Merrill Lynch Reviews

Updated August 13, 2015
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417 Employee Reviews

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  1. Associate

    • Work/Life Balance
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Professional,well-compensated, clear career path and numerous opportunities

    Cons

    Long hours, lots of roadblocks in getting things done


  2. Mediocrity...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Easy to get ahead if you are willing to work hard

    Cons

    Tons of mediocre people who are not advancing and will not help your career


  3. Many jobs to move to

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook

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

    Pros

    large company where one can expand

    Cons

    If you are stuck in the wrong department, it can be a career ender


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. High stress environment and detail oriented

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

    Pros

    Stable job Strong back office support Reasonable salaries Compensation bonus

    Cons

    High stress environment depending the the FA you work for Competitive colleagues also depending on the team you're on Management is a hit or miss, luckily my current manager is supportive and communicates well Extremely detail oriented


  6. Analyst

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good working environment, strong work ethics

    Cons

    Work politics a bit overwhelming


  7. Helpful (1)

    Good job out of college

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Client Associate
    Current Employee - Registered Client Associate
    Doesn't Recommend

    I have been working at Merrill Lynch full-time (More than 3 years)

    Pros

    Easy way to learn a lot about finance in a short period of time. They will sponsor you for Series 7 and 66 for free.

    Cons

    Experience will vary widely depending on advisor(s) you work for. Dead end job if you want to move towards analytics or portfolio management. Most CAs are lifetime administrators with little mobility. Bank of America really changed the direction of the company.

    Advice to Management

    Hire more support staff. Most CAs are way overworked and dont seem to enjoy their job very much


  8. VP

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Engineering in New York, NY
    Current Employee - Vice President Engineering in New York, NY
    Recommends
    Positive Outlook

    I have been working at Merrill Lynch full-time (More than 5 years)

    Pros

    The technology organization in Merrill Lynch is very innovative and fast moving. They do reward doers very well both in terms of money and promotions.

    Cons

    This is a highly competitive and cut throat environment and you really have to be at your best at all times to survive. So if you are looking for a relaxed pace of work, this may not be the place for you.

    Advice to Management

    It will be good if you can start providing an environment that can accommodate people who do a very good job but are not as ambitious and driven as some of the others. This way you will get a good balanced team.


  9. Wealth management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Merrill Lynch as an intern

    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


  10. 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.


  11. Associate

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

    Pros

    Good introduction to the world of finance. I learned a lot about finance. Good place to see if it is what you ant to pursue further.

    Cons

    Too big of a company for me. I felt like I was just number. There was not a great del of personal attention.

    Advice to Management

    They could provide more individual attention and more learning opportunities. Better individual mentoring program would be a plus and help one to feel the can and do make a difference.



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