Company: J-P-Morgan
Date: 2015-03-31
Overall rating: 3/5
Employment status: former

Certain areas are a joke
Pros: - some brilliant people work here
- if you are good at networking you can make some great life-long contacts
- global organization provides exposure to multiple cultures
- great for tarting a career; not for the long term
- really decent work/life balance
- Jamie is smart, a great leader; it's the 2nd and 3rd levels down that are super questionable
Cons: - several groups are led by inexperienced managers or ppl who don't have the right skillset
- nepotism is rampant
- internal politics are stifling; but it you can navigate them you'll be fine
- poor internal communication; i found out about things from ppl outside the company before I was notified
- outright lies: there would be no layoffs associated with the London Whale debacle...then 6-10 months later began the "restructuring". Though you can't directly associate with the incident, every dept was asked to make cuts and several volunteered instead of being forced
- no clear path on promotions; many clear lifers
- budgeting was a joke. Each year asked to put together a budget to match division strategy (what strategy?). You work with teams to design the right budget and marketing programs...then you'd get the same budget - 10%. Product executives would be annoyed by the waste of time. Why go through the exercise? Tell us what it is and we'll make decisions