J.P. Morgan - Great benefits, great pay for top performers - but managers need to better communicate with and encourage their teams. | Glassdoor
There are newer employer reviews for J.P. Morgan
There are newer employer reviews for J.P. Morgan

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Helpful (2)

"Great benefits, great pay for top performers - but managers need to better communicate with and encourage their teams."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Recruiter in Columbus, OH
Current Employee - Recruiter in Columbus, OH
Recommends
Approves of CEO

Pros

Jamie Dimon's dynamic and intuitive leadership style is inspiring, and makes many employees proud to work at the company (avoiding the subprime disaster is one such example). Jamie has a very strong executive leadership team. Employees enjoy progressive benefits such as same-sex /domestic partner health insurance coverage, paternity leave and lactation programs/private rooms for new moms at many locations. Salaried employees get four weeks of paid vacation, - all full-time employees get 6 sick days, 10 paid bank holidays, 2 personal holidays. Top performers are rewarded well financially and with greater work flexibility (hours/work from home days).

Cons

To be considered a top performer, one must work longer hours and take the initiative to request extra work and special projects. The bell curve -like system used to rate employee performance (and allocate bonuses) can be a disincentive for employees to be team-players. Pockets of incompetence create more work and stress for diligent workers, but this is usually eventually cleared up by moving poor performers to another role or out of the company altogether.

Advice to Management

With continued headcount reductions, your remaining employees are working harder than ever. Encourage your teams, show them how much you appreciate their hard work.

Other Employee Reviews for J.P. Morgan

  1. Helpful (1)

    "A fair & stable place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer in New York, NY
    Former Employee - Software Developer in New York, NY
    Doesn't Recommend
    Approves of CEO

    Pros

    the place offers great job safety. It's very easy to be lost in a large company and most people have the sort of job where they need not be bothered. This is the sort of place where you don't have to try very hard to do ok.

    Cons

    It's very easy to be lost in a large company and most people have the sort of job where they need not be bothered. I have met VERY few people that of technical proficiency levels past high school. I left immediately because there was no advancement opportunities here.

    Advice to Management

    Work to achieve stronger technical proficiency. Listen to your employees.


  2. "JPMC: Tough, challenging, no place for sissies, but whoooooo, what a ride if you can stand the pressure"

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

    Pros

    The people! Smart, talented, professional. The company itself, clearly near the top of the banking industry. Exciting projects, both technology and merger-related. Strong leadership from senior leaders (Jamie Dimon, Frank Bisignano, etc.) The energy and drive. Leading edge and state of the art technology.

    Cons

    The near-constant down-sizing adds a significant level of stress to the job. On the other hand, we're no different than a lot of companies in that regard, so I suppose it's best to be prepared for the possibility. Until Jamie Dimon took over, there was no strong, top-of-the-house leadership, resulting in constant reorganizations, realignments, etc--the hallmark of a struggling organization. No warm and fuzzy HR stuff anymore; staff has been cut to the bone. Still plenty of entrenched bureaucracy and mid-level managers who thwart innovation and growth to protect their own turf.

    Advice to Management

    Keep cutting out all the bureaucracy, fiefdoms, and extraneous Managing Directors. Simplify and streamline approval processes. Keep working on automated reporting and tools. Don't completely give up on HR/softskills training. Don't be so damned cheap with matching contributions for charitable donations ($1,000--are you kidding??). Keep up strong, top-of-the-house management, relentless cost cutting, BUT!!! Do NOT forget that ultimately we have to grow revenue, not just cut expenses.


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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