Personal Insights on Working at JP Morgan Chase and WAMU
My experience at JP Morgan Chase and WAMU has been a journey that taught me both the benefits and challenges of working in a large financial institution. Here, I will delve into my personal observations and reflections on the treatment of employees, office politics, and overall career development.
Positive Aspects of Working at JP Morgan Chase
Despite the inevitable presence of office politics, my time at JP Morgan Chase was largely positive. The hours were long, but the vast amount of knowledge and intellectual engagement made the work incredibly fulfilling. My initial pay was better than anything I had ever expected, and the work environment was intellectually stimulating. I found myself surrounded by people who were more knowledgeable and smarter than myself, which was a significant boost to my professional growth. These experiences set the foundation for my career and introduced me to a community of knowledgeable and talented professionals.
Friendly Work Environment and Career Growth
The company culture at JP Morgan Chase promoted a friendly and supportive work environment. I formed lifelong friendships that have endured over the years, and even today, I stay in close contact with several colleagues. These relationships extended beyond the workplace; one of my friends and I plan to go shooting sporting clays together on the upcoming Saturday.
Opportunities for Career Development
JP Morgan Chase provided ample opportunities for career growth, which was critical for my development as a professional. I began my career in HELOC Collections, moved to Loss Mitigation, became involved in Underwater for MHA FHA loans, and eventually returned to Loss Mitigation. This continuous progression allowed me to gain a diverse range of experiences and skills, preparing me for a variety of roles within the company.
Negative Aspects and Office Politics
Office politics were a significant challenge in the sell-side division. According to one of my bosses, instead of backstabbing, they held meetings to explain why certain actions were necessary for the bank's benefit. Despite this, the competitive nature of the environment could be quite challenging. I found it difficult to discern when to provide authentic feedback versus catering to what others wanted to hear, a skill that was crucial but not always easily mastered.
Comparing JP Morgan Chase and WAMU
Overall, I believe that JP Morgan Chase offers an excellent start for a Wall Street career. The opportunities for growth, friendly work environment, and supportive culture make it a top choice compared to many other banks. This positive view is echoed across the industry, making it a favored destination for new professionals entering the financial sector.
Transition from Temp to Employee
My journey began as a temporary worker at WAMU, which was acquired by Chase in 2009. I was hired by Chase upon this acquisition, making 14.48 per hour with bonuses. My benefits were excellent, including great health insurance, sick leave, personal time, and two 15-minute breaks with a 1-hour lunch. The company consistently organized group outings and raffles to show appreciation for employees, further enhancing the work environment.
Professional Journey at WAMU
My career at WAMU/Chase began in HELOC Collections, moved to Loss Mitigation, and then I became an Underwater for MHA FHA loans before returning to Loss Mitigation again. I worked for a total of 3.5 years, during which I pursued my degree in paramedic science, eventually leaving to complete my studies full-time.
These experiences have shaped my career and provided me with a rich understanding of the financial industry. While the road was not without its challenges, the rewards were immeasurable, making both JP Morgan Chase and WAMU memorable and positive experiences.