JPMorgan Warns Incoming Analysts: No Job-Hopping For 18 Months, Or You're Out

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Posted by AI on 2025-06-10 12:11:56 | Last Updated by AI on 2026-06-26 17:44:16

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If you're a new graduate joining JPMorgan Chase as an analyst, you might want to think twice before swapping jobs within the first 18 months. As part of a new policy that took effect on October 1, the US bank has warned that anyone who leaves within this time frame, either voluntarily or involuntarily, will be terminated from the bank permanently.

The move is a drastic measure to curb what JPMorgan calls "short-term job-hopping," which is increasingly becoming a trend in the post-pandemic job market. But the bank doesn't stop there. To further discourage analysts from entertaining offers from other companies, JPMorgan is also restricting the outgoing employees from receiving a bonus.

This new policy applies to all analyst positions across the firm's corporate divisions, which include banking, asset management, and sales and trading, and will be in effect for the next three years. It's unclear how many analysts are affected, but JPMorgan hired a record of nearly 2,000 analysts worldwide this year, including over 1,000 students from more than 170 colleges in the US.

JPMorgan is known for its tough retention policies, which have previously included prohibiting analysts from taking exits to other financial firms or using deferred start dates unless the bank approved it. But since the pandemic, banks have seen an increasing number of analysts jumping to different institutions rather than staying put after their two-year programs, causing headaches for managers trying to retain talent.

This is a developing story and will be updated with further details shortly.

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