There are newer employer reviews for J.P. Morgan
There are newer employer reviews for J.P. Morgan

See Most Recent

Helpful (2)

Great benefits, great pay for top performers - but managers need to better communicate with and encourage their teams.

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Recruiter in Columbus, OH
Current Employee - Recruiter in Columbus, OH

I have been working at J.P. Morgan

Recommends
Approves of CEO
Recommends
Approves of CEO

Pros

Jamie Dimon's dynamic and intuitive leadership style is inspiring, and makes many employees proud to work at the company (avoiding the subprime disaster is one such example). Jamie has a very strong executive leadership team. Employees enjoy progressive benefits such as same-sex /domestic partner health insurance coverage, paternity leave and lactation programs/private rooms for new moms at many locations. Salaried employees get four weeks of paid vacation, - all full-time employees get 6 sick days, 10 paid bank holidays, 2 personal holidays. Top performers are rewarded well financially and with greater work flexibility (hours/work from home days).

Cons

To be considered a top performer, one must work longer hours and take the initiative to request extra work and special projects. The bell curve -like system used to rate employee performance (and allocate bonuses) can be a disincentive for employees to be team-players. Pockets of incompetence create more work and stress for diligent workers, but this is usually eventually cleared up by moving poor performers to another role or out of the company altogether.

Advice to Management

With continued headcount reductions, your remaining employees are working harder than ever. Encourage your teams, show them how much you appreciate their hard work.

0 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
  1. Helpful (1)

    JPMorgan Chase - Good for the investors and fat cats; not so much for the person-on-the-street

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fiduciary Officer in Columbus, OH
    Current Employee - Fiduciary Officer in Columbus, OH

    I have been working at J.P. Morgan

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Flextime as a corporate institution--but subject to individual managers' whims; benefits coverage for domestic partners of both sexes; generally good communication about the "big picture" in the company; salary competitive and bonuses available for jobs well done; good technology (although sometimes cumbersome); benefits include so-so visual, so-so dental, good medical, health care and dependent care accounts, parking accounts (pre-tax); 401K with 100% match of first 5% of salary;

    Cons

    Outsourcing of jobs that should be done locally to Mumbai, India (e.g., court accountings to be filed in county courts are done in India! The courts are very specific about their rules. How will Mumbai know those rules?); centralization of other functions such as Tax Units, etc. Elitist attitude about clients--"We only want clients with $5M+ in assets"; There are many clients out there with "only" $3M or $1M who may grow to $5M. Shortsighted management in terms of policies, etc., and not receiving input from employees who are on the front lines. Technology is good in terms of having it, but much of it is not user-friendly to employees, and it takes at least 50% more time to use the systems while trying to help a client. It's frustrating and demoralizing. JPMorgan sees itself as a saviour of Wall Street (which, perhaps it was), but it's to the detriment of employees and customers/clients. The corporate culture is not an inclusive one. If it's not done in NY, it's not done in OH, or WV, or KY or any of the other states far-removed from NY.

    Advice to Management

    Seek more input from employees on the front lines--and not just those in the large cities such as NY, Chicago, Indianapolis, etc. There's a lot of wealth out there in the other front offices, yet no one asks us to participate in input on new systems, policies, etc. We end up with too many policies and procedures that then have to be retracted because someone didn't even try to see the whole picture.


  2. Helpful (1)

    A fair & stable place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer in New York, NY
    Former Employee - Software Developer in New York, NY

    I worked at J.P. Morgan

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    the place offers great job safety. It's very easy to be lost in a large company and most people have the sort of job where they need not be bothered. This is the sort of place where you don't have to try very hard to do ok.

    Cons

    It's very easy to be lost in a large company and most people have the sort of job where they need not be bothered. I have met VERY few people that of technical proficiency levels past high school. I left immediately because there was no advancement opportunities here.

    Advice to Management

    Work to achieve stronger technical proficiency. Listen to your employees.


There are newer employer reviews for J.P. Morgan
There are newer employer reviews for J.P. Morgan

See Most Recent

Work at J.P. Morgan? Share Your Experiences

J.P. Morgan

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.