Merrill Lynch

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Merrill Lynch Reviews

Updated January 27, 2015
Updated January 27, 2015
1,259 Reviews
3.7
1,259 Reviews
Rating Trends

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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
356 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.  

    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
  2.  

    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
  3.  

    PMD Financial Advisor

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

    I have been working at Merrill Lynch full-time

    Pros

    If you can make it in the industry on your own, this job gives you a lot of flexibility and solid infrastructure. You could build whatever type of business you like.

    Cons

    The program is a joke because PMDs are set up to fail. There is no real training and it takes longer to teach yourself the ropes than is possible with the absurd hurdle requirements. Times have changed and if you are looking to build your skills, you would probably have better luck at an online brokerage which is more cost effective for customers and a much easier sell.

    Doesn't Recommend
    Neutral Outlook
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  5.  

    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
  6.  

    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
  7.  

    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.

  8.  

    Stuck in a dead end job.

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

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

    Pros

    Very team focused and lucrative if you are on a larger team. We have great benefits and the opportunity to utilize an HSA account for medical bills.

    Cons

    It's a very stressful work environment. Office management is disengaged with employees and out of touch. They tend to only cater to the high producing teams. Individual Financial Advisors are frowned upon in hopes of getting them to join/form a team.

    Advice to ManagementAdvice

    FA's are very abusive to the CA population. The abuse is often overlooked in hopes of keeping high producing FA's happy. The CA position is really a dead end job if you are on a team. Develop a better career path for the Client Associates.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9.  

    Great place to work. Highly professional

    Former Employee - Client Associate in Phila, PA
    Former Employee - Client Associate in Phila, PA

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

    Pros

    I worked in a Merrill Lynch office about 20 minutes from my house. It was an easy commute. Everyone in the office was very friendly and willing to answer any questions I had.

    Cons

    Unfortunately, my position responsibilities changed over the course of my 2 years that I was employed. The position evolved into one more administrative.

    Advice to ManagementAdvice

    Be more clear with position descriptions. I understand positions will evolve over time but it took a 180.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Good start for financial learning, but not interested in your goals.

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

    I worked at Merrill Lynch full-time (more than 3 years)

    Pros

    They are a great firm to learn about the financial business.

    Cons

    after merging with Bank of America, employees became more like numbers and they didn't truly care about our reviews.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Great Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Management in Cincinnati, OH
    Current Employee - Wealth Management in Cincinnati, OH

    I have been working at Merrill Lynch as an intern (more than a year)

    Pros

    Great hands on experience in wealth management with very affluent clients. Worked directly with client portfolios preparing review materials and trading options models.

    Cons

    Low pay, little on-boarding process

    Advice to ManagementAdvice

    Based on the high-level of work produced my interns, consider upping the pay to meet the regional standard $15/hour

    Recommends
    Positive Outlook
    No opinion of CEO

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