Company: J-P-Morgan
Date: 2009-01-31
Overall rating: 2/5
Employment status: current

What to expect when working with JPMorganChase
Pros: It's currently doing well in comparison to it's competitors.  It's a huge company, if you can figure out how to navigate and build the right contacts, then your opportunities are unlimited. On good years, if you are bonus eligible you can get a pretty decent bonus.
Cons: There's alot of lousy managers.  They might be smart, but they are completely clueless on how to manage.I had alot of experiences where I would bring issues to a manager and they would do absolutely nothing.  In the end of the day, Sh** will fall down.  If your at the bottom of the totempole, then you will probably get screwed when it comes to your performance evaluation.  It's hard to cya if your at the bottom so it's very easy for mgmt to get away with bullying you around.  Note, hr isn't set up to protect employees.  They are set up for the company.  The mgmt culture and goals are to get as much out of their employees as possible while paying the least amount.  If you choose to work there, you have the best bargaining power once you get an offer.  If your in the door, it's hard to bargain or negotiate for a better compensation package.  Also, there is no work/life balance.  They usually don't tell you the truth when you are interviewing.  Training is very poor.  Processes are very antiquated.  The company has went through many mergers which means the processes are very convoluted.  Imagine a machine broken and you keep on putting a band aid on it.  Also, the company goes through alot of reorgs, and change of management.  So end of the day when you get hired don't walk in with any expectation because it's subject to change by management.  In addition, you don't always feel like they appreciate your work, therefore when working for JPMorganChase, you need to have a mindset that you are here to collect a paycheck to just do a good job.