Company: J-P-Morgan
Date: 2008-11-25
Overall rating: 3/5
Employment status: current

If you want to work in the financial sector, JPMorgan Chase is a good choice, but it definitely comes with frustrations.
Pros: It looks great on a resume when you eventually start looking around for another job. Kidding, but only slightly. The company is so huge that my opinions only reflect my area of work. And in reality, my area of work and my experience thus far (a year and a half) has been greatly shaped by my immediate boss(es). We have, as a result of guidance at the VERY top (CEO, Jamie Dimon), done very well in the financial crisis. Everyday when I deal with customers/clients they realize they are banking with a stable company. It is rewarding to be a financial advisor because I act as a guide during difficult times. I am heavily relied upon by hundreds of families and that is the most important part of what I do. I spend a lot of time taking something very complicated and explaining it to clients of all different backgrounds and different financial literacy levels. It can as well be financially rewarding as well, the top advisors will make more than 300k.
Cons: SIZE: When problems arise, the company is SO huge that finding the right answers can be difficult. Sometimes tracking down parties responsible for errors is impossible.
MID-MANAGEMENT: Very little concern of, or desire for, employee feedback. Prefer we put very little thought into our work and follow the company line. Of course I understand this is necessary to an extent, but they have taken it too far. The middle-management group are pros at CYA and not listening— whataya gonna do there? And my particular bosses have perfected micromanagement...it's almost embarrassing.
SALES: my biggest frustration is not specific to JPMorgan Chase, but it is definitely prevalent here. My role as a financial advisor is, at the end of the day, a sales job. I act as a guide and all like I said above, but I'm only paid to sell new investments, not manage them well.