J.P. Morgan

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

2 people found this helpful  

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

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

I have been working at J.P. Morgan

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 ManagementAdvice

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

Recommends
Approves of CEO

4394 Other Employee Reviews for J.P. Morgan (View Most Recent)

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  1.  

    Good Company to work - Career Growth wise - watchout

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Application Developer in Tampa, KS
    Current Employee - Application Developer in Tampa, KS

    I have been working at J.P. Morgan

    Pros

    Company has great benefits package(matching up to 5% on 401K and 4 weeks vacation) and pay is ok. Allows little flexibility in work hours and to take care of personal needs once in a while. Good response on any non-work issues with HR or whatever is the group. Workwise, it is good(say 65%). If your immediate manager is good and understanding, you are fortunate.

    Cons

    Seen instances where managers just care about work and pushing you for deliverables and in the end entire CREDIT goes to manager. Main contributer team member is ignored and not even appreciated. Company expects use of personal cell phones for attending non-business hour’s calls. Things need to change with respect to Middle to senior management. Known contacts and friends from outside companies seem to occupy management positions. More diversified and real talented people should be given opportunities for management/tech lead positions. Expects long working hours (mandatory) to be seen as active team member. Career growth to step up is hard and time taking event for EXCEED rated employees.

    Advice to ManagementAdvice

    Plan a feedback/performance tracking which is anonymous and take the feedback seriously to change org chart structure appropriately. Employees contributing to success of projects are to be awarded in more ways to retain. More managers(PMP) manage than actual team. Please be considerate in approving/providing employee training/certification/education programs that benefit company and employee too.

    Recommends
    Approves of CEO
  2.  

    JPMC: Tough, challenging, no place for sissies, but whoooooo, what a ride if you can stand the pressure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY

    I have been working at J.P. Morgan

    Pros

    The people! Smart, talented, professional. The company itself, clearly near the top of the banking industry. Exciting projects, both technology and merger-related. Strong leadership from senior leaders (Jamie Dimon, Frank Bisignano, etc.) The energy and drive. Leading edge and state of the art technology.

    Cons

    The near-constant down-sizing adds a significant level of stress to the job. On the other hand, we're no different than a lot of companies in that regard, so I suppose it's best to be prepared for the possibility. Until Jamie Dimon took over, there was no strong, top-of-the-house leadership, resulting in constant reorganizations, realignments, etc--the hallmark of a struggling organization. No warm and fuzzy HR stuff anymore; staff has been cut to the bone. Still plenty of entrenched bureaucracy and mid-level managers who thwart innovation and growth to protect their own turf.

    Advice to ManagementAdvice

    Keep cutting out all the bureaucracy, fiefdoms, and extraneous Managing Directors. Simplify and streamline approval processes. Keep working on automated reporting and tools. Don't completely give up on HR/softskills training. Don't be so damned cheap with matching contributions for charitable donations ($1,000--are you kidding??). Keep up strong, top-of-the-house management, relentless cost cutting, BUT!!! Do NOT forget that ultimately we have to grow revenue, not just cut expenses.

    Recommends
    Approves of CEO
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