JPMorgan Chase Reviews in London, UK Area

Pros

Tier 1 Firm, Internal Mobility are the best reasons that a person has to work in this firm like GS

Cons

Highly Bureaucratic, the firm successfully navigated risk off period by being risk off, but that is stifling the work culture

Advice to Senior Management

Be more nimble and have some perspective on what audit, legal and bureaucratic process you want to install in the firm

Pros

1. High salary. Excellent Health Care, excellent pension scheme, benefits package.
2. Great peer working relationships
3. Interesting projects, learning on the job opportunities, good training options

Cons

1. Lack of exposure to Senior Management. Management struggle to find time to listen
2. Blame culture. Silos's still exist.
3. 'Jack of all trades' perception in job title prevents acceptance of and dedication to specific skillets i.e. Project Management. In this example, BA's tend to get lumped with PM role, which impacts delivery (negatively). JPM should go back to separating roles and responsibilities. They have the funds to allow this!!

Advice to Senior Management

There is so much wastage of finance at project level in I.T. Caused by poor upward reporting at ED level, lack of knowledge sharing, too many tactical solutions, strategic decisions taking too long to be implemented. Very, very frustrating. The saves which could be achieved could be used to employ more people, to stop the burn-out of people, and ensure that PM's do a PM role, BA's do a BA role etc. etc.

Pros

OK salary, ok canteen, ok offices, clever back room people, good bonuses, helpful management people

Cons

Long hours, early starts, late finishes

Advice to Senior Management

More information

Pros

It is less political compared to some of the other banks. Less race domination compare to some French and German banks.....
Smart people and willing to share.

Cons

Bad systems due to the various M&A.
Slow processes and conservative. Lots of red tape.
Quick to fire. Jamie Dimon is a known cost cutter.

Advice to Senior Management

Give more direct feedback. Don't over hire during boom and fire quickly when markets slow down. This is bad for employee morale.

Pros

Good brand name
Best Investment bank

Cons

Lots of promises made, often not carried through with
Moving to canary Wharf

Advice to Senior Management

Managers should be carefully monitored if large numbers of people are leaving across their teams. Often the managers have the opportunity to blame the employees to senior management to divert blame.

Pros

Technicity, involvement, surrounding of smart people

Cons

Workloads way too high, lack of clarity in communication

Pros

None at all - they are a poor employer.

Cons

Too political and too many backstabbers.

Advice to Senior Management

Be fairer on your people.

Pros

Employee Benefits are good compared to other large employers

Cons

Long work hours is one of the serious drawbacks here

Pros

Nice team, London is a great city, good industry expertise, heavy workload, renumeration is competitive, no weekends, no holidays. OK.

Cons

Bad team, London is a poor city, bad industry expertise, heavy workload, renumeration is lower than average, no weekends, OK.

Advice to Senior Management

Apply on your own, prepare for interviews in field of accounting, finance and read newspapers. Best prepare for an optimal interview

Pros

Good brand name
Good corporate culture

Cons

Too many meetings
There are meetings to discuss meetings and meetings to setup meetings.

Advice to Senior Management

Cut down on useless meetings