Intelligent Advisor

Merrill, UBS, Scottrade Top List of Best Places to Intern

Merrill Lynch and UBS Financial Services ranked 16th and 20th, respectively, on a list of the top 20 best places to intern, according to online jobs and career community Glassdoor. The financial services firms did not make the list last year. Online brokerage Scottrade ranked for the second year in a row, taking 14th this year. 

But the list is dominated by tech companies including Google (No. 1), Microsoft (fourth), Intel (eighth), Cisco (10th) IBM (12th) and Amazon (15th).

The list was based on thousands of company and interview reviews shared by recent interns at these companies.

Merrill Lynch received an intern satisfaction rate of 3.9 out of 5.0, with 5.0 being very satisfied. The firm scored a 2.4 out 5.0 for interview difficulty, with 5.0 being the most difficult. The average monthly base pay for an intern at Merrill is $1,544, according to the list, compared to Google’s software engineer interns at $6,432.

UBS scored a 3.6 out of 5.0 for satisfaction, and a 2.3 for interview difficulty. Meanwhile, the average UBS intern is banking $2,047 a month.

See how these satisfaction scores compare to WealthManagement.com’s annual Broker Report Card Survey, where reps themselves grade their firms. Overall, UBS scored an 8.2 out 10, with 10 being the highest level of satisfaction, while Merrill scored a 7.3.

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Diana Britton

Diana Britton is the Managing Editor of WealthManagement.com and REP. Magazine, covering asset management and independent broker/dealers from all angles. A native of Los Angeles, she now lives in...

Megan Leonhardt

Megan Leonhardt is senior editor for WealthManagement.com and REP. magazine, reporting on national brokerage firms and the independent advisor landscape, as well as regulatory...
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