Merrill Lynch
3.4 of 5 1,029 reviews
www.ml.com New York, NY 5000+ Employees

Merrill Lynch Reviews

Updated Apr 20, 2014
All Employees Current Employees Only

3.4 1,029 reviews

                             

74% Approve of the CEO

Merrill Lynch President & CEO of Bank of America Brian T. Moynihan

Brian T. Moynihan

(258 ratings)

69% of employees recommend this company to a friend
1,029 Employee Reviews
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Review Highlights

Pros:
  • "Decent work/life balance(based on your work area) Good (not great) benefits"
    in 41 reviews
  • "Learned a lot about the industry in a short period of time"
    in 34 reviews
Cons:
  • "Work/life balance isn't good as work hours can be 60"
    in 18 reviews
  • "Long hours were not required, but to make the most of the experience were necessary"
    in 29 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
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  • Approves of CEO

1 person found this helpful  

Practice Management Development

Wealth Management Practice Management (PMD) (Current Employee)
San Jose, CA

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

ProsTraining is among the best, if not the best in the industry. Strong brand and technology.

ConsHurdles are almost impossible for someone making a career change. Those joining from another broker dealer firm have a better chance of graduating.

Advice to Senior ManagementStructure two types of hurdles, one for existing advisors and a second for those new to the industry.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Intern

Intern (Current Employee)
Denver, CO

I have been working at Merrill Lynch part-time for less than a year

ProsThis is a great place to work and intern. You are given more than the basic intern responsibilities

ConsThere were no downsides to interning with Merrill

Yes, I would recommend this company to a friend

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Great process

Anonymous Employee (Former Employee)

I worked at Merrill Lynch full-time

ProsProvided lots of feedback and kept me informed through the process.

ConsLong interviews and tough questions. Must be prepared and on top of the market news.

Advice to Senior ManagementGreat company culture

– I'm optimistic about the outlook for this company

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Great technology systems, regulation stifling business

Registered Client Associate (Current Employee)
Indianapolis, IN

I have been working at Merrill Lynch full-time for more than 3 years

ProsThe technology systems are the best in the business.

ConsRegulation and compliance at ML is a constant struggle and makes business very hard and frustrating on a daily basis. Clients should expect to have to sign paperwork, paperwork and more paperwork, again and again.

Advice to Senior ManagementI reiterate the hinderance of business due to compliance and constantly evolving (to be more cumbersome) requirements put on advisors, mostly concerning documentation. Regulation and compliance at ML is a constant struggle and makes business very hard and frustrating on a daily basis. Clients should expect to have to sign paperwork, paperwork and more paperwork, again and again.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Investment Analyst

Anonymous Employee (Former Employee)

I worked at Merrill Lynch as an intern

ProsGood brand, good people, good system

ConsFinancial crisis damaged the reputation

Yes, I would recommend this company to a friend

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Financial Analyst Internship Review @ Merrill Lynch

Anonymous Employee (Former Employee)

I worked at Merrill Lynch

ProsTrue testament to the Wealth Management industry with real world experience. Experience meeting clients, researching stocks and using SalesForce.

ConsCan sometimes be a very hard work market to work in. The industry is very cut throat and it's also hard to build up a client base.

Advice to Senior ManagementThe leadership is phenomenal and the individuals at the top are very open to speaking with younger individuals.

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Teaches you how to get business!

Anonymous Employee (Current Employee)

I have been working at Merrill Lynch

ProsGreat support from the management and partners if you want to do active prospecting and host seminars. A lot of training. All the senior advisors are always willing to guide you if you need help.

ConsLong hours. If you have to go to networking events and host seminars you will probably be doing that in the evening. If you consistently network and be at work the next day at 6:30 am, you will eventually be tired and ruin your health. So be smart or try to convince your management.

Advice to Senior ManagementSpend more time with the PMD's in training them not just prospecting ideas. Understand that if a PMD has to go out to events to prospect, it will be difficult for them to show up at 6:30 am just to sit in front of the computer.

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It was fast-paced and dangerously competitive.

Client Associate (Former Employee)
Houston, TX

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

ProsGreat atmosphere to be in if you want to thrive in the financial arena.

ConsThe competition was unrealistic and degrading at times. The branch that I worked at had a hard time treating employees fairly and with respect.

The hours were super long, even being an intern.

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Great experience; experience lies with your financial advisor though.

Anonymous Employee (Current Employee)

I have been working at Merrill Lynch

ProsNo "intern" work; actively used Bloomberg and Microsoft Excel to compile investment portfolios.

ConsThe work gets repetitive at times.

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Great College Internship

Global Wealth and Investment Management Intern (Former Employee)
Newport Beach, CA

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

ProsGreat company to work for if you're trying to build a business in wealth management. Make sure to work under an adviser that spends time training you on the investment side(not just how to get clients). Perks were good as well.

ConsThe internship class was supposedly cut the next year so I'm not sure if they still hire.

Advice to Senior ManagementKeep up the good work, and make sure to keep training employees.

Yes, I would recommend this company to a friend

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