Merrill Lynch Reviews in New Jersey

Updated October 21, 2014
Updated October 21, 2014
1,192 Reviews
3.6
1,192 Reviews
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
331 Ratings

Review Highlights

Pros
  • Decent work/life balance(based on your work area) Good (not great) benefits (in 49 reviews)

  • Learned a lot about wealth management, especially through the online courses (in 42 reviews)


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

  • You are expected to work long hours with no overtime pay or additional compensation (in 37 reviews)

More Highlights

120 Employee Reviews Back to all reviews

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  1.  

    Business Analyst

    • 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 full-time (more than 10 years)

    Pros

    You learn a lot from all the business partners you work with.

    Cons

    The workforce have been reduced over the years but the workload has tripled. There are no plans to add resources but the teams are drowning with work. Merit increases were frozen 7 years ago and every year we are told there is still a freeze.

    Recommends
    Neutral Outlook
  2.  

    Lot to learn in technology at cost of less reward

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

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

    Pros

    Technology and Leadership are good here as carried from legacy

    Cons

    Work hours and Compensation are not great in my opinion

    Advice to ManagementAdvice

    We know that Mgm like to care about Clients, Projects, etc, but please don't forget to take care of people as they make it happen for you.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Merrill Lynch has some smart people...some not so smart people in it's Technology Division in Hopewell, NJ.

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

    I have been working at Merrill Lynch full-time (more than an year)

    Pros

    Smart/experienced people (for the most part)
    good work/life balance
    good pay (but lower than industry standards)

    Cons

    poor benefits (in terms of employer contributions)
    chance for growth as an IT professional in Financial Services
    boring and mundane work(honestly)

    Advice to ManagementAdvice

    Change is slow here, as it is at most big banks, put an emphasis on moving people up with actual talent/brains instead of people who belong to the "club" as I would put it (and anyone outside of the club will know what I'm talking out).

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Vice President

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

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

    Pros

    Good pay; easy to hide under the radar; a booming industry; they have money to burn

    Cons

    You often work for idiots; people at the top can make dumb decisions and everyone else must scramble to make it happen. There are smart people there, but they are few and far between. If you find a department with intelligent people, STAY THERE. Bad work life balance. It's all about face time in the office. Hard to break into the old boy network, which runs deep.

    Advice to ManagementAdvice

    Trim the fat. Reward those who deserve it.

    Doesn't Recommend
    Positive Outlook
  6.  

    Laid Back Culture

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

    I worked at Merrill Lynch as a contractor (more than 3 years)

    Pros

    Nice and Easy going people in Jersey city office. Some quality work being done there. So depends on the team you are in.

    Cons

    Too laid back. People working from home a lot of times. Not a lot of front office development happens in this office.

    Advice to ManagementAdvice

    They need to inject more pride and quality in work being produced. Even if not front office development, higher standards and expectations can help people grow. Need to invest in quality trainings.

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

    Not the same

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

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

    Pros

    The few people left from ML after BAC takeover are still good.

    Cons

    Bank of America takeover- downhill from there.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    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 (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
  9.  

    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 (less than an 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
  10.  

    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 (less than an 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
  11.  

    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 (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

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