Merrill Lynch Reviews

Updated October 16, 2014
Updated October 16, 2014
1,190 Reviews
3.6
1,190 Reviews
Rating Trends

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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 41 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.  

    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
  2.  

    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
  3.  

    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
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  5.  

    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

  6. 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
  7. 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
  8.  

    "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

  9.  

    Administrative Manager

    • 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

    Work/Life Balance is great
    Enjoy team atmosphere
    Great colleagues

    Cons

    Pay vs what is expected of you

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Good place to learn

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    Plenty of intellectual capital here

    Cons

    Provide more mentor-ship for new employees

  11. 1 person found this helpful  

    Great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Registered Client Associate in Plano, TX
    Current Employee - Registered Client Associate in Plano, TX

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

    Pros

    Multiple opportunities to participate in bonuses. Room for growth if you want to be an advisor or in management. Job security. Offices in every city. Great discounts through Bank of America. Sophisticated technology. Specialized teams and departments to handle problems. Good work life balance & no access to email or systems outside the office.

    Cons

    You are overtime eligible but they don't usually approve it. Not many formal social gatherings or young people. Time off is 15 days until you've been employed 15 years. Dress code really isn't enforced. Office buildings aren't fluid looking & most have old 90's furniture. If you don't want to be a client associate forever, management spots are limited or you have to try & make it as an advisor. Your growth is limited to your team as a client associate.

    Recommends
    Neutral Outlook
    Approves of CEO

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