Actually, you can. I did. I transferred and got a 23% raise.
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I can tell you my experience with a job transfer: I transferred to another job at the firm which I later found out during the annual pay review that had lower pay ranges than the job I had transferred from - while my salary was not cut, my incentive comp was halved and I never got any raises, despite very high performance reviews, praise, and being in high demand. I liked the business I worked in, but after two cycles of no raises and trending at half the IC that I entered the firm at, it was no longer worth it.
Needless to say, I no longer work for JPMorgan Chase. On my way out, retention was offered.
I'm not sure who strategies this stuff at the firm, but I was quite vocal about my situation and offered many opportunities to rectify it. Instead I left at the peak of the seeker-side labor market with a high workflow, now my replacement will likely enter at a significantly higher rate while managing a lower workflow.
No donk but good news. Now at jp you can apply up ofcourse you are competing with next level of top dawgs but why not try. Lateral is last resort move before posting out
If your salary is inline with market rate for the position, the only way to get a raise is if your management chain agrees with it and hr or any other dotted line management agrees with it. I know its not what you want to hear, but that is how it is. You can move to another position with current salary and based on performance get a raise.
Absolutely no. Don't dream
No