4 Ways JPMorgan Chase is Changing the Game for Women in the Workforce

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Not all workplaces are equal. You’ve likely heard horror stories — or have your own — about companies where women don’t always feel they are treated as equals. On the flip side, though, some employers are becoming known as wonderful places for women to work. JPMorgan Chase & Co., for example — which ranked as one of the Best Companies for Women in Finance in 2018 — is committed to advancing gender equality within its workforce and is also making moves to ensure that women are equipped with the tools and resources they need to progress and excel.

 “Equality at the workplace is not just good for women, it’s good for business,” explains JPMorgan Chase & Co. Chairman & CEO, Jamie Dimon. “Diverse perspectives, skill sets and experiences are key ingredients.” With these ideals in mind, it’s no surprise that women make up half of the company’s global workforce and are represented at every level of the organization.

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JPMorgan’s Women on the Move initiative reflects some of the bank’s chief objectives: to advance women everywhere through tools that improve women’s financial health, to be the best company for women to build their careers, and to be the best bank for women-run businesses at all stages.

Here are four ways they’re working toward these goals:

1. JPMorgan hosts more than a dozen targeted resource groups for women, including Women on the Move Interactive Network, which supports the growth and retention of women at all levels through mentorship. Their Corporate & Investment Bank’s Leadership Acceleration Program (LeAP) provides women around the world with mentorship and hands-on training to grow their careers, and Winning Women is an introductory program that provides insight into the industry.
2. There are a variety of initiatives to promote diversity within the technology workforce. Technology Emerging Leaders, for instance, is a six-month program designed to train promising female technologists.
3. JPMorgan has designed several programs to assist working parents. The company offers programs geared toward adoption assistance, back-up care, expanded maternity/paternity leave and programs addressing barriers for work re-entry. They’ve launched a “parents@jpmc” site with educational tools and resources to help parents connect and maximize success at work. They have a ReEntry Program that creates a pathway for women who have been out of the workforce and are ready to return. There’s also a Maternity Mentors initiative that supports working mothers by connecting them with each other and senior mentors.
4. JPMorgan is helping women around the world improve their financial health. This may sound like an ambitious goal, but JPMorgan Chase is making this happen through numerous initiatives, such as: Pro Mujer in Mexico City, which provides small loans and business support services to low-income women to start and grow microbusinesses; Women In Non-Traditional Employment Roles Empowers, an LA-based program that helps women to achieve economic self-sufficiency through vocational trainings; and BAFF, a Frankfurt-based program that assists single mothers, migrants and other vulnerable women in qualifying for high-quality, in-demand professional jobs through skills development programs.
“There’s an abundance of research that proves that having more women in the workforce at senior levels improves the bottom line for companies,” says JPMorgan CFO Marianne Lake. “And so while JPMorgan Chase believes in the moral imperative of gender equality in the workplace, we also know there’s a business case. Our own experiences have shown us that our firm excels when women have opportunities to excel.”  
Interested in joining a team that’s committed to making not only its own workforce — but the world — better for women? Browse openings at JPMorgan!
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