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I worked at J.P. Morgan full-time (More than a year)
Nice people, nice benefits, opportunities throughout the bank. All lot of instruments at your disposal: for example, if you like to know about credit in Australia, you would find a person that would know about it and send you reports.
The beucracry. Sometimes the hierarcy can be rigid. For example, when they hire people direcly from the MBA, it is very likely they come in as Associates, even if they working in the industry before.
Advice to Management
More flexibility and autonomy to employees.