Merrill Lynch Reviews

Updated April 19, 2015
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  1. Wealth Management Intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    -Advisers around office were very friendly and willing to help
    -Lots of opportunities to make connections

    Cons

    -Little time was spent getting to know about the Merrill Lynch Philosophy and Business model

  2. Interesting view into investment banking technology.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)

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

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

    Pros

    A few good people working there in low level roles.
    Free coffee and tea.
    Some good courses available.

    Cons

    Very poor quality technical team leadership - the worst I've seen sadly.
    Long standing team members protect role by not sharing information.
    Huge number of Director level staff who would not be at that level in any other bank.
    Very high turnover of staff.
    Low investment in technology - for example, still using Solaris.
    Poor communications both within teams and between teams.
    Poor team morale.
    Large technical debt but this could be due to the low quality project management (Python won't save you).

    Advice to Management

    I think you should look at why you seem to have people with no technical experience in charge of software projects. In London, several teams are lead by what amount to little more than junior BAs who have to defer all questions to the technical teams and who promise projects on dates that are no more than guesses. Unfortunately these people have been in post for a long time and clearly know they're on to a good thing given their skill-set.

    Maybe you should also look at why your graduate recruitment drive in technology results in so many failing systems; is it you don't train them or they're not up to the task in the first place? Either way you should consider it.

    Why so many infrastructure and release engineers too?

  3. Helpful (1)

    Great Name, Nice Staff, Useless Work

    Current Intern - GWM in New York, NY
    Current Intern - GWM in New York, NY

    I have been working at Merrill Lynch as an intern (less than a year)

    No opinion of CEO
    No opinion of CEO

    Pros

    It's a nice name to have on your resume. The atmosphere was friendly.

    Cons

    Cold-calling all day every day was extremely mundane. This was not a learning experience. They had low-level work that needed to be done, the intern is the one to do it. They don't have time to teach you anything so any learning has to be done through observation or inquisitive conversation with FAs. Other interns on different teams got to be a lot more involved in the business and it was frustrating to be on a team that would not allow that.

    Advice to Management

    Get your interns more involved. Diversify their duties so they're not left braindead by the end of the day from listening to a dial tone for 7 hours. Set a standard internship program so all interns can expect the same duties instead of winning or losing the lottery depending on their team. Make it a learning experience.

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  5. great company with kind ambience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    great company with kind ambience and flexible schedule

    Cons

    sometimes you have to be stressed out

  6. Like most banks, culture is going down the drains

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking Associate in Hong Kong (Hong Kong)
    Former Employee - Investment Banking Associate in Hong Kong (Hong Kong)

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good people. Interesting projects to work on. If you are starting in Finance this is an excellent place to be .

    Cons

    A lot of management issues. MDs and above are clutching their hands on the desk and do not want to promote mid level people. Turned into a high paying, grind job.

    Advice to Management

    Make sure your mid level workers, are promoted and groomed for the succession. There is a feeling that what once a meritocracy is turning into a cesspool of mediocrity

  7. Helpful (1)

    Understaffed and workflow is not managed properly.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Banking Analyst in New York, NY
    Current Employee - Investment Banking Analyst in New York, NY

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    The analysts you work with are great.

    Cons

    MD's ask for a lot of unnecessary items.
    You are asked to work on things over the weekend because the MD did not plan ahead of time.
    Everyone wants to quit once they start working there

    Advice to Management

    There should not be more MDs/Dsd than Analysts. There should be a pyramid structure.

  8. Stay away unless you're well-connected

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

    I worked at Merrill Lynch

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good brand name to have on your resume, nice office space, nice weather

    Cons

    You need to raise a 30 million dollar portfolio within three years, so unless you're well-connected, there is literally a 95% chance you will fail and be fired.

    Advice to Management

    Stop exploiting workers to make profits. It undermines morale and makes the company environment hostile.

  9. Client Associate

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

    I have been working at Merrill Lynch

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

    Pros

    Good comp, very flexible hours.

    Cons

    No negatives about this position.

  10. If you are interested in only sales, then you'll succeed

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

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

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Benefits, training, work-life balance, done at 4pm,

    Cons

    limited personal growth, not highly educated people in advisory since they are majorly focused ion sales, very limited knowledge of finance

  11. Excellent place for young employees

    • 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
    Recommends
    Positive Outlook

    Pros

    I learned so much working under an FA. Good exposure to all asset classes and assisted in the managing of millions of dollars a couple years out of school. Great launchpad to become an FA yourself.

    Cons

    Long work hours. Stress. Assignments have to be perfect. Pay isn't as great at the entry level in comparison to the upper level.

    Advice to Management

    More leadership programs or structure would go a long way in retaining employees. Make it more of a social environment.

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