Merrill Lynch

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Merrill Lynch Reviews

Updated January 29, 2015
Updated January 29, 2015
1,267 Reviews
3.7
1,267 Reviews
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
359 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 43 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.  

    Flexibility within a large corporate atmosphere.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant in Orange, CA
    Current Employee - Assistant in Orange, CA

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

    Pros

    Due to the size of the company it is a vast wealth of knowledge over many business areas. However, there is still room for individuality and flexibility in tailoring schedules etc.

    Cons

    Due to the large size you can run into corporate red tape. Often several hoops to go through to get things done.

    Advice to ManagementAdvice

    Listen to lower level employees. Be aware of interpersonal relationships and how that affects the workplace.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Client Associate: static position

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Associate (FP)
    Current Employee - Client Associate (FP)

    I have been working at Merrill Lynch full-time (more than 5 years)

    Pros

    Work-Life Balance is good since you're an hourly employee and do not have access to emails/phone, etc outside of work. Salaries are decent but you have the opportunity to make more depending on the FA(s) you work with since they can add supplemental pay. This is something that you'll need to negotiate directly with the FA.

    Cons

    Basically a glorified assistant position. There is no career growth opportunities unless you want to become a Financial Advisor. Very stressful job and it seems like every year CAs are expected to do much more without more pay. CA work moral is very low.

    Advice to ManagementAdvice

    Make CAs feel like valued employees. I know the FAs are important since they bring in revenue but without the CAs, ML would not be the prestigious firm it is today.

    Doesn't Recommend
    Disapproves of CEO
  3.  

    The people were really nice and they were very eager to explain things when I didn't understand.

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

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

    Pros

    The people are very nice
    You work nice hours
    There are many video lectures and online training programs to help you with professional development.

    Cons

    The work is very administrative. However as long as you put in a lot of effort and show that you are dedicated and capable, then you may be given more responsibilities

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Always willing to help, great people.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    Talented people to work with. Always challenging yourself and encouraging you to take more responsibilities. Very good training programs for interns and graduates.

    Cons

    Long working hours, two all-nighters during my internship. At the beginning the work was very bureaucratic: spreadsheets, pitch books and ppt presentations.

  6.  

    Strong career growth for high performers that are motivated and willing to be very dedicated and committed to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Information Technology Director in New York, NY
    Current Employee - Information Technology Director in New York, NY

    I have been working at Merrill Lynch full-time (more than 10 years)

    Pros

    High on innovation and strong execution with great partnership between technology and business

    Cons

    Quality of life as work is highly demanding and there is high pressure on budget

    Recommends
    Positive Outlook
  7.  

    Company Opinion

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant in Farmington Hills, MI
    Current Employee - Assistant in Farmington Hills, MI

    I have been working at Merrill Lynch

    Pros

    -great training
    -great environment
    -great people

    Cons

    -Low pay starting out
    -Takes a while to move up
    -You have to know somebody to get in..or be super knowledgable in the field

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great place to learn and grow in Wealth Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Ontario, CA
    Former Employee - Financial Advisor in Ontario, CA

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

    Pros

    Great staff, open communication with management

    Cons

    Lack of training they could do better

    Advice to ManagementAdvice

    support the new class of advisors

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Top

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    Working for Merrill Lynch was great. I take great pride in the time I spent in Manhattan.

    Cons

    I left too soon. If you are lucky enough to get this job, stay until they shut off the lights.

  10.  

    Great Company with Many Opportunities

    • 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 full-time (more than 3 years)

    Pros

    Teamwork, Comraderie, Managers willing to help you get to the next step, Lots of learning opportunities, Many directions to go into once you get a base with the firm

    Cons

    No bonus structure with my department, which kind of takes away from one trying to perform their best to receive bonues. It doesnt stop me from trying to succeed, but I would be nice to have a bonus structure.

    Recommends
    Positive Outlook
  11.  

    So far, so good

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

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

    Pros

    Plenty of time to study for series exams. Middle management and upper management are in touch with those on the ground.

    Cons

    Lower pay than rest of industry

    Advice to ManagementAdvice

    Pay for talent and turnover would be reduced

    Recommends
    Positive Outlook

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