Lots of potential but not for everyone - Private Client Banker Chase Employee Review

2.0
Oct 16, 2017
Recommend
CEO approval
Business Outlook

Pros

Large branch presence, lots of clients that walk in everyday, unsolicited "new money" walking in everyday if you're at the right branch, which makes meeting your "sales goals" realistic but just like any other sales oriented environment, if you're not in the right location, it'll be tough to bring in loan and investment dollars. I really enjoyed the salary structure, usually 38k base plus commission, so you get what you put in, lots of potential to make a lot of money but key word: POTENTIAL, also loved the bank holidays, hours, paid time off (vacation, sick, personal), great 401k match and ESPP, overall the job is not very hard

Cons

-expect to wear A LOT of hats, since the branches are shrinking drastically on staff, expect to make your 10-50 calls per day to schedule appointments and bring in new money but also you might have to be a greeter, provide manager overrides at teller window and help 90 year olds balance their checkbook -they paint the PCB role to be an elevated position, it really isn't, all the bankers are pretty much expected to do the same thing -NO ROOM FOR ADVANCEMENT -as a banker, you'll either be a Branch Manager (60-70+ hours per week, no thanks) or if you're a top ranked banker (pretty much top 3 in the district), you can maybe move to Financial Advisor role. I was hoping to move into one of our many, many corporate offices in Dallas and even with a degree and several years of banking experience, didn't receive any support for advancement, get the experience and don't say longer than 3 years, or you'll just get stuck -daily sales requirements -Chase tries to act like they're different than their competitors, all big banks are the same. Tracked daily on getting the silliest things like mobile and paperless. -Too much pressure on client experience to the point where it's not genuine at all, we have greeters or "adopters" that basically greet the clients but their sole purpose is to get clients to use ATMs, it comes off so fake and very awkward for the client

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Pros

great monthly uncapped commission and annual

Cons

Lowest salary in the industry

4.0
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Recommend
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Pros

Good pay & good people

Cons

Not the best work life balance

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