Merrill Lynch Reviews

Updated October 23, 2014
Updated October 23, 2014
1,198 Reviews
3.6
1,198 Reviews
Rating Trends

Recommend to a friend
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
333 Ratings

Review Highlights

Pros
  • Decent work/life balance(based on your work area) Good (not great) benefits (in 49 reviews)

  • Learned a lot about wealth management, especially through the online courses (in 42 reviews)


Cons
  • The work-life balance is definitely a con (in 23 reviews)

  • You are expected to work long hours with no overtime pay or additional compensation (in 37 reviews)

More Highlights

352 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Merrill Lynch has some smart people...some not so smart people in it's Technology Division in Hopewell, NJ.

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

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

    Pros

    Smart/experienced people (for the most part)
    good work/life balance
    good pay (but lower than industry standards)

    Cons

    poor benefits (in terms of employer contributions)
    chance for growth as an IT professional in Financial Services
    boring and mundane work(honestly)

    Advice to ManagementAdvice

    Change is slow here, as it is at most big banks, put an emphasis on moving people up with actual talent/brains instead of people who belong to the "club" as I would put it (and anyone outside of the club will know what I'm talking out).

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Client Associate Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Associate in Los Angeles, CA
    Former Employee - Client Associate in Los Angeles, CA

    I worked at Merrill Lynch part-time (more than 3 years)

    Pros

    Lot of prestige with the firm, all of the employees are type-A and it is a thriving, competitive working environment.

    Cons

    Top-level management and leadership did not seem to have a good grasp on new firm-wide changes implemented by BofA. Many employees are worked to the end and spit out afterwards.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Before and after.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Merrill Lynch full-time (more than 10 years)

    Pros

    The cream of the crop.

    Cons

    The cream always seems to fertilize the rest of the street.

    Advice to ManagementAdvice

    Think long term greedy!

    Recommends
    Positive Outlook
    Disapproves of CEO
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  5.  

    Overall positive. Ultimately I decided to leave for another company.

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

    I worked at Merrill Lynch full-time (more than an year)

    Pros

    learn about the business, how it works and what is expected of you. Your Licenses, they are numerous and they go with you.

    Cons

    old fashioned culture. Good old boy network. Feels more like they're waiting for people to go so they can split their accounts up.

    Advice to ManagementAdvice

    change it.

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Vice President

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Hopewell, NJ
    Former Employee - Vice President in Hopewell, NJ

    I worked at Merrill Lynch full-time (more than 8 years)

    Pros

    Good pay; easy to hide under the radar; a booming industry; they have money to burn

    Cons

    You often work for idiots; people at the top can make dumb decisions and everyone else must scramble to make it happen. There are smart people there, but they are few and far between. If you find a department with intelligent people, STAY THERE. Bad work life balance. It's all about face time in the office. Hard to break into the old boy network, which runs deep.

    Advice to ManagementAdvice

    Trim the fat. Reward those who deserve it.

    Doesn't Recommend
    Positive Outlook
  7.  

    Fun

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    Good compensation and good culture

    Cons

    Hard Work and long hours

  8.  

    PMD Training program

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

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

    Pros

    Its what you make of it.

    Cons

    Cold calling day in day out. 80-90% failure rate for program.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    Wealth Management Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Management in Miami, FL
    Current Employee - Wealth Management in Miami, FL

    I have been working at Merrill Lynch as an intern (less than an year)

    Pros

    If you like the Financial Markets Industry, it is a great place to start acquiring experience. The company sponsors your licenses and textbooks. Every week they host a "lunch and learn", other companies come to offer their financial products and you get a chance to watch and learn from their presentation.

    Cons

    Sometimes there could be too much workload. It all depends on the Financial advisor you are working with and the type of clients he/she has.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Laid Back Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant in Jersey City, NJ
    Former Employee - Consultant in Jersey City, NJ

    I worked at Merrill Lynch as a contractor (more than 3 years)

    Pros

    Nice and Easy going people in Jersey city office. Some quality work being done there. So depends on the team you are in.

    Cons

    Too laid back. People working from home a lot of times. Not a lot of front office development happens in this office.

    Advice to ManagementAdvice

    They need to inject more pride and quality in work being produced. Even if not front office development, higher standards and expectations can help people grow. Need to invest in quality trainings.

    Recommends
    Positive Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Client Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Merrill Lynch full-time

    Pros

    Good Schedule. You learn something everyday.

    Cons

    It all depends on the Financial Advisor you support. Some are extremely difficult to work with.

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