J.P. Morgan Reviews in Chicago, IL

Updated October 21, 2014
Updated October 21, 2014
4,153 Reviews
3.5
4,153 Reviews
Rating Trends

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J.P. Morgan Chairman, President, and CEO Jamie Dimon
Jamie Dimon
1,238 Ratings

Review Highlights

Pros
  • They actually hold women's meetings to talk about how to achieve work life balance (in 229 reviews)

  • Lots of great benefits such as a Pension, 5% matching contribution up to (in 196 reviews)


Cons
  • Work-life balance can be challenging in a non stop fast pace working environment (in 241 reviews)

  • Could be a lot of long hours if there is a new implementation or client (in 186 reviews)

More Highlights

193 Employee Reviews Back to all reviews

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  1.  

    It's a grind but if you can stand out there is upward mobility.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Associate in Chicago, IL
    Current Employee - Client Service Associate in Chicago, IL

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

    Pros

    Office culture is to produce results. If you aren't at the top management will be asking why and you will not advance. This is a pro for the top and a con for the under performers. You also get licenses which is beneficial for future opportunities.

    Cons

    You are just a number and a piece of a massive machine. Everything takes a lot more time than you would expect.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Decent Pay, GREAT BENEFITS, but lots of politics!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Former Employee - Bank Teller in Chicago, IL
    Former Employee - Bank Teller in Chicago, IL

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

    Pros

    Decent pay, GREAT BENEFTITS and always opportunities for extra pay and bonuses.

    Cons

    Trying to move up in the company can be EXTREMELY hard and tiring; lots of politics!

    Advice to ManagementAdvice

    Recognize the talent and worth of your employees beyond simply who can "sell ice to a snowman" the best.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Seat-filler? Why not.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Implementation Project Manager in Chicago, IL
    Former Employee - Implementation Project Manager in Chicago, IL

    I worked at J.P. Morgan as a contractor (more than an year)

    Pros

    A long-standing reputable company name on your resume.

    Cons

    Everything else. The culture here is sooooo political and if you are not in with upper management, be prepared to have your work overlooked. You literally could be smarter than your whole management team, but the nature of the politics could have you stuck in your role where you'd would have to apply to another role in the company to get out or you'll stay where you're at.

    Advice to ManagementAdvice

    Try mentoring a bit more.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    JPMorgan Chase Systems Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Systems Analyst in Chicago, IL
    Current Employee - Business Systems Analyst in Chicago, IL

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

    Pros

    Lots of opportunity for growth and variety of new projects you can throw yourself into.

    Cons

    Depending on the project and the management of that project, the hours can be crazy. I worked on a project that was high profile and it required lots of travelling and they wanted us to work Saturdays, Sundays, and some of the grill holidays to attempt to meet project deadlines. There were a few times where we were just going through the motions of being there to look good while we were waiting for a vendor to develop bug fix patches.

    Advice to ManagementAdvice

    none

    Approves of CEO
  6.  

    easy-come, easy-go

    Current Employee - Vice President - Technology in Chicago, IL
    Current Employee - Vice President - Technology in Chicago, IL

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

    Pros

    good technical team. good technologies. good base salary and prospect of bonuses was great.

    Cons

    raises and bonuses stopped as soon as the US gov't fines started

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Decent Company to Work For

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Applications Developer in Chicago, IL
    Current Employee - Applications Developer in Chicago, IL

    I have been working at J.P. Morgan full-time (less than an year)

    Pros

    Flexibility (easy to move around the company, can choose from many locations, can work from home), decent salary

    Cons

    Very global company - does not have a real team environment, communication is very challenging

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Typical Megabank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Finance Manager in Chicago, IL
    Former Employee - Finance Manager in Chicago, IL

    I worked at J.P. Morgan full-time

    Pros

    Decent benefit package (health, 401K, 20 days vacation, 10 holidays).
    Free coffee/tea in breakroom.
    Generally competent and friendly team members.
    Large enough so that it can weather economic ups and downs.
    Actively working towards a more diverse and accepting workplace.
    Tolerant of flexible work in many business units.

    Cons

    Benefits getting very expensive.
    Many layers of senior management.
    Business units sometimes seem to be competing against each other rather than cooperating.
    Culture varies a lot between lines of business.
    Multiple legacy systems to deal with.
    Many support functions are outsourced/offshored.

    Advice to ManagementAdvice

    Take a hard look at incentives as people are being rewarded for actions that actually detract from profits and also don't really benefit customers either.
    Provide real leadership/management training to the supervisors and senior managers. They usually know the technical details of the job but lack the skills to effectively build and lead teams.

  9. 5 people found this helpful  

    Former project manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Chicago, IL
    Former Employee - Vice President in Chicago, IL

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

    Pros

    Some of the smartest and hardest working people I've ever worked with. Expectations are high and that you can keep up in the fast paced environment.

    Cons

    Low pay despite long hours and high performance (consistently highly rated but compensation never reflected it - main driver of my departure).
    Lots of bureaucracy to deal with, sometimes impedes progress and makes decision making harder than it should be

    Approves of CEO
  10. 2 people found this helpful  

    For a part-time job, it is definitely worth it.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Bank Teller in Chicago, IL
    Former Employee - Bank Teller in Chicago, IL

    I worked at J.P. Morgan part-time (more than 3 years)

    Pros

    Part-time teller, when I worked for the company over a year ago, either worked 20 or 30 hours per week. Being part-time you still get paid vacations days, paid sick days, the option to get health, vision and dental insurance. Once you are vested with the company you have the option to get a 401K where the company matches up to 5%, a retirement plan and the option to buy stock. You even get commission type things and possible bonuses at the end of the year. Not too shabby.

    Cons

    It is a major corporation so you have a lot of rules and a lot of management above you.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Financial Analyst Development Program

    Current Employee - Financial Analyst in Chicago, IL
    Current Employee - Financial Analyst in Chicago, IL

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

    Pros

    Great people, culture, pay, work-life balance, benefits.

    Cons

    All back-office reporting, seems like there is not possibility of moving to front office.

    Advice to ManagementAdvice

    Would like to see more interaction with front-office individuals.

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