Merrill Lynch Reviews | Glassdoor

Merrill Lynch Reviews

Updated December 10, 2017
2,161 reviews

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3.8
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
641 Ratings

2,161 Employee Reviews

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Pros
  • They promote and encourage work life balance (in 102 reviews)

  • Friendly colleagues; Dynamic environment; Was offered rotational program so I learned a lot of stuffs (in 75 reviews)

Cons
  • Work life balance could be really bad for full times (in 55 reviews)

  • Long hours; work itself is not very interesting (in 88 reviews)

More Pros and Cons

  1. "Great colleagues and great benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Investment bank culture within bank of America. many opportunities for advancement. The sky is the limit if you really want to work hard.

    Cons

    Not that I know of.


  2. "Client Service Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Service Specialist in Jacksonville, FL
    Current Employee - Client Service Specialist in Jacksonville, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great benefits and a lot of chances to move up in the company. Very inclusive and diverse business.

    Cons

    Hiring processes and management style are very political and biased in my particular department. Sometimes it is necessary to move departments if you wish to get a raise or move up in job bands.

    Advice to Management

    Don't be so shady.

  3. "Great company itself. Bank of America is a bit too controlling and limiting."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Team Financial Advisor in Pasadena, CA
    Current Employee - Team Financial Advisor in Pasadena, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Allows you to create your own practice or team with other advisors to offer customized services. Best research and support services in the WM industry.

    Cons

    Bank of America attempts to control more and more of your practice and earning capacity. This pushes a lot of advisors to other firms.

    Advice to Management

    Our business is based on relationships and trust. BAC needs to back us up more in being competitive with other services elsewhere and allow us to assist the client to the fullest extent.


  4. "Great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Salt Lake City, UT
    Current Employee - Financial Advisor in Salt Lake City, UT
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    All good stuff is going on here

    Cons

    There is nothing bad going on here

    Advice to Management

    Keep going


  5. "Opportunity to grow"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Pennington, NJ
    Former Employee - Anonymous Employee in Pennington, NJ
    Recommends

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

    Pros

    Work life balance, bonus at higher band levels, professional networking

    Cons

    No different then any other job


  6. "Investment Banking Summer Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great deal flow, fast paced environment, good hours for interns

    Cons

    Work life balance could be really bad for full times


  7. "Good job."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Sacramento, CA
    Current Employee - Financial Advisor in Sacramento, CA

    I have been working at Merrill Lynch full-time

    Pros

    Great benefits, resources, and culture.

    Cons

    Mandatory training can be excessive and boring.

    Advice to Management

    Cut down on some of the training. Unnecessary and boring.

  8. "Pmd Program to become a financial advisor in 2 years"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Merrill Lynch full-time

    Pros

    Its a great company to work for with benefits. Must know how to bring in assets on your own by cold calling or outside source.

    Cons

    Hurdles are extremely hard. PMD program is designed to help the Senior advisors. High percentage of failure in the program. Most of all the senior advisors do not help you unless you pool with them that is the only way you will be able to get help from them. You have to learn on your own and you don't have much time to learn it because production will start.


  9. "Merrill is an Amazing Place to Work"

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

    I have been working at Merrill Lynch full-time (More than 8 years)

    Pros

    The salary, benefits, and 401(k) matching are great. There are opportunities for advancement in Hopewell.

    Cons

    No across the board CoL increase.

    Advice to Management

    Merit Raises across the board, clear explanation of comp in relation to activity


  10. "Overall good place to learn the business"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in New Britain, CT
    Current Employee - Financial Advisor in New Britain, CT
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Excellent research and technology. Strong mentoring programs. Rewarding comp plans. Open architecture. Many different programs to be a financial advisor.

    Cons

    Teaming is very biased to the experienced FA. The new advisor will often take a small cut of the business and then leaves the firm.

    Advice to Management

    Make sure the next generation of advisors are being taken care of. Your future best and brightest are leaving in droves!


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