Merrill Lynch Reviews

Updated August 16, 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

138 Employee Reviews

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  1. Merrill Lynch Employee

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

    I have been working at Merrill Lynch full-time (More than 8 years)

    Pros

    An abundance of career opportunities

    Cons

    Company can be better with Pay and Bonuses


  2. Engaging environment and fun colleagues

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

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

    Pros

    Some very bright people are working at Merrill Lynch. Work/life balance for me was great (I worked remotely from home). Benefits were great.

    Cons

    Bonus payout decreased over the last 5-6 years I worked at Merrill Lynch. Company is in cost cutting mode for the next few years, so job security is a question.


  3. 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
    Recommends
    Positive Outlook
    Approves of CEO

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

    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


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  5. 401(k) Phone Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - 401k Phone Representative in Pennington, NJ
    Current Employee - 401k Phone Representative in Pennington, NJ
    Recommends

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

    Pros

    Good pay for easy job. They sponsor you to get your series 7,63,66 Lots of overtime Awesome Vacation days

    Cons

    Every second of your day is scheduled Job gets very repetitive You have to wait 1 year from your final test date before you can move around in the company


  6. 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
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Merrill Lynch's research is second to none.

    Cons

    Not much structure for the intern to develop.


  7. 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
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Merrill Lynch full-time

    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.


  8. 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
    Doesn't Recommend

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

    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


  9. 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
    Doesn't Recommend
    Neutral Outlook

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

    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.


  10. 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
    Recommends
    Approves of CEO

    I have been working at Merrill Lynch full-time

    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


  11. 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
    Recommends
    Neutral Outlook

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

    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.



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