Merrill Lynch Reviews in New Jersey

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

114 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Business Analyst Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst  in  Pennington, NJ
    Current Employee - Business Analyst in Pennington, NJ

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

    Pros

    Worked with a great team that was always willing to help when I had a question. Everyone was friendly and polite and very knowledgable about their areas. I genuinely learned a lot during my time here and I would highly recommend this internship to anyone else.

    Cons

    Can sometimes feel like you go unnoticed at such a large company. Difficult to get your foot in the door.

    Recommends
    Positive Outlook
    Approves of CEO
  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.  

    Intern

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

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

    Pros

    Great culture, great platform, extremely hard, but you can make it if you dedicate your life to it.

    Cons

    Somewhat repetitive. Sales mostly. Can be quite boring.

    Advice to ManagementAdvice

    Develop trainees better

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    It was a very fufilling experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Solutions Associate  in  Hopewell, NJ
    Former Employee - Client Solutions Associate in Hopewell, NJ

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

    Pros

    A lot of progression and growth opportunities. I studied for the series 7 while I was there and then got my 66 after I left

    Cons

    It's a large workplace so it's easy to get caught in the mix

    Advice to ManagementAdvice

    Place a better emphasis on communication between departments. These delays affect client service profoundly.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great employment opportunity with room growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - GWIM Operations Team Lead  in  Pennington, NJ
    Former Employee - GWIM Operations Team Lead in Pennington, NJ

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

    Pros

    Friendly working environment with really good benefits (especially paid time off), unlimited growth and career opportunities within the company; including transferring to another state, flexibility to work overtime and work from home depending upon what service area you work in.

    Cons

    Having to trek into work during inclement weather (major snow storms/blizzards), despite it being a state of emergency and very hazardous conditions. If you called out and did not come in, you were reminded (put on a guilt trip) that others made it in.

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Absolutely Awful; Forced to Lie on Employee Satisfaction Surveys to give the company good ratings

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President - GWIM  in  Pennington, NJ
    Current Employee - Assistant Vice President - GWIM in Pennington, NJ

    I have been working at Merrill Lynch full-time for more than a year

    Pros

    -what pro's the management lies about everything

    Cons

    -compensation
    -no advancement
    -all earnings go to someone other than the people doing the work

    Advice to ManagementAdvice

    All of you are the lowest grade of human beings alive. You are dishonest, treat people like machines, and encourage fights between team members. Also provide actual training be for you throw your employees to the fire and then blame them for not knowing what to do.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Great Company - Bad Pay - Questionable choice of managers

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

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

    Pros

    Work is good. Opportunity to move teams and to grow.Nice Campus and work from home options.

    Cons

    Compensation is low compared to similar companies in the same area.
    Most managers don't believe or follow the company's values or principles towards staff.
    A lot of politics (based on ethnicity and for year-end bonus) which made my experience unpleasant.

    Advice to ManagementAdvice

    Have leaders who believe in your corporate philosophy.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Negative experience. Felt like they were taking advantage of the employees.

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

    I worked at Merrill Lynch full-time for less than a year

    Pros

    Lost old glory. The name remains the same.

    Cons

    No opportunity for growth or expected to stay really long time to same position before moving up.

  10.  

    An Identity Crisis

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Operations Analyst  in  Hopewell, NJ
    Current Employee - Senior Operations Analyst in Hopewell, NJ

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

    Pros

    Great 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.

    Cons

    Do 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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Demanding and challenging, but more political than most places

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President Software Development  in  Hopewell, NJ
    Former Employee - Vice President Software Development in Hopewell, NJ

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

    Pros

    Complex and challenging systems to work on. Bank of America brought in a work from home program that is a great option for some. Opportunity is there to go up if you work hard and

    Cons

    Very large and bureaucratic organization. Legacy Merrill culture was very political and bonus-driven where there was competition and blame game between teams. It got a little better with Bank of America.

    Recommends
    Positive Outlook
    Approves of CEO

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