Company: J-P-Morgan
Date: 2015-12-20
Overall rating: 1/5
Employment status: current

Relationship Banker
Pros: Good benefits, strong brand name, decent health care plan, good branch systems and technology and good training
Cons: Company has completely neglected its employees over the past 2 years.  
In 5 years, I have not received a raise despite having stellar reviews 
every single year.  Staffing has seriously been cut in half over the 
past year which leaves double the workload for the remaining staff.  I 
have personally been asked to act as "manager on duty" several times 
over the past 2 years.  A position that requires more responsibility 
but with less pay.  Yes, LESS pay, because the time you are spending 
performing management tasks reduces the amount of time you could be 
earning incentive pay through sales.  In the past year the company 
demoted a huge number of higher level positions including assistant branch 
mgrs who have been with the company for 30 plus yrs.  Also District 
mgmt position has been eliminated.  Base pay is $39,500(same as it was 
when I started 5 yrs ago) In some parts of the country that's not bad, 
but in Long Island NY, that is embarrassing. The equivalent position at 
Bank of America down the street is $60,000 for a licensed  banker.  
Upper management will tell you that the base is so low because the 
incentive plan is so good.  What they don't tell you is that only the 
top 5% of bankers really do great numbers in terms of incentive.  And I 
will say, that for the top 1%, Chase gives the opportunity to do great! 
  But for everyone else, the struggle is real!  I'm at about the top 20% 
of all bankers and only made about $17k in commissions.  That's still 
below the Starting Base Salary at Bank of America.  Opportunity for 
advancement is a joke.  They make false promises, put you on 
development plans that amount to nothing and place no value in the time 
that you've spent with the organization. The company recently settled a 
class action law suit over things like not properly paying overtime, 
requiring employees to wear company apparel but not paying for it, and 
breaking laws in accordance with Sick Time.  They are still making the 
same mistakes.  They changed the sick time policy so that employees can 
not "officially" get written up for being sick.  But they reduced staff 
so much, that if you do  call in sick, you hurt all your co-workers, 
and are socially ridiculed upon returning. Calling out sick is NOT a 
viable option most of the time!