Merrill Lynch

  www.baml.com
  www.baml.com
There are newer employer reviews for Merrill Lynch

 

An excellent experience that opened me up to the wealth management industry!

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Wealth Management Intern in Pittsburgh, PA
Former Employee - Wealth Management Intern in Pittsburgh, PA

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

Pros

Great exposure to senior financial advisors and management. Worked one-on-one with wealth management group financial advisors and client associates. Management offered sound advice and were wide open to formal and informal conversations throughout the office. The culture cultivated a pristine and honorable environment that I enjoyed working in throughout the two year internship.

Cons

As one of a few interns throughout the office, there were not many people my own age.

Advice to ManagementAdvice

Have more structured branch activities involving interns to "ease" up on the conservative financial services culture that can be seen from out viewpoint.

Recommends
Positive Outlook
Approves of CEO

1235 Other Employee Reviews for Merrill Lynch (View Most Recent)

Sort: Rating Date
  1.  

    Great company to start out with as an FA

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

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

    Pros

    Good starting salary plus benefits and possoble bonuses, flexible work schedule, endless growth potential, possibility to make a lot of money

    Cons

    Very difficult goals and a lot of competition

    Recommends
    Positive Outlook
    Approves of CEO
  2. 4 people found this helpful  

    Terrible PMD program

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

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

    Pros

    They paid for my Series 7 and 66, decent salary while you are studying, great coworkers, not much outside of that

    Cons

    Unless you love cold calling out of a phone book, this is not the job for you. You are expected to bring in $30 Million in assets in 3 years, with basically no help at all. I suppose if you have a lot of rich friends and family who trust you, you could do alright.

     As a recent college graduate, I had basically no chance. They just hire a bunch of PMDs, have them bring in a few clients, and then fire them. Its all a part of their business model. Unless you can get on a team, your chances of success are about 1%.

    "Training" consists of nothing more than watching outdated video from the 90's. Absolutely terrible.

    Out of the 7 guys who started at the same time as me, I think there is only 1 still working there, and he is very close to getting the ax. Most PMDs are actively interviewing at other places during their employment with ML.

    Advice to ManagementAdvice

    Lower sales goals. Put more people on teams.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
There are newer employer reviews for Merrill Lynch

Work at Merrill Lynch? Share Your Experiences

Merrill Lynch

 
Click to Rate
or

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