I haven't worked at JPM, but I have at a few of its competitors. As a technology professional, I think what you describe is par for course at all the banks, an

I haven't worked at JPM, but I have at a few of its competitors. As a technology professional, I think what you describe is par for course at all the banks, and more broadly speaking, pretty much all "non tech" companies in general where tech is considered an unrespected cost center. Tech compensation is bimodal. You have the top FAANG tier and maybe some companies one tier down where software engineers can make as much or more than medical doctors. Then you have a sharp drop off a cliff consisting of everyone else - where a senior or staff SWE equivalent with decades of experience can expect to retire in their 60s making about as much as a upper junior FAANG engineer. I was shocked last year when I heard my intern with zero years of experience got his offer...for about double my compensation at my last bank SWE job.