Bonus Watch '09: JPMorgan (Updated)


Confidential to JD and Steve Black: someone is very unhappy at the House of Dimon:

If you'd be so kind as to call out JPMorgan, I would appreciate it.
Outgoing third year analyst bonuses: $20k.
This is absolutely pathetic. It's an utter insult.

Update: Some details that may shed some light on the $20k situation. The outrage above was expressed by a departing third year analyst, whose superiors knew was leaving before they came up with the number, which he acknowledges "may have played into it." He also notes that the figure is probably "well below" that of analysts staying on as associates.
Related, for comparison's sake: First Year, Second Tier Rainmakers Pulling $42k Bonuses At Citi