around 160k total comp

eightysixer · Answer

Are you front, middle, or back office? That has a big impact on what's possible at a shop like JPMC - they will tend to prioritize retention of high performers in the front office, kinda sorta in the middle, and mostly not at all in the back.

If you don't know, you're probably back office and they've maybe wizened up to the fact that it's not smart to let your back office know that they're back office.

Chase Product Manager VP promotion salary negotiation

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