Archive · 8 Jun 2025
JP Morgan to Fire New Hires Quitting Within 18 Months
JP Morgan is telling new hires that if they accept another job before they start or within 18 months, they'll be fired.
The bank's CEO, Jamie Dimon, doesn't like it when people take a job at JP Morgan and then plan to leave quickly for other opportunities.
He feels it's unethical and creates problems for the bank.
New employees must also attend all required training sessions and meetings.
This new rule is mainly for recent graduates in the US.
The bank wants its employees to be fully committed, especially those just starting out.
JP Morgan will fire new graduate hires who accept future roles elsewhere.
Employees will be terminated if they leave within 18 months of joining.
The policy follows CEO Jamie Dimon's concerns about early departures.
Dimon called it 'unethical' for employees to quit for private equity soon after joining.
The policy primarily targets new US-based graduate employees.
- Who
- JP Morgan and new graduate hires.
- What
- JP Morgan is implementing a policy to fire new hires who accept other jobs before or within 18 months of joining.
- When
- The policy applies to new hires starting recently.
- Where
- United States
- Why
- To ensure commitment and prevent quick departures to other companies.
Employee Perspective
JP Morgan Perspective
Employee Commitment
Employee Perspective
Employees may seek better opportunities.
JP Morgan Perspective
Early departures are unethical and create conflicts.
- Company
- JP Morgan
- Targeted Employees
- New graduate hires
- Departure Timeframe
- Before joining or within 18 months
- CEO's Stance
- Views early departures as unethical
- Primary Location
- United States