Merrill Lynch Reviews in Jersey City, NJ

Updated September 10, 2014
Updated September 10, 2014
1,158 Reviews
3.6
1,158 Reviews
Rating Trends

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

Review Highlights

Pros
  • Decent work/life balance(based on your work area) Good (not great) benefits (in 42 reviews)

  • learned a lot about client management in a high assets environment (in 36 reviews)


Cons
  • The work-life balance is definitely a con (in 22 reviews)

  • long hours work life balance leaves only work work can be boring sometimes and can be too overwhelming sometimes (in 32 reviews)

More Highlights

21 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    ML review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President, SOLUTIONS ENGINEER  in  Jersey City, NJ
    Former Employee - Vice President, SOLUTIONS ENGINEER in Jersey City, NJ

    I worked at Merrill Lynch full-time for more than 8 years

    Pros

    great teams of talented people

    Cons

    risk management practices did not save ML from the 2008 SDO related issues

    Recommends
  2.  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Specialist  in  Jersey City, NJ
    Former Employee - Senior Specialist in Jersey City, NJ

    I worked at Merrill Lynch full-time for more than 5 years

    Pros

    Good benefits, office culture is good, decent compensation but good work/life balance. ability to interface several domestic internal and overseas teams. Also work with outside brokers. Great ability to network

    Cons

    very uncertain due to all the layoffs. The overfocus on risk prevents the company from educating and encouraging their seasoned employees to do very well. Always seeking ways to cut costs through the use of workforce reductions then rehiring inexperienced workers at a lower salary.

    Recommends
    Negative Outlook
    Approves of CEO
  3.  

    Software Development Manager

    Current Employee - Software Development Manager  in  Jersey City, NJ
    Current Employee - Software Development Manager in Jersey City, NJ

    I have been working at Merrill Lynch full-time for more than 3 years

    Pros

    It is a good place to work if you want to learn more about the financial service industry. Merrill promotes teamwork and my peers and managers were very supportive so you don't feel like you're going at an enterprise project alone.

    Cons

    There are days that you will work long demanding hours. Sometimes you have to work on the weekends. The benefits are pretty much the same as industry standards.

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  5.  

    avp

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President  in  Jersey City, NJ
    Former Employee - Assistant Vice President in Jersey City, NJ

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

    Pros

    good company to work for

    Cons

    none, i was happy working there

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    A diverse environment, with a helpful and insightful top brass.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern  in  Jersey City, NJ
    Former Employee - Intern in Jersey City, NJ

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

    Pros

    The environment was great, a very helpful management. There was independent work allocated all the time in Corporate Actions, each break was solving a puzzle by understanding how things work. Overall great experience.

    Cons

    Salary for the internship wasn't as high, though in the 2008-2009 period the market was not doing exactly well.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    very good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Corp Action Specialist  in  Jersey City, NJ
    Current Employee - Corp Action Specialist in Jersey City, NJ

    I have been working at Merrill Lynch

    Pros

    good benefits, good evnirnment for nice place

    Cons

    a lot of pressure, not always a team environment

    Advice to ManagementAdvice

    more team roll

    Recommends
    Approves of CEO
  8.  

    Great Environment to Learn & Grow, Poor Balance of Work / Life Ratio

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - IT Specialist  in  Jersey City, NJ
    Former Employee - IT Specialist in Jersey City, NJ

    I worked at Merrill Lynch

    Pros

    Incredible place to learn about new technologies
    Great environment for building your career
    Wonderful opportunities to learn about the Stock Market industry and new processes

    Cons

    Stagnet career growth hindered by constant cost cutting, high turnover and the merger between BoFA and Merrill Legacy employees.
    Constant downsizing due to unstable market place
    Very poor balance of work to life ratio

    Advice to ManagementAdvice

    Stop worrying about the stock price of the firm's performance & shareholders and focus more on customer's attention and also provide more employees with direction. Break the walls down between departments to create more synergy between organizations instead of the BoFA & Merrill way!! Constantly cutting back on staff every two to three years to save on costs only hurts the firm creditabily and constantly causing them to lose top talent.

    Recommends
    Disapproves of CEO
  9.  

    great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Quality Assurance Analyst  in  Jersey City, NJ
    Current Employee - Quality Assurance Analyst in Jersey City, NJ

    I have been working at Merrill Lynch

    Pros

    Great mangement and healthy enviornment

    Cons

    Salary and other benefits are less for the consultants

    Advice to ManagementAdvice

    Salary should be competitive

    Recommends
    Approves of CEO
  10.  

    Merrill Lynch was a good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Sourcing Manager  in  Jersey City, NJ
    Former Employee - Sourcing Manager in Jersey City, NJ

    I worked at Merrill Lynch

    Pros

    Very supportive group in IT sourcing - great senior management, and good mid-level competence

    Cons

    Compensation relatively low compared to other large banks for support services.

    Advice to ManagementAdvice

    Minimize the distinction between bankers and rest of staff

    No opinion of CEO
  11. 1 person found this helpful  

    A great big myeh

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Operations Analyst  in  Jersey City, NJ
    Former Employee - Operations Analyst in Jersey City, NJ

    I worked at Merrill Lynch

    Pros

    Good Brand Name to put on resume
    HR structured employment and program very well so you got to network
    Overall got to see and work on fairly large things that you may read in the news

    Cons

    Some of the people I worked with were the most incompetent and socially awkward people ever. of course that type of thing may be expected in the back office but this was beyond bad.

    Advice to ManagementAdvice

    Keep doing what you're doing. You managed to take a failing company and sell it to Bofa for a very attractive price to share holders. go capitalism.

    No opinion of CEO

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