JPMorgan Chase Reviews in Chicago, IL Area

Pros

Great Exposure and Esperience at JPM

Cons

Low compensation when compared to other top tier banks

Pros

Good Pay, and Decent Bonuses. Usually always friendly people and people to give advice and encourage you to make good numbers. Team incentives to spend money as a team every month on the team. Like ordering out food, or giving away gift cards.

Cons

I feel the teams are to tightly wound and to stuck on beating the other team numbers and showing off employees with good numbers. While embarassing the ones without out good metrics. Not much room for advancement since they hire most team leaders from outside instead of recruiting from within.

Advice to Senior Management

Dont care much for your personal problems or needs. They are pushed to meet there metrics and then there for you are. You can even get written up if you consistantly can not meet the standards set by the company.

Pros

Pay, Compensation, and Paid Time Off

Cons

Work Life Balance, Advancement Opportunities

Advice to Senior Management

Consider the personal life of your employees. Lead by example do not expect emplpoyees to stay late when you leave the office at 3:30 everyday

Pros

Decent Benefits Package/Health Insurance. Company offers wide range of plans- PPO HMO's. 401K. As a collector you usually work on a flexible schedule so you can make up most of your own hours during the week as long as you meet the core schedule requirement.

Cons

Sitting all day long and staring at a computer screen eventually will either put you to sleep and bore you. You are not supposed to get up from your desk whenever you want because the time off the phone counts against your performance numbers. Basically, it is a call center environment which boils down to volume and accounts per hour plus of course collection performance goals. The goals are almost always impossible to reach for most so every month most of the workers are at median or below. This makes incentive hard to reach in order to make some extra money on top of your base salary. Salary by the way is in the mid 20's. This is an ok job for entry level or for anyone looking to have a paycheck in between looking for a decent paying job.

Advice to Senior Management

Get informed on how to train your employees in a way that will make their jobs easier. Stop assuming that everyone employee can just go and "look it up" especially when they are wired to a desk with a headset and a computer.

Pros

Firm reputation
Training opportunities
Good industry presence

Cons

Corporate culture
Salary not that good
Not loyal at all

Advice to Senior Management

Make it a place people want to go to everyday

Pros

Benefits with 401k and vacation.

Cons

A lot of pressure, making numbers depending in the area. Ex customers that are wealthy means you get a bigger bonu on your bonus vs. areas that customer just go for the basic products.

Advice to Senior Management

The incentive should focus based on the average that bankers get for certain communities ex. Little Village in Chicago and comparing to New York downtown where customers have lots of investments.

Pros

The name recognition is cool but ultimately you are underpaid and overworked.

Cons

Everything...You are low on the totem when you are a banker. You work for pennies and they mislead you with the crappy comp plan. You are an hourly worker that really don't get the chance to advance. You are one in a million bankers so advancement is minimal.

Pros

Good benefits - medical, stock plan, leave, etc
Lots of vacation days
Pay is above what you could expect to make somewhere else

Cons

Lots of senior management "mandates" without feedback from people at lower levels
Old school culture
Lack of work life balance, despite having policies that support it

Advice to Senior Management

Treat everyone the same (still a bit of the good ol' boys network going on). Truly care about employees and work/life balance.

Pros

if you work hard , you can get a lot of commissions.

Cons

too pushy to customers for financial products they don't even need

Advice to Senior Management

please do not put the company's interest before the customers'

Pros

Pros: Benefits are competitve. Emphasizes team cohesion. In smaller locations you are able to get a handle on every job position within your family. Referrals are a good way to make some extra money.

Cons

Cons: There arent any seats for the tellers. Also no internet or email, unlike the other positions in th branch. There is pressure to hit your goals, when your branch isnt doing well. It is also hard to move up when you are the little guy. I believe Chase likes stability and if you are good in your position, there is no assitance provided when you are ready to move up.

Advice to Senior Management

I believe that Management, from DM down should know each employee in their district. They should be accessible to each employee.