Merrill Lynch - Terrible PMD program | Glassdoor
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There are newer employer reviews for Merrill Lynch

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Helpful (4)

"Terrible PMD program"

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

I worked at Merrill Lynch full-time (Less than a year)

Pros

They paid for my Series 7 and 66, decent salary while you are studying, great coworkers, not much outside of that

Cons

Unless you love cold calling out of a phone book, this is not the job for you. You are expected to bring in $30 Million in assets in 3 years, with basically no help at all. I suppose if you have a lot of rich friends and family who trust you, you could do alright.

 As a recent college graduate, I had basically no chance. They just hire a bunch of PMDs, have them bring in a few clients, and then fire them. Its all a part of their business model. Unless you can get on a team, your chances of success are about 1%.

"Training" consists of nothing more than watching outdated video from the 90's. Absolutely terrible.

Out of the 7 guys who started at the same time as me, I think there is only 1 still working there, and he is very close to getting the ax. Most PMDs are actively interviewing at other places during their employment with ML.

Advice to Management

Lower sales goals. Put more people on teams.

Other Employee Reviews for Merrill Lynch

  1. Helpful (1)

    "A Former Industry Leader"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Financial Consultant in Fort Lauderdale, FL
    Former Employee - Senior Financial Consultant in Fort Lauderdale, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Merrill Lynch full-time (More than 10 years)

    Pros

    Unlimited earnings potential for the right person.

    Cons

    Former and current management deviated from the firm's core values.

    Advice to Management

    One hundred percent striving to truly meet customer needs is the no nonsense solution to the company's many problems.


  2. "Great way to see how the financial services industry operates."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Wealth Management Intern in Costa Mesa, CA
    Former Intern - Wealth Management Intern in Costa Mesa, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Merrill Lynch as an intern (More than a year)

    Pros

    If you are a student looking for a professional internship, Merrill Lynch is a great company to gain valuable experience in the financial services industry and receive school credit simultaneously.

    Cons

    Expect to do a decent amount of administrative work, which is to be expected for most internships.

There are newer employer reviews for Merrill Lynch
There are newer employer reviews for Merrill Lynch

See Most Recent

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