Company: J-P-Morgan
Date: 2017-02-20
Overall rating: 1/5
Employment status: former
Experience level: Junior

Terribly Mismanaged
Pros: Very few. The people in my branch were fun, and it looks good on a resume. Otherwise, the grass really is greener on the other side.
Cons: Bankers are told by upper management (with 6 to 7 figure base salaries) that they don't understand why bankers are upset that their base salaries were frozen three years in a row.  Specifically, we were told that "I haven't gotten a base salary increase in years." 

Perhaps that would be comforting, if we got the perks and bonus package that she received.  The commission structure is constantly changing, and leaves bankers in smaller, slower branches facing decreases in pay. 

Moreover, Personal Bankers were told to direct all new accounts to Relationship Bankers, further hindering their opportunity to "decide their own raise" (how upper management justified not giving salary increases).  These bankers are also commonly scheduled as tellers, because the company continues to downsize branch staffs.

Middle management is constantly changing and downsizing, so the people responsible for promoting and hiring have no clue who even works for them. I was a Personal Banker and a Manager On Duty, helping run two branches, sometimes even helping at a third and a fourth, but got 0 support when I wanted to be promoted and compensated for the job I was already doing.