Merrill Lynch Wealth Management, a subsidiary of Bank of America, stands as one of the largest financial advising companies in the United States. Including over 15,000 extensively trained associates, workers independently manage more than $2 trillion in client assets.
Facts About Working at Merrill Lynch
Minimum Age to Work at Merrill Lynch: 18 years old (How old do you have to be to work at Merrill Lynch?)
Merrill Lynch Hours of Operation: Available 24 hours a day, 7 days a week
Available Positions at Merrill Lynch: Customer Service Representative, Teller, Relationship Banker, Business Insurance Agent, Business Services Officer, Employee Benefits Insurance Agent, SSI Financial Advisor, Information Security Officer, Corporate Banker, Mortgage Servicing Rights Representative, Assistant Portfolio Manager, Collections Representative, Payment Solutions Product And Sales Manager, Wealth Management Agent, Mortgage Loan Officer, Private Financial Services Advisor, Investment Counselor, Financial Center Leader, Problem Loan Administrator
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Merrill Lynch Job Opportunities
The financial services company hires and develops successful, talented workers who undergo one of the most comprehensive employee training programs in the industry. Known as PMD, or practice management development, the award-winning onboarding program typically lasts between 36 and 43 months and prepares associates with the knowledge and skills necessary for success as financial advisors. Merrill Lynch seeks entrepreneurial, self-motivated individuals to build and manage businesses and make meaningful differences by enabling clients to live financially secure and productive lives.
Client-focused Individuals holding bachelor’s degrees may apply for entry into the PMD program and begin the track toward becoming registered financial advisors. Other positions remain available within the company as well, such as client relationship managers. Obtaining entry-level jobs with Merrill Lynch may lead to rewarding career opportunities with unlimited growth potential, as promising candidates receive access to jobs and promotions with the renowned parent company. Employees enjoy working in positive, energetic atmospheres with supportive supervisors and great work/life balance options.
Open Positions and Wages at Merrill Lynch
Employees with diverse backgrounds, such as sales, accounting, military service, athletics, and real estate, stand encouraged to apply for entry into the PMD program or for other jobs at Merrill Lynch. More information on available job positions follows:
PMD Financial Analyst – Individuals completing the rigorous PMD program graduate as financial analysts capable of helping clients pursue financial goals. Qualified candidates demonstrate high performance, previous work in professional settings, enterprising spirit, perseverance, and customer service standards, registration for series 7 and series 66 exams, and preferably Chartered Financial Analyst and Certified Financial Planner certifications. Yearly salary packages of $55,000 represent typical earnings for the job. Essential duties include developing skills to stay on track with regular monthly evaluations, assessing customer needs and collaborating with team members to deliver personalized service to Merrill Lynch and Bank of America clients, promoting investment, banking, and lending products, cultivating personal development, and performing to company service standards.
Client Relationship Manager – Client relationship managers function as members of teams handling securities and funds processing, wire transfers, trade corrections, and review of client financial transactions. Responsibilities include fulfilling client needs, balancing risk and exposure, representing Merrill Lynch to customers and regulators, reviewing client relationships for approval, and training client associates and service support staff. Employees must hold comprehensive knowledge of company products and services, such as trend analysis and risk assessment. To receive qualification, candidates must hold at least five years of prior professional job experience, applicable financial licenses, understanding of regulatory requirements, customer service skills, and knowledge of investment products such as 401(k) plans, mutual funds, and trusts. Workers typically earn salary packages close to $85,000 a year.
Tips For Applying
Prospective associates looking to begin careers in the financial services should apply online. Web-based application forms require individuals to complete electronic job profiles, which save personal information and allow employment seekers to upload resumes and cover letters. The hiring process begins with recruiters calling eligible candidates for phone interviews. Prospective workers who pass initial phone screenings receive invitations to interview with multiple supervisors and hiring managers in face-to-face settings at company offices.
Job seekers may check on application statuses by viewing updates on electronic profiles created at the time of application. Company recruiters tend to contact eligible individuals soon after application submissions; however, candidates may not find ways to contact hiring personnel to follow up or ask about the status of submitted applications. Online applications remain on file for a long period of time, so individuals who do not receive job offers may re-apply once desired positions open up at later dates.
Merrill Lynch Employment Benefits
The generous work benefits available to eligible associates include industry-leading on-the-job training, comprehensive healthcare packages with medical, vision, and dental insurance, health savings accounts, life insurance, and flex spending accounts. Additional employee benefits, such as 401(k) retirement plans, stock options, extended maternity leave, adoption assistance, and generous paid vacations, remain available to full-time workers. Employment benefits packages may vary slightly with tenure and specific job title.
More Details about Merrill Lynch
Merrill Lynch fully supports the charitable efforts of parent company Bank of America. Such community-based initiatives invest in workforce development, helping young adults find the education and employment opportunities needed to succeed in life. Developing neighborhoods through investments in affordable housing and homeowner assistance programs also help enrich disadvantaged local communities. The company also donates philanthropic support toward hunger relief and shelter for homeless individuals.