JP Morgan Chase To Hire 5,000 Technologists In India (2024)

The hiring is for individuals who work in AI, machine learning, cybersecurity, cloud computing and data engineering.

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JPMorgan Chase announced a hiring spree to hire 5,000 technologists in India in 2022 as they step up their operations.

A US-based financial services company, JPMorgan Chase is one of the largest employers in India’s foreign banking arena. The company hired 4,000 employees in 2021.

JPMorgan is focusing on hiring technologists from Hyderabad, Bengaluru and Mumbai. The company is hiring digital operators from the field of big data and robotics, which are emerging as the future of banking operations. The company is increasingly investing and building on complex technology roles in AI, analytics and blockchain.

Assigning global roles encompassing product, design, and technology partners to India, the hiring is for individuals who work in AI, machine learning, cybersecurity, cloud computing and data engineering.

Ravi Pasupuleti, Managing Director, Mumbai Tech Center Lead said, “Our India employees are being aligned to global product roles and are driving initiatives globally.”

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One third of the bank’s employees are based in the three cities and rising in importance on the global map acting as innovation hubs linking multiple lines of functions and business across the world.

JPMorgan Chase has been focusing on hiring computer science majors but also hiring from ancillary streams through ‘Tech Connect’, one of their hiring initiatives. The hiring is directly at mid- and senior levels, leveling up to managing directors with a dedicated training programme.

JP Morgan Chase To Hire 5,000 Technologists In India (4)

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JP Morgan Chase To Hire 5,000 Technologists In India (2024)

FAQs

JP Morgan Chase To Hire 5,000 Technologists In India? ›

JPMorgan Chase is set to hire more than 5,000 technologists in India this year, as the US financial services company steps up job allocation to its operations here, said two people familiar with the matter.

What is the average salary in JPMorgan Chase India? ›

The average JPMorgan Chase & Co salary ranges from approximately ₹ 3,36,140 per year for Senior Sales Specialist to ₹ 22,40,888 per year for Researcher.

Is JPMorgan Chase a good place to work in India? ›

JPMorgan Chase & Co. is rated 4.1 out of 5, based on 5.2k reviews by employees on AmbitionBox. JPMorgan Chase & Co. is known for Job Security which is rated at the top and given a rating of 4.2. However, Career growth is rated the lowest at 3.5 and can be improved.

How many employees does JPMorgan Chase have in India? ›

American multinational financial services company JPMorgan Chase had record hires in its corporate centre in India, with over 14,000 people onboarded in 2022, taking the total headcount to 50,000 employees, Gaurav Ahluwalia, MD and Head of HR, India Corporate Center, JPMorgan, told Moneycontrol in an exclusive ...

What are the benefits of JPMorgan Chase employees in India? ›

Programs offered to eligible employees include parental leave, back-up child care services, flexible work options, matching gifts, discounts on banking services, electronics, arts and entertainment, fitness programs, travel and more.

How much does a VP at J.P. Morgan earn in India? ›

The average salary of a Vice President at JPMorgan Chase & Co. is ₹47.4 Lakhs per year which is 1% more than average salary of a Vice President in India which receives a salary of ₹47.0 Lakhs per year.

What is the salary of VP of JP Morgan Chase in India? ›

Average JP Morgan Chase Vice President salary in India is ₹ 40.1 Lakhs for 11 to 20 years of experience.

Does J.P. Morgan pay a lot? ›

The average J.P. Morgan salary ranges from approximately $40,392 per year (estimate) for a Deli Clerk to $534,228 per year (estimate) for a Managing VP.

Is J.P. Morgan stressful? ›

Be prepared to excel in a competitive environment

I worked in IT and I can say that it's stressful and very fast paced. Compared to the other industries, JPMorgan has already established processes as expected of a Financial institution. If you are coming from a startup, be prepared to work in a regimented environment.

How much does J.P. Morgan pay interns in India? ›

JPMorgan Chase & Co. Intern salary in India ranges between ₹ ₹4 Lakhs to ₹ ₹9.2 Lakhs with an average annual salary of ₹ ₹8.9 Lakhs. Salary estimates are based on 38 JPMorgan Chase & Co.

Where is the biggest JPMC office in India? ›

2021: The firm's new campus in Hyderabad opens. This is the firm's largest campus in Asia Pacific, and consolidates employees who work in technology, risk, operations, and support services.

Where is the headquarter of J.P. Morgan in India? ›

J P Morgan Services India Pvt Ltd (Corporate Office) in Malad West, Mumbai.

What is the turnover rate for J.P. Morgan employees? ›

In 2019, the number of employees at J.P. Morgan AG increased compared to the previous year, from 305 to an average of 361¹. The staff turnover rate was the same as last year at 12%, but still within our target range of 8% – 12%. 22% of the total number of employees took advantage of flexible work arrangements.

What is the retirement age for JP Morgan in India? ›

Last year, JP Morgan which has 50,000 employees in India, raised the retirement age to 65 from 60.

Does JP Morgan give bonuses to employees? ›

Pay is better than other companies, you get one and/or two bonuses per year (one based on your performance), flexibility and chances to learn.

Does JPMC give stock to employees? ›

Each year, company contributions to the ESOP, both cash and stock, are allocated to the accounts of participating employees in the ESOP trust. The accumulated balance in a participant's account is distributed to the participant after retirement or termination of employment with the company.

What is the salary of J.P. Morgan Mumbai office? ›

JPMorgan Chase & Co. Salaries in Mumbai
DesignationAvg Annual Salary
Financial Analyst 0 - 7 years exp. · Mumbai (367 salaries)₹12.2 Lakhs ₹5 L/yr - ₹20 L/yr
Investment Banking Analyst 0 - 4 years exp. · Mumbai (266 salaries)₹24.5 Lakhs ₹10 L/yr - ₹40 L/yr
8 more rows

How much does JPMorgan Chase pay? ›

As of Apr 12, 2024, the average hourly pay for a Jpmorgan Chase Entry Level in the United States is $16.94 an hour.

What is the salary of JPMorgan Chase Investment Banking Analyst in India? ›

The estimated take home salary of a Investment Banking Analyst at JPMorgan Chase & Co. ranges between ₹1,52,420 per month to ₹1,58,175 per month in India.

What is the highest salary at J.P. Morgan? ›

The highest-paying job at J.P. Morgan is a Managing VP with a salary of $534,228 per year (estimate).

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