The best, and the worst..... - Senior Underwriter Chase Employee Review

Excellent salary and benefits, not knowing Chase's MO, I thought this would be a lifetime career. I was not aware that Chase is notorious for ramping up and overstaffing when times are good, and the minute things get slow entire offices are closed. My issue with their compensation is that they make it so attractive that it makes it impossible to leave if you are sucked into thinking this will be a career stop. I and several peers were approached by several companies to leave, but due to the compensation and benefits you are sucked into staying. Part of our severance was potential placement within the "firm" and career counseling. This was window dressing for the media as less than 10 out of 400+ displaced employees were offered other positions within Chase. Although hundreds of jobs were posted most of my peers could not apply for the majority, even when they wanted to based on the salary range- an example: an underwriter who made $65K wanted to work as a personal banker, issue was since that position's base was $32K, this employee was dissuaded from pursuing. That is one of many examples as employees could not gain interviews for other positions. The bottom line is if you are going on board, think of them like any other company in the mortgage industry, be prepared to find a new job in 3-4 years, just like a great roller coaster- enjoy the ride while you can because it ends really soon.....