Compare Merrill Lynch vs Bank of America BETA

See how working at Merrill Lynch vs. Bank of America compares on a variety of workplace factors. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. All salaries and reviews are posted by employees working at Merrill Lynch vs. Bank of America. Learn more about each company and apply to jobs near you.
Merrill Lynch company icon

Merrill Lynch

Bank of America company icon

Bank of America

Employee Ratings

  • Merrill Lynch scored higher in 1 area: Career Opportunities.
  • Bank of America scored higher in 6 areas: Overall Rating, Work-life balance, Culture & Values, CEO Approval, % Recommend to a friend and Positive Business Outlook.
  • Both tied in 2 areas: Compensation & Benefits and Senior Management.
Overall Rating
(full-time and part-time employees only)
Overall Rating
(full-time and part-time employees only)
3.9
(based on 3292 reviews)
Overall Rating
(full-time and part-time employees only)
4.0
(based on 24068 reviews)
Career Opportunities
Career Opportunities
3.9
Career Opportunities
3.8
Compensation & Benefits
Compensation & Benefits
4.0
Compensation & Benefits
4.0
Work-life balance
Work-life balance
3.6
Work-life balance
3.8
Senior Management
Senior Management
3.5
Senior Management
3.5
Culture & Values
Culture & Values
3.8
Culture & Values
3.9
CEO Approval
CEO Approval
Merrill Lynch Ceo Brian T. Moynihan
91%
91%Brian T. Moynihan
CEO Approval
Bank of America Ceo Brian T. Moynihan
92%
92%Brian T. Moynihan
% Recommend to a friend
% Recommend to a friend
74%
% Recommend to a friend
80%
Bank of America employees rated their % Recommend to a friend 6% higher than Merrill Lynch employees rated theirs.
Positive Business Outlook
Positive Business Outlook
63%
Positive Business Outlook
72%
Bank of America employees rated their Positive Business Outlook 9% higher than Merrill Lynch employees rated theirs.

Salaries

Bank of America has 33,282 more total submitted salaries than Merrill Lynch.
Salaries for similar jobs
Salaries for similar jobs
Client Associate284 Salaries
$50,883/yr
PMD Financial Advisor913 Salaries
$63,407/yr
Assistant Vice President242 Salaries
$104,594/yr
Salaries for similar jobs
Teller1831 Salaries
$15/hr
Relationship Banker770 Salaries
$20/hr
Vice President758 Salaries
$126,605/yr

What Employees Say

  • "Work life balance" was the most mentioned Pro at Merrill Lynch.
  • "Great benefits" was the most mentioned Pro at Bank of America.
  • Bank of America had 555 more reviews than Merrill Lynch that mentioned "Work life balance" as a Con.
Pros
Pros
"Work life balance"(in 154 reviews)
"Work environment"(in 144 reviews)
Pros
"Great benefits"(in 2606 reviews)
"Good benefits"(in 1611 reviews)
Cons
Cons
"Long hours"(in 109 reviews)
"Work life balance"(in 80 reviews)
Cons
"Work life balance"(in 635 reviews)
"Upper management"(in 503 reviews)
Featured Review

Current Employee - Financial Advisor

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

Pros

Supportive management Great benefits Possibility to build your own business within Merrill

Cons

Competitive targets Senior FAs often try to take advantage of FADPs

Advice to Management

FADPs struggle with operational and customer service issues while they should be mainly concentrating on growing their book of business. CA help or partnership with bigger teams that have Customer... Associate would be very helpful on a daily basis.

"Great place!"Dec 1, 2020

Former Employee - Relationship Manager

I worked at Bank of America full-time

Pros

Good people and benefits for employees.

Cons

Lots of goals, manager asking about goals every hour.

Job Postings

Bank of America has 2,414 more recently posted open jobs than Merrill Lynch.