Exploring JP Morgan’s Software Engineer Intern Salary

Overview of JP Morgan

JP Morgan Logo

JP Morgan Chase & Co. is an American multinational investment bank and financial services company headquartered in New York City. With over 200 years of history, the company offers services in investment banking, asset management, commercial banking, and treasury and securities services. It is one of the largest banks in the United States, serves clients in over 100 countries, and employs more than 250,000 people.

The firm has a reputation for innovation and has made significant investments in its technology infrastructure. JP Morgan has been ranked as the largest investment bank in the world for the past six years according to data from Refinitiv. In 2020, the company reported a revenue of $119.5 billion, with a net income of $29.1 billion.

JP Morgan provides internship programs for students and recent graduates who are interested in pursuing a career in finance and technology. The company offers various internship programs, including engineering, finance, human resources, legal, marketing, and technology. One of the most popular programs is the Software Engineer Internship.

The Software Engineer Internship program is designed for students who have a passion for coding and software development. The program provides hands-on experience in software design, coding, testing, and documentation. Interns work on real projects with experienced engineers and receive mentorship and feedback throughout the program. The program is an excellent opportunity for students to gain valuable experience and exposure to the latest cutting-edge technology.

The Software Engineer Internship at JP Morgan offers a competitive salary for interns. According to Glassdoor, the average salary for a Software Engineer Intern at JP Morgan is $7,640 per month. The salary varies from $6,400 per month to $9,700 per month depending on the location and level of experience. Interns are also eligible for other benefits such as relocation assistance, networking events, and training programs.

Overall, the Software Engineer Internship program at JP Morgan provides an excellent opportunity for students to start their career in finance and technology. The program offers valuable hands-on experience, mentorship, and exposure to the latest technology. The competitive salary and other benefits make it an attractive option for students who are interested in pursuing a career in software development.

Software Engineer Internship at JP Morgan

JP Morgan Software Engineer Internship

JP Morgan is a multinational investment bank and financial services company that offers excellent opportunities for software engineer interns. As a software engineer intern at JP Morgan, you will work on various projects and be involved in many stages of the development process, from designing and coding to testing and implementation.

One of the primary responsibilities of software engineer interns at JP Morgan is to develop and maintain applications that meet the company’s business needs while providing the best user experience. You will also work with a team of experienced professionals, who will guide and mentor you throughout your internship, helping you to develop your technical and professional skills.

The internship program at JP Morgan usually lasts for 10 to 12 weeks and provides interns with a comprehensive introduction to the banking industry. During your internship, you will have access to many training resources and will attend various networking events. You will also have many opportunities to attend tech talks, hackathons, and other events that will help you develop your technical and teamwork skills.

When it comes to compensation, JP Morgan offers competitive salaries and benefits to its interns. As a software engineer intern, you can expect to earn an average salary of $7,334 per month. This is a handsome paycheck, particularly when you consider the other benefits that JP Morgan offers, such as paid time off, healthcare benefits, and other perks.

In addition to the salary and benefits, JP Morgan offers its interns a unique opportunity to work on exciting projects that have a direct impact on the company’s operations. You will be part of a team of professionals who are dedicated to delivering top-quality software products and services.

JP Morgan offers its software engineer interns a chance to work with some of the latest technologies. You can expect to work with Java, Python, C++, and other programming languages. You will also work on various databases such as MySQL, SQL Server, and Oracle. These technologies are in high demand, and by working with them, you will be equipping yourself with the necessary skills to succeed in the future.

In conclusion, a software engineer internship at JP Morgan is an excellent opportunity for anyone looking to jumpstart their career in the banking industry. It provides a unique chance to work on exciting projects, learn from experienced professionals, and earn a competitive salary. If you’re looking for a challenging yet rewarding internship, JP Morgan is the place to be.

Salary and Compensation for JP Morgan Interns

JP Morgan Intern Salary

JP Morgan is one of the biggest financial institutions in the world, with offices in major cities across the globe. The company hires interns from different parts of the world to participate in its summer internship program, which is designed to give students relevant industry experience that will help them kickstart their careers. The internship program is not only a great opportunity for students to learn about the industry, but it is also a chance for them to earn some money. JP Morgan offers a competitive salary to its intern, which is why the company is a top choice for many aspiring software engineers.

As with all internships, the salary for interns at JP Morgan varies depending on several factors. The first factor to consider is the location of the internship. JP Morgan has offices in different parts of the world, and the salary for interns in each location is different. The salary may also vary depending on the department the intern is working in. Generally, interns in the technology department tend to earn more than those in other departments.

According to Glassdoor, an American job search and recruitment website, the average monthly salary for an intern at JP Morgan is around $7,000. However, salaries can hover around $6,000 to $10,000 per month depending on the location, experience, and other factors. Additionally, interns can also receive other forms of compensation such as travel allowances, health insurance, and relocation assistance. JP Morgan’s compensation package for software engineer interns is quite competitive, which is why many aspiring young software engineers look forward to interning with the company.

Another factor that determines the amount of compensation received by interns is the duration of the internship. JP Morgan offers different internship lengths depending on the location and department. Typically, internships at the company last for about ten to twelve weeks, and some interns may have the opportunity to extend their stay at the company.

In conclusion, JP Morgan is a fantastic place for software engineer interns to work. The salary and compensation package offered by the company is appealing, and interns get the chance to work in a dynamic, fast-paced environment that is sure to give them valuable industry experience. The internship program is highly competitive, and only the best students are selected. However, if you’re lucky enough to land an internship with JP Morgan, you can rest assured that you will be well-compensated for your efforts.

Comparing JP Morgan Software Engineer Internship Salaries to Other Firms

JP Morgan Software Engineer Internship Salaries to Other Firms

When it comes to being a software engineer intern, it’s natural to wonder how competitive you are in your field, how much other firms pay for the same position, and what are your chances of growth in your current firm. Comparing your JP Morgan Software Engineer Internship salary to other firms in the industry is one way to measure it.

However, it’s not just apples-to-apples comparison since the various firms differ in several ways. Of course, factors like size, geographical location, employee benefits, bonuses, perks influence the amount of salary they offer to their interns and varies based on the role the intern takes on and the experience they bring in.

Salary Comparison with Top Competitors

Top Competitors Salary Comparison

When it comes to comparing JP Morgan’s internship salary for Software Engineer to other firms, we can take several large and well-known companies as the basis of comparison. For example, Facebook, Microsoft, and Amazon typically offer a highly competitive salary to interns in the software engineering field. However, it’s essential to note that intern salaries of these companies may depend on the region and local market of where the work is done.

According to Glassdoor, the median software engineer intern salary at Facebook is $9,000 per month, Microsoft is $7,100 per month while Amazon is reported to be $7,700 per month. Therefore, JP Morgan’s median intern salary at $7,500 per month falls between Microsoft and Amazon. However, note that this salary figure in JP Morgan may vary depending on the intern’s role, responsibilities, and location in the organization.

What About Smaller Firms

Smaller Firms Salary Comparison

Not all software engineer interns are working at large firms. Some may be interested in small to mid-sized companies, startups, or even Information Technology (IT) consulting firms. According to Indeed, the average monthly salary for a software engineer intern in a small business is around $5,217.

The average salary for an IT consulting firm is reported to be $3,421 per month. Therefore, when compared to smaller firms, JP Morgan still offers a relatively high median salary for its Software Engineer interns.



There are several things to take into account when looking at comparison of JP Morgan’s Software Engineer Internship Salaries with other firms. The company’s own reputation, size, industry, location, the intern’s role, and experience level of the worker all make a significant impact on the salary figure. Therefore, one of the big questions to keep in mind when determining JP Morgan’s salary to other firms and deciding on a career move is how well the compensation matches your experience, skills, and expectations.

Factors Affecting JP Morgan Software Engineer Internship Salaries


JP Morgan is one of the largest investment banks in the world, and its software engineer internship program is one of the most coveted in the industry. However, salaries for these positions can vary significantly based on a number of factors.



One of the biggest factors affecting the salary for a JP Morgan software engineer intern is their location. This can be broken down into two main categories: the city they are working in and the specific office they are working in.

For example, a software engineer intern working in New York City can expect to make more than someone working in a smaller city like Columbus, OH. Additionally, different JP Morgan offices within the same city may have different salary ranges depending on the local market and the demand for software engineers in that area.



Another major factor affecting the salary for a JP Morgan software engineer intern is their prior experience. In general, interns with more experience in software engineering and related fields can command higher salaries.

For example, a software engineer intern with prior experience as a developer or project manager may be able to negotiate a higher starting salary than someone who is fresh out of college with no relevant experience.



The level of education attained by a software engineer intern can also have a big impact on their salary. A candidate with a master’s or PhD in computer science, for example, may be able to command a higher starting salary than someone with only a bachelor’s degree.

Additionally, the prestige of the university where the intern received their degree may also affect their salary. Recruiters may place a higher value on candidates who graduated from top-tier universities with strong computer science departments.



The specific technical and soft skills possessed by a software engineer intern can also affect their starting salary. Some of the technical skills that are particularly valued at JP Morgan include proficiency in Java, Python, and React, as well as experience with Agile methodologies and cloud technologies like AWS.

Soft skills like communication, collaboration, and leadership may also be valued by recruiters and can potentially lead to higher salaries. Additionally, a candidate with experience in a particular industry (such as finance or healthcare) may be more attractive to JP Morgan and may be able to command a higher salary as a result.

Supply and Demand

supply and demand

Finally, the overall supply and demand for software engineer interns in the job market can have an impact on salaries. If there is a shortage of qualified software engineer interns, recruiters may need to offer higher salaries in order to attract top talent.

Conversely, if there is an oversupply of candidates for JP Morgan’s software engineer intern positions, salaries may be lower as there is less competition for these roles.

It’s important to note that these factors can interact with one another in complex ways, and that no two software engineer intern candidates are exactly alike. Ultimately, the starting salary for a JP Morgan software engineer intern will depend on a number of factors, some of which may be harder to quantify than others.

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