Merrill Lynch Finance Trainee Interview Questions

Updated Apr 3, 2015
Updated Apr 3, 2015
50 Interview Reviews

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  1.  

    Financial Advisor Trainee Interview

    Accepted Offer
    Positive Experience
    Easy Interview
    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied through other source – interviewed at Merrill Lynch (Houston, TX) in March 2015.

    Interview

    Contacted by HR recruiter for a phone interview. After phone interview, I was sent paperwork, basically U-4 type questions, and asked to fill it out and return it. The next step will be for them to set me up with an interview with the branch or team that is looking to hire.

    Interview Questions

  2.  

    Financial Planning Advisor Trainee Program Interview

    No Offer
    Negative Experience
    Average Interview
    No Offer
    Negative Experience
    Average Interview

    Application

    I applied through college or university – interviewed at Merrill Lynch in January 2015.

    Interview

    I applied via a University career website and I received an email to take an exam. I was frustrated because they didn't conduct a phone interview, and unlike personality tests, this was a 2 hour exam and they went into this huge rant about not cheating and how you can use a calculator etc. I should also mention that I have my Masters and a few years experience in Financial Planning, so I'm not about to take an exam for a Trainee position, especially without a phone interview to discuss whether or not I really want the position. I left the exam in my inbox to expire.

    Interview Questions

    • There were no questions because they didn't start with a phone interview and I decided not to take the exam.   Answer Question
  3. Helpful (12)  

    Financial Advisor Trainee Interview

    No Offer
    Positive Experience
    Average Interview
    No Offer
    Positive Experience
    Average Interview

    Application

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

    Interview

    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
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  5.  

    PMD Financial Adviser Trainee Interview

    Accepted Offer
    Accepted Offer

    Interview

    It starts with online financial aptitude test followed by interviews with senior advisors and branch manager. It includes discovery meetings where you will have a chance to understand what it is like to work for Merrill as a financial advisor.

    Interview Questions

    • There weren't really difficult or unexpected questions. The questions centered around on why you would want to become a financial advisor, probably because I was coming from a different industry.   Answer Question
  6. Helpful (3)  

    Interview

    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
  7.  

    PMD Financial Adviser Trainee Interview

    Declined Offer
    Declined Offer

    Interview

    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

  8.  

    Financial Advisor Trainee Interview

    No Offer
    Positive Experience
    Average Interview
    No Offer
    Positive Experience
    Average Interview

    Application

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

    Interview

    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

  9.  

    Interview

    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
  10.  

    PMD Financial Adviser Trainee Interview

    Declined Offer
    Neutral Experience
    Average Interview
    Declined Offer
    Neutral Experience
    Average Interview

    Application

    I applied through an employee referral. The process took 6+ weeksinterviewed at Merrill Lynch in June 2014.

    Interview

    Took about 2 months. Several phone conversations and interviews after getting recommended by a current advisor. Met with asset management team. Left the building didn't turn back.

    Bottom-line, it's exactly like you've read. There's a lot of risk involved with their training program. I've heard dozens of horror stories and few success stories. e.g. even if you work hard, the odds are stacked against you unless someone favors you to meet their quote, whatever that looks like....

    Cheers

    Interview Questions

  11. Helpful (2)  

    Financial Advisor Trainee Interview

    No Offer
    Positive Experience
    Average Interview
    No Offer
    Positive Experience
    Average Interview

    Application

    I applied through a recruiter. The process took 4+ weeksinterviewed at Merrill Lynch (Tampa, FL) in May 2014.

    Interview

    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

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