Merrill Lynch Reviews

Updated April 17, 2015
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3.7
1,344 Reviews
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
389 Ratings

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 Pros and Cons

Employee Reviews

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  1. Financial Advisor

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

    I worked at Merrill Lynch

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company, fun people, good times

    Cons

    not any that I can think of

  2. Rec. Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - RECONCILIATION SPECIALIST in Jacksonville, FL
    Former Employee - RECONCILIATION SPECIALIST in Jacksonville, FL

    I worked at Merrill Lynch

    Pros

    benefits and pay was great. They also have yearly bonuses

    Cons

    Management positions are not for everyone

  3. Financial Advisor

    • 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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The company is very entrepreneurial. It allows each individual to succeed based on their level of ingenuity. It provides a great deal of flexibility in a professional atmosphere.

    Cons

    The playing field is tilted in favor of those that have proven their ability. That is fine when the economy is strong but in tougher times it make things more difficult. Manager shouldn't be allowed to compete against their own people.

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  5. Wealth management

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

    I worked at Merrill Lynch as an intern

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    -> Friendly working environment
    -> Good working hours
    -> Steep learning curve for interns
    -> Good organizational culture
    -> Brand name in finance
    -> Flexible hours

    Cons

    -> Extremely strict operational control procedures
    -> Low pay
    -> Company seems fragmented across offices
    -> Interns are invisible to the office
    -> EXTREMELY client focused

    Advice to Management

    In order to make the environment more attractive to younger generations, the work places should be more active, vibrant, and challenging

  6. Financial Adviser

    • 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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Pay you to get your licenses, all the training you will need to be successful, multi year training program with production bonuses. Plan on joining a team as soon as possible

    Cons

    If you are not a family member of an existing advisor or have not identified at least $8 million to bring with you when you start their program, the cards are stacked against you.

    Advice to Management

    Continue to push new people to join teams, giving them better chance at success

  7. Decent pay but awful job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Wealth Management Client Services Representative in Hopewell, NJ
    Former Contractor - Wealth Management Client Services Representative in Hopewell, NJ

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

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Training was thorough. There was an attempt to make the work environment have a community feel.

    Cons

    Disorganized and not very helpful once training was completed.

    Advice to Management

    Add more opportunities for training and off the phone time for new hires that are still getting used to the customer service environment.

  8. Interned in Private Wealth Management.

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

    I worked at Merrill Lynch as an intern

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Friendly working environment
    Bosses are flexible on hours

    Cons

    Tedious, repetitive tasks
    Not much exposure to learning about financial markets

  9. An embarrassing joke ML is today since the takeover by BOFA.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Chief Executive Officer in Chicago, IL
    Former Employee - Chief Executive Officer in Chicago, IL

    I worked at Merrill Lynch full-time (more than 10 years)

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    To see what happens when great companies fall, and are taken over by mediocre, profit-driven scavengers like BOFA ... ML is no longer ML .. they should have terminated that name as well (re: BOFA acquisition).

    Cons

    IT's a HIGHLY watered-down version of what made Merrill Lynch great decades ago ... The worst problem is Executive Management of Bank of America .. leadership is non-existent. It's also survival of "the UNFITTEST" ... they're so 100% MINORITY-DIVERSITY driven that, like the USA gov't, they believe that placing the weakest in powerful positions will be a PLUS .. BASICALLY, they've confused "DIVERSITY" with "CHAOTIC FREE FOR-ALL" ...

    Advice to Management

    BOFA and BAML is obviously the INDUSTRY-LAGGARD, so they're nothing that can be done from within .. it's way too late to move this Giant Ship around ... my advice: just keep collecting your pathetically undeserved paychecks .. keep stealing from what's left of the coffers and the community .. and, at some point, a Superior Company that's actually competitive may decide to take mercy on your pathetic, sad-sorry souls and takeover this trash receptacle ... Amen.

  10. Pleasant Working Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - .NET Developer in Jersey City, NJ
    Former Employee - .NET Developer in Jersey City, NJ

    I worked at Merrill Lynch full-time (more than 10 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Good facilities, nice people, friendly and diverse, close to the PATH train and Light Rail

    Cons

    Disorderly distribution of technical personnel, no focus on career development, lack of sense of "moving the business forward". Neighborhood is boring.

    Advice to Management

    Make people work harder.

  11. Big Company huge opportunities for advancement.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    I had a great group of coworkers, and the services available to clients were wonderful. Most of the back office employees were very helpful and efficient.

    Cons

    Computer systems were very cumbersome and some of the processes seemed outdated and inefficient. I was amazed that such a large firm would not have a better electronic filing system.

    Advice to Management

    I was in a small office so we did not see Management much would have been nice if we had a regular management presence.

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