Merrill Lynch Reviews in San Diego, CA | Glassdoor

Merrill Lynch San Diego Reviews

Updated August 20, 2017
15 reviews

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San Diego, CA Area

4.5
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Merrill Lynch President & CEO of Bank of America Brian T. Moynihan
Brian T. Moynihan
7 Ratings

15 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. "Private Banking and Investment Internship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Intern - Private Banker in San Diego, CA
    Former Intern - Private Banker in San Diego, CA
    Recommends

    I worked at Merrill Lynch as an intern (More than a year)

    Pros

    Working alongside some of the industry's best professionals

    Great exposure to client facing roles and financial markets

    Cons

    Not for everyone, demanding working environment with long hours. I personally loved this aspect of the job.


  2. Helpful (2)

    "Worst company in the world"

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

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

    Pros

    no pros whatsoever, never , anywhere if you're an experienced professional, worked on wall street on the buy side for Lehman and Nomura

    Cons

    lots of them, it is honestly the worst company to work for, products sucks, analysts in NYC are mediocre at best, all they want you to do is open accounts and attend their stupid sales meetings that have no substance, lead by a buck of loser managers.

    Advice to Management

    don't try to sell products to your FA's so they can meet their quotas while these financial products are losing money yoy.
    THINK ABOUT YOUR CLIENTS FIRST NOT HOW MUCH FEES YOU'RE GOING TO MAKE!!!

  3. Helpful (2)

    "Finanial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in San Diego, CA
    Former Employee - Financial Advisor in San Diego, CA
    Recommends
    Positive Outlook

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

    Pros

    Great training program led by supportive intelligent management

    Cons

    Can be difficult to navigate all the resources available to you at times when you are first starting out. If you do not have a product focus when you are first starting out, it can be difficult to succeed when the production requirements intensify down the road.


  4. Helpful (5)

    "Financial Advisor/PMD"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - PMD Financial Advisor in San Diego, CA
    Former Employee - PMD Financial Advisor in San Diego, CA
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Great training pay, fully paid licensing, surrounded by smart people, access to top research.

    Cons

    Limited support once you're licensed. If you don't know the right people or don't already have a book of business you are bringing over to sustain the commission "hurdles" you won't make it. As much as you think you're going to be the next guest on CNBC, you're not. In the words of my manager "you need to be an asset selling monkey."

    Advice to Management

    Figure out how to transition PMD's into FA's realistically. Me and my other PMD colleagues were baffled that you would spend all this time and money to bring us on board and then set goals that 90% of us newbies would fail and be shown the door in 18 months.


  5. "Not bad, but could be much better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor and Vice President in San Diego, CA
    Former Employee - Financial Advisor and Vice President in San Diego, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Great brand recognition. Comfort of a huge, well-established company, with all the prestige and perks associated with it.

    Cons

    Easy to get lost in the bureaucracy. Lots of management overhead.

    Advice to Management

    Increase payout to FAs; eliminate excess bloat


  6. "Great Place for growth"

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

    Pros

    Great support from Senior Vice-presidents

    Cons

    There is a lot of competition, long hours


  7. "If you are interested in only sales, then you'll succeed"

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

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

    Pros

    Benefits, training, work-life balance, done at 4pm,

    Cons

    limited personal growth, not highly educated people in advisory since they are majorly focused ion sales, very limited knowledge of finance

  8. "Wealth Management Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Wealth Management Intern in San Diego, CA
    Former Employee - Wealth Management Intern in San Diego, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Looks good on resume, fast paced environment, good colleagues to work with, learned about the markets

    Cons

    Work gets repetitive, lots of cold calling, stock brokers can be too cocky. annoying.

    Advice to Management

    try to get the brokers to engage the interns in more, more diversified work besides cold calling and entering net worth valuations.


  9. Helpful (2)

    "PMD Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - PMD in San Diego, CA
    Current Employee - PMD in San Diego, CA
    Doesn't Recommend
    Neutral Outlook

    I have been working at Merrill Lynch full-time

    Pros

    If you can make it in the industry on your own, this job gives you a lot of flexibility and solid infrastructure. You could build whatever type of business you like.

    Cons

    The program is a joke because PMDs are set up to fail. There is no real training and it takes longer to teach yourself the ropes than is possible with the absurd hurdle requirements. Times have changed and if you are looking to build your skills, you would probably have better luck at an online brokerage which is more cost effective for customers and a much easier sell.


  10. Helpful (1)

    "Too big to fail"

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

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

    Pros

    Safe and well established company, i.e. job security

    Cons

    Because of size some thing take forever to get approved due to amount of hoops one has to jump through.


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