Merrill Lynch

  www.baml.com
  www.baml.com

Merrill Lynch Reviews

Updated November 19, 2014
Updated November 19, 2014
1,213 Reviews
3.6
1,213 Reviews
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
339 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 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

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  1. 1 person found this helpful  

    Vice President

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Hopewell, NJ
    Former Employee - Vice President in Hopewell, NJ

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

    Pros

    Good pay; easy to hide under the radar; a booming industry; they have money to burn

    Cons

    You often work for idiots; people at the top can make dumb decisions and everyone else must scramble to make it happen. There are smart people there, but they are few and far between. If you find a department with intelligent people, STAY THERE. Bad work life balance. It's all about face time in the office. Hard to break into the old boy network, which runs deep.

    Advice to ManagementAdvice

    Trim the fat. Reward those who deserve it.

    Doesn't Recommend
    Positive Outlook
  2. 2 people found this helpful  

    High employee turnover for a reason

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

    I have been working at Merrill Lynch full-time

    Pros

    Pay is okay. You stand a good chance of making decent money if you work on a team with high revenues. In general, many people in the company have great personalities, which can make coming to work a little better. Great tech support.

    Cons

    It doesn't take long to see why the office has extremely high employee turnover rates. After only three months of working at Merrill Lynch, I felt like I had worked my entire life in a tedious dead-end position with no opportunity for advancement. Low-level managers are inept at handling anything before it becomes a pressing issue, and constantly display their lack of concern for employee development or support. CAs and administrative roles are expected to immediately handle the fast-paced work environment without any training. Top-down communication is terrible. All too often, employees are not aware of policy or process changes until they spend hours on the phone trying to fix an issue. On the bright side, though quite a few FAs can be self-righteous scrooges, you can wallow in the misery of your position with fellow lesser-paid, friendly colleagues.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    "Good Place to Work"

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    "Collegial working atmosphere, ability to work on global initiatives, large size of company promotes diverse career opportunities, great life and work balance for the financial service industry

    Cons

    No cons, this was a great place to work. Management looks out for the best interest of their employees. I recommend this place to anyone looking for employment in the industry

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  5.  

    Fun

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    Good compensation and good culture

    Cons

    Hard Work and long hours

  6. 1 person found this helpful  

    It has been a great experience with lots of effective training.

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

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

    Pros

    Great benefits, ability for growth quickly

    Cons

    difficulties in working with a large bank

    Advice to ManagementAdvice

    more training regarding technology

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    PMD Training program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - PMD Financial Advisor in Charlotte, NC
    Current Employee - PMD Financial Advisor in Charlotte, NC

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

    Pros

    Its what you make of it.

    Cons

    Cold calling day in day out. 80-90% failure rate for program.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Good company to work for... However...

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

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

    Pros

    The company is decent to work for. Good support system.

    Cons

    As for financial & investment advisory sales... the market is way too fragmented. Unless you know many millionaires (or you come from a family with 10mm in investable assets), starting out in this field is extremely difficult.

    Advice to ManagementAdvice

    It's time to consider what happened to Kodak.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Wealth Management Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Management in Miami, FL
    Current Employee - Wealth Management in Miami, FL

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

    Pros

    If you like the Financial Markets Industry, it is a great place to start acquiring experience. The company sponsors your licenses and textbooks. Every week they host a "lunch and learn", other companies come to offer their financial products and you get a chance to watch and learn from their presentation.

    Cons

    Sometimes there could be too much workload. It all depends on the Financial advisor you are working with and the type of clients he/she has.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Administrative Manager

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

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

    Pros

    Work/Life Balance is great
    Enjoy team atmosphere
    Great colleagues

    Cons

    Pay vs what is expected of you

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good place to learn

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch

    Pros

    Plenty of intellectual capital here

    Cons

    Provide more mentor-ship for new employees

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