Merrill Lynch
3.4 of 5 1,022 reviews
www.ml.com New York, NY 5000+ Employees

Merrill Lynch Reviews

Updated Apr 15, 2014
All Employees Current Employees Only

3.4 1,022 reviews

                             

73% Approve of the CEO

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

Brian T. Moynihan

(256 ratings)

69% of employees recommend this company to a friend
1,022 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Decent work/life balance(based on your work area) Good (not great) benefits"
    in 41 reviews
  • "Learned a lot about the industry in a short period of time"
    in 34 reviews
Cons:
  • "Work/life balance isn't good as work hours can be 60"
    in 18 reviews
  • "Long hours were not required, but to make the most of the experience were necessary"
    in 29 reviews
  • Show more review highlights

Reviews

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Great Internship

Intern (Former Employee)
Miami, FL

I worked at Merrill Lynch as an intern for less than a year

Prosgreat way to learn the industry and make great connections.

ConsYou have to make the best of it. Your boss will not give you things to do if you aren't proactive

Advice to Senior ManagementHave a training class.

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

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My experience was good for learning the culture of wealth management, but my tasks and responsibilities were menial.

Wealth Management Intern (Current Employee)
Dallas, TX

I have been working at Merrill Lynch as an intern for less than a year

ProsGreat culture. Great resume builder

ConsDifficult PMD program. Hard to transition to full-time position.

Advice to Senior ManagementHelp interns at small offices transition to full-time positions upon graduation

– I'm optimistic about the outlook for this company

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internship

Anonymous Employee (Former Employee)
Houston, TX

I worked at Merrill Lynch as an intern for less than a year

Prosfree lunches, flexible work hours, nice people

ConsI was not aware that this internship would have a heavy marketing focus, especially in cold calling

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  • Culture & Values
         
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  • Disapproves of CEO

 

Took a turn on a moving carnival ride

FA/PMD (Former Employee)
Lexington-Fayette, KY

I worked at Merrill Lynch full-time for more than 3 years

ProsWas able to attain my 7 and 66 again

ConsWatch your back and your accounts

Advice to Senior ManagementChange

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

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“Never open broker account !!! very poor service advisor!!!”

Anonymous Employee (Former Employee)

I worked at Merrill Lynch part-time for more than a year

ProsA single login provides access to your Merrill Edge account.

ConsCustomer service at is very bad. Never received call back. System does not update fast. Multiple issues.

No, I would not recommend this company to a friend

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  • No Opinion of CEO

 

Promotion and Money Depends on Who You Know

Assistant Vice President Project Manager (Former Employee)
New York, NY

I worked at Merrill Lynch full-time for more than 10 years

ProsDepends on how much a project will invest in a person training. But can lead to a very good paying job, Lots of technical education/training could be had. Bonus money was a crap shoot on how much you kissed butt to the VP who has the budget.

ConsPolitics in IT Severely limiting on career path. "Godfathers" made careers or you languished in a position forever even demotion depending who kept a grudge.

Advice to Senior ManagementSenior management didnt have a clue about the people who made the computers work 24/7. Being on call 24/7 with little comp$, This leads people to leave after being well trained. Salary & Bonus money should be tied to actual output not the connections you have.

Yes, I would recommend this company to a friend

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Good experience prior to the BofA merger

Vice President (Former Employee)
New York, NY

I worked at Merrill Lynch full-time for more than 10 years

ProsHas an excellent training program.

ConsToo much nepotism going on now.

Advice to Senior ManagementShould care more about the people instead of the numbers.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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The Pursuit Of Happiness

Anonymous Employee (Current Employee)

I have been working at Merrill Lynch

Pros-Great resume brand
-Transferable skill set
-Make a lot of connections

Cons-No support for PMD's to succeed
-Model is set up for you to fail and firm distributes your clients to the corner offices
-Nepotism

Advice to Senior ManagementThere needs to be investment in developing "homegrown" talent as opposed to just poaching from other firms

No, I would not recommend this company to a friend

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Wealth management intern

Anonymous Employee (Former Employee)

I worked at Merrill Lynch as an intern for more than a year

Prosit's a good entry position for an intern to get some experience, however it's hard to get out of because everyone does it.

ConsB of A merger, cheap cross selling mentality, corporate stiffness, salesman selling products, no real work, internal system is slow

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  • No Opinion of CEO

 

An Identity Crisis

Senior Operations Analyst (Current Employee)
Hopewell, NJ

I have been working at Merrill Lynch full-time for more than 5 years

ProsGreat entry level positions right out of college.Positions are competitive. Decent work/life balance(based on your work area) Good (not great) benefits. The ability of getting your series 7 and other licenses.

ConsDo we work for Merrill Lynch the brokerage firm or Bank of America?. Well it's a mix of both. You will work and provide brokerage type results but we'll pay you as if you work at a bank. Compensation is on the lower end of this industry. Don't expect to make much unless working in a Branch office or in a sales position. Want to feel like a number? Great! You will be provided a Person number upon Employment.

Advice to Senior ManagementStop Micromanaging every aspect of the job. Provide relevant internal news of whats going on with the company like Merrill did back in the day.

No, I would not recommend this company to a friend

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