J.P. Morgan

  www.jpmorganchase.com
  www.jpmorganchase.com
There are newer employer reviews for J.P. Morgan

1 person found this helpful  

JPMC love it or leave it

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Business Systems Analyst in Syracuse, NY
Former Employee - Business Systems Analyst in Syracuse, NY

I worked at J.P. Morgan full-time (more than 10 years)

Pros

JPMC encourages advancement and employee personal improvement.

Cons

Off-shore resourcing has created a large loss of jobs in the United States.

Advice to ManagementAdvice

Remember that those who have lost jobs due to off-shoring have no money to place back into your bank. You may be saving money on employees, but you also get what you pay for. Experience levels of the off-shore personnel I have working with was, in some cases, non-existent.

Recommends
Neutral Outlook
No opinion of CEO

4421 Other Employee Reviews for J.P. Morgan (View Most Recent)

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  1.  

    challenging environment that will improve overall skill set

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Buseinss Banker in Houston, TX
    Current Employee - Buseinss Banker in Houston, TX

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

    Pros

    independent work load / lock of micro management

    Cons

    too many tasks to realistically complete in one day

    Recommends
    Positive Outlook
    Approves of CEO
  2. 7 people found this helpful  

    Support positions are made to feel like second class citizens

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Officer/Assistant Vice President in New York, NY
    Former Employee - Financial Officer/Assistant Vice President in New York, NY

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

    Pros

    -Good benefits
    -A fair amount of friendly people going throught the same grind as you
    -One of the better banks in terms of layoffs, have not been as quick to reduce headcount

    Cons

    Many
    -Pay is below average-I reiterate what others have said that the only leverage you have on salary is during the hiring stage. Once you are in, forget it, unless you are really tight with your manager. My raises/bonuses never exceded 10%, and that was in stellar years, figure 5% on average for support positions, and thats for TOP performers!
    -Unless you have a manager willing to really go to bat for you, you will never be promoted. Doing a good job is not enough, you have to be an all-star. I have heard of people who had to leave the company, and then come back to get to a higher level.
    -Spoiled front office personnel-rich pricks that are upset they spend their whole lives in the office. They make millions, and its never enough. Young analyts/associates driven purely by greed.
    -Finally, as the title says, unless you are in the "front" you are in the "rear". Support personel, ie those that dont generate revenues for the company, are an expense, and you are treated as such. Accounting is typically seen as a profession, not here. Very clear line between who is valued and who isnt.

    Advice to ManagementAdvice

    Ugh, where to begin
    -JD, quit it with the outsourcing. It is coming back to bite the company in the ass.
    -Promote from within!!! I dont want to see a job posting on the internet for a role that is right above me!! Give people a chance to try and fail. That how it used to work in the old days.
    -Dont nickel and dime long time employees. Longevity should have its benefits. Make people in support postions feel more valuable, if by no other means than giving them a few extra thousand if they deserve it. It means so little to the company, and so much to individual.
    -Have managers take classes on how to manage-just because someone is smart doesnt mean they know how to manage people. This is RAMPANT at the company. Have them make their staff feel more important. Have them take every employees performace review with the greatest level of professionalism and attention it deserves. A once a year review should be taken seriously.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
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