Merrill Lynch PMD Interview Questions

Updated Jul 21, 2015
10 Interview Reviews

Interview Experience

Interview Experience

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PMD Interview

Anonymous Interview Candidate
No Offer

Interview

Preliminary phone interview: questions regarding sales experience.

Interview Questions

Other Interview Reviews for Merrill Lynch

  1.  

    PMD Interview

    Anonymous Interview Candidate in McLean, VA
    No Offer
    Negative Experience
    Easy Interview

    Application

    I applied online. The process took 6 weeks. I interviewed at Merrill Lynch (McLean, VA) in May 2012.

    Interview

    It was not a good experience interviewing with Merrill Lynch. Their hiring process is a mass. I had so many interviews, tests, and a business plan. It took me almost two month to hear a "NO". It is frustrating. They even did a background check on me. At that point I believed I would be hired. I prepared my business plan very well. First1 on 1 interviewer (director) didn't even spend a minute looking at my business plan. In the second interview, the PMD coach didn't even ask for it (he didn't even have my resume with him). It was a waste of my time and effort applying there. Now, I think I am happy I didn't work in that mass. I was looking into start a career, for sure not working with those kind of people. I don't know about other branches, but this Tyson's corner branch PMD coach and Director does not seem to hire quality people. I guess you just need to have a strong connection in the company or know many millionaires who would let you manage their money and already well trained even though it is a trainee position. I think I was more knowledgeable and have higher education than that PMD coach who was interviewing me.

    Interview Questions

    • What Target Markets would you pursue in building your practice?   Answer Question
    • What activity levels do you feel would be necessary to achieve success in your practice?   Answer Question
  2. Helpful (2)  

    PMD Interview

    Anonymous Employee in New York, NY
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied through a recruiter. The process took 4+ weeks. I interviewed at Merrill Lynch (New York, NY) in January 2012.

    Interview

    long

    Interview Questions

  3. Helpful (4)  

    PMD Interview

    Anonymous Employee in Nashville, TN
    Accepted Offer
    Neutral Experience
    Average Interview

    Application

    I applied online. The process took 4+ weeks. I interviewed at Merrill Lynch (Nashville, TN) in June 2011.

    Interview

    HR phone screen. Then an application and an HR phone interview. Then a face to face interview with the branch manager. Financial basics test and personality test. Then an additional face to face interview with the branch manager. A few discussions with Senior Financial Advisors and then and offer.

    Interview Questions

    • Who do you know that has $250,000 or more that would consider investing with you today?   Answer Question

    Negotiation

    Not much room in negotiations. After joining I learned the max for the PMD position is $75,000

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  5.  

    PMD Interview

    Anonymous Employee in Hartford, CT
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    The process took 4+ weeks. I interviewed at Merrill Lynch (Hartford, CT) in June 2011.

    Interview

    online Assessment,2 phonee interviews with recruiters and 2 face to face with BOM

    Interview Questions

    • How are u going to raise the assets needed to succeed?   Answer Question
  6.  

    PMD Interview

    Anonymous Employee
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied in-person. The process took 2 weeks. I interviewed at Merrill Lynch in April 2011.

    Interview

    2 interviews--not particularly difficult. Took test prior to interview.

    Interview Questions

    Negotiation

    negotiate for the limit--up to $50,000 or $70,000--do not accept less, because achieving the higher results is very difficult

  7.  

    PMD Interview

    Anonymous Employee in Sarasota, FL
    Accepted Offer
    Negative Experience
    Easy Interview

    Application

    I applied through college or university. The process took 2+ weeks. I interviewed at Merrill Lynch (Sarasota, FL) in January 2011.

    Interview

    Brought in asked to prepare a list of people that I would be able to solicit for business. Asked to pick my own salary which changed requirements at the end of each year.

    Interview Questions

    • Do I have a business plan to grow my assets under management   1 Answer
  8.  

    PMD Interview

    Anonymous Employee in Portland, ME
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    The process took 1+ week. I interviewed at Merrill Lynch (Portland, ME) in August 2009.

    Interview

    Was called and spoke with the branch manager. Scheduled a face to face that included some tests. Then met the complex director and received an offer.

    Interview Questions

    Negotiation

    NO

  9.  

    PMD Interview

    Anonymous Employee
    Accepted Offer

    Interview

    Straight forward, discussed business plan and how to obtain clients

    Interview Questions

  10. Helpful (1)  

    PMD Interview

    Anonymous Employee
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 5+ weeks. I interviewed at Merrill Lynch in September 2012.

    Interview

    There was a phone screening, then you take the FIAT exam online, pretty easy it's supposed to take around 2-3 hours, it took me about an hour and 15 minutes. The exam asks mostly general math problems, a few TVM and a few economics questions. After passing the FIAT, I had a phone interview with a recruiter. I was then asked to come into the office and interview with a Financial Advisor, who told me more about the process and asked me general interview questions. After that interview, the Financial Advisor I met with asked me to speak with another Financial Advisor who worked on a team. It was a great opportunity to see the difference between working on a team or having your own practice and helped me in forming my own strategy. I was then asked to prepare a business plan. Once I submitted my business plan, I was called in for a final in person interview with the complex director. The entire process from my online resume submission to hiring took just over 1 month.

    Interview Questions

    • Questions were pretty standard for a financial services interview.   Answer Question

    Negotiation

    no negotiation, this particular program doesn't really have room for negotiation. Also, your goals are dependant on your salary, so for those PMDs that wanted to begin with a higher salary, they have higher goals that they must reach to continue the program.

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