Merrill Lynch Profile

Merrill Lynch Profile

Introduction:
Merrill Lynch is one of the largest financial management and advisory companies in the world. The Company has a global presence with over 63, 000 employees operating in 45 countries and more than 800 offices. The firm is a member of the elite bulge bracket club in investment banking and dominates many aspects of the industry The firm is particularly strong in retail brokerage network and asset management business. (the firm acquired Mecury Asset Management of UK to gain a substantial foothold in European market. But Merrill Lynch, once the undisputed leader of the herd is now in close fight with fellow retail/wholesale financial supermarket Morgan Stanley Dean Witter. The firm has been a laggard in online services and only added Internet trading services in 1999 but now it has aggressive internet plans

Major line of Business:

Investment banking, Financial services

Select Products and Services:

M&A, Underwriting, asset management, retail brokerage

Key Differentiating Factors:

Member of the elite bulge bracket firms in investment banking.
Aggressive internet plans after missing initial action.
Significant player in both the institutional and retail sectors

Financial Statistics:

#19 in FORTUNE 500
1998 Sales: $35,853 million
1-Yr. Sales Growth: 13.0%

1998 Net Inc.: $1,259 million
1-Yr. Net Inc. Growth: (33.9%)

Personnel Highlights:

1998 Employees: 63,800
1-Yr. Employee Growth: 12.7%

Opportunities:

Capital Management, Corporate Finance, Investment Banking, Mergers & Acquisitions, Private Client Services, Sales & Trading, Asset Management, Technology. MBAs are hired as associates.

Contact:

World Financial Center
North Tower
250 Vesey Street
New York, NY 10281-1332
Phone: 212-449-1000
Fax: 212-236-4384
Website: www.ml.com