Merrill Lynch

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Merrill Lynch Reviews

Updated August 21, 2014
Updated August 21, 2014
1,144 Reviews

3.6
1,144 Reviews
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
307 Ratings

Review Highlights

Pros
  • Decent work/life balance(based on your work area) Good (not great) benefits (in 42 reviews)

  • learned a lot about client management in a high assets environment (in 36 reviews)


Cons
  • The work-life balance is definitely a con (in 22 reviews)

  • long hours work life balance leaves only work work can be boring sometimes and can be too overwhelming sometimes (in 32 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good Place to Work

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

    Pros

    In the wealth management business you work as much as you want to. The work-life balance is up to you, no one is requiring a certain amount of hours. Those who had young families worked the hours that fit their schedule, and worked at home when they could. Many travel often, and were not in the office a lot of the time. Others they did not have the same demands tended to work much more, averaging about 12 hours a day, and some weekends. As far as personal growth, there are plenty of opportunities for that. You can go as far as you want if you work hard, and have the network to support your growth.

    Cons

    he office culture is quite stiff compared to others. Everyone is polite, but it is often quiet, separated, and individual, or small team work. Many in the same office on the same floor did not know each other and socialize. Here, depending on your boss and what team you are on, it is looked down upon taking time off for personal holidays.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Pockets of innovation and a real desire to work better within Merrill Lynch

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

    Pros

    Diverse set of technologies and challenges, massive market share and complexity, extremely challenging and always interesting.

    Cons

    Highly procedural, slow to change.

    Advice to ManagementAdvice

    Keep it simple -- don't add process to solve what are relational problems. Avoid region specific focus and think global.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great place to start career

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

    Pros

    Personal relationships, mentors, development programs are all fantastic. Merrill really puts a lot of effort into developing their youth.

    Cons

    Can get lost in the shuffle if one is not willing to be self directed in their work.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Good Atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern  in  Baton Rouge, LA
    Current Employee - Intern in Baton Rouge, LA

    Pros

    Great place to start as an intern to add to your resume. Friendly enviornment and good work/life balance. Reputable name to work for.

    Cons

    It is hard to join the training program unless you have welathy contacts.

    Recommends
  6.  

    Good supervisors

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

    Pros

    Had a lot of good supervisors and friendly co-workers who were more than happy to mentor me through learning some of the systems here.

    Cons

    Not very challenging work, good pay for the basic level of work I was doing but I needed a challenge and wasn't going to wait 3+ years to get a promotion to do that.

    Advice to ManagementAdvice

    Evaluate your employees and their potential better.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Great place to work

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

    Pros

    Career opportunities for advancement available within Merrill Lynch and Bank of America.

    Cons

    Bad press articles often cause clients to challenge the stability of the firm.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Work-Life balance!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior IT Specialist  in  New York, NY
    Former Employee - Senior IT Specialist in New York, NY

    Pros

    If you want to grow into a company at the same time maintain a work-life balance then this is it.

    Cons

    You may somewhere get stuck in the comfort zone.

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    PMD Financial Advisor

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

    Pros

    Licensing process for Series 7 & 66 organized and easy to follow. Their on-line company for the test was adequate to pass both exams. New programs like the BFA and TSA may help PMD's if the programs are truly designed to help a PMD graduate. You will meet a few very nice experienced Financial Advisors and their CA's that will give advise to assist you. Merrill Lynch does give direction that the client needs are the most important which is good.

    Cons

    Odds of graduating from the PMD program after 3 years is less than 10%. Every once and a while you will see how many totally in the program and then get an email about how many have graduated. Not a good number. Most of the graduates in the PMD program came into the firm to work for their father/mother/brother/sister. They also include transfers from other firms that are in the program for 1 year. You learn quickly if you are not in one of those 2 groups your odds are very low and you are being used to bring in accounts of over $250,000 that will be distributed to existing FA when you fail. Good luck.

    Advice to ManagementAdvice

    A lot of the existing Financial Advisors know the odds that you will not be there long so they are not the warmest group. Some can be downright nasty and condescending which is very disparaging; they are usually the ones that walk around with their noses in the air. This can make the environment for the PMD very tough to handle.

    Negative Outlook
    No opinion of CEO
  10.  

    meh

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

    Pros

    a full array of products

    Cons

    unless on team, its a tough go

    Advice to ManagementAdvice

    put new hires on teams

    Recommends
    Neutral Outlook
    Disapproves of CEO
  11.  

    Consultant

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

    Pros

    Ability to work remotely is a positive.

    Cons

    Company has not given out raises in the past 4 years. Bank of America is embroiled in so many legal /regulatory issues that they won't give out raises. Company looks for people who will just make the donuts. If you have any creativity or drive, you'll be VERY unhappy, however, if you're looking for just a 9-5 job and not a career then go for it!

    Advice to ManagementAdvice

    Realize that you have increased the cost of medical benefits by 42% in the past 3 years and have not given raises to help offset the added costs. Your feeling that people should be happy they have a job is going to burn you in the end. Good people are going to leave because other companies will seek them out

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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