Merrill Lynch is now a subsidiary of Bank of America, which is one of the largest financial institutions in the world. This division has proven to be a strong arm of Bank of America and provides quality services related to wealth management, brokerage, and investment banking. The company was founded in 1914 and is headquartered in New York. Its clients include individual consumers, small and middle market businesses and large corporations from all over the world. Merrill Lynch provides solutions in banking, investing, asset management and other financial and risk-management. About 60,000 employees are working in 40 offices around the world. Merrill Lynch internship programs are offered to potential students so that they can gain an introduction of the banking world. Paid summer and other internships are offered by Merrill Lynch according to the well-structured program provided by the Bank of America. Summer internships last typically for nine weeks.
Merrill Lynch Internship Benefits
Interns who get a chance to work at Merrill Lynch enjoy world-class structured training and development. The work environment and culture are very positive and provide ample opportunities for career growth. Merrill Lynch internships have great emphasis on research sector and trains interns for the same. You get to work with talented some of the most talented people in the finance industry. The interns learn how to develop business relations and sell financial services. Several projects are assigned at once so that management skills are polished along with developing the ability to work effectively as an individual and as part of a team. In some cases, the interns prepare and deliver presentations to actual clients, which can be valuable in finance. Several training sessions are organized and they are made obligatory for the interns to attend. The name recognition of Merrill Lynch in the finance industry makes your resume worth considering to future employers.
Merrill Lynch Internship Opportunities
Merrill Lynch offers a number of internships to new talent. Internships are offered in the following areas:
- Global Markets
- Investment Banking
- Capital Markets
- Corporate Banking
- Global Treasury Solutions
- Global Research
- Corporate Treasury
- Credit Risk
- Market Risk
- Quantitative Management
- Human Resources
The following Merrill Lynch internship programs are offered:
- Summer Internships – This program starts in June and ends in August. Two types of internships are available in this program:
- Analyst Internships
- Associate Internships
- Off Cycle Internships
- This program lasts for 3-12 months depending on the nature of the internship
- Industrial placements
- This program lasts for 3-6 months.
Merrill Lynch is always accepting applications for numerous internship programs worldwide. Interested candidates are requested to visit company’s website and apply for an internship in their area of interest.
Interesting Information about Merrill Lynch Internships
Merrill Lynch has 15,000 financial advisors which is more than any other financial institution. It is also known to be the world’s largest brokerage firm because it possesses client assets worth $2.2 trillion. Merrill Lynch’s evolvement over the years is also looked upon with great respect. It has been called “The Most Important Financial Innovation in Years” by Fortune magazine.