J.P. Morgan Asset Management Compensation & Benefits in New York

Key Insight for Candidates

• Retirement Support: Retirement benefits in the New York office are considered strong, with dollar‑for‑dollar 401(k) matching and automatic pay credits available to most U.S. employees after a waiting period. Feedback suggests these combined contributions compare favorably with many large employers.
• Parental & Family Support: Parental leave in New York aligns with the firm’s U.S. policy, offering an extended fully paid leave for primary caregivers and access to adoption/surrogacy and childcare resources. Feedback suggests these family‑building supports are a meaningful part of the local package.
• Healthcare Strength: Healthcare coverage available to New York employees mirrors the firm’s comprehensive U.S. medical, dental, vision, and mental‑health programs. Wellness resources and EAP access are highlighted alongside multiple plan options.

• Stagnant Pay & Limited Progression: In New York, pay satisfaction can be tempered by reports of modest annual increases and tighter bonus budgets in parts of the business. Feedback suggests compensation outcomes vary widely by team, leaving some employees feeling progression is slower than desired.
• High Benefits Costs: Health plan costs for New York employees can feel high depending on plan selection and compensation tier, with payroll contributions scaling by income. The breadth of options also adds complexity when comparing total out‑of‑pocket expenses.
• Exclusive or Unequal Benefits Coverage: Certain retirement and family‑support features phase out or cap at higher total cash compensation levels, which can limit value for some New York high earners. Dependent Care FSA limits and automatic retirement credits are examples that vary by compensation status.