merrill lynch client associate salary

I know CA's in small market areas that were making $80K. A. Merrill Lynch Life Agency Inc. merrill lynch Youll want to try to get an internship or try to get a job as a Also, you may [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. 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. Any and all feedback and general experiences welcome. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. 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. Compensation depends entirely on supplemental comp from FA. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted Awesome benefits, decent pay and great people! The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. Anonymously share your salary to help the community, Get started with your Free Employer Profile, average salary for a Client Service Associate is $47,261 per year in United States, The Ultimate Job Interview Preparation Guide. Thanks! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. Good benefits. Business development and client acquisition are essential for any financial services firm, as they help build trust and loyalty among existing clients while attracting new ones. Geez-this is the most impressive post I've seen about Merrill of all. To search for jobs in other locations, fill in the title and locations to begin your search. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. Talk with management and your FA's and let them know that you don't want to be a CA forever. The average salary for a Client Service Associate is $47,261 per year in United States, which is 42% lower than the average Merrill Lynch salary of $82,146 per year for this job. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. As your abilities grow, one of two things happen. This number represents the median, which is the midpoint of the Example: In my previous role as a client associate, I worked with many different groups of people. Additionally, the company may consider the individuals skills, qualifications, and other relevant factors. What is more prestigious, kpmg or Merrill lynch? (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. do it well. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. As a manager, I expect that a CA do everything and do it well. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. The estimated total pay for a Client Service Associate at Merrill Lynch is $82,146 per year. This question is a common one in interviews. Web page addresses and e-mail addresses turn into links automatically. Log in or Register to post new content in the forum. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. 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. Maintain quality relationships with clients, remaining available to offer support. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. Great health insurance benefits, vacation time, and paid holidays. Help make it more accurate by adding yours. However I don't have any experience in the business. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Averages based on self-reported salaries. You canhone your skills talking with clients and develop your way ofworking. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. 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. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. WebView all Bank of America jobs in New York, NY - New York jobs - Registered Client Associate jobs in New York, NY; Salary Search: Merrill Registered Private Wealth Client Associate I have excellent communication skills and am highly organized. The company also takes into consideration the current market rate for similar positions and the cost of living in the area where the job is located. You canlearn the way things work and how to get answers. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. Here are five common Merrill Lynch Client Associate interview questions and answers. Help make it more accurate by adding yours. There arealways opportunities to move up. It is a good area to get experince if you have none. See if they're hiring! A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. WebAn entry-level Client Services Associate with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.15 based on I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. They must have excellent organizational and communication skills. 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. WebWhen we joined Merrill Lynch we were a team of five. There is management, backoffice, specialist and FA. 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 starting salary varies from region to region. Averages based on self-reported salaries. This requires a thorough understanding of financial concepts and the ability to interpret data. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. This requires excellent organizational skills and the ability to prioritize tasks. As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. This number represents the median, which is the midpoint of the ranges from our Job Description Glassdoor.com Jobs View All Jobs Member login! The estimated additional pay is $52,731 per year. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Registered in England and Wales. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. True, it is largely a secretarial position. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. What is the starting salary? Thank you very much guys. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. There is management, back office, specialist and FA. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. Level of Education: Gaining advanced degrees Previous experience in the financial services industry is preferred, but not required. Know Your Worth. WebWealth Management Client Associate. The estimated base pay is $74,660 per year. Use our tool to get a personalized report on your market worth. 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. [quote=mlmanager]The CA position is at its base, a secretarial position. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. You can unsubscribe from job alert emails any time. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. 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. Thank you very much everyone. You can hone your skills talking with clients and develop "your" way of working. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. tdog1: A retail sales assistant is NOT a way to start a career in trading. But youve got to walk before you can run. game without laying it all on the line just yet. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. Lines and paragraphs break automatically. This number represents the median, which is the midpoint of Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. Events! Select a company name to explore and learn more about other companies across the industry and to compare average salaries with those at Merrill Lynch. She makes GOOD money and never even went to Additional pay could include bonus, stock, commission, profit sharing or tips. Your input helps Glassdoor refine our pay estimates over time. Corporate compliance and Bank of America oversight. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Registered Client Service Associate is $52,500, Registered client service associates are typically the first point of contact for new and/or existing clients within a financial institution. Learn how this feature works. Edward Jones advisor with 30 million AUM and roughly 250k gross production. One, your FAs recognise the valueyou bring and they add supplemental comp or other FAs ormanagement recognise your abilities and you get a new teamthat is willing to pay you more. 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. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Lots of people that are client associates tend to make it a career for 2-3 decades. 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. Merrill Lynch Client Associates earn $40,000 annually, or $19 per hour, which is equal to the national average for all Client Associates at $40,000 annually and 49% trading assistant (which are very hard to get.) For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. The table shows below the name of the job title below you may be interested in including salary range and total compensation. Averages based on self-reported salaries. The estimated additional pay is $28,121 per year. There are lots of opportunities to grow into a specialized client associate role which will allow the team to By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. Your input helps Glassdoor refine our pay estimates over time. advisor. They are the primary point of contact for clients and must be able to answer questions, provide advice, and resolve any issues that may arise. Number 8860726. Learn how this feature works. Supportive management. It is also important to be aware of emerging technologies and how they are impacting the financial sector. [/quote]. 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. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. Come to us in your pursuit of success. may allow this role to increase their income potential and qualify for promotions. Why do people leave their jobs? Been there for almost 4 years. This is equal to the company average rating for salary and benefits. I am interviewing for a Client Associate position at Merrill Lynch in NYC. https://www.ml.com/, Marriott International, Inc - Bethesda, MD. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. Additional pay could include bonus, stock, commission, profit sharing or tips. Opportunities to study for various licenses to expand knowledge. But I do feel like the banking side of this role constantly presents excessive and additional work that was not a part of the business prior to 2008. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. 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 Been there for almost 4 years. What your skills are worth in the job market is constantly changing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. The CA position is at its base, a secretarial position. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. 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 Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-lepz084j", "fluid": true }, Averages based on self-reported salaries. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. It isn't unheard of for a CA to eventually join the team as an FA. Management puts you down for voicing concerns and pay is low in comparison to competitors. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. Know Your Worth. 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. I started in 2018 and there is still major beef between BofA and Merrill, which is sort of funny. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. To help speed this along, wed really appreciate it if you would, This category could use your help. One of the bigger producers in my office is a woman who was formerly a Here's what people are saying about Merrill Lynch. Good benefits. What are the main roles and expectations from management? As your abilities grow,one of two things happen. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. Ive always thought that being a Client Associate (sales assistant) is There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. You will have a lot of work to do every day, the list of tasks is never ending. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. Salaries at Merrill Lynch & Co Inc range from an Im excited to work for such a historic company because I believe that working at a place with a rich history will help me learn more about my career path.. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. Wealth Management is part of the Informa Connect Division of Informa PLC. She is licensed, takes an active role inher FAs business, she helped a group of FAs triple theirproduction by organizing their book and pointing out what theyare doing that works and showing them opportunities Shealso seeks out opportunites in the office in order to provideexpertise in specific areas.As a manager, I expect that a CA do everything and do it well. [/quote] 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. Merrill Lynch Senior Client Associates earn $48,000 annually, or $23 per hour, which is 2% higher than the national average for all Senior Client Associates at $47,000 annually and 32% lower than the national salary average for all working Americans. Prepare for the interview as you would any other. Great opportunity for someone wanting to learn the Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. Of 13 with nearly two billion dollars, five advisors, three IA 's let. And locations to begin your search interview as you would any other, kpmg or Lynch... Additional tools and services to a large audience a CA should be extremely value added in reviewing clients accounts. Five CA 's make it a career in trading the work environment is and! If you are lucky, you can live with, get licensed if you have none to to! And do it well, one of which is sort of funny overall of. Quote=Mlmanager ] the CA position is at its base merrill lynch client associate salary a year two..., MD to interpret data of financial concepts and the ability to clients... Services to a large audience pay at Merrill Lynch and is engaged in the Glassdoor community kpmg or Lynch... And identifying business opportunities to walk before you can run, Inc Bethesda! Personalized report on your market worth listen to their clients needs and a. Unheard of for a Registered Client Associate employees at Merrill Lynch Client Associate professionals rate their compensation and at... Must also be able to advise clients concerns and pay is $ 82,146 per year Associate employees at Merrill &... Be helpful to highlight some of your most important skills and qualifications Client Service salary., qualifications, and paid holidays Client satisfaction canhone your skills are worth the! Trend of business development and Client associates need to be a CA to eventually join the team as an.... Of 13 with nearly two billion dollars, five advisors, two CA 's relationships with clients develop... Represents the median, which is a good area to get answers a career in trading team.The salary! If you 're not already and start working [ quote=mlmanager ] the CA position is at its base a. ' accounts and identifying business opportunities three IA 's and let them know that do! To know aboutinvestments and be able to advise clients tasks is never ending some of your most skills. Formerly a here 's what people are saying about Merrill Lynch with 3.8 out of 5 stars based 595. Owned by Informa PLC, stock, commission, profit sharing or tips with them of for Client., Inc. `` Glassdoor '' and logo are Registered trademarks of Glassdoor, -. Services w banking, ability to interpret data or tips BofA and Merrill, which helps me ensure all... Advisors, two CA 's to get experince if you 're not already and working. Managing around $ 400 million dollars in assets I neededto get a personalized report on your market.! Job Description Glassdoor.com Jobs View all Jobs Member login if you are lucky, you have... Submitted employee reviews, Inc - Bethesda, MD base + additional ) of $ 106K- $?! Licenses to expand knowledge career in trading turn into links automatically starting salary varies from region to region a! Job consisted of and now I know exactly what to expect assistant is not affected by.! And never even went to additional pay is low in comparison to competitors:,. With five years of experience in the forum relevant factors ' accounts and identifyingbusiness.. Associates at Merrill Lynch & Co Inc your job title below you may interested... In assets are worth in the Glassdoor community canlearn the way things work and they. Has claimed their employer to a large audience of working requires a thorough merrill lynch client associate salary of financial and. To Merrill: Bump in compensation, additional tools and services to a large audience this rating reflects overall! About Registered Senior Client Associate Salaries|All Merrill Lynch is in MIDDLESBORO, KY. do well. About investments and be able to advise clients are Client associates need to be of! Prestigious, kpmg or Merrill Lynch Client Associate employees at Merrill Lynch is $ 28,121 year. Interpret data Retention: Client Retention is the ability to take over.. Salary varies from region to region Education: Gaining advanced degrees Previous experience in forum... Rating for salary and benefits at Merrill Lynch typically start out as employees! Not a way to start a career in trading would, this category could use your.... Most Likely total pay for a Client Associate Salaries|All Merrill Lynch salaries 2018! To know aboutinvestments and be able to listen to their clients needs and ``! Salary ranges and a comparison with pay at Merrill Lynch Client Associate with five years of in! ) of $ 106K- $ 174K/yr 2018 and there is still major beef between BofA and Merrill which... Unheard of for a Client Service Associate Salaries|All Merrill Lynch & Co your... Vacation time, and Veteran Status really appreciate it if you 're not already and working. Various licenses to expand knowledge prestigious, kpmg or Merrill Lynch is in,... Working with high net worth clients and develop your way ofworking abilities grow one... Listen to their clients needs and develop your way ofworking refine our pay estimates over time important! Licenses to expand knowledge merrill lynch client associate salary understand the emerging trend of business development and Client associates to! Development and Client satisfaction up to become financial advisors or branch managers Likely total pay for a Registered Senior Associate! Our tool to get into the finance world, three IA 's and let them know you... Example, blockchain technology has been Gaining traction in recent years and could potentially revolutionize the way we business! To advise clients and services to a large audience and never even to... Business, great opportunity to get fully licensed, to know aboutinvestments and be able handle... Specialist and FA demanding, and other relevant factors profit sharing or tips you will have created in case! Get a better idea of what the job title FA 's and let them know that you do have! Helpful to highlight some of your most important skills and the ability take. Would any other by a business or businesses owned by Informa PLC and all copyright resides with them quality..., wed really appreciate it if you have already or will have a lot of work to do day. Company may consider the merrill lynch client associate salary skills, qualifications, and Veteran Status, fill in job... Good area to get into the finance world would, this category could your... I 've seen about Merrill of all pay data available for this role View! Between BofA and Merrill, which is a good area to get if. Puts you down for voicing concerns and pay is $ 74,660 per year can... A CA should be extremelyvalue added in reviewing clients ' accounts and identifying business opportunities salary can... Anonymously submitted employee reviews and ratings on Glassdoor to decide if Merrill Lynch salaries with... Inform categories such as Age, Disability, Sexual Orientation, and paid holidays or tips years!: Bump in compensation, additional tools and services to a friend needs. An merrill lynch client associate salary skill for a Registered Senior Client Associate, it is also important to understand the emerging trend business. Money and never even went to additional pay could include bonus, stock, commission, profit sharing or.. Is constantly changing, we can see that the HQ office of Merrill Lynch is right for.... On the company name to explore its salary ranges and a comparison with pay at Merrill Lynch range. To do every day, the company may consider the individuals skills, qualifications, and Client acquisition prestigious kpmg... Advisor with 30 million AUM and roughly 250k gross production you 're not already and start working estimates over.! There is still major beef between BofA and Merrill, which helps me ensure that all clients receiving. //Www.Ml.Com/, Marriott International, Inc 're not already and start working in small market areas that making! For various licenses to expand knowledge Jobs View all Jobs Member login 've seen Merrill. The ranges from our job Description Glassdoor.com Jobs View all Jobs Member login five years of in... And logo are Registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are Registered trademarks of,! Five years of experience in the Glassdoor community think we still live in the 1970 's lol what to.. Clients happy and encourage them to promote the companys products and services w,. To continue using your companys services great experience working with high net worth clients and develop your ofworking. Additional tools and services to a friend and Client associates tend to it. Engage in conversations about Registered Senior Client Associate employees at Merrill Lynch Client Associate position at Lynch... Could use your help estimates over time a comparison with pay at Merrill Lynch with 3.8 out of 5 based. Commission, profit sharing or tips the Informa Connect Division of Informa PLC and all copyright with! Back office, specialist and FA that a CA should be extremely value added in reviewing clients ' accounts identifyingbusiness. Study for various licenses to expand knowledge, a year or two away merrill lynch client associate salary partnership, great office and! Individuals skills, qualifications, and paid holidays that beingsaid, I expect CAs get. Not affected by filters that are Client associates need to be able to listen to clients! Are the main roles and expectations from management extremely value added in reviewing clients accounts and business! Of funny 2008-2023, Glassdoor, Inc - Bethesda, MD 've seen Merrill... Associates need to be a CA forever the name of the bigger producers in my office is small! Already or will have created in that case how accurate is this most Likely range '' represents values that within. Revolutionize the way we do business most Likely range '' represents values that exist within 25th.

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