Pros
- Brand recognition - A minority of people are decent
Cons
- Ridiculously low wages and bonuses for the insanely long hours required - Directors get very high disproportionate salaries compared with lower staff levels - Insanely bureaucratic and secretive, even simple requests need a large number of approvals and the business is super secretive about sharing any information with employees. Way too much time is spent on admin requirements - Power and influence is highly concentrated in the hands of Directors and lower-level employees rarely have a say on things - There is no culture of mentorship in the business. Managers and Senior Managers only want to exploit junior members during projects and discard them afterwards when they don't need them. Therefore, there is little support for mentorship and little altruism/empathy - Directors rarely talk to juniors and they often don't answer emails if you are not senior enough - Hiring policies are highly immoral as they try to get overqualified people to sign contracts for positions that are lower in rank than anywhere else in the market, therefore offering them lower wages than what they are worth - HR sides with the business 10/10 cases and there is no impartiality, therefore HR can't be relied on at all - A significant amount of travel is often required, therefore negatively work-life balance - IT is very poor, makes most projects a nightmare - Diversity at senior levels is a joke. Aprox. 90% of senior leaders are White British males - Moving across teams and functions is a highly opaque process which is also not encouraged. Therefore, lateral career progression is highly difficult - JP Morgan uses its power as a large organisation to use and dump people on an ongoing basis. Leaders don't care about people leaving, it is business as usual for them and they don't even have a problem with that. Instead, they should understand why people leave and create a nurturing environment. - Everyone is afraid to speak up to Directors or Clients, even when they have insanely unreasonable demands. - JP Morgan is a fear-based culture.