Merrill Lynch Reviews

Updated March 24, 2015
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3.0
382 Reviews
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
381 Ratings

382 Employee Reviews

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  1. Wealth Management Intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    -Advisers around office were very friendly and willing to help
    -Lots of opportunities to make connections

    Cons

    -Little time was spent getting to know about the Merrill Lynch Philosophy and Business model

  2. Financial Analyst (Tax Reporting Services)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Financial Analyst in Pennington, NJ
    Current Contractor - Financial Analyst in Pennington, NJ

    I have been working at Merrill Lynch as a contractor (less than a year)

    Pros

    Great place to work and very laid back work environment overall.

    Cons

    Tax season can be hectic and ability to work long hours required.

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    Approves of CEO
  3. Great company to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch

    Pros

    Longevity at it's absolute best

    Cons

    Minimum pay tied to a scale.

    Advice to ManagementAdvice

    Management needs to pay more attention to retaining employees.

    Recommends
    Neutral Outlook
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  5. Financial Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    great company, great benefits, pay is accordingly, work for yourself, build and empire, make your worth. great backing from the company.

    Cons

    training tends not to be enough for new brokers to succeed, better off coming aboard as a previous advisor from another company.

    Advice to ManagementAdvice

    focus on the future advisors that will be needing more individual help to succeed and help grow the company, saw lots of new advisors not make it.

    Recommends
    Positive Outlook
  6. nice place to work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch full-time (more than a year)

    Pros

    high end firm with nice name recognition

    Cons

    high end goals r hard to hit

    Advice to ManagementAdvice

    give your new hires an office, not a cube

  7. 1 person found this helpful

    PMD Life

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - PMD Financial Advisor in San Jose, CA
    Current Employee - PMD Financial Advisor in San Jose, CA

    I have been working at Merrill Lynch full-time (more than a year)

    Pros

    World Class training program if you have the right mentor and/or PMD Coordinator. If you belong to an office that is lacking in those two critical positions, your career could suffer. Benefits are typical. For the most part it is an open architecture in how you approach building our business, unless your on a team. As a sole practitioner, I chose my niche markets, my sales approach, and script.

    Cons

    You can succeed. Don't be fooled by pessimistic people, they are all throughout the organization, especially other PMD's. If you go it alone, which is the toughest approach, it won't be handed to you, every success you will have to earn. Whether its cold calling, networking, and seminars. If you Team up through the BFA, or TFA positions, your beholden to supporting others at their discretion, you will work the hours the team requires of you. Also, teaming up requires a contract, or at least a plan for dissolving the team, plan for it and ask for it in writing, I've hear too many horror stories of PMD's being robbed by senior brokers.

    Advice to ManagementAdvice

    Although the role playing sucks for PMD's, its well worth the invested time. Those planned scripts really help when your in front of those first few clients you get. Non-producing Resident Directors/ Branch Managers would be a better approach to supporting advisers. If an RD has his own book to grow, why would he really care to help others.

    Recommends
    Positive Outlook
    No opinion of CEO
  8. job entailed mostly cold calling

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Private Wealth Management in San Francisco, CA
    Current Employee - Private Wealth Management in San Francisco, CA

    I have been working at Merrill Lynch

    Pros

    managers were mostly very nice

    Cons

    if you wanted to learn more you were on your own

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. In a transition phase, they're all over the place really.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch

    Pros

    good training and resources for you to succeed

    Cons

    disorganization and lack of transparency or communication

    Advice to ManagementAdvice

    be clearer about your goals and objectives but don't keep altering them

    Recommends
    Positive Outlook
    No opinion of CEO
  10. Great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch

    Pros

    Superb culture, great learning, growth, good curve

    Cons

    Integration, too many regulators and regulatory scrutiny

    Advice to ManagementAdvice

    Keep it rolling

    Recommends
    Positive Outlook
  11. great company... stuck under lot of not so great people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch

    Pros

    Good benefits, flexiblility, policies and location

    Cons

    Hierarchy.. lot of reporting hierarchy and politics

    Advice to ManagementAdvice

    follow the industry trend and flatten the company

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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