J.P. Morgan FAQ

Pros

Given lot of responsibility and exposure to new technologies

Cons

No nice perks like free food

Pros

They offer good benefits for health insurance and dental.

Cons

Pay sucked, the managers sucked.

Pros

-Great benefits (20 days PTO at the VP level starting, 3 personal days, 9 paid holidays, 401k match at 5%, pension at 3% of your salary, medical/dental options, work from home opportunities, 16 weeks parental leave paid at 100%, medical covers IVF) -Best work/life balance -Flexible -Intelligent and transparent management -Ethical company -All bank holidays off -Great CEO and face of the company -Stock price is always going up, so it's worth investing in ESPP and/or investing in JPMC stock in your 401k plan -Roth 401k is offered in addition to the tax deferred version

Cons

-The Employee Stock Purchase Plan is only discounted at 5% and is paid quarterly -From my observation, once you get into senior management, it seems like you go from awesome work/life to none. I think you get paid the big bucks but you will be working 12+ hours a day -Unless you're in a hub location (Columbus, Phoenix, Dallas, New York, San Francisco), management opportunities are far and few between -If you're not in a hub location, the offices are something out of an 80's movie with hardly any amenities

Advice to Management

Keep doing what you're doing but with employees interests in mind.

Pros

Great culture, fair compensation, great benefits, and generous PTO

Cons

There were no cons during my tenure

Pros

JPMorgan Chase offers great benefits. The health insurance and life insurance benefits are very good and the out of pocket expenses are very reasonable compared to other companies. They have a legal benefit that is very inexpensive and well worth it. It's nice to be able to have free checking and savings accounts for the whole family. I like the fact that the company is very ethnically diverse. The company always makes it a point to make sure that it's on the forefront of all the latest technology only for customer facing applications and systems.

Cons

*The company has grown too large and is out of control with too much red tape and bureaucracy. --It takes too long to get anything approved and there are too many manager approval levels involved. *Senior managers are involved with approving menial expenses instead of spending time on more important issues and concerns. *The company is top heavy with far too many directors, managing directors and executives, and there are far too few employees to actually take care of business and do real work. *JPMC does at least 3 rounds of layoffs each year, and each time they layoff more mid level and entry level employees that do the work. --Consequently, those employees that are left to do the work end up doing the job of 3 - 4 people. *Also, it's very important to note, that when they do the 3 rounds of layoffs each year, they target workers that are 55 years and older. --So while JPMC is constantly bragging to the media and to their employees that they champion diversity and inclusion and that they don't practice discrimination of any kind, they are clearly and openly discriminating against workers that are 55 years or older. *Global Technology Infrastructure is the worst line of business to work for because the company treats GTI as an expense. --If you're going to work for JPMC, it's best to work for one of the other lines of business such as Chase Investment Bank, Asset Wealth Management, Commercial Bank or Mortgage Banking. *JPMC makes internal applications and systems for employees their lowest priority, and it makes it very difficult to get work done. --In addition, JPMC has gotten rid of most of the help desks where employees could talk to someone to get help. --Unfortunately, if you are having issues with an application or tool that you need to get your work done, you will be relegated to opening a ticket through a clumsy automated system and it could be several days before anyone addresses your issue.