Merrill Lynch

www.baml.com
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Merrill Lynch Reviews in San Diego, CA

Updated February 4, 2015
Updated February 4, 2015
8 Reviews
2.6
8 Reviews
Rating Trends

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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
8 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

8 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1.  

    Wealth Management Intern

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

    I worked at Merrill Lynch

    Pros

    Looks good on resume, fast paced environment, good colleagues to work with, learned about the markets

    Cons

    Work gets repetitive, lots of cold calling, stock brokers can be too cocky. annoying.

    Advice to ManagementAdvice

    try to get the brokers to engage the interns in more, more diversified work besides cold calling and entering net worth valuations.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    PMD Financial Advisor

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

    I have been working at Merrill Lynch full-time

    Pros

    If you can make it in the industry on your own, this job gives you a lot of flexibility and solid infrastructure. You could build whatever type of business you like.

    Cons

    The program is a joke because PMDs are set up to fail. There is no real training and it takes longer to teach yourself the ropes than is possible with the absurd hurdle requirements. Times have changed and if you are looking to build your skills, you would probably have better luck at an online brokerage which is more cost effective for customers and a much easier sell.

    Doesn't Recommend
    Neutral Outlook
  3. 1 person found this helpful  

    Too big to fail

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

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

    Pros

    Safe and well established company, i.e. job security

    Cons

    Because of size some thing take forever to get approved due to amount of hoops one has to jump through.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Volatile management and structure

    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 5 years)

    Pros

    a well known entity (company name)

    Cons

    influx of changes from Bank of America were distractions to client focus and service

    Advice to ManagementAdvice

    don't merge ML into BofA, will impact client loyalty.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    No Problems

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

    I worked at Merrill Lynch as a contractor (less than a year)

    Pros

    Paid on time without incident

    Cons

    I have no Cons for this employer

    Advice to ManagementAdvice

    None

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    I leanrt a lot about the financial industry.

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

    I worked at Merrill Lynch

    Pros

    It has a very competitive enviroment and there is a lot to learn about the financial services and market

    Cons

    less opportunities to move up

    Advice to ManagementAdvice

    more responsibilities to interns and encouraging more team work

    Recommends
    Approves of CEO
  8. 1 person found this helpful  

    Great Internship

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

    I worked at Merrill Lynch

    Pros

    My internship mostly consisted of really helpful, kind individuals who would be great mentors to anyone considering a career in financial services. The financial advisors seemed very contented in their jobs and those higher up the food chain made great livings while setting their own hours. The advisor I was assigned to generally worked 10am to 3pm and no one seemed to ask any questions; as long as he continued to produce, management seems pretty laid back. Client associates, however, seemed much more stressed out, but were still friendly.

    Cons

    The initial process of generating a book of business involves a lot of cold calling and has a high rate of attrition.

    Advice to ManagementAdvice

    Not much--the senior manager I worked for has since left, but he did a great job managing the region.

    Recommends
    No opinion of CEO
  9.  

    A great place to get your feet wet!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in San Diego, CA
    Current Employee - Anonymous Employee in San Diego, CA

    I have been working at Merrill Lynch

    Pros

    If you're looking to get your feet wet in the industry it is a great place to start. You get to learn about the company from the bottom up and see how the business works while being active in learning about the overall market state of mind. You pick up valuable skills in regards to communication with clients, organizational skills, computer skills, and what it takes to be successful in the industry from co-workers, advisors, and management. Each and every day is a new day and has something different going on which makes each day new and exciting as you don't know what to expect. Although similar, they are almost always different.

    Cons

    There are advisors that work for themselves and there are some which group together to form teams. Ultimately a lot of you liking what you do depends on if you like the advisor(s) you work for and get along with them. The growth opportunities within the company are possible but again it will depend on the advisor(s) you may work for and even the management that runs the office. Like all jobs one must be willing to grind it out and pay their dues in order to understand the industry and see if it is the right fit for them.

    Advice to ManagementAdvice

    Management does a good job in being able to explain what is required of an individual and what knowledge that must be learned in order to further help Merrill continue to be the top industry player. There are communication problems between management and staff which leads to tensions when situations are not fully addressed such as compensation levels towards the end of the year, the mysterious rating scales, and individual reviews.

    Recommends
    No opinion of CEO

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