Ivy Exec
49 W38th Street, Floor 12A New York NY 10016
Customer Support 1 (888) 551-3444 Toll Free
Customer Support (212) 431-3969
Elena Bajic
2006

(11)

5 stars

(56)

4 stars

(41)

3 stars

(58)

2 stars

(5)

1 star

Recommend to a friend

59%

Say this is a great place to work

57%

Proud to have on resume

71%

Most Helpful Positive Review

Former employee - Analyst

The culture at Bank of America Merrill Lynch is very solid. Senior management keeps employees updated on the latest news. The various departments are also very well organized. The company also maintains a positive work/life balance.

Most Helpful Critical Review

Former employee - Analyst

Bank of America Merrill Lynch is currently in the mix of changing and refocusing their business. With so many ongoing changes, it can be a bad time for a person to come into the organization. However, it is still a great company and has great vision for the future.

Former employee - Group Managing Director and/or Partner

Stop providing investment advise to international clients. With all the money laundering laws and regulations it is not worth advising people how to avoid paying taxes back at home. Just like we don't like Americans who avoid paying US taxes, we should not encourage foreigners doing the same at their countries of origin. Fines can be hefty and all they do is encourage poverty back home.

Former employee - Group Managing Director and/or Partner

Everyone knew who BofA was and how important it was for them to have their accounts opened and managed by the largest Bank of the world.

Former employee - Group Managing Director and/or Partner

Used to be very strong. This is something that over the years and with the sale of the Bank basically disappeared. During my days, we were all very proud of belonging to AP Jeanine's Bank. Best years of my life.

Former employee - Analyst

Company needs to change work life balance.

Former employee - Analyst

Make sure the team is leg envy Merrill because the quality and caliber of people are higher

Former employee - Analyst

Very smart people and mostly collaborative environment. Politics and bad personality from some senior people. Overall great for learning

Former employee - Vice President

At the time I was there, too many senior people were related.

Former employee - Vice President

There was an insider's club which was very hard to crack.

Former employee - Analyst

There is a LOT of pressure to sell. They are numbers driven, not client driven

Former employee - Analyst

Need to be able to work under constant pressure to perform without a lot of guidance

Former employee - Analyst

High pressure. Very critical. Lack of communication. Has very good training program, but very little hands on help. Very competitive

Former employee - Analyst

This was a good company to work for; the team I worked for was very well organized. The only thing I would change is to include more full-time workers.

Former employee - Analyst

You'll find that the company is very well organized. Management has a commitment to helping employees be the best they can be, which makes working at this company very rewarding.

Former employee - Analyst

The culture at Bank of America Merrill Lynch is very solid. Senior management keeps employees updated on the latest news. The various departments are also very well organized. The company also maintains a positive work/life balance.

Former employee - Associate

Not many opportunities to advance

Former employee - Associate

It can be great if you make the right moves at the right time

Former employee - Associate

More money driven than people focused

Former employee - Group Managing Director and/or Partner

More focus needs to be spent on developing the right culture. The talent turnover has been extraordinary at all levels. This has impacted the bench strength of leadership at the firm. Branch and regional leadership are receiving strethch assignments way too soon. This impacts cutural development. Culture is the tie that binds employees to the organization. There is no loyalty. FAs have the flexibility to leave and garner a paycheck. The leadership has fewer places to go due to fewer firms in the industry.The bank thinks anyone can manage the branch offices. The developmental track for manager selection is flawed. The growth of actual FAS in the industry despite recruiting is stagnant at around 300,000 registered reps. Its a virtual cycle of endless recruiting from each other without any real value being created for these firms. Look at Bof As stock price since 2008 The performance has been dismal. Banks have never been good at growth and should not manage the Private client or Institutional space.

Former employee - Group Managing Director and/or Partner

During my tenure promotions were hard to come by. There was bias, nevertheless my performance was so outstanding there was no denying my accomplishments.The control is in the hands of finance and legal. Leadership controls very little of their operating budgets thus expense management has very little flexibility. Merrill is still hyper competitive. Pace yourself so you don't burn -out. Take time to continue to grow despite the obstacles that you will be faced with in the firm. Everyday was a war and I liked it!

Former employee - Group Managing Director and/or Partner

Culture needs immediate attention.