Company: J-P-Morgan
Date: 2020-04-09
Overall rating: 3/5
Employment status: current
Experience level: Senior

Asset Management - Good place to work, could be great but isn’t because of cons below
Pros: Scale of the business has enabled us to have good resources to do research and travel to conferences to collect data points. Great access to Corporates because of our brand and size of business. Longer term thinking encouraged.
Cons: This is more than 50% a macro shop.  While their are many exceptions, too many PMs do not really know the sector and companies and do not work hard to go up the learning curve. They have a cushy lifestyle and most leave work at 5pm on most days and quite a few don’t seem to work on Fridays.  Many PMs have never done a single minute of primary work (e.g. reading sell side initiation reports) on anything. Analysts meanwhile are being pulled in multiple directions beyond their core job of picking  stocks and asked to do more with less and at the same time are expected to educate/spoon feed PMs about the companies.  Workplace technology and bureaucracy are a serious hinderance to work.