J.P. Morgan Reviews in Jersey City, NJ

Updated September 18, 2014
Updated September 18, 2014
4,153 Reviews
3.5
4,153 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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

35 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    The Feudal System Still Exists - Slavery Is Legal Here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Applications Developer in Jersey City, NJ
    Former Employee - Applications Developer in Jersey City, NJ

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

    Pros

    Some work from home, but only because you are expected to work crazy hours in addition to the basic 40 hours a week. Good 401K program. Has talent reassignment programs for soon-to-be displaced employees. Has short-term disability programs which finally gives a work life balance to employees receiving cancer treatments.

    Cons

    Too much out-sourcing. No respect for employees, bullying and verbal abuse from upper management, no work life balance. No recognition for good performance if you don't put your life on hold for this company. You will become ill due to the work schedule expected of you, and maybe even mocked for your physical weaknesses.

    Advice to ManagementAdvice

    Accept that people need their downtime and don't discriminate against those who disallow themselves to be suffocated or stifled by your current feudal environment.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Disappointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Compliance in Jersey City, NJ
    Current Employee - Compliance in Jersey City, NJ

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

    Pros

    Employee perks/benefits are decent
    Good name to have on resume

    Cons

    No room for growth/ promotion opportunities non-existant
    Very poor management - no care taken in communicating/encouraging employees
    No logic to hiring/what level new hires are brought in at (i.e. new hires with little experience brought in at a higher level than existing employees with years of experience)
    Very low morale/ low level of professionalism
    Workload is huge and broken down to the point where you are just doing one task over and over as part of an assembly line
    Technology is behind compared to other firms
    Jersey City office feels very isolated from New York

    Advice to ManagementAdvice

    Career development for employees does not happen by having them fill out an online form listing goals for the year. Development happens when you encourage employees and help them attain those goals and move forward - and that makes management look good.

    Neutral Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Good Place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Windows Engineer in Jersey City, NJ
    Former Employee - Windows Engineer in Jersey City, NJ

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

    Pros

    Great people, coworkers very helpful, good managers.

    Cons

    To heavy on process, makes it hard to get the job done. Need a JP Morgan dictionary to decipher acronyms.

    Advice to ManagementAdvice

    Streamline processes

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Excellent Firm - Salaary and benefits could be better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Jersey City, NJ
    Current Employee - Assistant Vice President in Jersey City, NJ

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

    Pros

    There is so much opportunity to grow and move around the firm that one would have to be beyond stupid to not work their butt off to advance.

    Cons

    Salary leaves much to be desired until you make it to ED and that is where the real money comes along. The firm also does not really increase salary for lateral moves.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    JP Morgan Chase - Global Technology Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Architect in Jersey City, NJ
    Current Employee - IT Architect in Jersey City, NJ

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

    Pros

    Great Salary, Lots of responsibility, fast paced environment, leading edge technology

    Cons

    Long hours are expected. There were many weeks that I worked 60+ hours. It was needed to get the job done.

    They are constantly looking to cut cost and people is one way that they do that. Doing more with less it the common montra.

    I don't know if they still do, but they used to use a forced ranking system that demanded that 20% of the employees in a department were Exceptoinal, 70% were Acceptable and 10% were in need of improvement. This worked fine for a couple of years, but eventually good people were forced into a need improvement ranking because we had to meet the distribution curve.

    Advice to ManagementAdvice

    Realize that you can't keep cutting staff and still have a reasonable work life balance.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    IT/Data Administration

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Data Administrative in Jersey City, NJ
    Former Employee - Data Administrative in Jersey City, NJ

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

    Pros

    Employees were great people and generally try to help

    Cons

    Management generally doesn't care for it's contractors or employees

    Advice to ManagementAdvice

    Start paying more attention to the details of your depts.

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

    A professional environment and clear communications within department.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Jersey City, NJ
    Former Employee - Business Analyst in Jersey City, NJ

    I worked at J.P. Morgan full-time (less than an year)

    Pros

    My experience working as a Due Diligence Analyst was nothing less than great, the department was run with all professionalism and management tried its best to maintain a flexible and productive work environment.

    Cons

    The compensation was a bit below market.

    Advice to ManagementAdvice

    Management handled the Dept. quite well, I would suggest finding a way to promote and compensate better and more transparently.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Decent company

    • Career Opportunities
    Current Employee - Applications Developer in Jersey City, NJ
    Current Employee - Applications Developer in Jersey City, NJ

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

    Pros

    Talented people .Wide array of projects

    Cons

    Not lot of coding work

  10. 3 people found this helpful  

    I can only review on the GTI - Run AWAY!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technical Lead in Jersey City, NJ
    Current Employee - Technical Lead in Jersey City, NJ

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

    Pros

    * its a job, they pay money
    * some of the projects are cutting edge, and you can learn from from them
    * So far still decent on the vacation time (and you will need it)

    Cons

    * Expect to be overworked and under paid
    * Virtually no promotion path for sole contributors
    * VERY political
    * Indecisive management will change core aspects of a project on a dime, without any regard to the technical issue that will arise, and demand the project will still be delivered on time
    * Benefits are getting eroded (like all the industry for that matter)
    * You can not work from home
    * Zero chance of getting your full bonus, unless you are at least an ED or higher

    Advice to ManagementAdvice

    * Shape up or ship up!
    * Stop promoting based on politics
    * Promote based on success not failure

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Positive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Project Manager in Jersey City, NJ
    Current Employee - Project Manager in Jersey City, NJ

    I have been working at J.P. Morgan

    Pros

    There is a always something for you to work on and ALWAYS something where you can add value. Projects are always in the pipeline and/or listed on the Book of Work for the year. You can ADD VALUE if given the appropriate amount of time (or you make the time/contacts) to do so. GREAT environment with supportive management.

    Cons

    Wonderful opportunities at JPMC to recommend change(s). There is however not enough effort/time/resources allocated to the Lessons Learned phase to make impactful changes. Although a number of process improvements/enhancements may be proposed during the Lessons Learned project phase, due to the strict timelines and work demands, many of the recommendations do not make it into the next project and ultimately the same resource/time constraints become a recurring theme. It would be beneficial to have senior project teams/members do a deeper dive on top recommendations in order to review, monitor, and provide metric driven reports to management, in order to monitor the value (or lack thereof) of "Lessons Learned" recommendations being made and structure future processes based off of value added suggestions. Otherwise, it's a WONDERFUL place to work. So happy I am employed by JPMC and Jamie Dimon is a "ROCK STAR". One of the best (if not the absolute best) CEO.

    Advice to ManagementAdvice

    Junior team members occasionally provide some valuable recommendations. SOME (not all - by any means - this comment is only reflective of SOME <small handfull> individuals) team members are reluctant in speaking with or providing management with their ideas/recommendations as they feel they may not be taken seriously. Although a plan may not be complete when initially being presented (since time will most likely not be spent on providing a complete idea/solution if not supported), a bit more time should be allocated by Management to the less senior team members of the team so that ideas can fully be vetted by an audience that can "make things happen" and "drive change". Other than this, JPMC is a GREAT environment. Don't get me wrong, Management, DOES support change and ideas. It just needs to be presented at the correct time of year. ;-)

    Recommends
    Approves of CEO

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