Merrill Lynch Reviews in Beverly Hills, CA

Updated October 16, 2014
Updated October 16, 2014
1,192 Reviews
3.6
1,192 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
331 Ratings

Review Highlights

Pros
  • Decent work/life balance(based on your work area) Good (not great) benefits (in 49 reviews)

  • Learned a lot about wealth management, especially through the online courses (in 41 reviews)


Cons
  • The work-life balance is definitely a con (in 23 reviews)

  • You are expected to work long hours with no overtime pay or additional compensation (in 37 reviews)

More Highlights

4 Employee Reviews Back to all reviews

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  1.  

    Good atmosphere

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

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

    Pros

    Surrounded by self-driven and hardworking individuals

    Cons

    Not many office-related activities when I was there

    Advice to ManagementAdvice

    Create more internal events

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    DO NOT GO INTO THE PMD Program!

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

    I have been working at Merrill Lynch full-time

    Pros

    The name and brand of the company.

    Cons

    The 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 ManagementAdvice

    Learn 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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Learned a lot about finance

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

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

    Pros

    Worked closely with Bloomberg Terminal

    Cons

    Did not have clear and delineated job

    Advice to ManagementAdvice

    More structured internship program

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    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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