Chase Paymentech Canada - Analyst - Senior Analyst Chase Employee Review

2.0
Mar 25, 2017
Recommend
CEO approval
Business Outlook

Pros

Benefits (vacation allotment), work/life balance, free parking, pedigree of JPMorgan Chase on your resume, likeable down-to-earth employees, well-intentioned strategic focus, industry that is growing and will remain relevant (credit card processing)

Cons

Quite simply, it's the most unqualified and unprofessional work environment I have ever seen. Not that education equates to performance, but it's shocking the lack of qualified management and staff. Apathy is one of the most insidious problems permeating the entire company although if you just want to clock in and out, this is the place to be. You will unfortunately gain zero portable skill sets so if you choose to stay realize you do so at your own expense - competitors in the marketplace are flying by you. Entire compensation is ok (pension etc), but the actual salary is verging on pathetic and they are aware of this. This folly is the primary reason they cannot retain talent which is also a direct contradiction in them claiming they value people and talent. Every competent person has left - I mean this seriously! I cannot emphasize this enough: if you have any ambition, it's literally impossible to stay here...the environment and pay will force you out the door as it did me. Management, while generally incompetent and unqualified, will get paid competitively so if you can snag a role like that, you've hit the jackpot...but these are hard to come by (like many companies)...and you can't fault people for not wanting to leave a good gig. My review of course is from my specific experience as a Senior Analyst, but I did work here for 5+ years and had several roles so this granted me a holistic perspective. If you are investigating for an analyst position, how should I say this....hmm, trust your instincts if something seems awry in the interview.

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Cons

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Pros

-location & team are important. I had an amazing team and location. Rare, but amazing for making money when aligned. -you can learn the financial industry -reputable company, great CEO -you are highly compensated to win over affluent families banking/wealth/lending relationships.

Cons

-we have 5 managers and each of them get replaced bi-annually. -The management hired does not know anything about finance, yet tasked to manage financial professionals. Zero standards for recruitment. Imagine this: An accounting firm is looking for a new accountant. The manager goes out and hires 5 "accountants" but not a single one of them is a CPA. You think, "how could this happen?" That's JPMC for you. -HIGH PRESSURE SALES TACTICS.***

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