JPMorgan Chase Reviews
Updated Feb 12, 2012 – Reviews are posted anonymously by employees.
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Company Rating Based on 1,767 ratings Employees say it's "OK" |
CEO Rating
Based on 1,281 ratings
Chairman, President, and CEO |
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Pros
With Chase on your resume, you are considered bankable. They might pay for you to get your license (series 6, 63 and Life) if they find you worthy ( use to send you for them before you start working in the branch). You will be thoroughly trained and equipped with tools and knowledge for your job.
Cons
Company cares more about share holders and a profit than employees. The base salary is very low compared to other bank and they'll tell you with the incentive plan you can make six figures. True for very few, location or luck will decide if you do (don't be fooled). You'll max out on your salary at 42K and max bonus is usually about 1K for the year. Chase will be your life and you are required to bleed blue and put the company first above all. It's a high pressure role in an higher stress sales environment with unrealistic goals with overbearing managers. Employee turn over is vey high and unless you're a top producer/seller, your shelve life is about 6 months to a year. If you can sell water to the well, have no morals or ethics, this job is for you and don't worry about wants best for the customers, think about how you can get paid off them....sell sell sell!!! This is the culture for bankers.
Advice to Senior Management
They really need to offer a better salary, hired better quality employees and offer more internal promotions. Treat employees better so they can treat their customers better. Customer service should be the gateway to sales not if I can sell you something the I'll offer my services.
Pros
job security, brand name, learning, exposure
Cons
long hours, bureaucratic, extremely large organization, lack of clarity with changing regulations
Pros
Good benefits, latest technology, exposure to offshore teams
Cons
People at VP level think they ARE God, ill-treat other employees, nagging and bullying is common. Open door policy is almost non existent, VPs don't encourage much communication with upper level management. In short, you will be stuck wherever you are at, unless you play the buddy game with them.
Advice to Senior Management
Management to re-evaluate the people at VP level, just because they have become VP- it shouldn't make them a permanent fixture, specifically in IT. There should be on going HR training for VPs on how to be professional with employees. Management should encourage anonymous feedback, and not just allow VPs to write whatever in quarterly/annual reviews.
Pros
jobs are stable. good life work balance.
Cons
non-transparent and below market compensation.
Pros
depends on abilities and the recommendations from your supervisor and how hard you push for it and to be seen.
Cons
Ok, if not interested in advancement - depends on abilities and the recommendations from your supervisor and how hard you push for it and to be seen.
Pros
Flexible place to work (Commute)
Easy and Light weight applications
Cons
Mean Time Sense
Lack of Professionalism
Advice to Senior Management
Be Productive and helpful to employees
Pros
Set schedule, Consistent customer service goals, Safe job
Cons
Not treated like a professional, managers with a very micro-manage approach
Advice to Senior Management
Relax
Pros
Brand, people, training. Employees are provided with many tools and resources. Able to have work/life balance.
Cons
Very sales driven compared to other banks. Not much room for growth in smaller markets. Too many bankers in branch.
Pros
Good for if you want a family gives you 3 months off for maternity leave.
Cons
Its just high school repeated.... Upper management is more interested in a rummer then moving up.
Pros
Nice time off package.
If you have the right boss it is nice.
Not a lot of late nights or long days.
Cons
If you work for the wrong person...
Bosses were bullies.
Bosses were from the good old boy club
Bosses pets could do whatever they wanted and get away with it.
Lots of playing favorites.
Hostile and poor listening skills in management.
Very limited chance of promotion or learning new skills.
Advice to Senior Management
Management should understand some IT concepts. Not just repeat back what other manager is saying.
Management should attempt to listen to employees.
Management should NOT just play lip service to design approaches. If you don't like Agile and Scrum don't use it.



