Awful place to work compared with some peer banks - Anonymous employee Merrill Employee Review

1.0
27 Jul 2010
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good for CV Learn about new products Diverse employee nationality Speed of response to emails from staff inside/outside your area Staff consulted to contribute to innovation project

Cons

Incredibly bureaucratic structure Zero team spirit Culture of employing every interviewee despite calibre Very poor, slow IT support for staff, constantly have to be followed up to fix problems HR dept. incompetent Culture of continuous intimidation of staff by middle line managers Daily meetings to waste time and force you to work extra hours to get regular duties done Extreme political competition encouraged amongst all levels of staff Overly complicated job procedures; extreme resistance to simplification of job processes Most staff outings employee funded Bonuses given to staff depending on length of service and not performance Successes ignored; mistakes amplified and always reminded of Frowned upon to mix with staff at lower grades Presenteeism problem Required to stay later than normal when visited by all foreign management

Explore other reviews about Merrill

5.0
31 May 2026
Recommend
CEO approval
Business outlook

Pros

Great place to work as a advisor.

Cons

Its hard work and requires alot of time.

1.0
7 May 2026
Recommend
CEO approval
Business outlook

Pros

Good opportunity to get your foot in the door to an amazing industry.

Cons

I joined the industry with the goal to help clients first and foremost because I’m passionate about personal finance and long-term investing. You will absolutely be able to help a handful of clients, but due to monthly sales goals you are encouraged and pressured by upper management to prioritize your sales goals instead doing what is truly best for the client. Typical of a big wirehouse/broker-dealer. It’s all a numbers game for them. It’s sleazy. When you meet with your manager, you will be told how to be a good salesman, not a good advisor. You will not be doing true financial planning here. Your goal is to put clients into CIO portfolios that I myself wouldn’t even bother investing in. With the systems in place, you will run into so many problems that will barely even allow you to do your job in your day-to-day. As I said, it’s a good job to get your foot in the door to an amazing industry, but don’t stay in this role for longer than you have to. If you want to do true financial planning and always do what is best for the client, join an RIA.

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