JPMorgan Chase Reviews
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Company Rating Based on 507 ratings “Neutral” |
CEO Approval Based on 488 ratings Jamie DimonChairman, President, and CEO 71% |
Reviews are posted anonymously by employees (updated Feb 8, 2010)
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Pros
You will have a lot of carrer opportunities in JP Morgan Chase. Training is unlimited. Benefits are competitive compare to other companies. One of the top banks in the US.
Cons
One of the reasons why I left JP Morgan Chase is I am required to work in Columbus, Ohio and I don't have any options to work remotely. Another reason is they are starting to offshore IT jobs.
Advice to Senior Management
JP Morgan chase needs to know how to keep great employees. Gave them flexibility, and incentives before losing them just because you have to cut your budgets. The company has to give loyalty to their loyal employees who worked hard for the company.
Pros
I really liked the fact the chase is very supportive to their employees, and that bonus are set standards for everyone in that job title, your performance justifies your bonus payout.
Cons
I do not like the fact that chase does not believe in internal hiring, i interviewed 6 times for the same position and i was shot down due to the fact the district manager stated that their was other people for other banks and chase is all about taking their competitions bankers. even though i was over qualified for the position they hired outside personal because it looks better...
Advice to Senior Management
my advice to management of chase would be to practices what you preach... no one wants to hear all your B.S. about growth and every time i turn around you are taking away end of year raises, making it harder to make referrals, and setting branches up to fail their oia field audit.
Pros
Good place to work, tons of opportunity to learn if your willing. Management is competent and intelligent in my tower, although its a big firm..lots of others are not.
Cons
Don't expect to increase your salary very fast. Raises are not given often, and even when you take a new job with more responsibilities it will be considered a lateral move. They would pay someone from outside the firm with the same experience significantly more..and often do.
Advice to Senior Management
Keep up the good work.. Jamie Dimon earns his paycheck!
Pros
Excellent integration program for the FA to work in the bank branches. Bankers are well compensated for referring business to the FA.
Cons
No sales assistant for the FA. Paperwork can be very time consuming.
Advice to Senior Management
My Investment Manager is great. As long as you are profitable and doing your job ethically he pretty much leaves you alone to do your thing.
Pros
Jp Morgan was generous to most departing wamu employees in Seattle in terms of compensation. They also provided opportunity for I ternal advancement
Cons
The take over of wamu left a bad taste for most former wamu staff. The culture clash between the two companies is very great
Advice to Senior Management
Senior leadership at jp Morgan chase are in it to deliver the biggest product the fastest and for the cheapest. This doesn't always bode well for those on the front lines
Pros
Great place to become a lifer--post out of your Operations role every couple years for a brand new start in life. Play politics well and the sky truly is the limit.
Cons
Good luck breaking into the Front Office if you weren't hired there to begin with. Might as well be invisible. You should have studied harder in high school, or chosen your parents more carefully.
Advice to Senior Management
Forced rankings, no 360 feedback available, no anonymous feedback for Associate level managers: the review process is embarrassing to say the least.
Pros
A lot of opportunities available. Great working environment. A company with a strong performance. Good rewards & benefits
Cons
Low workload of entry-level employees.
Advice to Senior Management
Take better care of entry-level emplyees by engaging them into projects as soon as possible so they could get as much exposure and learning as possible.
Pros
plenty of free time: you attend several meetings per week in which you do nothing but sit there and listen.
money: they can certainly buy extra equipment for you when you need it
laptop: they supply you with a laptop immediately
no hassles about lunch break
the more important you are, the harder you work: what this means is that as a software developer, both your boss and boss' boss are too busy to keep track of you. Typically you have an assigned task that takes 4-5 hours, but you have a whole week to complete it.
Excellent pay: you get paid way more than the average software developer in Columbus.
Cons
rigid administration: you work on shared machines and it takes far too much politics to get software installed
materialism: dont expect the people at a bank to sympathize with your spiritual side.
Advice to Senior Management
realize that each group needs its own resources. How can you expect vastly different teams to perform maximally on shared iron? Why do you think it should take 2-3 months before software installation is approved?
Pros
Starting pay is good and the commissions are even better.
They are overall competative for the NYC investment firm market.
Cons
The overall management tier is way too micromanaged and suffocating.
Any time off is impossible to get and vacation is 1 week a year for jr associates.
Advice to Senior Management
Hire the best people and provide an environment for them to create and do what they like to do.
It would increase sales.
Pros
Good environment, helpful people, good management and supportive environment. Very structured and organized. Good place to work and good support.
Cons
Not many gowth opportunities and mostly in technology. A bit of slacking amongst employees. not many cons at J.P. Morgan.
Advice to Senior Management
A good bank with good leadership qualities. Can be a bit more structred environment in case of interns. Keep it up!
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