Merrill Lynch Reviews

Updated October 23, 2014
Updated October 23, 2014
1,192 Reviews
3.6
1,192 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 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.  

    Client Associate Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Associate in Los Angeles, CA
    Former Employee - Client Associate in Los Angeles, CA

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

    Pros

    Lot of prestige with the firm, all of the employees are type-A and it is a thriving, competitive working environment.

    Cons

    Top-level management and leadership did not seem to have a good grasp on new firm-wide changes implemented by BofA. Many employees are worked to the end and spit out afterwards.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Long are the days of Mother Merrill

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

    I worked at Merrill Lynch full-time (more than 8 years)

    Pros

    The Industry was amazing pre-banking world. Where employees were valued and cared for.

    Cons

    Banks don't understand the relationships clients have with us. We are not tellers we have deep meaningful relationships with clients.

    Advice to ManagementAdvice

    Hire the right people, not just to fill the position. A manager from BofA will not necessarily be successful in the brokerage world.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Merrill Lynch has some smart people...some not so smart people in it's Technology Division in Hopewell, NJ.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technology Analyst in Pennington, NJ
    Current Employee - Technology Analyst in Pennington, NJ

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

    Pros

    Smart/experienced people (for the most part)
    good work/life balance
    good pay (but lower than industry standards)

    Cons

    poor benefits (in terms of employer contributions)
    chance for growth as an IT professional in Financial Services
    boring and mundane work(honestly)

    Advice to ManagementAdvice

    Change is slow here, as it is at most big banks, put an emphasis on moving people up with actual talent/brains instead of people who belong to the "club" as I would put it (and anyone outside of the club will know what I'm talking out).

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    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
  6.  

    Business Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Pennington, NJ
    Current Employee - Business Analyst in Pennington, NJ

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

    Pros

    You learn a lot from all the business partners you work with.

    Cons

    The workforce have been reduced over the years but the workload has tripled. There are no plans to add resources but the teams are drowning with work. Merit increases were frozen 7 years ago and every year we are told there is still a freeze.

    Recommends
    Neutral Outlook
  7.  

    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
  8.  

    Unorganized Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in El Segundo, CA
    Former Employee - Intern in El Segundo, CA

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

    Pros

    Staff was nice
    Free food a lot
    Interesting to see a large corporation function
    Dealt with very successful individuals who had a lot of experience in the field

    Cons

    Just merged with BofA so security was getting ramped up and the employees were not happy
    Had to pay for summer school because it had to be for school credit

    Advice to ManagementAdvice

    Do a little planning before you acquire interns
    Try to make it a learning experience

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    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
  10.  

    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
  11.  

    Overall positive. Ultimately I decided to leave for another company.

    • 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 an year)

    Pros

    learn about the business, how it works and what is expected of you. Your Licenses, they are numerous and they go with you.

    Cons

    old fashioned culture. Good old boy network. Feels more like they're waiting for people to go so they can split their accounts up.

    Advice to ManagementAdvice

    change it.

    Recommends
    Positive Outlook
    No opinion of CEO

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