Merrill Lynch

  www.baml.com
  www.baml.com

Merrill Lynch Reviews

Updated December 4, 2014
Updated December 4, 2014
1,237 Reviews
3.6
1,237 Reviews
Rating Trends

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

Review Highlights

Pros
  • Decent work/life balance(based on your work area) Good (not great) benefits (in 50 reviews)

  • Learned a lot about wealth management, especially through the online courses (in 43 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

363 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Better have rich friends

    • 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 full-time

    Pros

    Training you run your own practice.

    Cons

    Senior fa's don't care about the new talent coming in.

    Advice to ManagementAdvice

    Work on teaming old advisors with new fa's at the firm.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2. 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.

  3. 1 person found this helpful  

    Good place to work

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

    I worked at Merrill Lynch full-time (more than 5 years)

    Pros

    Good benefits, office culture is good, decent compensation but good work/life balance. ability to interface several domestic internal and overseas teams. Also work with outside brokers. Great ability to network

    Cons

    very uncertain due to all the layoffs. The overfocus on risk prevents the company from educating and encouraging their seasoned employees to do very well. Always seeking ways to cut costs through the use of workforce reductions then rehiring inexperienced workers at a lower salary.

    Recommends
    Negative Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    Good Experience

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

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

    Pros

    Great place to get experience in I-banking and customer resolution, but lost alot of its soul with the BofA Acquisition.

    Cons

    Low pay, low bonuses, lots of issues, chronically understaffed and generally lacking direction after its acquisition by Bof A. Used to be a great place to work, but glad I got laid off to be honest. Everyone I know who still works there hates it with a passion.

  6. 1 person found this helpful  

    Was better before the merger

    • 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 5 years)

    Pros

    Jobs are not hard
    The pay is competitive.
    Benefit package is ok

    Cons

    Taking career risks and moving to new departments will lead to being downsized.
    Horrible at requirements tracking
    Technology is definitely NOT quality driven, even though upper management likes to tout that it is
    Management plays politics and corporate bullies are defended

    Advice to ManagementAdvice

    Pay attention to the surveys, the employees are not happy. Technology is full of corporate bullies that lead out of fear.

    Recommends
    Negative Outlook
    Approves of CEO
  7.  

    meh

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Advisor in Stamford, CT
    Former Employee - Advisor in Stamford, CT

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

    Pros

    a full array of products

    Cons

    unless on team, its a tough go

    Advice to ManagementAdvice

    put new hires on teams

    Recommends
    Neutral Outlook
    Disapproves of CEO
  8.  

    office politics rule

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investor Services Advisor in Hopewell, NY
    Former Employee - Investor Services Advisor in Hopewell, NY

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

    Pros

    great training and high pay

    Cons

    long hours little support and glass celling

    Doesn't Recommend
    Negative Outlook
  9.  

    Make sure you have a book of business or have a team that will give you accounts

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

    I have been working at Merrill Lynch full-time (more than 5 years)

    Pros

    Great brand.....For the most part management leaves you alone if your performing.

    Cons

    Unless you have a huge book you wont make any money.

    Recommends
    Negative Outlook
    Approves of CEO
  10.  

    Private wealth intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - PRIVATE WEALTH INTERN in Kansas City, MO
    Former Employee - PRIVATE WEALTH INTERN in Kansas City, MO

    I worked at Merrill Lynch as an intern (less than an year)

    Pros

    Good learning exp for someone still in school and is looking to explore financial services industry

    Cons

    no pay for this particular internship. Even transportation wasnt reimbursed

    Advice to ManagementAdvice

    Be more generous to your interns!

    Recommends
  11. 1 person found this helpful  

    The best training and atmosphere to prepare for taking your series tests.

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

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

    Pros

    Training, Introduction into the industry, FA mentors

    Cons

    Tiers are not easy to hit. Success at ML requires personal high net worth connections, previous bank transaction lead connections. Must be able to find many leads with a net worth greater than 250K ML will give you trouble approving accounts for less than 100K. Your hard earned leads will be pushed to Merrill Edge.

    Advice to ManagementAdvice

    More oversight after the series tests have been passed on helping PMDs get legitimate leads.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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