Company: J-P-Morgan
Date: 2019-08-26
Overall rating: 2/5
Employment status: current
Experience level: Senior

Overall steady decline in pay
Pros: Vacation and sick time.  Good place to start if you are fresh out of high school or college.
Cons: Incentives been steadily declining over the years. Capped on investments and new money. Does not matter how good you are if you happened to be in low traffic not best demographics location.  Flip side - you can be really lousy banker but in good location you'll look like a super star. You can move up to CPC banker, will be doing exactly the same things as RB but with a lot less almost no caps. Problem is - people  in good locations usually stay for a while unless they are fired. Lots of favoritism in terms of promotions. Managers with zero actual hands on banking experience being promoted instead of qualified steady performers.  On top of that unless you are in large metropolitan area your chances for advancement are slim to none.  Chase will try to pretend that they want you to stay after you'd turn in a two weeks notice by asking to see a new job offer just to tell you that they can not match or come close to that offer. Just a show. Banker support getting worse and worse due to massive outsourcing. Technology is good but a LOT of glitches in the last couple of years and seems to be getting worse. Branches being turned into  express ( no teller line ) which has a negative reflection on traffic, but want bankers to make sales calls to bring people back in. Low base pay. No annual bonuses. Brought back nominal pay increases just a few years ago. Prior to that had a pay increase freeze for at least 10 years. In terms of new hires seems like Chase prefers to hire kids out of high school or college, pay them low salary and promise unlimited earning. End result - high turn over in branches.  Very heavy competition between different levels of bankers where some bankers are not even being paid on certain items but because of the promise of "show what you can do and we'll take care of you" they will gladly take business away from those who otherwise would get paid.
Overall not the Chase I started with years ago...