Company: J-P-Morgan
Date: 2011-01-12
Overall rating: 4/5
Employment status: current

Pay doesn't quite match performance
Pros: They encourage movement between roles and for the most part promote those worthy of promotions.  Most people are very helpful and supportive when you want to get something done.  If you do well at your job, you will get additional responsiblity and decision making power - they recognize high performers well in this regard as well as through thank you notes (sadly not as much through monetary compensation however, see Cons below).
Cons: My biggest issue with the bank is their compensation doesn't seem to match the performance of their employees.  If one person works 70 hours/week and another person with the same job on a similar team works 40 hours, it just doesn't seem fair that they get paid the same amount, but this is often the case.  JPM occassionally runs into problems by hiring external candidates into jobs with titles higher than they are capable of handling well.