JPMorgan Chase
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JPMorgan Chase, the biggest bank in the country, is making a play to be the industry’s AI leader. The bank had, by far, the most visa worker hires in our study, 237, with Citibank at a distant second with 52 hires. A report by Evident AI ranked the bank at the top of its AI Innovation list for banks, noting that it produced 45% of all AI research produced by banks in 2023. AI research at JPMorgan is led by Manuela Veloso, who leads a team of academics who look at the potential of AI across seven main areas, from data management to employee empowerment.
The practical application of AI at JPM is spearheaded by the bank’s recently formed Data and Analytics organization. JPMorgan’s firmwide chief data and analytics officer, Teresa Heitsenrether, leads that team, which consists of AI, machine learning, and data executives from across the bank. The firm’s prodigious hiring of data science and AI roles last year included applications of 37 data science associates and 37 applied AI & machine learning associates. In total, the firm sought to hire 95 employees on a visa with AI in their title with a top salary of $275,000 for a data scientist/executive director position. The lowest salary was $90,000, which is more than $30,000 above the average US salary.
Recent job listings show the firm is currently hiring for similar roles at similar salaries. An applied AI/ML lead position comes with a salary range of $147,250 to $260,000, compared to the $163,800 to $235,000 offered to the sixteen vice presidents of applied AI ML leads they sought in 2023.
Check out what the bank is paying for different roles below.
Associate, AI & Data Science: $125,000-$150,000
Associate, AI Research: $140,000-$215,000
Associate, Analytics Solutions: $115,000-$150,000
Associate, Applied AI & Machine Learning: $124,000-$215,000
Associate, Asset Associate II: $109,250
Associate, Business Analyst: $90,000-$98,500
Associate, CCB Risk Program AI/ML: $140,000
Associate, Channel Marketing: $115,000
Associate, Data Analyst: $130,000
Associate, Data Analytics Analyst: $100,000
Associate, Data Domain Architect: $117,500-$120,000
Associate, Data Management: $102,000
Associate, Data Scientist: $100,000-$180,000
Associate, Data Visualization: $125,000
Associate, Model Program Risk: $150,000
Associate, Modeling Analytics: $120,000
Associate, Quant Analytics: $100,000-$135,000
Associate, Quant Modeling: $120,000
Associate, Quantitative Research: $125,000-$131,000
Associate, Software Engineer: $127,700-$145,000
Associate, Strategic Analytics: $90,900-$120,000
Business Analysis Associate II: $110,000
Data Analytics Analyst: $100,000
Data Scientist Analyst: $90,000-$102,274
Data Scientist: $100,000
Executive Director, Applied AI ML Director: $260,000
Executive Director, Data Scientist: $260,000-$275,000
Executive Director, Product Director: $260,000
Executive Director, Quant Analytics: $235,000
Quant Analytics Associate: $90,000
Senior Associate, AI Research: $175,000-$185,000
Senior Associate, Applied AI & Machine Learning: $134,000-$173,720
Senior Associate, Data Owner Associate: $145,000
Senior Associate, Data Scientist: $110,000-$160,000
Senior Data Scientist: $166,000
Senior Engineer, Applied AI ML: $170,100
Senior Quant Analytics Associate: $107,000
Vice President, AI Research Lead: $177,000-$193,800
Vice President, Analytics Solutions and Delivery: $142,623
Vice President, Applied AI ML Lead Predictive Science: $203,500
Vice President, Applied AI ML Lead: $163,800-$235,000
Vice President, Applied AI ML: $175,000-$260,000
Vice President, Capital Risk Lead: $175,000
Vice President, Data Domain Architect: $170,000
Vice President, Data Domain Architect: $170,000-$190,000
Vice President, Data Management Lead: $175,000
Vice President, Data Scientist Lead: $120,000-$190,000
Vice President, Data Scientist: $146,000-$190,000
Vice President, Database Management Lead: $135,000
Vice President, Fraud Risk: $145,000
Vice President, Lead Software Engineer: $170,000
Vice President, Modeling Analytics: $139,000
Vice President, Predictive Science: $137,600
Vice President, Product Development (AI/ML): $118,400
Vice President, Product Specialist: $135,000
Vice President, Project Execution: $155,000
Vice President, Quant Analytics Manager: $116,000
Vice President, Software Engineer: $214,000
Vice President, Strategic Analytics: $135,000
