Merrill Lynch

  www.baml.com
  www.baml.com

Merrill Lynch Reviews

Updated December 17, 2014
Updated December 17, 2014
1,237 Reviews
3.6
1,237 Reviews
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
347 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.  

    Global Wealth Management Internship went well.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Steve Davis Group in Westlake Village, CA
    Former Employee - Steve Davis Group in Westlake Village, CA

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

    Pros

    Solid work ethic among motivated and focused employees.

    Cons

    Limited analytical and practical research work.

    Advice to ManagementAdvice

    Provide more responsibility to interns.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    good place, very corporate

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

    I worked at Merrill Lynch

    Pros

    lots of room to move up

    Cons

    pay is low, work keeps increasing

    Advice to ManagementAdvice

    needs work life balance

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    A great experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor Trainee in Washington, DC
    Former Employee - Financial Advisor Trainee in Washington, DC

    I worked at Merrill Lynch full-time (less than an year)

    Pros

    They provide a lot of resources to get you licensed as well as support from a mentor, and other PMDs in the program. It is definitely a team environment.

    Cons

    Once you are licensed, you are pretty much on your own. Unless you are able to team up with a senior advisor, or you have a lot of contacts with money it is extremely difficult to build a book. It is not impossible, but extremely difficult.

    Advice to ManagementAdvice

    It would have been great to have more help in attracting clients in addition to the licensing preparation.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    PMD Program

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

    I worked at Merrill Lynch full-time (less than an year)

    Pros

    Great exposure to numerous high-net-worth individuals

    Cons

    Hurdle rates are too high for most people to be able to pass the program

    Advice to ManagementAdvice

    lowering hurdle rates

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Wealth Management Division - Client associate intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Associate (FP) in Washington, DC
    Former Employee - Client Associate (FP) in Washington, DC

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

    Pros

    Learnt a tremendous amount, payed

    Cons

    Very masculine environment, women not always respected. Somewhat bored some days, training takes a long time and does not always apply to specific position.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Sell or die

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Broker In Training in Sarasota, FL
    Former Employee - Broker In Training in Sarasota, FL

    I worked at Merrill Lynch

    Pros

    Good benefits, well-appointed office. There were some really good people in the workplace. The training on the products was decent enough.

    Cons

    Sales above all else. Ethics shmethics. The support from the top was minimal, and the other brokers are competition. The deck was really stacked against anyone hitting the numbers. I'd say 1/20 made it.

    Advice to ManagementAdvice

    I saw many entry level brokers wash out (myself included) who were really skilled. I scored a 98% on my series 7 but couldn't make the cutthroat sales numbers. So use these individuals elsewhere? No, just chuck them by the wayside. That squanders amazing potential.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Just be good at sales.

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

    I worked at Merrill Lynch full-time (more than an year)

    Pros

    Some good training, and a decent salary.

    Cons

    Its a full on sales position-if you can't influence people, its not the job for you.

  9.  

    Good 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

    Good compamny to work for. Good Benefits, promotions opps.

    Cons

    work like balance could be improved.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Very competitive environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Representative in Seattle, WA
    Former Employee - Account Representative in Seattle, WA

    I worked at Merrill Lynch full-time (less than an year)

    Pros

    A lot of smart people and best in the industry. These guys know their business and are as knowledgeable as anyone.

    Cons

    Training program will leave you questioning if they care about your success in the long term. Should give more guidence to help new employees.

    Advice to ManagementAdvice

    Have more meetings to keep your new employees in the loop. Dont just make them sit around and try to figure out things on their own

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Cubical Farm

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

    I worked at Merrill Lynch full-time (more than an year)

    Pros

    fast paced and teamwork culture

    Cons

    cubical farm, put your head down and answer calls

    Advice to ManagementAdvice

    streamline learning

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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