Merrill Lynch Reviews | Glassdoor

Merrill Lynch Reviews

Updated August 17, 2017
2,041 reviews

Filter

Filter

Full-timePart-time

3.7
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
598 Ratings

2,041 Employee Reviews

Sort: PopularRatingDate

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. "Product Specialist I"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Lynch full-time

    Pros

    Great place to work. Mobility and great benefits.

    Cons

    Red tape with a big company


  2. "Assistant to the Regional Managing Director"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    compensation, work life balance, flexibility, learn a lot, smart diverse people

    Cons

    no career growth, politics, pigeon holed into administrative roles

  3. "Client Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    No opinion of CEO

    I worked at Merrill Lynch (More than 3 years)

    Pros

    Good coworkers, Flexible hours with the team I worked with.

    Cons

    Management was a bit overbearing. Showed favoritism.


  4. "Excellent Company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Client Associate in Charlotte, NC
    Current Employee - Registered Client Associate in Charlotte, NC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great pay/benefits
    Culture of Inclusion
    Office culture is very team-oriented. Most people will bend over backwards to help.

    Cons

    There are always new regulations that complicate the job. But that's the way the business is in general.


  5. "Seasonal Client Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Seasonal Client Associate in Chicago, IL
    Current Employee - Seasonal Client Associate in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    You learn a lot and my team is amazing. Great brand recognition and experience for young professionals looking to get into the Wealth Management world. 401k offered.

    Cons

    No insurance provided for part-time employees and no over-time pay. Computers are a bit outdated.

    Advice to Management

    Update technology, provide insurance for part-time workers, and allow overtime!


  6. "Go into PMD program with your eyes wide open"

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

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

    Pros

    Firm has great public reputation. Salaried compensation while studying for licenses. Great medical benefits and 401(k) match. Full service investment firm, which enables employees to learn a broad array of investments. Good technology and platforms to manage day-to-day financial advisor business.

    Cons

    The PMD sole practitioner hurdles are near ridiculous and unobtainable for the majority of new advisors. The TFA (team financial advisor) track is a better alternative in terms of longevity and making through the entire program. However, if interviewing for that position, know that the cohesiveness of the team is the most important part of your individual success. I have seen some really poor teaming partnerships, certainly more than cohesive ones.
    Some other cons: once licensed, the PMD program training is 95% about sales. There is very little training in products and service. This reflects the focus of the program. If you intend to be successful, you will not be able to spend much time actually working with the clients you bring on board. Most of your time will need to be prospecting, selling and more selling. This is an uphill battle when ML has a new client threshold of >$250K.
    Also, there is more and more pressure from Bank of America to provide referrals to lending and banking solutions. They are now tying it to compensation and there quotas to be met. A lot of senior advisors complain about this but it's clear that this will be the continuing trend. They increase the referral goals every year.

    Advice to Management

    Invest more into your PMDs. Placing them in branch offices, as opposed to market offices, really limits their training opportunities. It can be isolating and their experience is largely dependent on the attitudes and management of the resident directors.


  7. "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

  8. "Financial Advisor PMD"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - PMD Financial Advisor in Sarasota, FL
    Current Employee - PMD Financial Advisor in Sarasota, FL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good benefits, strong training, paid for series 7 and 66

    Cons

    PMD program provides no help to the new employees unless you come from money and bring new assets from your friends and family, or you parents have their own practice and they hire you


  9. "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


  10. "Investment Banking"

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

    I worked at Merrill Lynch full-time

    Pros

    Good brand name and learn a lot on the job

    Cons

    It is a highly competitive culture.


Showing 2,041 of 2,387 reviews
Reset Filters