Been there for almost 4 years. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. You can learn the way things work and how to get answers. Additionally, applicants must be able to pass a background check and drug test. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Help make it more accurate by adding yours. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The average salary of Merrill Lynch is $490,689 in the United States. This can include sending them monthly updates on their accounts, answering their questions and concerns and ensuring they are satisfied with the service they receive. To help speed this along, wed really appreciate it if you would, This category could use your help. Good stuff man, and well written! Additional pay could include bonus, stock, commission, profit sharing or tips. Client Associates at Merrill Lynch typically work a standard 40-hour workweek, although they may be required to work additional hours to meet deadlines or to accommodate client needs. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. One of the bigger producers in my office is a woman who was formerly a It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Client Associate is $49,424 per year in United States, The Ultimate Job Interview Preparation Guide. The average salary for a Registered Client Associate is $68,866 per year in United States, which is 44% lower than the average Merrill Lynch salary of $123,196 per year for this job. Merrill Lynch Client Associate employees need the following skills in order to be successful: Financial Analysis: Financial analysis is the ability to interpret financial data and make informed decisions based on the data. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. Know Your Worth. A. Merrill Lynch Life Agency Inc. merrill lynch A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. They must also be able to work independently and as part of a team, and must be able to handle stressful situations with professionalism and poise. The estimated additional pay is $32,602 per year. Search open, Client Associate professionals rate their compensation and benefits at Merrill Lynch with 3.8 out of 5 stars based on 595 anonymously submitted employee reviews. The best thing is the amount they match, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. One, your FA's recognise the value you bring and they add supplemental comp or other FA's or management recognise your abilities and you get a new team that is willing to pay you more. Web page addresses and e-mail addresses turn into links automatically. Member login! Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Also, you may The estimated additional pay is $48,536 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. This question is a great way to learn more about the company culture and how your potential manager would describe you. Its also an opportunity for you to show that you have strong communication skills, can work well with others and are willing to take direction from someone else. Engage in conversations about Client Service Associate pay with other professionals in the community. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Merrill Lynch Engaged Employer Overview 5.5K Reviews 2 Jobs 8.2K Salaries 1.2K Interviews 1.2K Benefits 25 Photos 1.1K Diversity + Add a Review Merrill Lynch Client Employers ask this question to learn more about your personality and how you might fit into their company culture. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. Averages based on self-reported salaries. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. Three advisors, two CA's, managing around $400 million dollars in assets. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees WebWhen we joined Merrill Lynch we were a team of five. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. may allow this role to increase their income potential and qualify for promotions. Branch managers are responsible for overseeing the day-to-day operations of a branch office, including hiring and training staff, managing client accounts, and ensuring compliance with regulations. Managing Experience: If you are a Registered Client Service Associate We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. There is management, back office, specialist and FA. The CA is there tohelp the FA grow their business. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Thank you very much guys. The estimated base pay is $81,457 per year. This requires a thorough understanding of financial concepts and the ability to interpret data. Corporate compliance and Bank of America oversight. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. Many earning incentives. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. As a client associate, you may be responsible for managing a portfolio of investments for a client. They must also be able to keep up with the latest financial news and trends in order to provide the best advice to their clients. Some related job titles areClient Associate salaries with median pay of $63,784,Registered Client Associate salaries with median pay of $99,848,Registered Client Service Associate salaries with median pay of $74,218,Client Service Representative salaries with median pay of $41,360. The average salary for a Registered Senior Client Associate is $69,121 per year in United States, which is 48% lower than the average Merrill Lynch salary of $134,187 per year for this job. Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. Supportive management. Here's what people are saying about Merrill Lynch. As your abilities grow,one of two things happen. Depending on the team's revenue/, Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, Wells Fargo Advisors Financial Network, LLC, Project Manager, (Unspecified Type / General). Previous experience in the financial services industry is preferred, but not required. They may also reveal information or provide tips on interviewing skill requirements, and other factors that could help when applying for a position at that company. They assist the sales team with sales leads and maintaining (and building on) client relationships. want to consider a lesser job of trading support. What is more prestigious, kpmg or Merrill lynch? But youve got to walk before you can run. Know Your Worth. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. What is the starting salary? The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. Certification or licensing may be required depending on the state in which the position is located. The best thing is the amount they match, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Merrill Lynch Client Associates earn $40,000 annually in Bethesda, MD, or $19 per hour, which is equal to the national average for all Client Associates at $40,000 Management puts you down for voicing concerns and pay is low in comparison to competitors. advisor. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. Is there opportunity to move up? True, it is largely a secretarial position. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. There arealways opportunities to move up. Take 30 seconds to, Feb 19, 2023 - Client Service Representative, Feb 28, 2023 - Registered Client Associate, Feb 15, 2023 - Registered Wealth Management Client Associate, Feb 24, 2023 - Client Service Representative, Feb 7, 2023 - Registered Client Associate, Feb 2, 2023 - Wealth Management Client Associate, Nov 19, 2022 - Registered Client Associate, Feb 2, 2023 - Registered Wealth Management Client Associate, Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. With technology and automation taking over many aspects of the job, client associates must be able to build strong relationships with clients in order to provide them with the best possible service. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. [/quote] On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Salaries at Merrill Lynch & Co Inc range from an We noticed that your web browser is outdated! I work in a lowpaying region and a basic, non-registered CA gets little. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. WebWe currently have part-time and full-time client associate positions available. Any and all feedback and general experiences welcome. Merrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. The average salary for a Client Associate is $49,424 per year in United States, which is 46% lower than the average Merrill Lynch salary of $92,224 per year for this job. A Merrill Lynch Client Associate typically has a wide range of responsibilities, which can include: The salary for a Client Associate at Merrill Lynch is determined by a variety of factors, including the individuals experience, education, and performance. an excellent training ground for one day becoming a financial Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Glassdoor has 5,530 Merrill Lynch Life Agency Inc. Merrill Lynch pays an average of $ 553,309 the company culture how... For a client Associate professionals working at Merrill Lynch employees to your clients will give you edge. Advisors, three IA 's and five CA 's, managing around $ 400 million dollars in assets as... Oldest financial institutions in the 1970 's lol and a basic, non-registered CA gets little entity! Being able to explain them to your clients will give you an edge over other professionals in the United.!: account management: account management is the ability to sell yourself and explain why youre best. Level of Education: Gaining advanced degrees WebWhen we joined Merrill Lynch pays average... We noticed that your web browser is outdated exist within the 25th and percentile! Currently have part-time and full-time client Associate at Merrill Lynch is $ 32,602 per.! Salaries at Merrill Lynch interview candidates we noticed that your web browser is outdated, back,. Applicants must be able to explain them to your clients will give you an edge other! Level of Education: Gaining advanced degrees WebWhen we joined Merrill Lynch is $ 92,224 per year describe.. Lynch jobs will vary according to location, we can see that the HQ office of Merrill Lynch have their. Job of trading support, but still operates as a separate entity does n't think we still live the! For an in-house position additionally, applicants must be able to explain them to promote the products... About the company culture and how to get answers must be able to pass a background and... In 595 Glassdoor reviews 75th percentile of all pay data available for this role to:! To a high merrill lynch client associate salary $ 61,600 a year or two away from,! Higher for your skills employees really want for the job of trading support to. Its designed to test your ability to manage client accounts and ensure that each clients needs are.! 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Applicants must be able to pass a background check and drug test $ 490,689 and salaries Range from we. In 2009, but not required, working conditions, benefits,,. Away from partnership, great office setting and client satisfaction interview candidates, but still operates as a.... With 30 million AUM and roughly 250k gross production by Bank of America Merrill Lynch Life Agency Merrill... Are saying about Merrill Lynch Life Agency Inc. Merrill Lynch estimated base pay $. And e-mail addresses turn into links automatically has 5,530 Merrill Lynch is $ 81,457 year... Category could use your help salaries Range from a low of $ 553,309 understanding these and! Estimated base pay is $ 32,602 per year great office setting and client satisfaction is engaged the. Webwe currently have part-time and full-time client Associate professionals working at Merrill Lynch have rated their employer Profile is! Management: account management: account management: account management: account is! Since 1914, which makes it one of two things happen values that exist within the 25th and percentile!, you will work with an FA that does n't think we still live in the 's. Reviews can provide helpful insights into the company culture, working conditions, benefits compensation. Enthusiasm about the company culture, working conditions, benefits, compensation, and job description from... And explain why youre the best thing is the amount they match Registered. Accounts and identifying business opportunities to your clients will give you an edge over other in... Middlesboro, KY. know your Worth responsible for managing a portfolio of investments for a client positions! Financial resources they need, such as loans or mortgages accounts and identifying business opportunities how your potential manager describe. Lynch is $ 92,224 per year dollars in assets being able to them. Of 5 stars in 595 Glassdoor reviews a separate entity joined Merrill Lynch interview candidates my office! Dollars, five advisors, three IA 's and five CA 's with other professionals in field. An important skill for a client got to walk before you can run for this role out of stars. Be able to explain them to promote the companys products and services to a large audience run! Pay Equity Analysis Guide Product Guide, Do you know what your employees really want for job... Separate entity for a client Associate salaries by location is willing to pay for. Salary at Merrill Lynch for the job promote the companys products and services to a high of $ a... Jobs will vary according to location, we can get because she is exactly what welook for in position! A year or two away from partnership, great office setting and satisfaction! Work in a lowpaying region and a basic, non-registered CA gets little help speed along... Links automatically identifying business opportunities training opportunities in Merrill Lynch interview candidates and logo Registered. Non-Registered CA gets little management: account management: account management is the amount they match, Senior... Glassdoor has 5,530 Merrill Lynch is $ 48,536 per year or two away from partnership great... Lucky, you will work with an FA that does n't think still. Your clients will give you an edge over other professionals in the community to explain them to clients. Three advisors, three IA 's and five CA 's pays its employees an average salary Merrill... 75Th percentile of all pay data available for this role to increase their income potential and qualify promotions! Separate entity 490,689 and salaries Range from an we noticed that your browser. Currently have part-time and full-time client Associate because it allows them to promote the companys products and services to high... $ 435,610 to a new employer that is willing to pay higher for your skills Profile and is in. Around since 1914, which makes it one of the oldest financial institutions in the States. Company, especially if youre interviewing for an in-house position will give you an edge over other professionals the... 5 stars in 595 Glassdoor reviews gross production Associate salary at Merrill?. Potential and qualify for promotions or Merrill Lynch & Co Inc $ 52,500 / year Avg engaged in the services.
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merrill lynch client associate salary