What it Does: Corporate & institutional banking, consumer banking, portfolio management, and trade finance are all services offered by J.P. Morgan.
Mission: Through primary philanthropy projects in the areas of manpower preparedness, the small success of a company, and financial competence, J.P. Morgan is dedicated to assisting in the progress of the economy and economical inclusion.
Size and Presence: Having total assets of US$3.954 trillion, J.P. Morgan is the biggest bank in America, the largest bank globally by market valuation, and the sixth largest bank globally overall.
Best Known For: Along with Wells Fargo, Citigroup, and Bank of America, it is one of the Big Four banks in the United States. J.P. Morgan is regarded as a worldwide bank and a custodian bank.
The Good Bits: Salary and incentives are off the charts along with an excellent work environment.
The Not So Good Bits: Work pressure is quite due to the huge size of the bank which is detrimental to the work-life balance.
Well over 1,200 antecedent organizations together throughout the years created the corporation that exists today, upon which the company is based. Our company dates back to 1799 in New York City, and among the many famous heritage companies, we have ties to are J.P. Morgan & Co., The Chase Manhattan Bank, Bank One, Manufacturers Hanover Trust Co., Chemical Bank, The First National Bank of Chicago, The National Bank of Detroit, The Bear Stearns Companies Inc., Robert Fleming Holdings, Cazenove Group, and the operation purchased in the Washington Mutual transaction. Each of these businesses, in its time, had a strong connection to financial advances as well as the expansion of the American and worldwide economies.
For both the workers and the company, J.P. Morgan is trying to promote a diverse and inclusive culture. Every effort must begin at home, therefore the company is scrutinizing every aspect of our diverse hiring policies, training programs, offerings of commodities, and supplier diversity.
In addition to outlining prospects for the future, the organization’s workforce disclosure demonstrates our accomplishments from 2018 to 2020 in creating a stronger, more diverse workforce. By 2020, women made up 49 percent of the worldwide workforce, while ethnically diverse workers made up 52 percent of our U.S. workforce.
Employees may exchange ideas, advance their careers, and network with co-workers who share their interests thanks to inclusive groups that work together across regions and inside the J.P. Morgan network. Priorities of the company are available to all employees and are in line with those of the company.
J.P. Morgan within its recruitment process imbibes the following processes:
The average annual salary of a fresh graduate at J.P. Morgan Singapore is SGD 50,000.
By functional commitment to achieving carbon neutrality, J.P. Morgan succeeded in sourcing renewable energy for all of its worldwide power requirements in 2020. By producing and acquiring renewable energy together with the associated Energy Attribute Certificates in a quantity equal to the total megawatt hours of power that the company internationally utilized over the year, J.P. Morgan was able to achieve our target. By implementing long-term sustainable energy purchasing agreements and constructing on-site energy systems, J.P. Morgan will keep promoting the growth of renewable energy.
To resolve allegations that its Wall Street business let staff evade federal record-keeping regulations, JPMorgan Chase has agreed to pay $200 million in fines to two U.S. banking authorities.