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Big Brand - not so big on values and culture

Vice President Global Technology
Current Employee
Has worked at JPMorgan Chase for 4 years
May 2, 2018
New York, New York
2.0
Doesn't RecommendNeutral OutlookNo CEO Opinion
Pros

Good pay (not the best), but if you can negotiate and come in with a good package, it will most likely be higher than what other similar-sized institutions will pay. However, there is hardly any percentage yearly raise.

Not so bad bonus. In Technology, they don't pay as much bonus as they do for the business guys who bring in the money. Give or take 10%.

Decent medical coverage. Not a big fan, but it works.

Lot of technology focus. Wide range of things to work on, from legacy tech to cloud computing.

Has a cafeteria in my location with subsidized food. Decent choices are available.

Good work-life balance. Unless you are in a very specific role that requires you to take off-hours calls or something, you can generally do an 8-4 / 9-5 job here.

Cons

There have been 6-7 changes in management in the last 3 years. There is no stability.

A new lead comes in, spends a year criticizing the previous lead and planning the next big thing, and then there is a management change. He leaves (or is asked to leave) and the cycle repeats.

No value for people. Everyone is replaceable.

They will talk all sweet in town halls, but the ground reality is different.

Not easy for folks on work visas, waiting for GC, etc.

Lot of politics.

Hard to achieve anything. People will first be unsupportive of what you are trying to do, and then if you somehow still manage to do well, they will finally try to steal your thunder and claim credit for the task you did.

Incompetent people are promoted over smart ones, just on the basis of personal rapport.

Layoff culture (for whatever reasons. Mostly personal).

(There could be many more - I am just tired of typing).

(The above points are obviously generalized; there are good people and good projects too. Might be rare, but there are.)

Advice to Management

Try to practice what you preach. There is a huge disconnect between what is said in the town halls and what is the reality on the floor. It also doesn't help when you consistently lay people off without trying to work with them and whatever problem they have. The morale on the floor is pretty low, and you need to act now.

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