Merrill Lynch Reviews | Glassdoor

Merrill Lynch Reviews

Updated July 18, 2017
2,021 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
587 Ratings

2,021 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 70 reviews)

Cons
More Pros and Cons

  1. "I work with the Resident Director in finding new prospects."

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    I love the people I woke with, and everyone is always more than willing to help. Work environment is extremely important to me.

    Cons

    Because it is a big bank, there are many restrictions to what we are allowed to do in creating new business.


  2. "PMD Program"

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

    I have been working at Merrill Lynch full-time

    Pros

    Great supportive management and coworkers were fantastic

    Cons

    Hurdles were very difficult and a lot of people fail out

  3. "Lost in the woods"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Trader in London, England (UK)
    Former Employee - Senior Trader in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    strong brand still able to attract talent, good bench of juniors, solid tech

    Cons

    politics, bureaucracy and lack of vision


  4. "Awesome coaching and learning environment."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant III in Coral Gables, FL
    Former Employee - Administrative Assistant III in Coral Gables, FL
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Merrill Lynch full-time (More than 5 years)

    Pros

    Great culture, outstanding technical systems for employees and clients. Good environment for mentorship. Good benefits, vacation, medical, retirement. Easy cross selling within different business lines.

    Cons

    Not a lot of compensation associated with the growth potential with in leadership roles. Other than that I really had a great experience at ML, really gave me a great start to my financial career.

    Advice to Management

    N/A


  5. "Great"

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

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

    Pros

    Great perks and people around you.

    Cons

    I do not have any cons for the time being.


  6. Helpful (1)

    "They say they care but they don't."

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

    I worked at Merrill Lynch full-time

    Pros

    They provide good health benefit options.

    Cons

    Management doesn't listen to employees wants and needs. Underpaid compared to competitors.

    Advice to Management

    Listen to your employees wants and needs.


  7. "Financial Advisor - PMD"

    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

    One of the best places to start a career as a Financial advisor. Different tracks

    Cons

    Goals are definitely high. They are really hard to attain if you're not on a team.

  8. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Palo Alto, CA
    Current Employee - Financial Analyst in Palo Alto, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Intellectually stimulating, can work with great clients, broad and deep platform, great research, educational opportunities.

    Cons

    Work is dependent on your team, a lot of compliance, moving towards tutorial-based learning which is "check the box," LOS time periods too long for modern employees and not enough benefits as you move up by spending more time in current roles since they can be limited.

    Advice to Management

    Restructure LOS, reinstate ESPP, allow for payment incentives outside of an analyst's team.


  9. "Investment Banking Analyst"

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

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

    Pros

    Size of the firm and in particular its balance sheet will get you exposure to most significant IB deals -- both corp fin and M&A. Really depends on your industry group though, so choose wisely (if you can). I was in tech group during a time they didn't have as strong of presence as other industry groups. Ask around to friends who are analysts at other banks to get a feel for what groups at what firms seem to be the best. Deals or no deals, you are going to be insanely busy as an analyst, so you would rather your time spent doing relevant work than pitching non-existent business.

    Cons

    Typical analyst stuff...really long hours, hard to have much social life outside of office. I was in CA, so also tended to be somewhat removed from what was happening at the mothership in NYC.


  10. "Friendly Environment"

    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

    Great people to work with, very smart--they know what they're doing

    Cons

    Company culture overall is shifting from wealth management to banking


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