Chase reviews

A con that applies to everyone is the PAD Personal Account Dealing policy which restricts what you can do with your investments (stocks, real estate, family business involvement, etc.). The limitations and policy are downplayed in the offer. Examples include, you must, no exceptions, own any stock you purchase for 30 days. If the underlying company announces something as drastic as bankruptcy on the 29 day, too bad, you must hold it (of course the bank and the funds it manages are not held to these restrictions). You can not buy/sell stock without prior approval from the bank... no exceptions regardless of your job function. Anyone who wishes to retire before 70 needs to look at the PAD very closely. In addition, as mentioned... politics run rampant in this company. The bank made an effort to replace upper management with new faces with good industry reputations but middle management which vastly outnumbers them. Individuals with 20+ years who acheived promotion thru the politics and relationships vs merit. Its very important you learn as much as possible about your manager before accepting an offer. Test their knowledge. A good manager will understand the role and the terminology.

Company keeps continuously decreasing bonus incentives every 6 months. Pay cuts are now making private client position lower paid than a regular licensed banker due to recent pay cuts. No raises given after promotion from relationship banker to private client.