Merrill Lynch Reviews in Jersey City, NJ | Glassdoor

Merrill Lynch Jersey City Reviews

26 reviews

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Jersey City, NJ

3.5
Star Star Star Star Star
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
4 Ratings

26 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Engaging environment and fun colleagues"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President - Technology in Jersey City, NJ
    Former Employee - Vice President - Technology in Jersey City, NJ
    Recommends
    Neutral Outlook

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

    Pros

    Some very bright people are working at Merrill Lynch. Work/life balance for me was great (I worked remotely from home). Benefits were great.

    Cons

    Bonus payout decreased over the last 5-6 years I worked at Merrill Lynch. Company is in cost cutting mode for the next few years, so job security is a question.


  2. "Big divide between Financial Advisors and Client Associates"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Associate in Jersey City, NJ
    Former Employee - Client Associate in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Nice place to work. They are helpful to teach, and willing to allow relocation. Also depends on your Financial Advisor how well you like job.

    Cons

    Not a lot of camaraderie. They spend no money on their employees, they hold parties that everybody has to bring something. Not Good for morale

    Advice to Management

    You need to invest more time and money into your employees because the morale is at an all time low.


  3. "Assitant Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Neutral Outlook

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

    Pros

    Potential for advancement, good work life balance

    Cons

    Difficult to navigate corporate bureaucracy


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Pleasant Working Environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - .NET Developer in Jersey City, NJ
    Former Employee - .NET Developer in Jersey City, NJ
    Recommends
    Neutral Outlook

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

    Pros

    Good facilities, nice people, friendly and diverse, close to the PATH train and Light Rail

    Cons

    Disorderly distribution of technical personnel, no focus on career development, lack of sense of "moving the business forward". Neighborhood is boring.

    Advice to Management

    Make people work harder.


  6. "Laid Back Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Consultant in Jersey City, NJ
    Former Contractor - Consultant in Jersey City, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Merrill Lynch as a contractor (More than 3 years)

    Pros

    Nice and Easy going people in Jersey city office. Some quality work being done there. So depends on the team you are in.

    Cons

    Too laid back. People working from home a lot of times. Not a lot of front office development happens in this office.

    Advice to Management

    They need to inject more pride and quality in work being produced. Even if not front office development, higher standards and expectations can help people grow. Need to invest in quality trainings.


  7. Helpful (1)

    "Good place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Specialist in Jersey City, NJ
    Former Employee - Senior Specialist in Jersey City, NJ
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Merrill Lynch full-time (More than 5 years)

    Pros

    Good benefits, office culture is good, decent compensation but good work/life balance. ability to interface several domestic internal and overseas teams. Also work with outside brokers. Great ability to network

    Cons

    very uncertain due to all the layoffs. The overfocus on risk prevents the company from educating and encouraging their seasoned employees to do very well. Always seeking ways to cut costs through the use of workforce reductions then rehiring inexperienced workers at a lower salary.


  8. "Software Development Manager"

    Star Star Star Star Star
    Current Employee - Software Development Manager in Jersey City, NJ
    Current Employee - Software Development Manager in Jersey City, NJ

    I have been working at Merrill Lynch full-time (More than 3 years)

    Pros

    It is a good place to work if you want to learn more about the financial service industry. Merrill promotes teamwork and my peers and managers were very supportive so you don't feel like you're going at an enterprise project alone.

    Cons

    There are days that you will work long demanding hours. Sometimes you have to work on the weekends. The benefits are pretty much the same as industry standards.


  9. Helpful (1)

    "ML review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President, SOLUTIONS ENGINEER in Jersey City, NJ
    Former Employee - Vice President, SOLUTIONS ENGINEER in Jersey City, NJ
    Recommends

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

    Pros

    great teams of talented people

    Cons

    risk management practices did not save ML from the 2008 SDO related issues


  10. "avp"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Jersey City, NJ
    Former Employee - Assistant Vice President in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Merrill Lynch full-time (More than 3 years)

    Pros

    good company to work for

    Cons

    none, i was happy working there


  11. Helpful (1)

    "A diverse environment, with a helpful and insightful top brass."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in Jersey City, NJ
    Former Intern - Intern in Jersey City, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The environment was great, a very helpful management. There was independent work allocated all the time in Corporate Actions, each break was solving a puzzle by understanding how things work. Overall great experience.

    Cons

    Salary for the internship wasn't as high, though in the 2008-2009 period the market was not doing exactly well.



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