20 Merrill Lynch Interview Questions and Answers

Prepare for the types of questions you are likely to be asked when interviewing for a position at Merrill Lynch.

When it comes to interviews, preparation is key. And when you’re interviewing with a specific company, it’s important to do your research and be prepared to answer questions about that company.

If you’re interviewing with Merrill Lynch, you’re in luck. We’ve compiled a list of some of the most common Merrill Lynch interview questions, with sample answers to help you prepare for your interview.

From questions about your experience and qualifications, to questions about Merrill Lynch itself, we’ve got you covered. So read on, and get ready to ace your interview.

Merrill Lynch Interview Process

The interview process at Merrill Lynch is generally long and difficult, although this varies depending on the position you are applying for. For entry-level positions, expect to go through multiple rounds of interviews, including a phone screen, webcam interview, and in-person interview. The questions asked will be mostly behavioral analysis questions, designed to gauge your commitment level and ability to work under pressure. For more senior positions, the interview process may also include a presentation or pitch component. Overall, the interview process is very competitive, so be prepared to answer tough questions and sell yourself as the best candidate for the job.

1. Why do you want to work at Merrill Lynch?

This question is a great way for the interviewer to learn more about your interest in their company. They want to know what you like about Merrill Lynch and why you’re excited to work there. To answer this question, think of specific aspects of the company that appeal to you. Consider mentioning any values or goals that align with your own.

Example: “I’ve always admired Merrill Lynch’s commitment to customer service. I believe that every client deserves to be treated with respect and given the best possible advice. I also love the idea of working at a company where teamwork is highly valued. I’m confident that my skills as an investment advisor would benefit from being part of such a collaborative team.”

2. Do you have any experience working with clients in the financial industry?

This question is a great way to show the interviewer that you have experience working with clients in similar positions. Use your answer to highlight any previous work experience and how it prepared you for this role.

Example: “I worked as an investment advisor at my local bank, where I helped clients create financial plans and find solutions to their money problems. This experience taught me how to communicate effectively with clients and gave me valuable insight into what they want from their advisors.”

3. What does integrity mean to you?

This question is a great way to determine if the company’s values align with your own. When answering, it can be helpful to reference specific examples of how you’ve demonstrated integrity in the past.

Example: “Integrity means being honest and trustworthy at all times. In my previous role as an investment advisor, I had many clients who were new to investing. To help them feel more comfortable, I would always explain why I was making certain recommendations or what risks they should be aware of. This helped build trust between myself and my clients, which led to many referrals.”

4. When was a time that your team failed and how did you handle it?

This question is a great way to show your problem-solving skills and ability to learn from mistakes. When answering this question, it can be helpful to mention how you used the experience to improve yourself or the team.

Example: “When I was working as an assistant manager at my previous job, we had a client who was unhappy with our services. They were threatening to take their business elsewhere unless we could resolve the issue. We met with them and tried to find out what they wanted, but they weren’t satisfied. After talking with some of the other employees, we found that there was a misunderstanding about one of the products they purchased. We offered to refund the product and give them a discount on another purchase. The customer was happy with the resolution.”

5. Tell me about a situation when you had to explain something complex to someone who didn’t understand. How did you approach it?

This question is designed to assess your communication skills and ability to explain complex concepts in a way that’s easy for others to understand.

Example: “When I was working as an investment advisor, I had a client who wanted to invest in stocks but didn’t know where to start. I explained the different types of stocks and how they work, then helped them choose which type would be best for their financial goals. They ended up choosing a mutual fund because it was more cost-effective than buying individual stocks.”

6. What is an example of a time where you went above and beyond for a client?

This question is a great way to show your dedication and commitment to customer service. When answering this question, it can be helpful to mention a specific client or situation where you went above and beyond for them.

Example: “I had a client who was looking to invest in some stocks but didn’t have much experience with investing. I spent an hour on the phone with him going over different strategies he could use to make his investments more successful. He ended up making a lot of money from those stocks because of my advice.”

7. If we were looking through your phone, what would we see that shows us you are dedicated to helping people?

This question is a great way to show your interpersonal skills and how you can help others. When answering this question, it’s important to highlight the ways in which you’ve helped clients or customers in the past.

Example: “I would see that I have saved all of my client’s contact information so I could easily reach out if they ever needed anything. In fact, I still keep in touch with many of my former clients, checking in on them and seeing how their lives are going. It makes me feel good to know that I was able to help someone achieve financial stability.”

8. Describe a time where you worked hard on a project but still failed, how did you handle it?

This question is a great way to show your ability to learn from mistakes and grow as an employee. When answering this question, it can be helpful to mention how you used the experience to improve yourself in the future.

Example: “In my last position, I was tasked with creating a new marketing campaign for our company’s newest product. I worked hard on the project, but when presenting it to my team, they didn’t like it at all. I took their feedback seriously and went back to the drawing board. After some more research, I came up with a much better idea that ended up being very successful.”

9. Have you ever been rejected by a customer or prospect? How did you deal with it?

This question is designed to assess your interpersonal skills and ability to handle rejection. When answering this question, it can be helpful to provide a specific example of how you handled the situation and what steps you took to improve your customer service or sales techniques.

Example: “When I first started in my current position as an investment advisor, I had a client who was very unhappy with his portfolio. He felt that he wasn’t getting enough returns on his investments and wanted me to change his portfolio to include more risky stocks. I explained to him why I didn’t feel that would be a good idea for him at this time and offered to meet with him again after six months to review his portfolio.”

10. Explain the difference between a stock and a bond.

This question is a basic knowledge test that the interviewer may ask to ensure you have a strong foundation in financial concepts. Use your answer to highlight your understanding of these two types of investments and how they differ from one another.

Example: “A stock represents ownership in a company, while a bond is essentially an IOU between the issuer and the investor. Stocks are riskier than bonds because their value can fluctuate based on the performance of the issuing company. Bonds, however, offer more stability as they’re backed by the issuing company’s assets.”

11. Are you comfortable talking over the phone?

The interviewer may ask this question to determine if you have experience talking with clients and prospects over the phone. If you do, they will likely want to know how comfortable you are in that situation. To answer this question effectively, describe a time when you had to talk on the phone for an extended period of time.

Example: “I am very comfortable talking on the phone because I worked as a sales representative at my previous job. My company required me to make cold calls every day, so I got used to speaking to people who were not expecting to hear from us. I also found that by being friendly and positive, I was able to get more appointments than other representatives.”

12. How do you stay informed on current market conditions?

Merrill Lynch wants to know that you’re actively engaged in the financial markets and can keep up with current events. Your answer should show your interest in learning about new developments, as well as how you stay informed on a daily basis.

Example: “I have several subscriptions to online publications and newsletters that I check every morning before work. I also subscribe to an app that sends me alerts when there are any major changes in the market. I find this helps me make more informed decisions throughout my day.”

13. What kind of things make you uncomfortable?

This question is designed to determine how you react to uncomfortable situations. It’s important for a company like Merrill Lynch to know that you can handle challenging situations and adapt quickly. In your answer, try to explain what caused the discomfort and how you overcame it or learned from it.

Example: “I’m not comfortable with public speaking. I’ve always been nervous about talking in front of groups, but I’ve worked hard to overcome this fear. I took a public speaking class in college and volunteered to give presentations at work. Now I feel much more confident when I have to speak in front of others.”

14. We often call our customers, how do you feel about that?

This question is a great way to see how the candidate feels about customer service. It’s important for Merrill Lynch representatives to be friendly and helpful when speaking with customers, so it’s important that you show your interviewer that you’re willing to do this.

Example: “I enjoy talking to our customers because I find them to be very interesting people. They have unique stories and experiences, which makes me feel like I’m learning something new every time I speak with them. I also love being able to help them achieve their financial goals.”

15. Merrill Lynch has strong values; which value sticks out most to you? Why?

This question is a great way to show your understanding of the company’s values and how they align with yours. When answering, make sure you choose a value that shows you understand what Merrill Lynch stands for as a company.

Example: “Merrill Lynch has an incredible commitment to integrity, which I think is one of the most important things in business. Integrity means doing the right thing even when it’s not easy or convenient, and I believe this is something everyone should strive for. In my last position, I had a client who was having some financial difficulties. Instead of selling them high-risk investments, I recommended a more conservative portfolio that would help them achieve their goals without putting too much risk on their finances.”

16. Is there anything holding you back from being successful?

This question is a great way to show your interviewer that you are self-aware and willing to improve. When answering this question, it can be helpful to mention something specific about yourself that you want to change or work on in the future.

Example: “I think there’s always room for improvement, but I feel like my biggest weakness is not being able to say no. If someone asks me for help, I find it hard to turn them down. However, I am working on learning how to politely decline requests when they’re too much for me.”

17. What are some tools you use to help manage your time?

Time management is an important skill for any employee to have. The interviewer may ask this question to see if you can prioritize your tasks and meet deadlines. Use examples from previous jobs where you used time management skills to complete projects on time or highlight how you use certain apps or software to help manage your schedule.

Example: “I find that using a calendar app like Google Calendar helps me stay organized and plan my week ahead of time. I also use the Pomodoro Technique, which involves working in 25-minute increments with five-minute breaks between each one. This has helped me focus on work more effectively and avoid distractions.”

18. Would you be okay with making cold calls?

This question is a way for the interviewer to assess your willingness to make sales calls and connect with potential clients. It’s important that you are honest about whether or not you enjoy making cold calls, but it’s also important that you show enthusiasm for the position if you’re willing to do so.

Example: “I’m actually quite good at making cold calls because I’ve done it before in previous positions. However, I prefer to focus on connecting with people who have already expressed interest in my services. If Merrill Lynch has an existing client base, I would be happy to reach out to them and see if there are any ways I can help.”

19. Where do you see yourself in 5 years? 10 Years? 20 Years?

This question is a great way to gauge the applicant’s career goals and aspirations. It also helps you determine if they are looking for long-term employment with your company or just a stepping stone in their career.

Example: “I see myself working here at Merrill Lynch for many years to come. I am very passionate about my work, and I love helping clients achieve their financial goals. In five years, I hope to have achieved my CFP certification and be managing a team of wealth advisors. In 10 years, I would like to be running my own branch office. And in 20 years, I hope to be an executive board member.”

20. What types of investment products interest you?

This question is a great way to show the interviewer that you have an in-depth knowledge of the company’s products and services. It also allows you to demonstrate your ability to learn new things quickly.

Example: “I am very interested in fixed income securities, as I find them to be one of the most stable types of investments. In my previous role, I was responsible for managing several clients’ portfolios, including their bond holdings. I found this process to be quite enjoyable, as it allowed me to help people achieve their financial goals while learning more about the world of finance.”


20 Schnucks Interview Questions and Answers

Back to Interview

20 STERIS Interview Questions and Answers