Merrill Lynch Reviews

Updated July 22, 2015
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3.7
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
36 Ratings

Pros
  • Good work life balance & no access to email or systems outside the office (in 50 reviews)

  • Learned a lot more about what being a FA really entails (in 43 reviews)

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

  • Long hours or very early hours can be exhausting specially when you are interning during school semester/quarter (in 37 reviews)

More Pros and Cons

135 Employee Reviews

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  1. Awesome company if you have the ability to keep up

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

    I have been working at Merrill Lynch part-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good benefits, great energy, and you can make your own way if you are not afraid to work hard and put in the hours

    Cons

    There aren't many cons in my experience. The job is what you make of it. It requires a lot of hours


  2. Financial Advisor intern

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

    I worked at Merrill Lynch

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Merrill Lynch's research is second to none.

    Cons

    Not much structure for the intern to develop.


  3. Good place to coast and make decent money

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

    I worked at Merrill Lynch full-time

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Now that Merrill Lynch is part of BofA the business is "off the radar." The good thing is that there's plenty to do so you can stay busy from 9 to 5 and then enjoy evenings and weekends.

    Cons

    If you're a go getter in the mid to late stages of your career this company is going to frustrate you. Lots of talk and very little action because management's focus is primarily on cost management.

    Advice to Management

    The share of market for wirehouses is in decline. Truly investing in the client experience is the key to new growth.


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  5. Low quality development, favoritism

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Applications Developer in Hopewell, NJ
    Current Contractor - Applications Developer in Hopewell, NJ

    I have been working at Merrill Lynch as a contractor (More than a year)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    they use good pro tools like tfs and red gate etc

    Cons

    favoritism based on being of a certain ethnicity assigning very low visibility to talented engineer who are not from the certain group and pretending his work as if someone else created it, for ex letting someone do the demo of a project, who even didnt work on that , to business . Assigning 3 different technology tasks to someone in less than 24 hours , full of crap management not admitting mistakes and stealing from the company by quadrupling work time and blaming the quality developer either you have to be manager here or you have to be manager because developers are low quality wannabe developers and they lack basic ethics and they will not be happy by their crap being exposed and will do lots of politics about the real

    Advice to Management

    promote the good ones not the ones who are full of non sense


  6. Financial Advisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in East Brunswick, NJ
    Former Employee - Financial Advisor in East Brunswick, NJ

    I worked at Merrill Lynch full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Work independently while building your business. Wide array of products and services available to offer to prospective and future clients

    Cons

    When it comes down to it regardless of what is said about distrusted advisor, you will be judged solely on your production

    Advice to Management

    Managementshould try to take a closer look at the big picture as to the quality of business a financial adviser brings and not just the quantity.


  7. Growth within the company

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

    I have been working at Merrill Lynch full-time

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    opportunity for to grow within the company.

    Cons

    The Pennington Location has the Call center feel

    Advice to Management

    Keep up the great work


  8. Pleasant Working Environment

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

    I worked at Merrill Lynch full-time (More than 10 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Good facilities, nice people, friendly and diverse, close to the PATH train and Light Rail

    Cons

    Disorderly distribution of technical personnel, no focus on career development, lack of sense of "moving the business forward". Neighborhood is boring.

    Advice to Management

    Make people work harder.


  9. Decent pay but awful job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Wealth Management Client Services Representative in Hopewell, NJ
    Former Contractor - Wealth Management Client Services Representative in Hopewell, NJ

    I worked at Merrill Lynch as a contractor (Less than a year)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Training was thorough. There was an attempt to make the work environment have a community feel.

    Cons

    Disorganized and not very helpful once training was completed.

    Advice to Management

    Add more opportunities for training and off the phone time for new hires that are still getting used to the customer service environment.


  10. I love the work that I do and the people I work with.

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

    I have been working at Merrill Lynch full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Therr is lots of opportunity for movement and training within the company .

    Cons

    A lot of the amenities and perks for being an employee have been taken away (gym, bonuses etc)


  11. Technology Analyst Program (GWIMT) -Hopewell- Poor program for college grads, however good for those seeking sponsorship

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

    I worked at Merrill Lynch full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    some talented people for sure, great brand and resume builder, pay is great for coming right out of college, TAP program good for those seeking h1b1 sponsorship

    Cons

    A lot of politics, favoritism, even a good deal of nepotism. Lack of real corporate training. A poor program for those coming out of college, also in the middle of nowhere, as a result talent coming into the program is not top notch.

    Advice to Management

    Invest into the program on a need basis. No reason to hire kids out of college just for the sake of building such a presence on campus.



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