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There are newer employer reviews for Merrill Lynch

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Helpful (1)

good place to work

  • Career Opportunities
  • Comp & Benefits
Current Employee - Financial Advisor Trainee
Current Employee - Financial Advisor Trainee

I have been working at Merrill Lynch full-time (More than a year)

Pros

Merrill is a professional friendly work environment

Cons

base salary is low and lots of pressure to meet hurdles

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  1. Helpful (2)

    Merrill Lynch is one of the best companies in the world.

    Former Employee - PMD Financial Advisor in Austin, TX
    Former Employee - PMD Financial Advisor in Austin, TX

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

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

    Pros

    I think we have the best platform for financial advice and there are big strides being made now with new technology, including handheld devices to further engage clients.

    Cons

    For new people starting out in the business it can be challenging to bring in new business with little experience, management could do a better job linking newer advisers to more senior advisers.

    Advice to Management

    Help people better understand the opportunity and give more than one suggestion to get in the business rather than just PMD. Give the people interviewing for PMD the statistics of PMD success and other way to grow in the business before entering the sink or swim PMD program. Perhaps letting a PMD applicant become a Client Associate for a few years might be a better way to help them transition on ML-or recommend going to work in a bank role for a few years would help them succeed long term.


  2. Great Experience and Opportunity

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Marketing Intern in Brea, CA
    Current Intern - Marketing Intern in Brea, CA

    I have been working at Merrill Lynch as an intern (Less than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great environment to work in. Flexible, but very results oriented.

    Cons

    High turnover/dropout for entry level. Extremely high-pressure first 3 years. 90% drop/fail. You don't know who will be dropped or quit next. Although, if you are working HARD - snapping necks and cashing checks- the opportunity is incredible.

    Advice to Management

    Give interns a run for their money, but also a rich experience. Cold calling should be apart of a greater and more fulfilling purpose.


There are newer employer reviews for Merrill Lynch
There are newer employer reviews for Merrill Lynch

See Most Recent

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