Merrill Lynch Reviews | Glassdoor

Merrill Lynch Reviews

Updated May 21, 2017
636 reviews

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636 Employee Reviews

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Pros
  • They promote and encourage work life balance (in 93 reviews)

  • Friendly colleagues; Dynamic environment; Was offered rotational program so I learned a lot of stuffs (in 71 reviews)

Cons
More Pros and Cons

  1. Helpful (1)

    "Registered Client Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Client Associate in New York, NY
    Current Employee - Registered Client Associate in New York, NY
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Good pay, experience, and competitive atmosphere

    Cons

    Very intense working life with long hours

    Advice to Management

    Hire more associates


  2. "Marketing Project Manager"

    Star Star Star Star Star
    • 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
    Approves of CEO

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

    Pros

    Great people, beautiful campus, gym. Honor system aka assigned work must be done. There is no babysitting to see how many times you have stepped out to smoke or use a bathroom. Do not abuse the system.

    Cons

    Benefits are getting less affordable. It is hard to get promoted or get a raise. Not enough funding. Better work| life balance is needed.

    Advice to Management

    provide more opportunities to grow via training. courses and mentoring. These are offered, however there is physically no time to attend or work on personal growth.


  3. Helpful (1)

    "Client Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Associate in Jacksonville, FL
    Current Employee - Client Associate in Jacksonville, FL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Decent hourly starting pay. Flexible hours. Discounts on consumer banking and loan products. Some room for advancement if you work for the right financial adviser and if you are at the right place at the right time.

    Cons

    Training program is not at branch level most of it is all on line. When you are first hired you are get a tremendous amount of compliance training mandates that are do all the while financial advisers expect you to start taking on a full load of work. Not enough time in the day to get everything accomplished.


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  5. Helpful (1)

    "Salary"

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

    Pros

    Uncapped salary potential. Good bonus potential and strong long long long term incentive

    Cons

    Long hours. 11-12 hour days

    Advice to Management

    Foster helpful and informative environment


  6. "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I was a BAML employees for over 10 years, they are very accommodative for work/life balance.

    Cons

    Very large organization that moves slowly.

    Advice to Management

    Management needs to be more nimble in decision making process.


  7. "Senior Registered Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Registered Representative in Jacksonville, FL
    Current Employee - Senior Registered Representative in Jacksonville, FL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Merrill Lynch full-time

    Pros

    Able to obtain series 7 and 66 licenses

    Cons

    Cookie cutter culture
    Unorganized Training Department

    Advice to Management

    Ramp up training department


  8. Helpful (1)

    "Client Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Associate in Houston, TX
    Current Employee - Client Associate in Houston, TX
    Doesn't Recommend
    No opinion of CEO

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

    Pros

    Good 401k plan and health benefits

    Cons

    Extremely stressful, many many office politics, despite being a big company the employees are severely underpaid and over worked in comparison to other financial firms. I've seen many CA's leave the firm for higher paying firms.

    Advice to Management

    Invest more in your employees


  9. "Financial"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Lexington-Fayette, KY
    Current Employee - Financial Advisor in Lexington-Fayette, KY

    Pros

    Upside earning potential as an advisor

    Cons

    It's still a boiler room mentality of sales, sales, sales

    Advice to Management

    None


  10. Helpful (1)

    "Financial advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - PMD Financial Adviser Trainee in Old Bridge, NJ
    Current Employee - PMD Financial Adviser Trainee in Old Bridge, NJ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good base salary, good name to have on your resume. The program gives you all the licensing you'll need for the business.

    Cons

    Bringing in $10 mil or $30k in aum within 1 year seems impossible unless you were born into a rich family.

    Advice to Management

    Be realistic


  11. Helpful (1)

    "Interesting Deals But Very Corporate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Recommends
    Neutral Outlook

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

    Pros

    Interesting deal flow. Smart employees. Easy access to upper management. Smart, relatively easy going work force (with some brutal exceptions).

    Cons

    Lack of mobility. Very corporate. Lack of team building events (this isn't a huge thing for me but no summer event). Getting lost in the shuffle. I was hired as a floating analyst and did not feel there was much room for upward advancement. That said I was assisted with moving into a different firm by my boss.

    Advice to Management

    I do not think there is anything that will change with this review, it is a huge investment bank.


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