J.P. Morgan - Deadend | Glassdoor
There are newer employer reviews for J.P. Morgan
There are newer employer reviews for J.P. Morgan

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"Deadend"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Lewisville, TX
Current Employee - Anonymous Employee in Lewisville, TX
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I have been working at J.P. Morgan full-time (More than 8 years)

Pros

At least I am employed, for time being.

Cons

constant layoff rumors, no advancement, over 8 years in management, transferred to this state within company unable to get position so I took what I could get. This was a mistake because then they only were allowing lateral moves so was never able to achieve managerial position again. Previously with 5 years with the company your vacation was 5 weeks, they changed the policy and now the most you can get is 4 weeks. They also downgraded the health insurance where it costs more and the best policy they offer now is awful. Bonuses are non-existent for most employees now. Luckily I still get a yearly, rather than monthly but my yearly is the equivalent of what one of my monthly was. Many people around me didn't even get a yearly bonus this year. As you guessed company moral is very low. To advance in the company you must become best buddies with the right group, it's common knowledge around they only advance their friends, even ones that don't have degrees or the experience required for the position. Definitely time to move on to another company.

Advice to Management

Instead of promoting buddies, without the experience and knowledge, try to promote people who truly know the job. People don't have faith in management, for every good manager there is at least 20 that don't know what is going on, don't have the experience level and degree, and are unable to answer simple questions management should know. It's a joke. It is part of the reason so many errors and lawsuits are becoming common within the company.

Other Employee Reviews for J.P. Morgan

  1. "It was a challenging and stimulating environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at J.P. Morgan full-time (More than 3 years)

    Pros

    Company values, teamwork, and exposure to multiple industries. Ability to be proactive.

    Cons

    Challenging work hours and a high stress environment at times.


  2. "Frustrating"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officer-Compliance in Houston, TX
    Current Employee - Officer-Compliance in Houston, TX
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Good benefit package, 4 weeks of vacation

    Cons

    Salary. Negotiate strong when you're first hired since your pay increases are nominal. External candidates are paid more to do the same job as an internal hire. Once you're in your position, you are there for a year before you can post out, unless you have prior manager approval. No assistance from management for career growth.

    Advice to Management

    Promote from within--encourages productivity and fosters a positive environment.

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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