Company: J-P-Morgan
Date: 2011-10-28
Overall rating: 3/5
Employment status: current

Stable for the banking industry, great people, about average for pay and benefits
Pros: Certain benefits are great by comparison.  4 weeks paid vacation, 2 personal days and 6 sick days are standard for salaried employees.  The company also provides a small pension in addition to 401k matching.   Performance bonuses are just that...based on performance.  Onsite backup daycare is provided at no cost for 10 days a year, which is a great fallback for emergencies.  Maternity leave is paid for 12 weeks.  

Mobility within the organization is encouraged.   The employee is expected to be in charge of his/her own career path, and (most) managers embrace assisting employees get where they want to go.    There is a wealth of career development training, networking and mentoring available.  (Although finding the hours is sometimes a challenge!)  

The environment is casual, people are generally happy and friendly.

The company name is great on a resume.
Cons: This feedback is specific to Information Technology areas. The company is huge and there is a TON of bureaucracy, so if you want to be on the cutting edge of fast moving change, this is not the place for you.  

Pay is average.  Once you are in the door, it is difficult to get a substantial increase.  Internal moves to other roles do not translate to pay increases, even if then new role has more responsibility.  

Health Insurance is below average.  The company offers only two plans to US-based employees, and both have very high deductibles before they pay for anything other than a primary care vist.  ($3000 or $5000 for family plans.)  The deductibles are offset by a company-provided medical reimbursement account; which can be anywhere from about $500-$1200.  The insurance benefits are probably fine as long as you aren't prone to sports injuries or have young children.

Although the company touts flexible work options, they are not widely supported by management.   JP Morgan Chase lags behind its competitors in embracing telecommuting as a way to keep employees happy and productive.