J.P. Morgan Reviews in Boston, MA

Updated September 15, 2014
Updated September 15, 2014
4,003 Reviews
3.5
4,003 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
J.P. Morgan Chairman, President, and CEO Jamie Dimon
Jamie Dimon
1,153 Ratings

Review Highlights

Pros
  • They actually hold women's meetings to talk about how to achieve work life balance (in 219 reviews)

  • Lots of great benefits such as a Pension, 5% matching contribution up to (in 184 reviews)


Cons
  • Work-life balance can be challenging in a non stop fast pace working environment (in 229 reviews)

  • Could be a lot of long hours if there is a new implementation or client (in 180 reviews)

More Highlights

40 Employee Reviews Back to all reviews

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  1.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  Boston, MA
    Current Employee - Vice President in Boston, MA

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

    Pros

    Great place to work. Team environment which depoending on your team/function can be great. Open door policy and work hard play hard approach. Strong control environment.

    Cons

    Big organization culture, bureacracy. Change often takes time to implement and many hoops to get approval for some processes.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Outstanding company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer Intern  in  Boston, MA
    Former Employee - Summer Intern in Boston, MA

    I worked at J.P. Morgan as an intern for less than a year

    Pros

    - Smart, talented, and great people
    - Work life balance
    - Great analysts

    Cons

    - Smaller Boston office, sometimes you feel as if you are missing out if not being a the headquarters

    Advice to ManagementAdvice

    - Jamie Diamond is an incredible leader and very smart
    - CEO of the Private Bank gave their interns outstanding advice

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    it was a great experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mutual Funds Reporting  in  Boston, MA
    Former Employee - Mutual Funds Reporting in Boston, MA

    I worked at J.P. Morgan full-time for less than a year

    Pros

    Good place t get experience

    Cons

    could be slow after the busy cycles

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Financial Reporting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst & Reporting Analyst  in  Boston, MA
    Former Employee - Business Analyst & Reporting Analyst in Boston, MA

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

    Pros

    I had the chance to learn a lot. A good place for after college. I recommend get in and get out.

    Cons

    No work-life balance. At JPMorgan you're considered a number, like cattle. I never received the credit I deserved or ever felt appreciated.

    Advice to ManagementAdvice

    Not much upper management would do.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6.  

    I would rather say "paper or plastic" than to work here...RUN..FAST

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant  in  Boston, MA
    Current Employee - Fund Accountant in Boston, MA

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

    Pros

    Name on resume looks good

    Cons

    Systems are old, (felt like I was in 1993) training is nonexistent, literally have to fight to learn job, high turnover, employees quit left and right with zero notice. Pay isn't great, morale is awful, health insurance is the worst available plans under cigna and united healthcare. The cons can go on for LIFE...Just run! If you take a job here make sure it's short term just so you have the name on your resume.

    Advice to ManagementAdvice

    Learn your jobs, and train employees instead of going to the bars during lunch

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Worked only four months, hated hours

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant  in  Boston, MA
    Former Employee - Fund Accountant in Boston, MA

    I worked at J.P. Morgan as a contractor for less than a year

    Pros

    OK for the time I was there.

    Cons

    No chance of being hired permanently.

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

    Great learning experience but ends in politics and BS

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Hegde Fund Accounting  in  Boston, MA
    Former Employee - Hegde Fund Accounting in Boston, MA

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

    Pros

    As I said in my title, it's a great learning experience for people straight out of college. You get your feet wet and learn how to basically use a computer all over again (excel plus various software programs relevant to your dept - in this case fund accounting)

    Cons

    Tons and tons of slack management who want to squeeze every single penny from the client and put in their sleezy pockets. Why out source loads of jobs if your just gonna replace ppl in the US 1 for 1? Every one person replaced in the US there should be at least 2-3 in India or Phillippines idiots!!! Hedge fund services is a dying case in Boston. Ask them what the turnover ratio was like between 2011 and 2013? Prob 90%!!! That shows how much ppl like working there or feel liek they have some sort of future. The only ppl that are still full time there 2 years or more are the ones who aren't good enough to get hired anywhere else because I know for a fact that THEY ARE ALL LOOKING!!!

    Advice to ManagementAdvice

    Quit trying to under bid all your competitors for clients if you can't afford to pay staff to do the jobs your contracted to do (accurately at least). Promote within. Show some moral and compassion to employees who are trying to have a life outside the office. More ppl need to be hired to do the jobs required. You can't keep hiring and training temps cus then they leave along with full time staff.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    I had great growth opportunities and worked with great people all over the world.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technology Architect  in  Lowell, MA
    Former Employee - Technology Architect in Lowell, MA

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

    Pros

    Lots of very talented people working hard in a client focused culture. Good benefits by today's standards. Rewarding experience bringing products to market that serve the clients well. I would still be there if job locations did not change but I did not want to move.

    Cons

    Overly political much of the time. The MBA's are a thick middle management layer that could use some thinning with some technical people. Not enough hands on resources. Budgets are constantly in flux as management reacts to events rather than be ahead of events. This can make bringing a program to fruition very challenging.

    Advice to ManagementAdvice

    Get resources with more technical minds in management and the business side to provide balance to the pure management types. Stop reworking budgets as often and follow through on the plan. Get ahead of events by spending on fundamental components rather than always reacting. Be more flexible in working locations you can retain talent that otherwise will be lost. Service Oriented Architecture only works if everyone is willing to cooperate.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Time to move on

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Product Manager  in  Lowell, MA
    Former Employee - Product Manager in Lowell, MA

    I worked at J.P. Morgan full-time for more than 8 years

    Pros

    Working newer technologies, teamwork is practiced for the most part, diversity is good

    Cons

    newer management not understanding systems they own, likely age discrimination, "company wide policy" not applied uniformly, people fearful for job stability

    Advice to ManagementAdvice

    don't sweep people out the door so readily, reduce senior level bonuses to spread to low level employees scraping by

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Good Place to Learn, Promotions/Mobility can be Difficult

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accounting Officer  in  Boston, MA
    Current Employee - Fund Accounting Officer in Boston, MA

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

    Pros

    JPM invests very heavily in technology, so their platforms and integrated functionalities are often best in class.

    Very mature governance structure: management has an excellent, structured approach to managing change across the business, with standardized best practices for nearly every process.

    Cons

    Goal setting for employees can often be too vague to be helpful

    Criteria for promotion is not clearly defined, and in some cases, not communicated explicitly--which can be frustrating.

    Internal transfers can be extremely difficult. In my experience I have twice applied for positions in other departments, only to learn that I was not offered the position on account of my current management team refusing to let me out of my current role.

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