Merrill Lynch Reviews

Updated August 1, 2015
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  1. Helpful (1)

    Good job out of college

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

    I have been working at Merrill Lynch full-time (More than 3 years)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Easy way to learn a lot about finance in a short period of time. They will sponsor you for Series 7 and 66 for free.

    Cons

    Experience will vary widely depending on advisor(s) you work for. Dead end job if you want to move towards analytics or portfolio management. Most CAs are lifetime administrators with little mobility. Bank of America really changed the direction of the company.

    Advice to Management

    Hire more support staff. Most CAs are way overworked and dont seem to enjoy their job very much


  2. VP

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    The technology organization in Merrill Lynch is very innovative and fast moving. They do reward doers very well both in terms of money and promotions.

    Cons

    This is a highly competitive and cut throat environment and you really have to be at your best at all times to survive. So if you are looking for a relaxed pace of work, this may not be the place for you.

    Advice to Management

    It will be good if you can start providing an environment that can accommodate people who do a very good job but are not as ambitious and driven as some of the others. This way you will get a good balanced team.


  3. Wealth management

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

    I worked at Merrill Lynch as an intern

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    -> Friendly working environment -> Good working hours -> Steep learning curve for interns -> Good organizational culture -> Brand name in finance -> Flexible hours

    Cons

    -> Extremely strict operational control procedures -> Low pay -> Company seems fragmented across offices -> Interns are invisible to the office -> EXTREMELY client focused

    Advice to Management

    In order to make the environment more attractive to younger generations, the work places should be more active, vibrant, and challenging


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  5. Big Company huge opportunities for advancement.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch part-time (More than a year)

    Pros

    I had a great group of coworkers, and the services available to clients were wonderful. Most of the back office employees were very helpful and efficient.

    Cons

    Computer systems were very cumbersome and some of the processes seemed outdated and inefficient. I was amazed that such a large firm would not have a better electronic filing system.

    Advice to Management

    I was in a small office so we did not see Management much would have been nice if we had a regular management presence.


  6. Associate

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

    I worked at Merrill Lynch

    Pros

    Good introduction to the world of finance. I learned a lot about finance. Good place to see if it is what you ant to pursue further.

    Cons

    Too big of a company for me. I felt like I was just number. There was not a great del of personal attention.

    Advice to Management

    They could provide more individual attention and more learning opportunities. Better individual mentoring program would be a plus and help one to feel the can and do make a difference.


  7. 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


  8. Financial Analyst (Tax Reporting Services)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    None


  9. Great company to work for!

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

    I have been working at Merrill Lynch

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Longevity at it's absolute best

    Cons

    Minimum pay tied to a scale.

    Advice to Management

    Management needs to pay more attention to retaining employees.


  10. 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 Management

    give your new hires an office, not a cube


  11. Financial Advisor

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

    I worked at Merrill Lynch

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    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 Management

    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.



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