Merrill Lynch Reviews | Glassdoor

Merrill Lynch Reviews

Updated April 20, 2018
2,251 reviews

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3.7
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
678 Ratings

2,251 Employee Reviews

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Pros
Cons
  • Only negative if so, would be work life balance (in 59 reviews)

  • Some pretty long hours when you first get started (in 91 reviews)

More Pros and Cons

  1. "PMD"

    StarStarStarStarStar
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good pay, you learn a lot

    Cons

    Hard to make it without a partner


  2. "Good Experience"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch part-time

    Pros

    Allowed to gain experience prior to taking on a full time position. This opportunity has allowed me to grow in may aspects.

    Cons

    Can be very fast paced and a high pressure environment.

  3. "Client Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Merrill Lynch part-time

    Pros

    Work/life balance was excellent, and my co-workers were very positive.

    Cons

    All I did was cold call, and I did not learn anything that was expanding the horizons of what I was learning in business school.

    Advice to Management

    Allow interns/client associates more opportunities to show their value.


  4. "ML"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch full-time

    Pros

    This is a great place to work

    Cons

    I do not have any cons to add


  5. "PMD program"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - PMD Financial Advisor
    Former Employee - PMD Financial Advisor
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Merrill Lynch full-time (More than a year)

    Pros

    Great people to work with if you put the effort into getting to know them.

    Very smart and wealthy group of people to work with

    Allow you to study for your exams on the job until you are fully licensed.

    You will have a great, rewarding, and wealthy career if you make it out of the program.

    Flexibility whether that is hours or how you do your work.

    Cons

    Very old school and cold culture.

    People want to help but everyone is looking out for themselves in the end.

    Training is very poor. They expect you to cold call before confidentiality knowing what you are doing or how to do it. No training on the basics. Must figure out everything on your own which is nearly impossible to do.

    Goals are extremely high. You will need to find a way to get lucky or get even luckier.

    Once a PMD it is hard to transition to a team or another role. At least in my office.

    Management looked down upon PMDs. Not in person so that’s a positive.

    Work 24/7 just to have a chance of succeeding. Everything you do and everywhere you go must be a prospect opportunity

    You will feel like a telemarketer. You will have to create your own cold call list, scrub your own list, and do everything on your own. There are no provided lists and no leads.

    Advice to Management

    PMD program needs to have site trainers not FA coordinators. PMDs need to be given some accounts to learn anything. PMDs need to be able to join senior FAs in their prospect meetings to learn how they are conducted. Everything about the PMD program needs to change. Actually get rid of it and only hire TFAs.


  6. "Retirement Distribution"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch full-time

    Pros

    Very friendly and helpful management.

    Cons

    Not flexible with time off.


  7. "Great culture but underpaid"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Associate in Jersey City, NJ
    Current Employee - Client Associate in Jersey City, NJ
    Recommends
    Positive Outlook

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

    Pros

    Great culture, laid back, flexible, management is very receptive to feedback, easy to talk to upper mgmt, strong relationships with loyal clients

    Cons

    Salary /bonuses don't equal how much work we do, underappreciated by some senior advisors

    Advice to Management

    Compliance is too strict. They make us jump through too many hoops to do simple tasks. Very frustrating for a service-oriented business

  8. "Overall Job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Atlanta, GA
    Former Employee - Financial Advisor in Atlanta, GA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Merrill Lynch full-time (More than a year)

    Pros

    Great training. Great culture. They pay for Licensing.

    Cons

    It is a pyramid scheme. They hire 30 FAs with less than a 10% success rate, where the accounts brought in are cannibalized by current FA teams to cover the overhead cost of hiring so many fresh FAs.
    -The sales hurdles are borderline impossible unless you have a rich uncle. Everything you read online about the job is true for the most part.
    -Work Life Balance? I don't think so......

    Advice to Management

    None.


  9. "Account review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Merrill Lynch full-time

    Pros

    Don’t take your job home

    Cons

    Not excited by work at all


  10. "Client Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Associate in Palm Bay, FL
    Former Employee - Client Associate in Palm Bay, FL
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Merrill Lynch part-time (More than a year)

    Pros

    relatively good pay and opportunities for promotion

    Cons

    like any corporation trying to accomplish some tasks can be incredibly tedious due to the command structure


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