Company: J-P-Morgan
Date: 2021-04-24
Overall rating: 2/5
Employment status: former
Experience level: Junior

Not a company for tech employees
Pros: Free on-site medical clinic is nice
Columbus McCoy center is awesome with plenty of food options.
Cons: Job grades need modernized; there are 2 levels of associate and then you become a VP. Trying to get promoted to VP is nearly impossible because it’s not about merit but how many executive directors you know. If you come from tech with levels like engineer 1-5 and principal engineer and the ability to easily get promoted then steer clear. 
Bonuses are under par from most other tech companies, my other employers had targets like 10-15% but at Chase they give you no idea; my bonuses were 7% and 9%. They only care about making bankers and brokers happy not the people keeping the systems working. 
Raises are very poor after 1 year I was not given a raise and told my 7% bonus was high which is why I started looking for new jobs, the next year I only got 2%.
401k matching is horrible, they do not match every pay check and will deposit the funds January the following year if you are still employed. 

No one takes responsibility for their products, if you have an issue with a system good luck trying to get support and it fixed. I had open tickets for bugs for 8 months that were never resolved. Most documentation is nonexistent or outdated.
I understand having to deal with risks and audits but the people managing risk are incompetent. They will say you need to fix this but tell you no information on how to or where to find resources. The whole SDLC risk team have the worst archaic system for getting an application from dev to prod, you have to paste screenshots in excel documents and post it to sharepoint. Every tollgate basically asks the same questions and you just end up copying and pasting from one worksheet to another.
I was told our team would hire new employees to help alleviate the team workload and over a year later they finally opened a couple contractor roles not even FTE as promised. By that time I was burnt out and already planning on leaving. 

Health benefits were great before changing MRA requirements, before you did some activities every quarter to get funds but last year they switched to making you wear a step counter and walk 7,500 steps 20 days a month. I don’t like wearing watches or things so I just decided to forfeit about $500.