JPMorgan's $18bn tech spending suggests these developers are in high demand
Last year, JPMorgan had a technology budget of $17bn. According to today's 2025 Investor Day slides, the bank has upped that budget by another billion this year for good measure. The slides also showed off a range of the bank's most exciting tech projects, and suggested it's in the market for a particular niche of developers.
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The current focus for JPMorgan's tech teams appears to be building new platforms. Its treasury services division has rolled out a payments processing platform called Graphite and is completing a global liquidity platform. Its merchant services team is building a "full-stack commerce platform." Its embedded finance team has built a fraud prevention platform. That's not to mention its existing suite of AI platforms or its consumer platforms like Chase, Nutmeg and Kinexys (formerly Onyx). The recent closure of fundraising platform Capital Connect, however, shows that not all of its platforms work out.
JPMorgan needs UI and UX developers to build the frontends of all these platforms. A key initiative for JPMorgan's digital solutions division is "enhancing digital end-to-end client UI / experience." The bank says it is also creating developer tools for its broader tech organization, which will require UI developers to help build too.
Earlier this year, JPMorgan was seen building multiple new teams focused on UI and UX. Insiders across banking said that there has been an influx of UI engineering staff from Big Tech in the wake of layoffs at the likes of Meta, Amazon and, most recently, Microsoft. UI hiring by banks is thought to be focused on lower cost locations like India at the moment, while the market for UI contractors is drying up.
JPMorgan currently has 835 open roles in software engineering, 106 of which are associated with UI. It also has 68 separate roles in user experience design. Some of these roles are in New York; the bank is hiring a quantitative behavioural research associate for UX there on a salary of up to $155k, and a UX design lead VP for 'agentic employee experiences' on a salary of up to $205k.
JPMorgan's UI teams seem to have a pretty broad tech stack. A Palo Alto based UI developer listing for JPMorgan says applicants are expected to have experience in each of the following technologies: Unix; Windows, NodeJS, CSS, HTML, Javascript, jQuery, Python, React, SQL, SASS, Typescript, XML, REST, JSON and Git.
By comparison, JPMorgan may be losing interest in is transformation staff. The bank says that roughly all of its payments applications have been "migrated to strategic data centers and the public cloud," or have been decommissioned.
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