Merrill Lynch Reviews in Beverly Hills, CA | Glassdoor

Merrill Lynch Beverly Hills Reviews

Updated May 27, 2017
6 reviews

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Beverly Hills, CA

4.0
StarStarStarStarStar
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Approve of CEO
Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
3 Ratings

6 Employee Reviews

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Pros
  • They promote and encourage work life balance (in 94 reviews)

  • Friendly colleagues; Dynamic environment; Was offered rotational program so I learned a lot of stuffs (in 72 reviews)

Cons
More Pros and Cons

  1. "Great People"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Client Associate in Beverly Hills, CA
    Current Employee - Registered Client Associate in Beverly Hills, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Merrill Lynch full-time

    Pros

    The people are great and the position will give you knowledge that will be very beneficial to your future. Pay is decent. Benefits are good- legal, dental, medical, financial recommendations, 401k matching and contribution, firm bonus and FAs have the option to bonus as well. Also, around 3 or 4 times a week, food is provided at no cost.

    Cons

    Management can be tough. When FAs supplement your compensation, you're taxed around 45% of what they give you monthly. They are taxed as bonuses. The 9560 Wilshire office is a bit dark and depressing. Parking is around $180 a month.

    Advice to Management

    Most managers are great, but there is one compliance manager that is unapproachable and has a click with an assistant that isn't exactly professional or inviting to a warm work environment.


  2. "Merrill Lynch GWIM"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Associate in Beverly Hills, CA
    Former Employee - Client Associate in Beverly Hills, CA

    Pros

    Large company, great resources, many opportunities

    Cons

    Complacent, not innovative, not pursuing further growth

  3. "Good atmosphere"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Wealth Management in Beverly Hills, CA
    Former Intern - Wealth Management in Beverly Hills, CA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Surrounded by self-driven and hardworking individuals

    Cons

    Not many office-related activities when I was there

    Advice to Management

    Create more internal events


  4. Helpful (2)

    "Long are the days of Mother Merrill"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Registered Senior Client Associate in Beverly Hills, CA
    Former Employee - Registered Senior Client Associate in Beverly Hills, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Merrill Lynch full-time (More than 8 years)

    Pros

    The Industry was amazing pre-banking world. Where employees were valued and cared for.

    Cons

    Banks don't understand the relationships clients have with us. We are not tellers we have deep meaningful relationships with clients.

    Advice to Management

    Hire the right people, not just to fill the position. A manager from BofA will not necessarily be successful in the brokerage world.


  5. "Learned a lot about finance"

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

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

    Pros

    Worked closely with Bloomberg Terminal

    Cons

    Did not have clear and delineated job

    Advice to Management

    More structured internship program


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

    StarStarStarStarStar
    • 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


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