Merrill Lynch

Hi ! I am a high school senior with a 3.7-3.8 gpa and a sat score of 1460. I got a mail from Stevenson Institute of Tech today stating that I've been shortlisted for Priority Application through the college board student search service. I'm not sure as to what that entails apart from a priority...

14 Nov 2020

It is being reported that Bank of America is settling the largest racial discrimination suit against an American company in history of behalf of its Merrill Lynch unit. The settlement amount is said to be $160 million paid out to a class of 700 plaintiffs made up of former Merrill employees. The...

29 Aug 2013

Everyone has a part of their job that sucks, no matter how satisfied they are overall. When it comes to my work here at WSO, this is the part of the job that sucks. After two and half years, the most tiresome thing I have to write about is the stupid shit Wall Street firms have done to contribute to...

29 Dec 2010

Hi. I'd really appreciate your opinions about my first career! I have job offers from ML FICC sales and from Nomura IBD and I'm deciding which one to take. Given I initially wanted to work at IBD, I should take the latter. I heard, however, work experiences at one of the Bulge Bracket companies make...

20 May 2018

http://www.cnbc.com/id/34239400 Anyone think this is gonna make their CEO search immensely easier???

03 Dec 2009

Hey, New to WSO and am looking to recruit for a SA internship next fall. I go to a target school in the east coast but am originally from LA. I decided that I'll probably stay in the west coast upon graduation. I'm looking to ultimately recruit for PE after my analyst stint, therefore Financial...

17 May 2016

If this post seems redundant, I do apologize. I'm just trying my best to gain as much information as possible to increase my chances of getting into IBD. I am entering college this fall at an (Ivy) target school and I've been using Google/WallStreetOasis to research any possible internship...

26 Jul 2016

It is March 10, 2011, and today I read that a German bank is discriminating against a top banker, a "rainmaker," because he is Indian. Anshu Jain is a 48 year old head of investment banking at Deutsche Bank and has generated hundreds of millions of Euros in fees for the bank since 1995. Anshu was...

10 Mar 2011

Deutsche Bank has had a busy week. After poaching an entire deal team from Merrill Lynch, the German bank posted its first quarterly loss since World War II. Unlike their American counterparts, D-Bank officials also had the stones to tell the German government what they could do with their bailout...

05 Feb 2009

This might shed a little more light on yesterday's defection of Greg Fleming and Monday's resignation of Bob McCann. It seems that they weren't interested in becoming "Toaster Salesmen", as the thundering herd has come to regard their new parent company. This is a detailed and very well written...

09 Jan 2009

Hello! I have the following question regarding the choice of a summer analyst internship for the three roles: Merrill Lynch - IBD JP Morgan - S&T Goldman Sachs - IMD institutional sales I think this is particularly a hard decision as I am very interested in all three of them and each of them carries...

20 Dec 2014

Alright for those of us that are about to begin our final year (next week...gasp) in college and are working on recruitment for IB, I figured I'd make a thread so we can keep each other in the "know" as to who's recruiting when and what positions. This is for USA positions as well as UK. Also, for...

18 Aug 2010

A few moments ago, BofA CEO Ken Lewis (our hero) and Merrill's former chief John Thain hashed things out in what was referred to as an "emergency meeting", trying to determine what exactly Thain's future will be at the new Bank of Merrill, or whatever the hell it's going to end up being called....

22 Jan 2009

Hi Everyone, I am graduating in June from a non target state school in the Northeast (Big alumni network) and my goal is to become an Equity Research Associate. I have been networking with 35 invidividuals and tracking my efforts through excel, while at the same time working on a sample report that...

17 May 2017

I have been going through alumni of my school via LinkedIn. I have found many "Vice President-Investments at Merrill Lynch" and "Sr. Vice President"s that work for Merrill Lynch. But, to my understanding, it's actually considered BAML, correct? So, how do I know if these guys are part of IB, and not...

03 Jan 2013

This may sound naive, but I had a question about the recent BofA news concerning the Company's request for more bailout funds. It is my understanding that when the government bailout was announced and individual banks received bailout funds, the market values of investment banks increased. Now that...

15 Jan 2009

Hi all, I have offers from both of these firms for their sophomore programs and I obviously need to pick one (I'm from a target). Here's a breakdown of each: UBS President's: Four 2-week rotationals, each in a different area of the investment bank (IBD, S&T, group tech, office of the COO, etc). BAML...

15 Feb 2012

Before you throw shit at me, yes I have searched this topic I have a phone interview coming up with I believe a VP for a regional Merrill Lynch headquarters. I'm applying for wealth management as all freshman do and was wondering what to expect from the interview. He hasn't said much about the...

22 Feb 2012

Aloha everyone. Next Monday, I have two phone interviews: one with UBS and the other with Merrill Lynch, both in PWM. I met my contacts through my career services director on campus, and they both know I'm looking for an internship. I have a couple of questions. First, what kind of questions should...

08 Oct 2011

Just got an offer for BofA-ML S&T first-year analyst. It's standard (70k base, 10k signing bonus). I'm debating whether to accept -- they haven't mailed me the offer yet so I don't know when it explodes. It's the Credit Trading desk. I was wondering: 1)What kind of bonus should I expect? 2)Anyone...

10 Oct 2009

Word is that BofA/ML private wealth management new hires are not getting drug tested. Can anyone shed some light on this? I have a friend who, in view of this information, has continued to blaze regularly, and we're curious if that's a bad idea. (Note: I'm not here to debate morals or character or...

20 Jun 2009

I am from a midwest target school UC/NU and I've received offers that I'm having trouble debating. I've received offers from name brands such as MS and Citi Chicago but also banks such as BofA and UBS New York. My ultimate goal is to end up in New York for PE. Should I take a Chi summer position...

22 Feb 2010

I have received two offers for a summer internship for this upcoming summer. One is Merrill Lynch and is unpaid--it seems like a great opportunity with a structured intern program (allowing interns to visit the Fed, etc. and holding weekly classes/educational forums for interns). However, it will...

20 May 2010

This argument will eventually grow legs... bye-bye bonuses or bye-bye solvency... http://finance.yahoo.com/tech-ticker/article/1628… who really wants to go into banking right now?

23 Jan 2009

So i have an interview on wednesday for UBS with their corporate cash management group. I understand the general idea of what the group entails however I was wondering if any of you guys had any experience/ knew more in detail of what this group specializes/ specifically does (in particular an...

01 Jun 2010

So... now that tens of thousands of experienced workers are now floating around the street willing to work for peanuts, how screwed are the seniors who are going through the recruiting process now, or are waiting to hear about their SA offers? I feel like why would firms hire kids straight from...

16 Sep 2008

i had a few questions that were out of my curiousity and what goals i should set for myself in the future: 1. i was wondering what are my career options in teh future if i have the given experience: independent investment counsel firm, pwm @ Merrill lynch, and probably corporate cash management @UBS...

01 Jun 2010

Well Ive been offered internships at both companies, I am currently an undergraduate senior. Would it be wiser to take an unpaid internship at Merrill Lynch? Or a paid internship at Scottrade? The Merrill Lynch internship however is only unpaid for the first few months, then I would receive...

18 Nov 2009

Why are there still Merrill Lynch recruiters coming to my college campus? Are they just going through the motions, or is MER actually planning to recruit, interview, and give offers for full time positions? At the event last week, the MER recruiter insisted they will still be hiring for IB,...

23 Sep 2008

Hey guys, I just participated in the study abroad superday for BAML this past Friday. HR said that we would hear back from them by this upcoming Friday about the decision. However, I've heard that BBs often let you know the day of. Has anyone heard back yet? Also, when should I be concerned that I...

11 Dec 2011

I have a ML PWM internship setup for this fall, but my school is not wanting to give me credit for it. ML requires academic credit to be given for their internships, which seems to be the norm after searching WSO. Is there any way around this? Has anyone ran into this problem before?

11 Aug 2011

Hey Im a college freshman currently interning at UBS. Im very smart and eager to build my career. After i finish my internship at UBS i want to get my ass into ML. If i have ML on my resume at such a young age what can i do? Also im a minority. I want people to look at my resume and be like wow you...

02 May 2010

Anybody know the dress code at BAML? I've heard that BofA was business formal (suits required daily), whereas Merrill was business casual (dress shirts and slacks), but that now it is all business formal. Does this mean analysts wear suits everyday? Assuming not, how often is a suit worn (and how...

11 Feb 2010

I cannot understand with one of the biggest events to hit the markets in decades going on. why none is covering anything about Lehman or ML and BofA. Dealbreaker made a point about this and I can't understand why there is no TV news on it. I know hurricane Ike is going on but political news is...

14 Sep 2008

Hello Everyone, I recently met a classmate that is older and is the floor manager at a Management Firm. They manage a bunch of different companies for some "rich old guy," (this is what my classmate told me.) I told him I was looking for a summer internship and he said that he could line me up for...

25 Feb 2013

Experts are estimating that with Bank of America's recent purchase of Merrill Lynch, approximately 27,000 employees will be sent packing(nearly 10% of the total workforce). Although most of the slashes will be to back office operation reps, The Charlotte Observer reports that a decent chunk of those...

24 Sep 2008

Fellow monkeys, I have an interview with Merrill Lynch Canada in 2 days for an Equity Research Associate position. I was wondering if anyone has any information about either Merrill Lynch Canada, their ER group, or general advice on what are some key things to prep for the interview. I've done IBD...

20 Apr 2009

Hey guys, Can anyone shed some light on BoA/ML's Global Investment Solutions group? I have a general offer and was told that we would be having a conversation in the spring if I choose to sign to discuss placement. From my understanding, GIS is Wealth Management's own capital markets group. Although...

15 Nov 2009

Have a first round interview for a AI Origination role w/in Merrill's GWIM division. I saw a review in the interviews section from a HF Origination interview but haven't been able to find anything relating to AI with Merrill. Would like to hear about your experiences during the interview process,...

02 Jul 2014

Would love any insight on the following: Lazard SF (tech) vs. Houlihan LA (TMT) vs. BAML LA (generalist)

03 Sep 2015

This briefly came to mind when the merger was announced, but the curiosity has gotten the better of me, so I'm hoping the experts here can shed some light on this. If some of you recall, FT (amongst others) ran an article in mid-August describing how Merill booked their credit derivative losses...

06 Oct 2008

HCA Holdings rose about 4.0% in its first day of trading. This was very impressive, considering the Dow Jones Industrial Average fell 228 points in the same day (3/10/11). The Dow fell in response to increasing jobless claims, a larger U.S. trade deficit, a larger Chinese trade deficit, and a lower...

11 Mar 2011

The largest student organised conference in Asia focused on corporate finance A global initative by students of the London School of Economics and Political Science (LSE) and Singapore Management University (SMU) 23-24 September 2009 in Singapore The Asia Investment Banking Conference (AIBC) is...

21 Jul 2009

Warren Buffet invested $5B in GS after it became a bank holding company. If Bear Stearns shored up capital and didn't face insolvency prior to being bailed out, would it have prevented Lehman from going under? Would it have stopped the domino effect or would it have been something like final...

24 Sep 2008

Has everyone seen this? Looks like BOA is playing strong defense. http://www.nytimes.com/2011/01/03/business/03wiki…

03 Jan 2011

Recently saw this job posting at BoA ML. Its for 2013 Global Sales & Trading Analyst Program. All is fine, except the job description at the end: Hours Per Week:40.00 Full / Part-time: Fulltime Shift: 1st Shift Though it was funny :) http://careers.bankofamerica.com/JobDetails.aspx?…

01 Nov 2012

I'm a junior at Notre Dame interviewing for sales and trading internships at Bank of America Merrill Lynch and Credit Suisse. Is there any real difference between the two firms in terms of prestige, pay, etc., or would the two programs be pretty much considered the same?

17 Feb 2011

I've got offers on S&T Summer Intern in HK from JP Morgan and Merrill Lynch these two banks. Both on the equity side. How will you choose and why? Thank you!

17 Apr 2020

Hey everyone, I have internship offers from DBGT as a software developer (in their new office in RTP strictly for software), BAML as a program manager (Not definite, but the recruiter noted that it was my preference), and IBM Extreme Blue as a software developer. Coming from an engineering...

16 Mar 2010

Which summer internship would be better for landing a FT at a BB the year after? The Investment SA is specifically under Merrill Lynch, the PWM arm of BofA (but not doing PWM). Thanks!

09 Feb 2019