Chase reviews

3.7

72% would recommend to a friend

(10,660 total reviews)

Jamie Dimon

75% approve of CEO

69% positive business outlook

Chase has an employee rating of 3.7 out of 5 stars, based on 10,660 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Chase employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

11K reviews
3.0
May 30, 2008
Recommend
CEO approval
Business Outlook

Pros

JPMorgan Chase is a one of the largest financial services institutions in the world. There is always opportunity to advance your career if you are willing to work hard. There are opportunities in all kinds of fields; the retail branch is only a small portion of the overall company. Chase is located in 17 US states and many countries around the world and is willing to work with employees to relocate within the company. The personal banker incentive plan is one of the very best in the industry. If you are willing to work hard, there is unlimited potential to earn incentives, and the plan is structured in such a way that you actually get paid for offering free products, which you will be hard pressed to find elsewhere. The training is also great and prepares you well for the professional work place.

Cons

Being such a large company, it is very easy for the 'little guy' to get left behind. Since the company has become such a large corporate institution, many of the little things that made it such a nice place to work for when it was smaller have been taken away to increase overall revenues. Senior management has turned largely to micro-managing the employees, which can be productive when appropriately applied, but seems to have taken a turn for the worse recently. Rather than being encouraged to produce results, employees are cautioned to fear not producing the RIGHT results. Although the incentive plan is great, the base pay is quite low compared to other financial institutions. The high personal banker incentive plan encourages a younger, more eager crowd because of it's large payout potential, but in reality is designed to turnover the position within a few years when bankers realize they can get paid a considerably higher base elsewhere, which enables the company to continue paying a much lower base. This also lowers customer satisfaction ratings because there is such a high branch turnover rate.

3.0
May 22, 2008
Recommend
CEO approval
Business Outlook

Pros

The company has a good reputation in the field, and also provides a lot of job security becuase it is as big as they get. There are great benefits, incuding product discounts, health insurance, retirement, and other promotions through retailers. You recieve a lot of training and take away many skills.

Cons

Working for such a large company you get very lost with all of the other employees and it is difficult to make aname for yourself. There is a very repetative daily routine, and you have to deal with rude customers, lower compensation than industry average in retail side, hard to move out of retail division to something else.

4.0
May 16, 2008
Recommend
CEO approval
Business Outlook

Pros

I think Chase has a lot of offer to it's customers and that makes my job easier. I truly feel the variety of great products and the convenience of banking with Chase are beyond what any other financial institution can offer.It's easy to work for a company that is large and competitive with it's products and can provide the resources nessasary to their employees to stay on top of the game. I enjoy my job, I enjoy helping my customers and surprising them with new features that the company constantly offers with our products, especially when it's fee. I really like my job, I just wish it paid a little more, although there is opportunity. They do promote from within often. It is strictly a sales job, all sales.

Cons

The payment structure can be a little better, it seems over the years the job got harder and there's more to do, but the pay structure for our commissions got worse/limited. Most Chase branches are open Saturdays and everybody must work that day, although you do get a weekday off instead. The personal banker job requires handling a lot of different things, like opening accounts, doing home equity loans, auto and personal loans, making calls for account reviews, making calls for investments, setting up brokerage accounts, monitoring customers accounts, handling complaints, etc. and it can be overwhelming. I don't particularly like that in an effort to have consistency between the branches they constantly come up with phrases we have to use when talking to our customers. I find it robotic and impersonal and so do the customers. Chase does not reimburse for college tuition when you work at the retail level, because supposedly a bachelors degree is not technically necessary, but preferred, for the positions at the branch, which I find ridiculous. Overall, it's not a bad job at all, but you have to be aggressive, or you wont get paid much.

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