Ivy Exec
49 W38th Street, Floor 12A New York NY 10016
Customer Support 1 (888) 551-3444 Toll Free
Customer Support (212) 431-3969
Elena Bajic
2006

(26)

5 stars

(95)

4 stars

(56)

3 stars

(35)

2 stars

(8)

1 star

Recommend to a friend

72%

Say this is a great place to work

69%

Proud to have on resume

80%

Employee - Senior Vice President

Would change the size

Employee - Vice President

The Bank should place a premium on staff knowledge when considering reduction in force and not focus as much on salary in the selection process.

Employee - Vice President

Work/Life balance is weighted towards "WORK".

Employee - Vice President

Management style leans toward intimidation, not collaboration.

Employee - Senior Vice President

The top guy is good but his directs - not so much. It's all about sales in a highly-regulated environment. But don't kid yourself that they are interested in you and your success. It's a business. Like most banks, they don't need ideas, they just want sales and people that will help justify the ideas of others.

Employee - Senior Vice President

Typical bank. All about cross selling.

Employee - Associate

the HR policies are very lopsided

Employee - Vice President

Rigid hierarchy - limited work flexibility

Employee - Vice President

They used to be downtown. They moved to midtown which was a great move. Every big bank should be in midtown as it serves long island, westchester and connecticut best.

Employee - Vice President

They dont suffer fools gladly. They will work with you to a point and if you just arent cut out for it they will cut bait. I think its fair and it works to retain valuable employees

Employee - Vice President

It rewards hard work and integrity and it requires you to do what it takes to make money and keep clients happy. Both must happen.

Employee - Managing Director

Great Comraderie. Not a stab you in the back mentality that is so prevalent on Wall Street

Employee - Associate

Wish it was less political and less stress and turnover every year in period Sept - Jan because of bonus maneuvers

Employee - Senior Vice President

JPMorgan is a fantastic place to work, with very bright people and a civilized working environment in contrast to many Wall Street firms known for their abrasive culture. What they need to improve on is: 1) Meritocracy - advancing someone's career because they are the protege of senior management and are political focusing on increasing their "likeability" and "agreeableness" with senior management rather than the quality of their product or performance with clients is demotivating for the real performers. JPMorgan has had extremely bright junior bankers that have been superstars but have fallen through the cracks or have not been advanced in their careers because they have not had the random chance of working in a seat that is protected by some high-placed senior management banker. 2) Development - there has to be a career plan and development plan for the Tier 1 junior bankers. That plan needs to be discussed with HR and the junior banker and management has to ensure that the opportunities they offer those junior bankers (e.g. internal transfer to a new group, expatriate international placement, short-term deal execution in a different office) is a good FIT for this banker's strongest qualities. Too often, candidates are moved to a new spot, simply because it needs to be filled quickly, with no time for extensive recruiting process (internal) and those new spots are a complete mismatch for that particular banker. 3) Diversity - JPMorgan can do a lot better job at demonstrating - through actions, rather than PR - that it cares about diversity. In a layoff or downsizing, single women are always worse affected. The rationale may be that highly educated single women with no 3 kids to feed will be less negatively affected by the job loss, but the reality is that they are single head of households and the only one taking care of themselves. Meritocracy alone should drive decisions in these situations. 4) Shake up - there are too many people doing average work who are paid extremely high and disproportionate to the value they bring; simply because compensation increases on a timeline (years at the bank and title level). Compensation needs to be more meritocracy based. E.g. a junior banker who has been in a unique position to be part of a tiny start-up team that made record amount of money for the bank needs to be paid based on their contribution, not within the bonus bracket limitations set for his/her class level (e.g. Associate year 1, Associate year 2, etc).

Employee - Senior Vice President

You will be surrounded by very smart people. JPMorgan is a machine - things work there. Processes have been established. There is accountability. There is strategy. People remain friends after they leave the company.

Employee - Senior Vice President

Civilized working environment. Intellectually inclined group of people. Highly competitive but not abrasively so.

Employee - Senior Vice President

Too much red tape and bureaucracy, but still a great company.

Employee - Senior Vice President

You must love the business and spend a LOT of time to succeed.

Employee - Senior Vice President

A company with great heritage that prides itself for having the best professionals.

Employee - Vice President

Ruthless place to work and expect to be treated fairly by upper management.