Merrill Lynch - Private Wealth Management Intern | Glassdoor
There are newer employer reviews for Merrill Lynch
There are newer employer reviews for Merrill Lynch

See Most Recent

"Private Wealth Management Intern"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Intern - Wealth Management Intern in Brea, CA
Current Intern - Wealth Management Intern in Brea, CA
Recommends
Neutral Outlook
No opinion of CEO

I have been working at Merrill Lynch as an intern (Less than a year)

Pros

It was great to have it on my resume, but don't expect much because there are a lot of cold calling and paper pushing. Not the best to stay at if you are not expecting to be in this field

Cons

It really depends on your supervisor. I was lucky to have a good supervisor who really took the time to explain everything to me.

Advice to Management

Have a more structured training program for the interns instead of just using them to push papers and cold call.

Other Employee Reviews for Merrill Lynch

  1. "Solid internship experience (private wealth management)"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Merrill Lynch Wealth Management Program Intern in Beverly Hills, CA
    Former Intern - Merrill Lynch Wealth Management Program Intern in Beverly Hills, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    - *Very* dependent on the wealth management adviser you work under and how much responsibility he/she is interested in giving you, as it is a very personal/non-standardized structure with much flexibility
    - For me, this was a pro as I was given a solid amount of responsibility doing equity research for investment opportunities and learning the Bloomberg Terminal (very valuable as a rising sophomore), but YMMV
    - Very flexible hours with only 20 hours per week/3 days per week, but again YMMV based on your manager
    - Although minimum wage, still make money

    Cons

    - Still a not insignificant amount of grunt work, specifically filing and updating binders and Excel spreadsheets
    - Only paid minimum wage
    - Work was often sporadic and somewhat random, but YMMV as always
    - Didn't get to sit in on very many client/firm meetings


  2. Helpful (2)

    "I was strong armed into the job with promise for a management program, then four months later i was told to move on."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Manager's Assistant in Columbia, SC
    Current Employee - Administrative Manager's Assistant in Columbia, SC
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    The BofA is one of the largest banks in America, which makes it easy to move if you would like to. Merrill Lynch research is some of the best, which is fantastic to have access to.

    Cons

    I got a raw deal on this one, but I think that this is a unique situation and does not reflect Merrill Lynch or BofA as a whole.

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

See Most Recent

Work at Merrill Lynch? Share Your Experiences

Merrill Lynch
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or