Merrill Lynch Finance Trainee Interview Questions

Updated Oct 27, 2014
Updated Oct 27, 2014
46 Interview Reviews

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  1.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied through a recruiter. The process took 5 weeksinterviewed at Merrill Lynch.

    Interview Details

    The process began with me contacting and sending my resume to the branch manager. From there he forwarded my information to an area recruiter. My process with the recruiter began with creating an applicant profile and taking the FIAT. The FIAT consisted of algebraic questions, finance/econ questions, and some logic exercises. A day or two later the recruiter informed me that I passed the FIAT and we scheduled a phone interview. The phone interview consisted of questions related to my current work experience, education, reasons for applying, and plan for success as a FA. Following that interview the recruiter had me fill out disclosure forms and give consent to perform additional screening. I was then turned over to the local branch manager to schedule an interview. A meeting was scheduled and I met with the manager some days later for the high achiever interview. This interview consisted of the common pleasantries and questions of your standard interview. My resume was scrutinized as well as me selling myself for the position. It seemed to go well and I was further informed of how the process would unfold in the next stages. No directions or expectations were given after this interview. I waited for a couple of weeks without any communication and was informed by email that I was no longer being considered for the position. It was disappointing as the process seemed to go well but ultimately ended. The few people that I interacted with during the process were professional and helpful. My feeling is that I didn't do a convincing job of answering questions during the interview and that I lacked the sales and financial experience that they look for.

    Interview Questions
    • What are some examples of your experience as a leader?   Answer Question
    No Offer
    Positive Experience
    Average Interview
  2. 2 people found this helpful  

    PMD Financial Adviser Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Interview Details

    Very intensive interview and what's most important to success is you already have a book to bring in. Otherwise, they won't consider you as a good fit. It's a good chat with the managing director, considering they are super busy with their clients.

    Interview Questions
    • what people you know that can be your potential clients?   Answer Question
    No Offer
  3.  

    PMD Financial Adviser Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Interview Details

    They start with a call then go into another phone interview in which they will ask you to pretty much write everything you say and email it back to them. Then you have a face to face

    Interview Questions
    • They want you to be able to generate 10 million AUM in your first year, no pressure right?   Answer Question
    Reasons for Declining

    I did not want to work under a 10 million AUM or be fired stress conditions

    Declined Offer
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  5.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied through a recruiter. The process took 2+ monthsinterviewed at Merrill Lynch.

    Interview Details

    took around 2 months, but I wasn't in a rush, took a practice fiat exam and had to pass a background check before actually being able to move past the first round. Currently awaiting the second round.

    Interview Questions
    No Offer
    Positive Experience
    Average Interview
  6.  

    PMD Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Interview Details

    Got referred from an employee from a different department. Initially I was given a standard test followed by a phone interview shortly after submitting application. Then I was told a Client Associate would be a better fit for me. The second step was a in person interview two weeks later with several financial advisors. Overall it was not stressful.

    Interview Questions
    • What was your favorite class, what was your least favorite. Typical behavioral questions- Why Merrill? Why Finance? Where do you see yourself in five years? Talk about Adversity?   Answer Question
    No Offer
  7.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate in Tampa, FL
    Anonymous Interview Candidate in Tampa, FL
    Application Details

    I applied through a recruiter. The process took 4+ weeksinterviewed at Merrill Lynch in May 2014.

    Interview Details

    Still in the interview process, its a five step process from taking a quiz to talking to the managers. They are very detailed and they are.looking for sales experience most especially and the ability to bring in high net worth clients, make sure you have that ability, they give you ample time to study and prepare for the licensing exams.

    Interview Questions
    No Offer
    Positive Experience
    Average Interview
  8.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied online. The process took 2+ monthsinterviewed at Merrill Lynch.

    Interview Details

    Applied online. Required FIAT examination to assess how you may score on your Series 7 & 63. Passed, took about a week for the recruiter to set up phone interview.

    Interview Questions
    No Offer
  9.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Interview Details

    I passed the phone screen with flying colors and am STILL waiting for the office to call me in for an interview. It's been 7 weeks. They're allegedly "working through a backlog".

    Interview Questions
    No Offer
  10. 4 people found this helpful  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied through other source. The process took 5 daysinterviewed at Merrill Lynch.

    Interview Details

    I had one interview, it was fairly casual and included questions about my business prospecting skills, employment and network. it was clear they were trying to determine whether I had a large number of prospects or whether I knew those who had money.

    Accepted Offer
    Neutral Experience
    Average Interview
  11.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Interview Details

    Sent my resume to a friend who works at the company. Received an e-mail from the recruiter for the position and two other e-mails containing the FIAT test and personality assessment. Passed both tests and currently have a scheduled phone interview scheduled.

    Interview Questions
    No Offer

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