J.P. Morgan Reviews

Updated February 1, 2015
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2.0
37 Reviews
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J.P. Morgan Chairman, President, and CEO Jamie Dimon
Jamie Dimon
1,725 Ratings

37 Employee Reviews

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  1. Good benefits, poor compensation practices

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President & Manager Compliance in Columbus, OH
    Current Employee - Vice President & Manager Compliance in Columbus, OH

    I have been working at J.P. Morgan full-time (more than 5 years)

    Pros

    4 weeks of vacation for non-exempt employees, 5% 401k match, cash balance pension and health center/clinic on certain corporate office locations.

    Cons

    Healthcare plan options are subpar. External candidates can negotiate good salaries but if you're an internal candidate, you're not getting a salary increase even if the position is at a higher salary grade with more responsibilities. Annual increases are minimal.

    Advice to ManagementAdvice

    Pay your employees better.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. Great place for experience, but need to jump ship to make the real money.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Columbus, OH
    Current Employee - Business Analyst in Columbus, OH

    I have been working at J.P. Morgan full-time (more than 8 years)

    Pros

    Bountiful amount of vacation, sick, personal and holiday time. You almost get too many days off if there is such a thing. Diverse environment and people, Chase is a melting pot for many, many cultures. Certain departments will really take care of you in terms of raises and bonuses, however not all departments are that giving. Chase also utilizes the latest technology which maximizes efficiency in the office.

    Cons

    While Chase does have many notable upsides, their shortcomings unfortunately take the spotlight. Their toxic politics and unfair business practice make it a stressful place to work. They would rather you quit and get more money from another company, and then match you a year later if you came back, rather than just give you a good raise that you deserve. That is sad. I started with the firm almost 8 years ago and I took home more money on my 1st day than what I make now. They took wind that as an hourly employee, I made too much money in overtime. I was then 'promoted' to a salary position which was pretty much my base salary, minus all of the OT. I made 16k in OT one year, so imagine the significant pay cut I endured. I then 'promoted' several other times as a lateral move and received no additional compensation other than a yearly 1% merit increase. I finally did receive 1 raise as a result of a promotion, but out of 5 promotions they still fell very short of what's fair. My work kept piling up, and then was approached about training to be a code programmer and taking on the job. This is a very complex job and Chase paid quite a bit of money to train me and also promised a raise. I did the job for over a year and had to apply within the company for another position just to actually get a raise and job title change. The new job offer was not very good and I do not recommend working here if you do not already make a lot of money.

    Advice to ManagementAdvice

    You should not promote a place that encourages you to find another job within another company, rather than just fairly compensate your employee. Chase is very stingy with salary and negotiation, they should actually calculate geographical averages rather than utilize the completely senseless means of calculating this number now.

    Doesn't Recommend
    Negative Outlook
  3. Frustrating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Business Analyst in Columbus, OH
    Current Employee - Senior Business Analyst in Columbus, OH

    I have been working at J.P. Morgan

    Pros

    Excellent benefits for employees in terms of Paid Time Off (4 weeks vacation, 9 Federal holidays, 3 Personal days, and 6 sick days), Maternity - Paternity leave ( Moms get 12 weeks paid maternity leave, Dads get 1 week at the time of birth).

    Cons

    Too much politics inside the company. Internal job postings are plenty but you cannot even apply for them unless you inform your manager that you're looking. You getting or not getting the job completely depends on your current manager's feedback. Year end bonus and pay raises completely depends on your rating by your manager. The rating is finalized before you get to know. There is no discussion regarding the rating. Its more the management telling you the rating. If you're 'in the circle' then life's good.

    Advice to ManagementAdvice

    Too many acronyms, too many systems that don't talk to each other, and too much politics.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. Didn't love it, but it could have been worse.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consumer Loan Specialist in Columbus, OH
    Former Employee - Consumer Loan Specialist in Columbus, OH

    I worked at J.P. Morgan full-time (more than a year)

    Pros

    -I was overpaid for the type of work I accomplished in such an affordable city to live in.
    -It looks good on my resume.

    Cons

    -No room for growth/mobility within the company even though it's a huge company.
    -Really poor attitudes from most employees.

    Advice to ManagementAdvice

    Praise your hard workers, not just your friends.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  6. They do right, what's right for them

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Cleveland, OH
    Former Employee - Anonymous Employee in Cleveland, OH

    I worked at J.P. Morgan full-time (more than 3 years)

    Pros

    They have good training for personal bankers, provide banker uniform

    Cons

    Watch out there are some branch managers that like to bully people

    Advice to ManagementAdvice

    Watch some of your branch managers, they make more mistakes, break rules more than associates. Then they place blame on someone else.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. The work was satisfying and challenging.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Project Manager in Columbus, OH
    Current Employee - Senior Project Manager in Columbus, OH

    I have been working at J.P. Morgan full-time (more than 10 years)

    Pros

    The peers are great and work well together.

    Cons

    Managers are untrained on how to work well with subordinates. They are better at managing up.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. It was alright

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Data Center Technician in Westerville, OH
    Current Contractor - Data Center Technician in Westerville, OH

    I have been working at J.P. Morgan as a contractor (less than a year)

    Pros

    It payed well.

    Cons

    The hours were not good. No real opportunities for advancement.

    Recommends
    Negative Outlook
    No opinion of CEO
  9. Too many office politics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Relief Team Leader in Westerville, OH
    Former Employee - Relief Team Leader in Westerville, OH

    I worked at J.P. Morgan full-time (more than 5 years)

    Pros

    Experience, diversity, opportunity, benefit time, stability

    Cons

    office culture, poor leadership, poor decision making, no big picture for direct managers, nepatism

    Advice to ManagementAdvice

    Concentrate on developing future leaders not just giving them the reins to do as they see fit.

    Recommends
    Negative Outlook
  10. 2 layoffs in 2 years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst in Columbus, OH
    Current Employee - Operations Analyst in Columbus, OH

    I have been working at J.P. Morgan full-time (more than a year)

    Pros

    several opportunities within the company

    Cons

    treated like just a number

    Recommends
    Negative Outlook
    No opinion of CEO
  11. Good and bad.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President Recovery Litigation in Akron, OH
    Current Employee - Assistant Vice President Recovery Litigation in Akron, OH

    I have been working at J.P. Morgan full-time (more than 10 years)

    Pros

    Good salary and vacation time

    Cons

    No room for promotion downsizing

    Advice to ManagementAdvice

    Good employees should be rewarded for hitting goals and should have promotional opportunities.

    No opinion of CEO

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