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Merrill Lynch

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Merrill Lynch

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Merrill Lynch FAQ

Have questions about working at Merrill Lynch? Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer.

Whether it's about compensation and benefits, culture and diversity, or you're curious to know more about the work environment, find out from employees what it's like to work at Merrill Lynch.

All answers shown come directly from Merrill Lynch Reviews and are not edited or altered.

61 English questions out of 61

November 11, 2021

What is paid time off like at Merrill Lynch?

Pros

Good 401k match (5%), fertility benefits, employee networks, insurance is okay, annual bonuses, 11 paid holidays, good work-life balance, good growth opportunities

Cons

managers in sales roles are micromanagers and ineffective leaders, solely numbers based.

Good 401k match (5%), fertility benefits, employee networks, insurance is okay, annual bonuses, 11 paid holidays, good work

November 11, 2021

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January 20, 2021

Does Merrill Lynch offer relocation assistance?

Pros

Inclusive culture and nice benefit package

Cons

Very little path for advancement except management or sales (FA route)

Inclusive culture and nice benefit package

January 20, 2021

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May 20, 2021

Does Merrill Lynch offer dental insurance?

Pros

Benefits like health and dental average but paternity leave was great

Cons

Management/Politics/Red Tape/Everything else very stingy place to work. Massive layoffs constantly

Advice to Management

Out with the old and in with the new cannot run a company in 2021 on 1990's culture

Benefits like health and dental average but paternity leave was great

May 20, 2021

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March 8, 2022

Does Merrill Lynch offer family leave?

Pros

Great benefits including 16 weeks paid maternity leave; Tuition reimbursement and lots of support for obtaining education

Cons

Experience is very dependent on the personality of your FA/team; Can feel pushy with "selling" Bank of America products and services

Great benefits including 16 weeks paid maternity leave; Tuition reimbursement and lots of support for obtaining education

March 8, 2022

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February 13, 2021

Does Merrill Lynch have a pension plan?

Pros

-licensing -potential The management does have meeting to try to control the ‘pain points’ of the job

Cons

-zero control of schedule -huge call volume along you zero time to breathe -management acts like overworking their employees is completely normal The problem is is this is a job where the pain points can’t be controlled. You’re for the most part not speaking to people that know anything about the stock market. Mostly older people trying to take advantage of their company match in their 401k. Trying to defend overly bureaucratic companies that take months to send pension paperwork, etc. It’s a rote, tiresome, and thankless job. The only way you can win here is by doing EXACTLY what they want you to do with an overenthusiastic attitude for about the max one year that it’s tolerable and then move to another department if enough people passed their exams after you. I would not do this job again if my life depended on it. If you’re the salesy type and can stomach an obvious transition job putting up with constant abuse from callers who know nothing about the stock market and take around 100 phone calls a day and have a great attitude about it go for it. I couldn’t do it.

Advice to Management

Management was fine, it’s not really their fault that the job just inherently sucks and you have to work harder than you should really have to because people can’t put in the work to pass their series 7. I eventually got fired over some silly excuse but I’m honestly not mad about it, I’m extremely happy and well compensated and less stressed in the job that I got after. But you really have to consider if you’re the type of person to deal with this job. Some people are, a lot of people are not. Good luck

Trying to defend overly bureaucratic companies that take months to send pension paperwork, etc. It’s a rote, tiresome, and thankless job.

February 13, 2021

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61 English questions out of 61

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