Merrill Lynch Reviews in Jersey City, NJ | Glassdoor

Merrill Lynch Jersey City Reviews

26 reviews

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Jersey City, NJ

26 Employee Reviews

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Pros
  • They promote and encourage work life balance (in 93 reviews)

  • Friendly colleagues; Dynamic environment; Was offered rotational program so I learned a lot of stuffs (in 71 reviews)

Cons
More Pros and Cons

  1. "very good"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Corp Action Specialist in Jersey City, NJ
    Current Employee - Corp Action Specialist in Jersey City, NJ
    Recommends
    Approves of CEO

    Pros

    good benefits, good evnirnment for nice place

    Cons

    a lot of pressure, not always a team environment

    Advice to Management

    more team roll


  2. "Great Environment to Learn & Grow, Poor Balance of Work / Life Ratio"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Specialist in Jersey City, NJ
    Former Employee - IT Specialist in Jersey City, NJ
    Recommends
    Disapproves of CEO

    Pros

    Incredible place to learn about new technologies
    Great environment for building your career
    Wonderful opportunities to learn about the Stock Market industry and new processes

    Cons

    Stagnet career growth hindered by constant cost cutting, high turnover and the merger between BoFA and Merrill Legacy employees.
    Constant downsizing due to unstable market place
    Very poor balance of work to life ratio

    Advice to Management

    Stop worrying about the stock price of the firm's performance & shareholders and focus more on customer's attention and also provide more employees with direction. Break the walls down between departments to create more synergy between organizations instead of the BoFA & Merrill way!! Constantly cutting back on staff every two to three years to save on costs only hurts the firm creditabily and constantly causing them to lose top talent.

  3. "great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Quality Assurance Analyst in Jersey City, NJ
    Current Employee - Quality Assurance Analyst in Jersey City, NJ
    Recommends
    Approves of CEO

    Pros

    Great mangement and healthy enviornment

    Cons

    Salary and other benefits are less for the consultants

    Advice to Management

    Salary should be competitive


  4. "Merrill Lynch was a good place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sourcing Manager in Jersey City, NJ
    Former Employee - Sourcing Manager in Jersey City, NJ
    No opinion of CEO

    Pros

    Very supportive group in IT sourcing - great senior management, and good mid-level competence

    Cons

    Compensation relatively low compared to other large banks for support services.

    Advice to Management

    Minimize the distinction between bankers and rest of staff


  5. Helpful (1)

    "A great big myeh"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in Jersey City, NJ
    Former Employee - Operations Analyst in Jersey City, NJ
    No opinion of CEO

    Pros

    Good Brand Name to put on resume
    HR structured employment and program very well so you got to network
    Overall got to see and work on fairly large things that you may read in the news

    Cons

    Some of the people I worked with were the most incompetent and socially awkward people ever. of course that type of thing may be expected in the back office but this was beyond bad.

    Advice to Management

    Keep doing what you're doing. You managed to take a failing company and sell it to Bofa for a very attractive price to share holders. go capitalism.


  6. "Good place to work"

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

    Pros

    Great work/Life balance, good pay and benefits, friendly colleagues and an overall great place to start a career in the investment industry.

    Cons

    There needs to be more internal recruiting to help further talented young employees' careers. Management needs to interact with lower level employees on a higher basis.

    Advice to Management

    Management needs to be more candid an open with employees. Pay can be raised a bit to be more in line with similar positions at other firms.


  7. "Software developer"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    No opinion of CEO

    Pros

    if u want a good technical shop with less pressure and pay, with work life balance. this is the place.

    Cons

    if are hungry for growth, then this is not the place. promotion and raises are very slow and you need to put at least a decade to see things happening.

    Advice to Management

    i think management is doing a great job with having good quality employees, giving them a good work life balance.

  8. "Zzzzz."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager - Managed Accounts in Jersey City, NJ
    Current Employee - Portfolio Manager - Managed Accounts in Jersey City, NJ
    Approves of CEO

    Pros

    -Compensation
    -Benefits
    -Vacation
    -Commute (If you like the train)
    -Coworkers are very nice

    Cons

    -Not very challenging
    -Monotonous
    -A monkey could do this job.
    -You will probably be replaced by a programming macro in 5 years.
    -Unless internet surfing is a valuable skill on a resume, you won't be gaining much here.

    Advice to Management

    Promote Senior members before hiring others over current employees. Although not entirely needed, more meetings about the goings-on in our business would be nice.


  9. "Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Jersey City, NJ
    Current Employee - Vice President in Jersey City, NJ
    Recommends
    Approves of CEO

    Pros

    People, culture and pay. Great balance of work and good quality of life. Industry leader in the wealth management space.

    Cons

    Since the merger with Bank of America, there has been significant turnover at the senior management level. Loss of culture?

    Advice to Management

    Of course everyone would like to be paid more. More communication from senior management. More efficient decision making process. Less turnover at senior management- perhaps pay them more?


  10. "Be Wary of Merrill"

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

    Pros

    good work-life balance, talented people

    Cons

    see advice to management comments

    Advice to Management

    Encourage open communication by management, ask for feedback from employees more proactively, be more transparent about compensation expectations, be consistent about promotions, encourage mobility within the firm


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