Chase reviews

3.8

72% would recommend to a friend

(10,659 total reviews)

Jamie Dimon

75% approve of CEO

70% positive business outlook

Chase has an employee rating of 3.8 out of 5 stars, based on 10,659 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
Dec 17, 2015
Recommend
CEO approval
Business Outlook

Pros

You have plenty of autonomy (assuming you're hitting your goals), and the referral system is designed towards feeding as much as business as possible to the financial advisor.

Cons

Comp plan is ok at best. Revenue is not as important as net, new asset inflows. You receive an annual bonus (in addition to your commissions) depending on how much net new money you bring in for the previous year. On the flipside, if you're not on track on this net new money target, you take a 3% penalty on your payout grid. Quite a nuisance since not only are you losing revenue on the outflow, but the company will also reduce your payout which accelerates the negative impact on your pay.

3.0
Nov 12, 2015
Recommend
CEO approval
Business Outlook

Pros

Chase is a large company with a laundry list of benefits, competitive pay, commission packages and room for advancement. All the pros of working for a company of their size are a given. As an employee, I felt encouraged and supported. Even when considering leaving the bank. With few exceptions, the HR department does a nice job of hiring good people and protecting them with fair policies. Chase has a full spectrum of products, services and technology available for their staff to meet the needs of their clients and encourages teamwork. Though my review does include some cons, I did enjoy my time at Chase and left on my own accord.

Cons

My cons list is subjective and just because I found something to be undesirable, someone else may disagree. Depending on your needs and outlook, working for a company as large as Chase can have it's challenges. In my experience, the higher you go up the ladder in a large bank, the more out of touch they can be with what it is actually like in the branch for employees and customers. I think this can be true of any large company. Bottom line and policy sometimes govern where common sense and compassion should prevail. Hands get tied and people don't want to rock boats. More people, departments and regulation can mean more miscommunication and disconnect. That being said, I can't recall any major injustices. If I felt strongly about something and fought hard enough, I did feel supported by my direct managers overall. That is the big picture. I don't want to whine too much and be negative, because you will make your experience what you want it to be and different things bother different people. Most of the negative reviews I see on here may tell of true experiences but they are one sided and surrounded by lots of excuses and blame. In my experience, people who are that unhappy are partly to blame by not being realistic about why they took the job and if it was really for them. In my opinion, anyone can learn to be a banker or a teller. However, if you do not posses some key intrinsic qualities... you will struggle on a daily basis. Do not fool yourself into being qualified for a retail banking job. Burn out is a real thing and many branch employees experience it. One specific tip I will give you is that being a banker is a sales job. It may be needs based selling, but you will be expected to make cold calls, approach customers in the lobby, offer additional products to existing clients. You will have sales goals, and you can be let go for not hitting them. Branch staffing models are getting leaner as banking moves toward technology. You will be expected to push change a bit to clients who are resistant and it will be uncomfortable when they are standing in line for long periods of time and all they want is another teller (trust me, all you will want is another teller too, haha). You will also have to follow new regulatory procedures. Customers are also uncomfortable with some of the new questions, disclosures and longer times it may take to do their banking when sitting with you. This all ties into sales, and I can't stress enough that is the word sales makes you think twice...trust your gut. Most unhappy bankers I know are unhappy because of the factors I just listed. I know bankers that do and have worked at all of the major banks and knowing what I know, I would still work at Chase over any of the major banks.

1.0
Sep 22, 2015
Recommend
CEO approval
Business Outlook

Pros

health benefits are great, you can make bonuses (good luck), some pretty good people work at chase.

Cons

It is a sales job and all that matters are numbers. I was a relationship banker which requires getting your series 6 & 63 which you use 0% of the time so it is useless. Be prepared to work almost every Saturday of your life, to try and convince people to bring there money that is earing a higher interest rate at another bank to chase and get them to invest (not gonna happen). You will waste your day cold calling people trying to convince them to get products don't need (this doesn't work). You wear a suit, but barely make enough to get by (oh yeah you have to buy your suits too). Bonuses are great if you can actually get them. If you are at a slower branch you are doomed. Technology is changing how people bank thus brining less people into the bank which means less opportunity to earn bonuses (think ATM's, online, phone apps, E-ATM's, etc). Once you get licensed you have to stay at Chase for 1 year from that date...not your hire date, or you will owe chase $2000 to pay them back for the licensing fees. I had to pay them the full $2000 because I was only licensed for 10 months. I earned that company tens of thousands of dollars and if I didn't pay they were going to send me to collections. My college degree went to waste in the anxiety inducing environment. Also have fun dealing with customers have next to no knowledge on finances and their inability to handle their account is your fault. Retail banking sucks. If you want to bank go to a credit union.

Viewing 88 - 90 of 10,659 Reviews

Glassdoor has 10,917 Chase reviews submitted anonymously by Chase employees. Read employee reviews and ratings on Glassdoor to decide if Chase is right for you.