Churn and Burn - Home Lending Advisor J.P. Morgan Employee Review

2.0
Jan 25, 2023
Recommend
CEO approval
Business Outlook

Pros

Learn the industry, if you drink the “cool aid”, and don’t make ANY opinions known, (or make any observational facts known), you can get into Chase, and possibly move out of this department into a more secure, appreciated role.

Cons

Poorly competitive base salary. $36,000/annually. Doesn’t increase, regardless of performance. Compensation sales plan changes significantly, requiring significantly more closed contracts per month, to make less money. They increase administrative responsibilities on the sales team, which takes time out of performing business building tasks, that you would get paid on. Service compensation is poorly tied to your service scores. They refuse to update surveys, to isolate which roles in the process provided the service that was good in contrast to where it was challenged. There is only ONE Service Score on the post mortgage contract closing survey. Operations is poorly compensated, so those roles that close the mortgage contract, don’t get a financial “ding”, if they perform poorly. There is no incentive for operations to get their job done, when they are out sick, vacation, or on leave. Their team managers, are over taxed, and can’t possibly get to everyone on their team that they need to cover. You can’t have operations so poorly conducted, and get poor service scores, then make the sales team suffer by not receiving CSAT bonus. MANY individuals in sales and operations are being treated for anxiety, medically. Was told by individuals personally, the meds, and sleep issues they were experiencing in their role.

Explore other reviews about J.P. Morgan

5.0
Apr 12, 2026
Recommend
CEO approval
Business Outlook

Pros

Good work and life balance

Cons

Can not think of any

3.0
May 12, 2026
Recommend
CEO approval
Business Outlook

Pros

1. One of the best banks, heavy on tech and AI, that makes my life simple 2. Bonus is consistent every year 3. The company is highly social and multicultural. 4. A lot of training program to upskill and develop.

Cons

1. A lot of administrative items to take care of, a significant portion is spent on meetings, meetings are called to establish an agenda for next meetings, and so on. 2. Layoffs, all year round- sometimes significant, while in the middle of delivery. If your manager is off-site/ another city/country, you are more likely to be impacted. 3. Departments may have skewed gender or racial ratios. It is best to stay away to avoid discrimination (to be fair, this has less to do with culture and more to do with who the head of the department is).

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