Merrill Lynch
3.5 of 5 1,099 reviews
www.baml.com Charlotte, NY 5000+ Employees

Merrill Lynch Reviews in Beverly Hills, CA

Updated Jun 15, 2014
All Employees Current Employees Only

3.0 3 reviews

                             

0% Approve of the CEO

Merrill Lynch President & CEO of Bank of America Brian T. Moynihan

Brian T. Moynihan

(1 ratings)

67% of employees recommend this company to a friend
3 Employee Reviews Back to all reviews
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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Learned a lot about finance

    Wealth Management Intern (Former Employee)
    Beverly Hills, CA

    ProsWorked closely with Bloomberg Terminal

    ConsDid not have clear and delineated job

    Advice to Senior ManagementMore structured internship program

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    • Senior Management
           
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    • Disapproves of CEO

    1 person found this helpful  

    DO NOT GO INTO THE PMD Program!

    PMD Financial Advisor (Current Employee)
    Beverly Hills, CA

    ProsThe name and brand of the company.

    ConsThe training program is awful, They don't train you at all. The put these enormous goals for you every month that are nearly impossible for make and they fail to tell you that you can only get your bonus if it exceeds the previous bonus you received the prior month. So, for example, if you were to make a commission every month you don't necessarily see a penny of that. No one in management knows how the PMD program works and cannot give you any guidance. You are left for fend for yourself and unless you have a substantial network and are willing to make nothing for 3 years and then hope for the best, I would recommend looking at JP Morgan or Morgan Stanley or Goldman. All of them have exceptional training program and give you ample time to learn the business before throwing you in the deep end. Also, they do not pay overtime even though you will be working overtime during the time period that you are studying for your exams.

    Advice to Senior ManagementLearn what it is that you are doing and create a platform that people can excel at versus creating an environment that makes it impossible to succeed.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Solid internship experience (private wealth management)

    Merrill Lynch Wealth Management Program Intern (Former Employee)
    Beverly Hills, CA

    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

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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