Jamie Dimon

Jamie Dimon, an American billionaire, business executive and banker, has held the dual roles of chairman and CEO of JPMorgan Chase since 2005. Prior to this, he served on the board of directors for the Federal Reserve Bank of New York. As of June 2023, Forbes estimated his net worth to be $1.6 billion.

Early Education and Career Start

Born and raised in New York City, Dimon pursued his early education at the Browning School. He later attended Tufts University where he majored in psychology and economics and graduated summa cum laude. An essay he wrote on Shearson’s mergers while at Tufts sparked his career in finance, leading Sandy Weill to hire him for a summer job at Shearson.

Post graduation, Dimon took up management consulting at Boston Consulting Group where he worked for two years. He then enrolled at Harvard Business School and spent the summer working at Goldman Sachs. In 1982, he graduated as a Baker Scholar with an MBA.

Career Progression and Achievements

Upon his graduation from Harvard, Dimon declined offers from prestigious firms including Goldman Sachs, Morgan Stanley, and Lehman Brothers to join American Express at the behest of Sandy Weill. Despite the lesser pay, Weill assured Dimon of an enriching experience. At the time, Dimon’s father, Theodore Dimon, was an executive vice president at American Express.

Dimon has the rare distinction of being one of the few bank CEOs who turned into a billionaire, largely thanks to his $485 million stake in JPMorgan Chase. His financial rewards fluctuated in the following years with a peak compensation of $23 million in 2011, a dip to $11.5 million in 2012 due to a series of controversial trading losses, and a surge to $34.5 million in fiscal year 2022.

Jamie Dimon’s influence in the finance world is widely recognized. He featured in Time magazine’s lists of the world’s 100 most influential people in 2006, 2008, 2009, and 2011. His tenacity, financial acumen, and leadership continue to shape the banking and finance industry.

• JPMorgan Chairman and CEO