Merrill Lynch Reviews | Glassdoor

Merrill Lynch Reviews

Updated December 5, 2017
272 reviews

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

272 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. "Operations Analyst"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good benefits. Good work life balance. Three weeks vacation. Decent place to work, good managers, but the company as a whole doesn’t care about employees.

    Cons

    Low pay. No bonuses. Many other firms in area pay more. Fire people for no reason just to make cuts, even if you’ve been there 35 years.


  2. "Client Associate"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Learn about the industry in a sale support position

    Cons

    No upward mobility for career

  3. "PMD Program"

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

    Pros

    If you go sole practitioner route you have complete control...

    Cons

    Zero admin support. You are basically on your own. Production starts one month after you are licensed.


  4. "Bad experience"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Flexible schedule most of the time.

    Cons

    Every one treated you poorly unless you had been there 10 plus years.


  5. "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Merrill Lynch full-time

    Pros

    Work-life balance is pretty good
    Get a chance to make connections

    Cons

    The management is chaotic
    No upward opportunities and too many politics


  6. "lacks vision"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Dallas, TX
    Current Employee - Financial Advisor in Dallas, TX
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    decent benefits, doesn't micromanage, great name recognition

    Cons

    expensive benefits, inconsistent upper management leadership, low level support, invests large amounts of time and energy and budget in known, continual poor new Financial Advisor Development hiring program.

    Advice to Management

    do as you want your Financial Advisors are expected to do.... invest in your business and your Advisors and support staff that are successful


  7. Helpful (1)

    "Wealth Management Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Wealth Management Advisor in Minneapolis, MN
    Former Employee - Wealth Management Advisor in Minneapolis, MN
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Merrill Lynch full-time (More than 8 years)

    Pros

    ML Brand opens doors to new prospects. Marketing material is strong. You have autonomy in establishing the type of business you would like to create.

    Cons

    Too much pressure to incorporate banking into your practice. Compensation is penalized if you don't selling banking products or refer clients to the bank. Leadership is weak. No culture. Too much compliance.

    Advice to Management

    Start listening to the financial advisors. They are on the frontline taking the brunt of the risk for the firm. They need to be compensated for this risk

  8. "Poor Management"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    I worked at Merrill Lynch full-time

    Pros

    Networking Events are nicely catered.

    Cons

    Management not good. Only 2 people made through the "program" who happened to be that their dad also worked at Merrill.


  9. Helpful (1)

    "So-so"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good benefits and a culture of demanding excellence. It's a good place to learn but the level of expectations is very high.

    Cons

    Brutal hours and male dominated culture. Much harder to advance in your career there as a woman. Total boys club.

    Advice to Management

    Tough to reach


  10. "Operations Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Merrill Lynch full-time

    Pros

    This company has decent benefits.

    Cons

    Horrible internal growth. Huge salary gaps for same job functions, micro management.

    Advice to Management

    They don't listen to it anyway. Just like the Associate Surveys.


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