Merrill Lynch
3.5 of 5 1,099 reviews
www.baml.com Charlotte, NY 5000+ Employees

Merrill Lynch Reviews

Updated Jun 28, 2014
All Employees Current Employees Only

3.5 1,099 reviews

                             

73% Approve of the CEO

Merrill Lynch President & CEO of Bank of America Brian T. Moynihan

Brian T. Moynihan

(287 ratings)

70% of employees recommend this company to a friend
332 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           

     

    Experience working at Merrill Lynch has been rewarding.

    Registered Private Wealth Associate (Former Employee)
    Newport Beach, CA

    ProsWorking alongside other Registered Associates has been very rewarding, bouncing best practice ideas back and forth, and just working together in general. Associates are very professional and are always willing to assist.

    ConsSome of the advisors may be difficult to work with but management takes the frustration away most of the times. One needs to build a tough skin to deal with some of the advisor personalities.

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Merrill Lynch Intern

    Anonymous Employee (Current Employee)

    Prosgreat place to start a career in finance

    ConsCan be a challenge if just out of college.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review

     

    Looking forward to interview

    Anonymous Employee (Current Employee)

    ProsWent through staffing agency took tests.

    ConsLooking for more information on job description and working environment.

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
  • We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Merrill Lynch - Traditional Wire house

    Financial Advisor (Former Employee)
    New York, NY

    ProsPros: Brand recognition, nice offices, a good amount of marketing provided. If you can get in, it makes it easier for you to go to another firm once they see Merrill Lynch on your resume. This also goes for Chase, Wells Fargo, and Morgan Stan.

    ConsCons: Same exact products, services, and business models as every other large wire house. You start off, get licensed, get a cubicle, and then the hurdles come at you. From my personal experience there were quite a bit of politics and employees were treated differently across the board with goals and exceptions. 1/10 Advisors makes it past the first year, 1/10 2nd, and less the 1/10 the 3rd. Clients may receive more attention at a smaller firm.

    Advice to Senior ManagementPlease try to redefine the new advisor model. With the aging advisor base within your organization you are going to have a HUGE client attrition rate in the next decade.

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

    1 person found this helpful  

    Harder than ever to "stick to the wall" as a rookie financial advisor if you weren't a rich kid ...

    Financial Advisor (Former Employee)

    ProsMerrill was not my first brokerage firm position, but some of the Pros I would list include (1) good name recognition, (2) great training, (3) great technology, and ... if you can survive the first 3 years and put in the time ... (4) unlimited upside on what you can earn from fees and commissions after your training salary ends, depending on how much time you put in. Overall, if you are passionate about being a financial advisor, Merrill is good place to start ... but IF you survive ... I'd develop personal relationships with your clients, and eventually move on to a smaller firm for better payout % ... less red tape ... and micro-management.

    ConsCons for Merrill Lynch are similar to cons of most major wirehouse/brokerage firms, even though most of the big ones are now owned by banks, because they have largely retained their old culture and business practices. Cons of the big wirehouse firms are (1) high failure rate for rookie financial advisors, (2) long hours the first 3-4 years you are getting established, (3) not a great place if you prefer a steady paycheck because market crashes (caused by your OWN firm) can cut your pay 50% or more, and (4) massive red tape and "big brother" culture due to crushing number of rules & regulations that make doing business difficult for "good apples" and are often skirted by "bad apples" whom the rules are designed to protect clients from. Its hard to leave Merrill, they aggressively solicit your former clients not to follow you to a new firm, they consider every client you recruit the "property" of Merrill Lynch ... even your own family.

    Advice to Senior ManagementEveryone in management person at corporate HQ level should come out of the Ivory Tower and visit a few Merrill branches every year, have an open "town hall meeting" Q & A and allow FA's to ask any question, and have a few 1 on 1 private meetings with a cross section of FAs in the office. Some of you used to be brokers and branch bank managers, you forget how much harder all the red tape and regulations have made life for the front line advisors ... who must survive by eating what they kill ... i.e., recruiting their own clients.

    Also, stop sticking rookies in a cubicle with a phone book and saying "go get em Tiger". New FAs should be recruited in teams ... where they have mentors to learn from instead of reinventing the wheel, and washing out and seeing their books divided up by their former colleagues.

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    It was alright, I guess.

    New Account Specialist (Former Employee)
    New York, NY

    ProsGood tapas bar. Petting zoo seemed a little odd, but who am I to judge. Not enough Christian values for my tastes.

    ConsPromotions based on gladiatorial combat. In-office arena could stand to be remodeled. Hard to attract top-flight talent with outdated facilities

    Advice to Senior ManagementMove karaoke hour back to 2pm to give everyone time to digest lunch. Hard to belt out Total Eclipse of the Heart with the suitable level of emotion the song deserves in between belching.

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review

     

    alright

    Anonymous Employee (Current Employee)

    Prosgood if you are in team

    Conshard to sell and get new client

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Exactly what you'd expect from a wirehouse

    Financial Advisor (Former Employee)
    Oklahoma City, OK

    ProsThe company has good name recognition. You never have to explain who they are. Good research available. I'd like to say more, but that's about it.

    ConsVery little support. Sales Assistants (ie secretaries) rule the office. They can work or not and they know it. Asking them to send correspondence to a client is like asking them to give away their first-born.

    Advice to Senior ManagementStop pushing the product of the week. Too many scattered programs.

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    It is not easy to go through the PMD program.

    Anonymous Employee (Current Employee)

    ProsYou have three years to build your business as long as you stay on track.

    ConsThe hurdle is hard to meet.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Disapproves of CEO

     

    great company

    Anonymous Employee (Former Employee)

    Prosgreat managment, fun working environment

    Consits corperate...thats all i have to say

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
RSS Feed Embed

Worked for Merrill Lynch? Contribute to the Community!

Merrill Lynch – Why Work for Us?

Merrill Lynch – A Global Leader Merrill Lynch is one of the world’s premier providers of wealth management, securities trading and sales, corporate finance and investment banking services. Working with our clients as… Full Overview

Provided by employer [?]

Your response will be removed from the review – this cannot be undone.

Glassdoor is your free inside look at Merrill Lynch reviews and ratings — including employee satisfaction and approval rating for Merrill Lynch CEO Brian T. Moynihan . All 332 reviews posted anonymously by Merrill Lynch employees.