Merrill Lynch Reviews

Updated October 28, 2014
Updated October 28, 2014
1,198 Reviews
3.6
1,198 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
333 Ratings

Review Highlights

Pros
  • Decent work/life balance(based on your work area) Good (not great) benefits (in 50 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Excellent internship, great people... just be careful about cultural divide w/ ML & BofA

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - GWIM Summer Analyst in Boston, MA
    Former Employee - GWIM Summer Analyst in Boston, MA

    I worked at Merrill Lynch as an intern (less than an year)

    Pros

    Working with a massive firm with brilliant people
    Working with a culture that puts clients first
    Working at a place that allows you to network pretty much into anywhere in the fin services industry

    Cons

    Culture clash with BofA; Merrill Lynch is client-first, BofA is profit-first
    Compliance takes it a little overboard sometimes. I know they're just doing their job but it sometimes gets to the point of paranoia and it incurs extra costs in terms of time and consequently money

    Advice to ManagementAdvice

    Forced synergies are not good synergies

    Recommends
    Neutral Outlook
    Disapproves of CEO
  2.  

    benefited my career through the company name, but was not thrilled in regards to the work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Wealth Management in Greensboro, NC
    Former Employee - Wealth Management in Greensboro, NC

    I worked at Merrill Lynch as an intern (more than an year)

    Pros

    good connections, respectable company name

    Cons

    somewhat superficial environment, not the best intern salary

    Recommends
    No opinion of CEO
  3.  

    I worked in wealth management and it was a great gig to get my foot in the door of the finance industry out of college

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Hartford, CT
    Former Employee - Analyst in Hartford, CT

    I worked at Merrill Lynch full-time (less than an year)

    Pros

    Great, sociable co-workers. Entrepreneurial spirit. The people I worked with were ambitious and motivated, but also willing to help out others in the office. Many resources to learn, it's up to you how well you perform here

    Cons

    The pay isn't as much as some of the other offers I got, but the work in the securities industry is more interesting and there is much more ability to advance than in accounting based roles

    Advice to ManagementAdvice

    Give younger employees more responsibility in portfolio management, not just client management

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Good atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Wealth Management in Beverly Hills, CA
    Former Employee - Wealth Management in Beverly Hills, CA

    I worked at Merrill Lynch as an intern (less than an year)

    Pros

    Surrounded by self-driven and hardworking individuals

    Cons

    Not many office-related activities when I was there

    Advice to ManagementAdvice

    Create more internal events

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Good ole Merrill

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager, Assistant Vice President in Jacksonville, FL
    Former Employee - Manager, Assistant Vice President in Jacksonville, FL

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

    Pros

    Great location in Florida. Positive and strategic leadership. Compensation was inline with industry and location

    Cons

    The politics could get in the way a little. Need to think about better ways to engage employees. Career path is little unclear, but if you're driven and engaged, that will be rewarded

    Advice to ManagementAdvice

    keep the consistent strategic focus

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Summer internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Wealth Management in Austin, TX
    Former Employee - Wealth Management in Austin, TX

    I worked at Merrill Lynch as an intern (less than an year)

    Pros

    Management team was terrific. Everyone was very helpful and supportive

    Cons

    I don't have any cons with this position

    Advice to ManagementAdvice

    Keep it up

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Client Associate

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

    I have been working at Merrill Lynch

    Pros

    Great benefits and potential growth. Couldn't be happier with the company!

    Cons

    no cons at this time

  9. 1 person found this helpful  

    Good company to work for... However...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - PMD Financial Advisor in Colorado Springs, CO
    Former Employee - PMD Financial Advisor in Colorado Springs, CO

    I worked at Merrill Lynch full-time (more than an year)

    Pros

    The company is decent to work for. Good support system.

    Cons

    As for financial & investment advisory sales... the market is way too fragmented. Unless you know many millionaires (or you come from a family with 10mm in investable assets), starting out in this field is extremely difficult.

    Advice to ManagementAdvice

    It's time to consider what happened to Kodak.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful  

    It has been a great experience with lots of effective training.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - PMD Financial Advisor in Winston-Salem, NC
    Current Employee - PMD Financial Advisor in Winston-Salem, NC

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

    Pros

    Great benefits, ability for growth quickly

    Cons

    difficulties in working with a large bank

    Advice to ManagementAdvice

    more training regarding technology

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    "Good Place to Work"

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    "Collegial working atmosphere, ability to work on global initiatives, large size of company promotes diverse career opportunities, great life and work balance for the financial service industry

    Cons

    No cons, this was a great place to work. Management looks out for the best interest of their employees. I recommend this place to anyone looking for employment in the industry

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