J.P. Morgan Reviews

Updated October 30, 2014
Updated October 30, 2014
4,193 Reviews
3.5
4,193 Reviews
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J.P. Morgan Chairman, President, and CEO Jamie Dimon
Jamie Dimon
1,265 Ratings

Review Highlights

Pros
  • They actually hold women's meetings to talk about how to achieve work life balance (in 234 reviews)

  • Lots of great benefits such as a Pension, 5% matching contribution up to (in 198 reviews)


Cons
  • Work-life balance can be challenging in a non stop fast pace working environment (in 246 reviews)

  • Could be a lot of long hours if there is a new implementation or client (in 187 reviews)

More Highlights

Employee Reviews

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  1. 1 person found this helpful  

    Not for the weak

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technology Project Manager in Columbus, OH
    Current Employee - Technology Project Manager in Columbus, OH

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

    Pros

    Room to use your vision to make an impact - project managers who do more than just process will be very successful. Diversity is valued. The company is trying to become more innovative and creative, and to encourage employees to offer suggestions. Excellent company for veterans, with a strong focus on hiring them.

    Cons

    very direct culture, often "New York" rude by midwest standards. Complex bureaucracy with lots of controls and policies requires you to learn the systems to get thing done. Expect to work more than 40 hours per week. 50 hours is common. Raises are below cost of living. You cannot afford to work for Chase for more than 5 years or you will be underpaid for your skills. Major re-orgs in top level technology leadership happening. Everything could change over the next few months, depending on how the re-orgs shake out.

    Advice to ManagementAdvice

    Salary/promotion is based on investment bankers who leave all the time for other firms. If you want to retain staff, you need to pay adequate raises, especially on promotions. Hiring replacements costs 150% of salary. Paying 3% to the employee would save you alot of money.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    A Really Great Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Associate - Private Bank in Houston, TX
    Current Employee - Client Service Associate - Private Bank in Houston, TX

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

    Pros

    I am very appreciative of having the opportunity to work at JP Morgan. Both my coworkers and management are very supportive of one another, and management is supportive of career growth. The office culture in my position can be laid back when things slow down, and we all feel like a bi family, but everybody knows how to put their nose to the grindstone when necessary. Workload can at times be a lot, but so are the rewards.

    Cons

    Some positions can be hard to move out of and into other areas. The various technology systems that the bank utilizes do not always work together as smoothly as one would hope.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Excellent place to work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at J.P. Morgan

    Pros

    Great work life balance in company

    Cons

    Can feel like a cog in a giant system

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 2 people found this helpful  

    Chase has been a great opportunity to expand my PM skills and learn new technologies.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President Technology Project Management in Columbus, OH
    Current Employee - Vice President Technology Project Management in Columbus, OH

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

    Pros

    Ability to move around and gain a greater breath of business acumen. Exposure to cutting edge technologies and work life balance add to the benefits.

    Cons

    Promotional opportunities are limited but ability to lateral is encouraged. The parking is very limited in the Polaris campus creating a culture of eating at desks for lunch since it is too difficult to leave for lunch.

    Advice to ManagementAdvice

    Promote within the company when warranted versus looking outside. While it is excellent approach to get fresh views into the company, it is a better strategy to carefully balance the new hires with internal promotions.

    Recommends
    Positive Outlook
  6.  

    Good big company landing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager in Wilmington, DE
    Current Employee - Senior Manager in Wilmington, DE

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

    Pros

    Great work life balance and ability to move within the firm

    Cons

    Red tape abounds and should be expected with size and government oversight

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    JP Morgan Chase - they want you to succeed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Professional in Wilmington, DE
    Former Employee - IT Professional in Wilmington, DE

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

    Pros

    People in the Data area of Information Technology are very helpful and willing to share their knowledge. There are numerous templates, procedures and policies so you don't have to reinvent the wheel to get things done. Sometimes this slows things down - too much process and rules, and not enough results. Collaboration and teamwork is key - teams work like a well-oiled machine. Management seems attentive to their employees' needs and the company tries to reasonably compensate and reward their employees.

    Cons

    The commute to Wilmington Delaware was a challenge. Wilmington itself is not particularly appealing. The company and it's culture were fine - the location and commute for me, personally, was a negative.

    Within IT, there seemed to be a tension between traditional windfall methodologies and fast moving agile methodologies, as the company attempts to be less bureaucratic and rigid and more responsive to business needs. The problem is that the systems and technologies are older and not easily adaptable to ever-changing needs. They need to update their database and transaction system technologies in order to expand business functionality quickly and efficiently in the future. This is a big deal, in terms of being time consuming, costly and high risk, as the old systems on the surface appear to work just fine, but beneath the covers, there are way too many band-aids and short cuts. The old systems are stretched too far. Replacing them with newer technologies is a daunting but necessary task. This is not unique to JP Morgan - every company faces this issue. It's just that some companies are attempting to deal with this issue, whereas JP Morgan is still grappling with their old systems and trying to hang in there. It is clearly time for them to move forward and onto new more intuitive technologies that will enable customer service reps to better serve JP Morgan's Client base. IT Professionals looking for the latest technologies may get frustrated here.

    Advice to ManagementAdvice

    Work to transition from older technologies to newer, more flexible ones. This will enable expansion of business functionality and will also attract a better employee base in the IT areas.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Relationship Manager II

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

    I have been working at J.P. Morgan full-time

    Pros

    Career growth, flexibility, benefits, and daily job responsibilities.

    Cons

    Government oversight, redundancy, bonus structure.

    Advice to ManagementAdvice

    A bonus structure is a tool to motivate. When the bonus is not transparent, and a potential dollar number is not available, it becomes less of a proactive motivational tool and more of a "tip".

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Good Company

    Current Employee - Analyst
    Current Employee - Analyst

    I have been working at J.P. Morgan full-time

    Pros

    Stable and good culture.The team is nice

    Cons

    new to the position.Have not found cons yet

    Advice to ManagementAdvice

    none

  10.  

    CADP Summer Intern

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - CADP in Newark, DE
    Former Employee - CADP in Newark, DE

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

    Pros

    Friendly work place, lots of opportunities to learn from different areas of Operations, ability to network with management and internship coordinator is very helpful with any questions

    Cons

    Some interns did not have everyday responsibilities, it is important for intern to be proactive in keeping busy

    Recommends
    Approves of CEO
  11.  

    Chase is alright place to work at.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Bank Teller
    Current Employee - Bank Teller

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

    Pros

    Working for a large company has its pros as in benefits, 401k, medical, dental, everything. You will always have hours, there are no cutts on hours or jobs, and there are always open positions for you to move up in.

    Cons

    compared to all other banks, chase has the lowest paying positions, after all the customers we talk to and work that we do, i feel as if i am under paid. We are seriously over worked specially when we are understaffed which is all the time. We can be here for 11 hour shifts and its a normal every week.

    Advice to ManagementAdvice

    upper management needs to stop worrying about profits and increasing p&l. The company is doing great as is, but the employees need to be treated with more respect, not being over worked with loads of responsibility and work.

    Approves of CEO

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