Merrill Lynch Reviews in New York City, NY Area

Pros

It is a place that gives you a chance to grow. Very supporting staff that helps you learn the trade.

Cons

As an inten in wealth management, I had to make many cold calls. However; this is the most important part in finding new clients.

Advice to Senior Management

Have the interns do more portfolio managment. Otherwise, I think this is a really great internship to start off with.

Pros

The stress is ok, not crazy. People are all very nice, especially managers.

Cons

Compensation is not as good as other comparable places.

Advice to Senior Management

Hire more senior people.

Pros

It was an internship that I did. Team was small, was nervous at first, but got adjusted really well. Everyone was very helpful.

Cons

It did not have a proper educational program. CIGNA I know for a fact has a program for students that has a more proper scheduled program.

Advice to Senior Management

Have a more scheduled program as a form of training. You will get your money's worth for, company projects will be more productive

Pros

good benefits, good evnirnment for nice place

Cons

a lot of pressure, not always a team environment

Advice to Senior Management

more team roll

Pros

- Better than being unemployed
- Brand continues to be reputable

Cons

- Bonus potential very poor: expect big haircut for new hires if IMG provides target
- Incentives not aligned for people to perform well: no rewards for strong performances
- Management poor and bureaucratic
- Work doesn't prepare you for better career options
- Low morale among employees

Advice to Senior Management

Reward good work esp through bonus potential. Improve mgmt & fight for budget like a revenue-generating org

Pros

Strong Brand Name recognition and good benefits.

Cons

Poor Management and lack of proper training.

Advice to Senior Management

invest in your employees if you want them to remain loyal.

Pros

Great company, lot to learn and open to new younger talent. Always a plus for interns and recent college grads.

Cons

Declining name after being acquired by Bank of America, and too many locations ... almost like you're competing with yourself.

Pros

some brokers are great to work with

Cons

- turnover in management annually
- disjointed office environment
- lack of information

Advice to Senior Management

clearer communication

Pros

The health coverage and benefits that you receive from Merrill Lynch were a big plus when working for this company..

Cons

I started working full time for Merrill Lynch Global Wealth Management division straight out of college so I took an entry level position with the firm as a client associate. I acquired my Series 7 & 66 securities licenses within 2 years of me working and was never offered any opportunity for advancement within the company.

Advice to Senior Management

Treat all your employees equally whether they are a top producer or someone in the back office they are all just as important.

Pros

Everybody knows Merrill Lynch - nice name to have on resume
Good foot in the door if you can make good connections
Right in NYC, where everything's happening

Cons

Most interns are not compensated because they do not do the most meaningful work, and you're doing the work that no one else wants to do