J.P. Morgan - Quantitative Analyst position | Glassdoor
There are newer employer reviews for J.P. Morgan
There are newer employer reviews for J.P. Morgan

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"Quantitative Analyst position"

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Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

Pros

Interesting, challenging, give a lot of freedom in implementation.

Cons

Nothing really so far, I haven't been working here for very long.

Advice to Management

Nothing really so far, I haven't been working here for very long.

Other Employee Reviews for J.P. Morgan

  1. Helpful (3)

    "Poor Management - Under Trained Staff & Lack of Tools to Perform (Default Servicing/Foreclosure)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Senior Specialist in Columbus, OH
    Current Employee - Operations Senior Specialist in Columbus, OH
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at J.P. Morgan full-time (More than 3 years)

    Pros

    Some co-workers can be great to meet, but this can be true of any company - hardly unique to Chase.

    Cons

    From my years of experience, a majority of managers I've met are unqualified and favoritism runs rampant. Managers push for results, but do not push to support their workers in training, tools, or procedures. Raises are abysmal (1-2% per year). It is not uncommon for new hires to start at higher wages than people who have stuck with Chase for 5-10 years and people actually leave the company only to come back as a way to get a decent raise in pay.

    Most opportunities are going to be a lateral move, which means you aren't advancing within the company. Advancement opportunities are almost non-existant, at least in Columbus, OH. It also is not uncommon for a position to be posted, with someone already picked out for the position. Some hiring managers just accept token resumes to reject them for their HR requirement. There are a lot of ridiculous requirements on postings, that honestly are not related to the job duties at all.

    Advice to Management

    Listen to your employees. Support them and provide what they need to actually do a good job.

    Focus on something other than Excel spreadsheet numbers. If you are going to just focus on those numbers at least learn what they really represent. Learn how to pull and filter reports correctly before jumping on your employees. As I've found it is not uncommon for a manager to have an astounding lack of understanding regarding Excel, please realize that the internet can provide detailed instructions (free) on how to use MS Office products.

    Quit making the same mistakes over and over again. If something was screwed up and didn't work a year ago and you improve the system, don't go back to the old broken system because it was easier and call it a new direction.


  2. "Outsourcing is not an area of expertise"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations
    Current Employee - Operations
    Doesn't Recommend
    Negative Outlook

    I have been working at J.P. Morgan full-time

    Pros

    time off benefits are very good.

    health benefits are average

    will license staff or get other certifications relevant to the industry

    locations in multiple US cities

    some managers are open to remote work arrangements (varies by role and mgr - so ask during an interview)

    Lots of open positions all the time (see cons for why)

    culture allows for creative thinking

    If you're very good at your job, not hard to shine among your peers (see cons for why)

    Cons

    benefits admin is a low margin business, so it's not uncommon to see expense mgmt via understaffing. This leads to overloaded staff and high turnover.

    it's a financial services firm, not a professional services one. therefore there are internal barriers you won't find at other places. JPM RPS seems to be more about PR management than retention, expertise, or client feedback.

    Growth through acquisition means that some dead weight comes with every deal and the managers don't address it. Even heard an executive director in Overland Park say he would not fire anyone. Weak!

    Pay raises are non-existent or insulting - they don't pay for performance. Bonus program is completely arbitrary.

    Advice to Management

    Follow up on the mgr survey that was so bad with real impacts
    Be candid. Dont throw a party to celebrate profitability when client satisfaction is all over
    Stop avoiding people who you think push back too much. Maybe they're right?

There are newer employer reviews for J.P. Morgan
There are newer employer reviews for J.P. Morgan

See Most Recent

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