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Wealth Mnangement division

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Financial Advisor  in  New York, NY
Current Employee - Financial Advisor in New York, NY

I have been working at Merrill Lynch

Pros

Quality name recognition, opportunity for growth, and competitive salary. The training programs at Merrill Lynch are really second to none. In wealth management alone they supposedly spend $300,000 a year training new financial advisors. If you work in a smaller branch office you tend to deal with more "family " problems as opposed to political issues in larger offices.

Cons

In wealth management divison it is very cutthroat, everyone is out for themselves and u dont feel like a real organization or team.

Advice to ManagementAdvice

Pay attention to the up and coming producers, not just the established senior guys who have gathered accounts from 25 years of attrition or relationships with investment banking.

Recommends
Approves of CEO

1160 Other Employee Reviews for Merrill Lynch (View Most Recent)

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  1.  

    Decent pay for a Customer Service job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - FRS Specialist Level 19  in  Jacksonville, FL
    Current Employee - FRS Specialist Level 19 in Jacksonville, FL

    I have been working at Merrill Lynch

    Pros

    It is certainly a great employer to have on your resume. A world wide respected name. The benefits package is fantastic! You start off with 3 weeks paid vacation starting you first year, which is pretty much unheard of. Well, at least I have never had an employer offer this amount of time off right off the bat. Great medical coverage and benefits. They also pay pretty well for a customer service position.
    I am not sure what else to write here to fill up the one hundred word requirement, but I guess I could just fill this up, right?

    Cons

    Currently the fact that the recently merged with Bank of America, although I think this is fantastic for the company. It's scary for the employees right now. Hopefully, there will be packages offered to those that are not being kept on with the firm. Even during high call volume periods, you still have to treat your employees like humans. Despite the good pay & excellent benefits, if they feel unimportant and over worked, it will eventually backfire on you and they will leave. People get tired of being used, overworked and seen as just a body on the phone. They will find another employer that treats them with more dignity and respect, even if it is a little less pay.

    Advice to ManagementAdvice

    Even during high call volume periods, you still have to treat your employees like humans. Despite the good pay & excellent benefits, if they feel unimportant and over worked, it will eventually backfire on you and they will leave. People get tired of being used, overworked and seen as just a body on the phone. They will find another employer that treats them with more dignity and respect, even if it is a little less pay. You used to be concerned about employees feelings with in FRS, but ever since the Coach leader was hired in our department, it has really gone down hill & maybe you should recognize the change in your employees attitude. Rather than have a phony person put messages up on a board about changing your attitude.. why not seriouslyyyyyy look into why suddenly the staff attitude has changed, how about you recognize the amount of staff turn over that has occured under this leader.

    Recommends
    No opinion of CEO
  2.  

    Good company to spend your career with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

    I have been working at Merrill Lynch

    Pros

    ML is the best financial institution in the world, best resources, best platform, best people, first to initiate new innovative ideas in the industry.

    Cons

    It's still a large corporation where numbers usually carry more weight than people.

    Advice to ManagementAdvice

    Take care of the employees, especially the worker bees at the bottom of the ladder.

    Recommends
    Approves of CEO
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