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No Growth, Unfair Practices

Applications Developer
Former Employee
Worked at JPMorgan Chase for 2 years
March 19, 2017
New York, New York
1.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Good benefits. Good training programs. Support to move around, though internal mobility is a big joke. You won't be considered for bonuses or hikes for that year. Benefits are OK. Keep training yourself; your rating may be unfairly downgraded to avoid paying bonuses. They may use that excuse to lay you off or to make you move.

Cons

Zero or no growth opportunity.

You will remain stuck if you are in middle office technology. Work pressure will remain, and your manager will try to plot against you to preserve his compensation. There is no sense of fairness in the company.

You should get everything recorded in PMC. Try to collect as many reviews as possible in PMC.

Everyone is a fraudster, all the way from managers to MDs. They will squeeze technology to the extent possible. Tech managers will plot to get rid of you. No one has any ethics or sense of fairness.

They do not tell you anything about growth or rating practices. This is prevalent across the company; everyone feels shortchanged.

So, they screw each other and, once in a while, screw the company. That's why you find the company getting fined almost every year.

They should reveal their compensation practices to employees at the time of onboarding. Also, they should reveal rating policies and their impact.

Do not make any internal moves; it's a huge waste of time. Look always for yourself.

Their logo is to do first-class business in a first-class way and to treat their employees in a third-class way.

Sometimes MDs are also aware of their practices, but they will keep quiet to avoid problems for themselves and to get work done.

Advice to Management

Promote fairness and transparency in compensation and immigration benefits.

Your managers have become under cutters, under takers, and scavengers.

They give false reviews.

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JPMorgan Chase Interview Experiences