J.P. Morgan

  www.jpmorganchase.com
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J.P. Morgan Reviews in New York, NY

Updated Jul 24, 2014
All Employees Current Employees Only

3.4 567 reviews

88% Approve of the CEO

J.P. Morgan Chairman, President, and CEO Jamie Dimon

Jamie Dimon

(157 ratings)

70% of employees recommend this company to a friend

Review Highlights

Pros
  • Work/Life balance - Not just banker hours, but also a supportive management group(in 185 reviews)

  • Great benefits and always tried to improve the work environment for there employees(in 161 reviews)


Cons
  • Work-life balance may be sacrificed due pending on business priorities(in 202 reviews)

  • Long hours, Projects were not always tested to the fullest before implementation(in 165 reviews)

567 Employee Reviews Back to all reviews
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    • Culture & Values
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    AVP/Associate/Officer--Commercial Bank

    Officer (Current Employee) New York, NY

    ProsGreat work environment. Flexibility to work remotely if necessary. Not a lot of micro-managing, despite the many layers of leadership. Lots of areas for growth and movement if you're in the right Line of Business (LoB). The is a REAL sense of commitment to diversity. They encourage volunteering and being a part of business resource groups. If you want to advance you have to get out and meet people. There's lot of opportunity but you have to be pro-active. All the people that know people move on and up often.

    ConsLot os managers, and managers managers. Not a lot of transparency with pay grades, bonuses, and what goes into that. Can be confusing to navigate if you're a new hire and trying to determine total compensation.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • No Opinion of CEO

     

    Great Opportunities

    Implementation Project Manager (Current Employee) New York, NY

    ProsThe company is so big that you can learn a lot and the online training is great. The company promotes mobility. it's flexiable with time/personal mgmt. you're able to work remotely. Provide back up day care for ER. tution assistance which is great!

    ConsThough the company promotes mobility it's very difficult to even get HR to look at your resume. It's difficult for internals to move around. It's who you know to put the word out there.

    Advice to Senior ManagementOne piece of advice for HR is to look at for your current employee first instead of ignoring them or by passing them when they meet the requirements. Every dept should have the ability to work remotely.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    A city unto itself

    Rotational Analyst (Former Employee) New York, NY

    ProsHuge. If you are good navigating fiefdoms, cliques, and bureaucracies, you will be able to find places to learn and places to go when you're through. A well-run, if gigantic, operation.

    ConsFiefdoms means sometimes you're a serf. Big, and often risk-adverse. Integrated operations means a thicket of stakeholders.

    Advice to Senior ManagementInvest in technology, and hire more CompSci folk as mainline analysts. You'll be glad you did.

    Yes, I would recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

    1 person found this helpful  

    Great company to work for

    Business Analyst (Former Employee) New York, NY

    Prosthe salaries are competitive if you bargain right, it is a huge firm so you are assured of career stability if that is what you are looking for. They give back to society a lot and there is a lot of room for growth and challenging opportunities.

    ConsThere is less career mobility though the company makes a not of noise about it. there is hardly work life balance, another thing they make a lot of noise about, and the culture is a throat-cutting, backstabbing one.

    Advice to Senior Managementdo not ignore your junior employees, because for the most part they do the real work, everybody else bs their way through work. Be appreciative of peoples effort, and only offer constructive criticism.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Equity Research Associate

    Vice President (Current Employee) New York, NY

    ProsIndustry leader with strong brand value.

    ConsWithin research advancement can be challenging.

    Yes, I would recommend this company to a friend

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    Investment Banking Analyst

    Investment Banking Analyst (Former Employee) New York, NY

    ProsAs an analyst for 2 years, this was a great place to get started--lots of emphasis on mentorship and learning especially from the middle manager level. Compensation was consistently at or above the Street median. The deals you get to work with are usually large and impactful, due to J.P. Morgan's reputation and willingness to use its balance sheet to win deals. The investment bank continues to be an area of investment for the firm as a whole.

    ConsWhile there was emphasis on mentorship from the VPs, there is no sense of that at the MD level--they are not helpful at all in post-banking recruiting for the most part. Work-life balance remains an issue--I hear it's better now but there would always be large amount of work and expectation of availability at all times. Deals are good but most deals you work on end up being debt deals, which are not the most marketable. Exit opportunities remain second-tier, as Goldman Sachs, Morgan Stanley and the elite boutiques (Moelis, Blackstone, Evercore, etc.) continue to place their analysts in the best positions after banking.

    Advice to Senior ManagementI'd recommend going to bat more for your soon-to-be alumni and really develop a strong culture that carries with people after J.P. Morgan. This has not been a strong investment bank for many years, and so will need to work extra hard to achieve the same level of network effects that GS, MS and the others have, and which you see some of the boutiques start to build.

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Very smart people don't always make very smart leaders....

    Executive Director (Current Employee) New York, NY

    ProsThe firm has demonstrated thought leadership across all facets of the financial services sector - ranging from the calm reasoning of Jamie Dimon during the financial crisis, to the VP's and ED's providing daily leadership in industry organizations, committees and discussion panels.

    Cons- Despite the mantra from the CEO that the employees are the most important asset of the bank, that is not the reality in the bank. There is a pervasive culture of fear.
    - Strategic programs / tactical resourcing.
    - Incredible amount of time and effort expended by MD's managing up the chain.
    - Failure to deliver at the MD level is often rewarded with promotion.

    Advice to Senior Management- A large part of incentive compensation for MD's should be based on the employee satisfaction rating for his/her group.
    - You have the vision to fund strategic projects; have the business sense to staff them with qualified resources, not co-opted subject matter experts.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Constant Change

    Managing Director (Former Employee) New York, NY

    ProsBenefits and pay are fair and generally in alignment with the industry. There are still a number of high quality people there. The brand is still respected on the street and with clients.

    ConsHas become cliquish--based on who you know, not what you know. Constant change in strategy and management is disruptive and confusing. Sadly, people are becoming quiet and reluctant to raise issues -- not good from a cultural perspective.

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    • No Opinion of CEO

     

    Who your manager is makes all the difference in the world

    Bank Teller (Current Employee) New York, NY

    ProsPossible advancement within company, team value is a plus, Great benefits for health plans for individuals or families. Good environment

    ConsNothing matters unless your manager is good. If you have a crappy manager that could make or break your whole experience while at Chase. The retail portion is really hectic depending what branch you work in. Unless you have a high banker position, nothing else matters.

    Advice to Senior ManagementTrain your managers to be professional and respectful, not only to the clients but to your employees. Working at chase reminds me of a retail store that constantly lose and refill there staff.

    No, I would not recommend this company to a friend

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    Overall an okay experience.

    Executive Assistant (Current Employee) New York, NY

    ProsGreat overtime if you are a non exempt employee. Good work/life balance. Opportunities to advance if you know the right people.

    ConsDealing with management who have no clue what they are doing. Hard workers do bit get properly recognized unless they are a a favorite.

    Advice to Senior ManagementStop playing favorites and treat everyone equally. Recognize the good and take proper action with the poor performers especially if they are in management.

    Yes, I would recommend this company to a friend

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