Merrill Lynch Reviews

Updated August 27, 2015
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1,284 Employee Reviews

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  1. FinancialAdvisor

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

    I worked at Merrill Lynch full-time

    Pros

    Professional environment, exposure to high net worth clientele

    Cons

    A lot of political red tape since BOA bought


  2. Great Opportunity Small Chance for Success

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - PMD Financial Advisor
    Former Employee - PMD Financial Advisor
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Fantastic training program. Tremendous flexibility in your daily work-routine. Expectations and goals are clearly communicated. Meet them and you'll 'survive'. Fail to meet them and you'll be fired.

    Cons

    Product knowledge and ability to establish strong relationships with clients is trumped by your production. Production goals can be a challenge depending on the location and existing personal/professional contacts. Don't expect a free-ride in this 'non-team' environment. There is limited incentive for senior FAs to team with new FAs; however, senior FAs do benefit from new FA failures as the new FA's clients will be re-distributed across the firm.

    Advice to Management

    Resolve the issue of new FA attrition by implementing a Team Financial Adviser (TFA) program that actually works for both the new FA and the existing team. The current TFA program is a step in the right direction but still fails to address attrition for many reasons ranging from not understanding how a team functions to simple greed of more production & compensation.


  3. 401(k) Phone Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - 401k Phone Representative in Pennington, NJ
    Current Employee - 401k Phone Representative in Pennington, NJ
    Recommends

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

    Pros

    Good pay for easy job. They sponsor you to get your series 7,63,66 Lots of overtime Awesome Vacation days

    Cons

    Every second of your day is scheduled Job gets very repetitive You have to wait 1 year from your final test date before you can move around in the company


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  5. Summer Intern

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

    Pros

    Great Place to work Great Culture Got good experience with Bloomberg Very Hands on Fun Place to be

    Cons

    It's a very big company The wealth management division is a little boring Can't get over time hours Not a lot of perks Don't give employees a lot of merchandise

    Advice to Management

    Create larger intern program. Give out Merrill Lynch Merchandise


  6. Great place

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

    Pros

    good comp and benefits, competitive

    Cons

    long hours and some overall drama


  7. Benefit Services Rep

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

    Pros

    Access to large accounts, important people in the industry.

    Cons

    Boys club. Getting better but women are still second class citizens.


  8. Strong investment banking franchise that offered a diverse lineup of investment vehicles

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Tokyo (Japan)
    Current Employee - Vice President in Tokyo (Japan)
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Strong work ethics that supports organic growth from within, good set of people that have dedicated their lives to this company

    Cons

    Overly political, strangled by excessive locations over ideal risk-taking efforts that are not seemed to be overly aggressive

    Advice to Management

    Loosen grip over internal control standards, allow motivation from within to support positive morals.


  9. Senior Financial Analyst

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Happy with my current position and firm

    Cons

    Local management can be frustrating at times.


  10. Helpful (2)

    Financial Advisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - PMD Financial Advisor
    Current Employee - PMD Financial Advisor
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Provide everything needed to launch a career. There is a lot of material to use for marketing, learning and providing a full service practice.

    Cons

    No leads, you are on your own. Once you get clients the firm keeps 60% of revenue. The goals for a new hire are very hard and have become harder with the switch to fee-based platform where you are paid much less upfront to make goals.

    Advice to Management

    Do not trust anyone in the office if they offer to help. Each advisor has a strategy to use you. Be first in the office and last to leave. Buy a call list, find someone to support seminars.


  11. Financial Advisor

    Current Employee - Financial Advisor in West Chester, PA
    Current Employee - Financial Advisor in West Chester, PA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good opportunities to grow as an expert in the field working here at m l and great way to grow and expand and learn

    Cons

    Lots of long hours and work life balance can suffer because of that but still not that bad depending on your situation

    Advice to Management

    I would advise upper management to pay more attention to the advisors over here and more fair focus rather than just banking arm



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