Merrill Lynch

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

1 person found this helpful  

Financial Advisor

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

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

Pros

Excellent investment company offering broad range of investment services. The training program at Merrill Lynch is excellent for new advisors studying for their licensing to become a broker. Merrill offers investment products as good or better than anyone in the financial services industry.

Cons

The investment market is very challenging and it takes quite some time build a large book of business cacapable of generating substantial income.

Advice to ManagementAdvice

I would suggest additional support for new advisors in setting up speaker programs for potential clients. It is a great tool that is underutilized by new advisors.

Recommends
Positive Outlook
Approves of CEO

1216 Other Employee Reviews for Merrill Lynch (View Most Recent)

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  1.  

    Great company and great perks

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch

    Pros

    Great people, great company, great perks.

    Cons

    Massive oversight and compliance due to perceptions following 2008

  2.  

    Solid internship experience (private wealth management)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Merrill Lynch Wealth Management Program Intern in Beverly Hills, CA
    Former Employee - Merrill Lynch Wealth Management Program Intern in Beverly Hills, CA

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

    Pros

    - *Very* dependent on the wealth management adviser you work under and how much responsibility he/she is interested in giving you, as it is a very personal/non-standardized structure with much flexibility
    - For me, this was a pro as I was given a solid amount of responsibility doing equity research for investment opportunities and learning the Bloomberg Terminal (very valuable as a rising sophomore), but YMMV
    - Very flexible hours with only 20 hours per week/3 days per week, but again YMMV based on your manager
    - Although minimum wage, still make money

    Cons

    - Still a not insignificant amount of grunt work, specifically filing and updating binders and Excel spreadsheets
    - Only paid minimum wage
    - Work was often sporadic and somewhat random, but YMMV as always
    - Didn't get to sit in on very many client/firm meetings

    Recommends
    Positive Outlook
    No opinion of CEO
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