Skip to main content

Merrill Lynch

Merrill Lynch

[Edit]

Assessment Day

[Edit]

Credit Crisis 2008: WikiJob is unable to verify any of the information on pages relating to Merrill Lynch of Lehman Brothers because of the unprecedented financial events of 2008. We will edit these pages as and when we have further information.

Merrill Lynch is an investment bank that provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. There are more than 50,000 employees in 36 different countries. The company currently holds over £293bn of assets under its management worldwide.

Merrill Lynch was founded by Charles E Merrill and Edmund C Lynch, who met at the New York YMCA in 1907, shared a boarding-house room together, before starting a business partnership.

Core Business

[Edit]

Merrill Lynch core lines of service are:

Graduate Programme

[Edit]

About 140 graduates are hired every year in the UK, divided into the firm's key divisions:

Of these, Investment Banking has the largest intake.

Merrill Lynch graduate programmes start with an intensive two-month training and orientation programme at the company's global headquarters in New York, no matter where you are planning to work. Training includes an introduction to financial markets and an overview of core key business-skills. There is also a computer training course, and one week of preparation and tutorials for the Financial Services Authority certification exam. You will subsequently return to your local office which for most European Merrill Lynch recruits is likely to be London. Other principal European offices are in Dublin, Frankfurt, Madrid, Milan, Paris and Moscow.

Whilst on training graduates are paid the normal ML salary and provided free accommodation whilst living in New York.

Graduates are reviewed at the end of two years' service and are given contract extensions if promoted. Just over 80% of graduates have their contracts renewed.