J.P. Morgan Reviews in Chicago, IL

Updated September 22, 2014
Updated September 22, 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

221 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 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 for 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
  2.  

    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 for more than a 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.

  3.  

    Excellent Summer Internship Program

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

    I have been working at J.P. Morgan as an intern for more than 3 years

    Pros

    I was a technology analyst intern this past summer. From the start of the program, I really liked the fact that they had me working on a project that was actually used in my team's product. Most people were great to work with and were very helpful throughout the summer. Overall, this was a great opportunity!

    Cons

    In a firm as large as JPMC, getting access to certain tools/software can take time. But, this is probably the case at any company just as large.

    Advice to ManagementAdvice

    Keep doing what you're doing! Please continue the senior speaker events throughout the summer. They really provided most interns insight into what their careers can progress into and other areas of business at JPMC. Also, a lot of these speakers, most notably Jamie Dimon, were very inspirational.

    Recommends
    Positive Outlook
    Approves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    It was a great opportunity to make an impact and implement change.

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

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

    Pros

    Great benefits. Competitive salaries. Reputable company.

    Cons

    Challenging to network outside of department. Leadership organization is hierarchical. Opportunity to flatten to be more efficient and communicate effectively.

    Advice to ManagementAdvice

    Listen to your employees. It will help improve employee morale. Recognize accomplishments.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    JPMorgan Chase.....great place to work

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

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

    Pros

    1. Good People
    2. Caring People
    3. Fair Compensation
    4. Nice culture

    Cons

    1. Takes a while to "learn your way around"

    Advice to ManagementAdvice

    Please note interest of former employees who left for tragic reasons, but would like to come back. YOU know our performance and WE know the bank.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Relationship Banker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Relationship Banker  in  Hammond, IN
    Current Employee - Relationship Banker in Hammond, IN

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

    Pros

    time off policies, benefits, professional atmosphere.

    Cons

    aggressive sales expectations with high expectations

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    A great place to work for right out of college. CDP Program

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

    I have been working at J.P. Morgan full-time for more than 3 years

    Pros

    Training is available depending what set of skill is available but learning really occurs from your coworkers or outside your team. The CDP program has dedicated 4 week training to provide guidance for those that may need step in to the work force.
    Company recognition/visibility for hard/smart workers thinking outside the box, owning hot items(I.e. running to the fire), leadership opportunity, and process improvements. Depending on manager
    The time off policy vacation/sick/personal/compensation great compared to other companies.
    Getting an exceeds rating in the company allows employees to get school compensation opportunities belive its around 80% for selected schools.
    401k Rate match to a specific percentage point, company stock option, health plan, life, legal insurance available.

    Cons

    Work life balance especially in the IT support area.
    Advancement/Promotion oppurtunities have to work beyond the next pay grade available to get promoted. Think of working 2 pay grades above to get promoted 1 level.
    Workload ownership.
    Dont be surprised of pay gap differences when doing same/above job roles and responsibilities.
    Bell Curve rating system.
    Management styles varies so expectation in certain area may weigh in to your rating which could be in your favor or not.

    Advice to ManagementAdvice

    Provide more career advancement/promotion oppurtunities.
    Consider balance workload on team over specific individuals.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    true life: behind the scenes of pledging blue

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker II  in  Streamwood, IL
    Current Employee - Personal Banker II in Streamwood, IL

    I have been working at J.P. Morgan full-time for more than 3 years

    Pros

    Security & Insurance. Having such a big presence your branches will always have traffic & the insurance is great.

    Cons

    work & life balance does not exist. you will never have a set schedule, therefore never having time for a life outside of work. Incentives keep getting smaller & smaller & your workload is more & more.

    Advice to ManagementAdvice

    its not just about customer experince but also employee experience. Happy employees will be able to provide happy customers. Incentives shoudl be better structured & defined managers discretion isnt consistent & every manager thruout same districts define incentive differently.

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

    Great place to learn, but you don't get paid for learning...

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

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

    Pros

    *They let you try out new skills
    *Depending on what line of business you're in, the coaching and mentoring is great
    *Fast paced, you'll never be bored
    *They allow you to relocate
    *Good exposure to sr mgmt (if in the right position, at a major location) for jr employees
    *Great place to work for mothers

    Cons

    *Consistently low pay (no increase for learning challenging, valuable skills)
    *Notorious for offering lateral positions (you can either move up in current role, or over in another... Not upward in another function)
    *Each line runs as a silo and it can be very difficult to get traction for a position outside of your own
    *Annual review process is rigid and sometimes unfair (for instance: one year, many colleagues were out in leave and each received "Meets Expectations" as we were "expected to pick up the slack" despite working 2 jobs (and MANY hours) for 9 months
    *Raises are paltry and borderline insulting for the masses

    Advice to ManagementAdvice

    A pat on the back and a nice word from their boss is nice, but if someone stays around long enough and is a high performer, pay them. I know many colleagues who love their jobs and the banks but are grossly underpaid and are constantly looking to leave because of it. "Generous benefits packages" exist at a lot of companies.

    Recommends
    Neutral Outlook
    Approves of CEO

Worked for J.P. Morgan? Contribute to the Community!

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