Merrill Lynch Reviews in New Jersey | Glassdoor

Merrill Lynch New Jersey Reviews

Updated August 14, 2017
173 reviews

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New Jersey

3.5
StarStarStarStarStar
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Approve of CEO
Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
48 Ratings

173 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. "My Time with Merrill Lynch WM"

    StarStarStarStarStar
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Contractor - Wealth Management Consultant in Florham Park, NJ
    Former Contractor - Wealth Management Consultant in Florham Park, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    - Informed & educated staff
    - Frequent opportunities for continuing education
    - Friendly working environment

    Cons

    - Minimal peer to peer interaction
    - Lack of clear performance review


  2. "GWIM Sr. Operations Rep."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - GWIM Senior Operations Representative in Pennington, NJ
    Current Employee - GWIM Senior Operations Representative in Pennington, NJ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great place to work, Enjoyable Team

    Cons

    Not much room to grow within the company

    Advice to Management

    Nothing much i can say, Keep up to good work mentoring candidates

  3. "good not great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Phone Representative in Pennington, NJ
    Current Employee - Registered Phone Representative in Pennington, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    good entry level opportunities
    company pays for licensing and study materials

    Cons

    lot of wages based compensation jobs for supposedly professional positions
    lots of red tape

    Advice to Management

    hire less contractors. they tend to screw things up and cause head aches for the permanent employees


  4. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Pennington, NJ
    Former Employee - Manager in Pennington, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Merrill Lynch (More than 10 years)

    Pros

    - Work is enjoyable
    - Teamwork is key

    Cons

    - Culture changed once Merrill Lynch was acquired by Bank of America

    Advice to Management

    Chill; it's not brain surgery


  5. Helpful (1)

    "Over a Decade of experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst in Pennington, NJ
    Current Employee - Senior Analyst in Pennington, NJ
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Merrill Lynch full-time (More than 10 years)

    Pros

    Great Health Insurance (BCBS, Aetna etc) and Parental Leave benefits (16 weeks)

    Cons

    You need to work 15 years before you can get additional non paid vacation time
    Difficult to find positions where you can grow and make $
    Lot's of Internal competition for Positions
    Average salary is below other companies
    High Turn Over Rate
    Corp Culture has changed negatively since BOA took over
    Would rather lose you than retain you

    Advice to Management

    Stop treating us like cattle. We are more than just a number


  6. Helpful (2)

    "Client Account Services (CAS) and Tax Reporting Services (TRSD)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Pennington, NJ
    Current Employee - Operations Analyst in Pennington, NJ
    No opinion of CEO

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

    Pros

    CAS pros - great people to work with
    TRSD pros - great management skills

    Cons

    CAS Con - scale of 1 to 5 (5 being the highest) training is a 3, lack of effective management skills, very stressful enviromenent
    TRSD Con - alot of favoritism, very clique-ish set of individuals, training is horrendous


  7. "Retirement Benefit Contact Center"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Team Manager in Pennington, NJ
    Current Employee - Team Manager in Pennington, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Merrill Lynch full-time (More than 5 years)

    Pros

    Excellent benefits and employee discounts, meaningful work, excellent entry level opportunity.

    Cons

    Management tasks assigned beyond capacity regularly - necessitating long hours for completion or reduced capacity to assist agents.

    Advice to Management

    Hire correct number of managers and do not expand their tasks beyond reasonable capacities.

  8. "Great place to start a career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in Pennington, NJ
    Current Employee - Registered Representative in Pennington, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good place to get experience and get licensed

    Cons

    Low pay compared to other firms


  9. Helpful (1)

    "Glorified sweatshop"

    StarStarStarStarStar
    Current Employee - Client Service Representative in Pennington, NJ
    Current Employee - Client Service Representative in Pennington, NJ
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    The fact that I have a job and the employee benefits.

    Cons

    - No work/life balance due to obsessive mandatory overtime
    - Management is incompetent
    - Too much favoritism and nepotism
    - You're just another number in the organization and treated as such

    Advice to Management

    Understand employees have a life outside the company


  10. "Operations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Operations Specialist in Hopewell, NJ
    Current Contractor - Operations Specialist in Hopewell, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Merrill Lynch as a contractor (More than a year)

    Pros

    There is work to do and people willing to train and answer questions. Good research business can learn about the business up to a point via intranet. Good community support efforts. Papers and talks available on diversity and inclusion.

    Cons

    No information shared by management on direction or goal setting on individual level. Contract pay super low. Diversity and inclusion not priority on operations level. Contractors treated as outsiders for events and celebrations. Based on networking events attended there are better opportunities and respect offered in other depts.


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