J.P. Morgan

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

1 person found this helpful  

Good to work for not for career advancement

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Vice President in Jersey City, NJ
Current Employee - Vice President in Jersey City, NJ

I have been working at J.P. Morgan

Pros

Competitive salary, excellent work life balance , 4 weeks vacation for officer and above. Excellent place to start your career to get the experience you need. If you're looking for career advancment, there is little to none. I see people who work here for 10, 15 years and still can't make VP needless to say a management position.

Cons

Not diverse at management level. If you are minority, prepare to work at a dead end job with little to no chance to advance. In addition, management positions are often given to friends and buddies of the person in charge and not by individual performance.

Advice to ManagementAdvice

Diversify middle to senior management positions. Give employees a chance advance by promoting someone up the chian whith the team/Org Chart. Stop giving the jobs to the same circle of people.

Approves of CEO

4640 Other Employee Reviews for J.P. Morgan (View Most Recent)

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  1.  

    Performance today

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

    I have been working at J.P. Morgan

    Pros

    Strength of the company, great leadership from CEO Jamie Dimon, promotions based on performance. This company has the best overall technology and sales model in the industry.

    Cons

    Overall compensation below competitors, no intelligent spending authority given to managers, very process driven. (Reduces creativity and makes employees feel expendable.) Current morale is below where it should be at a company this strong. To truly move up in the company, you must be willing to relocate if not in NYC. Overall upper-management does not manage the "people" part of the business very well. (Very numbers driven with too much pressure on entry-level salespeople and not enough true career development.) Good managers are self-taught at JPM.

    Advice to ManagementAdvice

    More consistency, better recognition, and increased retention focus on our talented employees.

    Recommends
    Approves of CEO
  2.  

    Be careful

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Project Manager
    Current Employee - Senior Project Manager

    I have been working at J.P. Morgan

    Pros

    JPMorgan Chase is for anyone one right out of college or doesn't mind having other employees take your suggestion and make it there own. They will insure your employment until they need to cut the budget then your position is being outsourced to India. They do give you an awesome 401k match @ 5% but your salary is low compared to like positions, unless you know someone.

    Cons

    Once you have accepted a job there with the agreed upon salary, if you get a promotion they are usually not willing to pay you for that position. Rather they will increase your base pay, up to 7%. The senior team is not that bright and really have nothing to contribute other than throwing people under the bus.

    Advice to ManagementAdvice

    Pay for intelligence and performance, and get off of your high horse. They would not be there without their employees. The best part of the Senior Management was one year they said that our bonuses were being cut, but all the senior team made out like bandits. Is that fair?

    Doesn't Recommend
    No opinion of CEO
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