Pros
OK benefits. Good experience. Opportunity to get Series 6/63 Licensed. Good job for recent college grad. Get your license/experience and get out! Branch Manager and employees great to work with. Senior Management is good but I have heard of bad experiences. Overall they agree that we should be compensated more. I should note that I was not fired, have never been discriminated against and have no ill will towards and of my co-workers. This review is solely based on JPM Chase's compensation structure.
Cons
Base Salary is $32k. No raises. Bankers with Chase for 10+ yrs making $32k. If you get promoted you get a PAY CUT! Commissions are a JOKE. The ONLY bankers that are making good money are in NY City. Some making $20k month in commissions alone. They are the example to the rest of the country, when there is absolutely NO WAY to make that kind of money in 98% of the rest of the country. PVC system is a joke. Lots of disgruntled banker's expected to provide a Great Customer experience....it's not happening! 15 PVC's to open account you get 80% dollar value when you hit 400 PVC's and 100% when you hit 1000 PVC's. Hardly any bankers make 1000 PVC's in a month to be able to get a $1000 commission check.