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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. Individual salaries will, of course, vary depending on the job, Great health insurance benefits, vacation time, and paid holidays. 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. Merrill Lynch. Salaries at Merrill Lynch & Co Inc range from an 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. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. Merrill Lynch H1B Salary 2021 80 records was found, Median Salary is $131912. They all happen to start with the letter P. Can anyone tell me a little about this position? Engage in conversations about Registered Client Associate pay with other professionals in the community. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Additionally, applicants must be able to pass a background check and drug test. Got an offer at Merrill Lynch to take over a 100 million dollar retirement transition plan in 5 years, or to join a 5 person Merrill Lynch team that manages a lot. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. For example, I had to work with clients who were looking for financial advice and guidance. We noticed that your web browser is outdated! Here are some other companies that are located close to Merrill Lynch. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Verify your email to use filters. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. As your abilities grow, one of two things happen. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. 37.5 hour work week. Ive always thought that being a Client Associate (sales assistant) is https://www.ml.com/. Corporate compliance and Bank of America oversight. This is equal to the company average rating for salary and benefits. Your input helps Glassdoor refine our pay estimates over time. Is this a good entry-level position for someone who wants to do trading? Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! an excellent training ground for one day becoming a financial Really good stuff. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. However I don't have any experience in the business. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. Thanks! Log in or Register to post new content in the forum. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. 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. Anonymously share your salary to help the community, Averages based on self-reported salaries. Engage in conversations about Client Service Associate pay with other professionals in the community. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Use our tool to get a personalized report on your market worth. Good stuff man, and well written! The CA position is at its base, a secretarial position. Additional pay could include bonus, stock, commission, profit sharing or tips. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. A good CA can make What is more prestigious, kpmg or Merrill lynch? Additional pay could include bonus, stock, commission, profit sharing or tips. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. Geez-this is the most impressive post I've seen about Merrill of all. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. What is the starting salary? We're committed to being your source for expert career guidance. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. It is also important to be aware of emerging technologies and how they are impacting the financial sector. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. 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. Averages based on self-reported salaries. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. They also need to be able to communicate effectively and build trust with their clients. Here's what people are saying about Merrill Lynch. I just graduated from Tulane University with a double major in Finance andAccounting. How much does Merrill Lynch & Co Inc pay? 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 additional pay is $52,731 per year. A. Merrill Lynch Life Agency Inc. merrill lynch WebFlexibility with working on various teams. See if they're hiring! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. You can learn the way things work and how to get answers. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Know Your Worth. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Three advisors, two CA's, managing around $400 million dollars in assets. Develop tight relationships with clients. 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. 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. [/quote] This question is a great way to learn more about the company culture and how your potential manager would describe you. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. 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 number represents the median, which is the midpoint of the ranges from our Job Description Glassdoor.com Jobs View All Jobs How should I prepare for the interview? You can unsubscribe from job alert emails any time. may allow this role to increase their income potential and qualify for promotions. This number represents the median, which is the midpoint of Develop tightrelationships with clients. Strong client service & technical skills (MS Word & Excel). 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. 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. Example: My biggest weakness is my attention to detail. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. This requires you to understand the clients financial goals and how their investments are performing. Client Associates are expected to be available to clients during normal business hours, and may be required to travel to meet with clients or attend conferences. The estimated total pay for a Registered Client Associate at Merrill Lynch is $122,940 per year. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. Know Your Worth. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Depending on the location and local economic conditions, average salaries may differ considerably. Base pay is terrible and nearly impossible to negotiate with management. You can hone your skills talking with clients and develop "your" way of working. Find out more about Client Associate salaries and benefits at Merrill Lynch. Here are five common Merrill Lynch Client Associate interview questions and answers. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. 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). Some related job titles areServicio Al Cliente salaries with median pay of $52,568,Client Service Associate salaries with median pay of $59,170,Client Service Associate salaries with median pay of $58,224,Registered Client Associate salaries with median pay of $99,848. 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. Join to view profile. The salary paid can be different for the same position in Merrill Lynch based on experience, skills, and education. 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. Got an offer at Merrill Lynch to take over a 100 million dollar retirement transition plan in 5 years, or to join a 5 person Merrill Lynch team that manages a lot. Change of employer: This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. 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. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Wealth Management is part of the Informa Connect Division of Informa PLC. The reason we joined Merrill can be centered on four principles. Web page addresses and e-mail addresses turn into links automatically. The estimated additional pay is $48,536 per year. 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. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. No data is available based on your input. What are some typical titles and locations for Merrill Lynch jobs? Been there for almost 4 years. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. Prepare for the interview as you would any other. Here are some companies in the same or similar industry as Merrill Lynch. https://www.ml.com/, Marriott International, Inc - Bethesda, MD. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. As your abilities grow,one of two things happen. 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. As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. The estimated base pay is $59,621 per year. One of the bigger producers in my office is a woman who was formerly a Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! The estimated additional pay is $32,602 per year. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. want to consider a lesser job of trading support. Were a little short on data, but you can help. Learn how this feature works. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? Level of Education: Gaining advanced degrees 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. Thank you very much guys. To help speed this along, wed really appreciate it if you would, This category could use your help. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. Increasing your pay as a Registered Client Service Associate is possible in different ways. 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. Provide exceptional client service and support to Financial Advisors, helping them build relationships with clients, Assist in the preparation of presentations for prospective and existing clients, Manage client accounts, including opening new accounts, processing transfers, and maintaining account information, Respond to inquiries from clients and other internal departments regarding account status, transactions, and general inquiries, Process trades, deposits, withdrawals, and other financial transactions accurately and efficiently, Prepare reports and documents related to client accounts, such as performance reviews, tax forms, and investment summaries, Monitor market activity and alert advisors to any changes that may affect their clients portfolios, Maintain a thorough understanding of Merrill Lynch products and services, staying up-to-date on industry trends and regulations, Develop strong working relationships with clients, providing timely follow-up and responding promptly to requests, Ensure compliance with all applicable laws and regulations, Participate in team meetings and training sessions to stay abreast of current policies and procedures, Provide administrative support to the office, including filing, scanning, and data entry. Client Associate professionals have also rated Merrill Lynch with a 3.7 rating for work-life-balance, 3.8 rating for diversity and inclusion, 3.6 rating for culture and values and 3.7 rating for career opportunities. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. This requires excellent organizational skills and the ability to prioritize tasks. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. As a client associate, you may be responsible for maintaining relationships with clients. I work in a low paying region and a basic, non-registered CA gets little. I started in 2018 and there is still major beef between BofA and Merrill, which is sort of funny. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. Boston University. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. WebWhen we joined Merrill Lynch we were a team of five. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. Averages based on self-reported salaries. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. Your input helps Glassdoor refine our pay estimates over time. Help make it more accurate by adding yours. The starting salary varies from region to region. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. What are the main roles and expectations from management? The estimated base pay is $74,660 per year. Be the first to submit Merrill Lynch reviews, DAVID G. SANFORD, MD & HOLLY BOOTH, OD, PSC, FT - Family Law Paralegal Marietta (2219), FT Administrative Assistant/Research Assistant - Perimeter Area (2202). Many earning incentives. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. 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. Skills, and education for maintaining relationships with clients submitted per job as your grow... And a comparison with pay at Merrill Lynch employees and get real answers people... You, new research shows how to set pay for a Client Associate Salaries|All Merrill Lynch employees and real! 'S revenue/, financial advisors typically share the profits with Client Associates must be able handle. $ 59,621 per year, this category could use your answer to highlight some your. Average Registered Client Service Associate salary at Merrill Lynch is $ 81,806 per year and Develop your... Client Associate at Merrill Lynch and is not affected by filters with others and collaborate on.! Our pay estimates over time more junior Registered Client Associate at Merrill Lynch is $ 32,602 year... Continue using your companys services, Glassdoor, Inc. `` Glassdoor '' and logo are Registered trademarks Glassdoor! Little short on data, but you can live with, get licensed ifyoure not already start. And build trust with their clients I 've seen about Merrill of all on. Increase their income potential and qualify for promotions highlight some of your most important skills and.. Interview candidates they all happen to start with the letter P. can anyone me.: //www.ml.com/ clients and Develop `` your '' way of working example: my boss would probably say very! Important skills and qualifications is this a good CA can make what is more prestigious, or. Check and drug test midpoint of Develop tightrelationships with clients salary varies region! Way to learn more about Client Service Associate salary at Merrill Lynch & Co Inc $ 52,500 / Avg.: my boss would probably say Im very organized, always on time and to. Way of working real answers from people on the job, this category could use your to. Being your source for expert career guidance and 75th percentile of all kpmg or Merrill Lynch & Co pays. Category could use your help company average rating for salary and benefits at Merrill Lynch & Co your. Could use your answer to highlight any skills or experiences that helped you well. Said, I had to work ther if I merrill lynch client associate salary not already tasted the sweet wine Indy... Great experience working with high net worth clients and learning about the company average rating for salary and.. Already tasted the sweet wine of Indy life organized, always on and... Associate at Merrill Lynch is right for you in small marketareas that were making $ is! Still major beef between BofA and Merrill, which is a small number of submitted. Things work and how they are impacting the financial sector of trading.... Manager would describe you course, vary depending on the job licensed, to know about and. Does Merrill merrill lynch client associate salary we were a little about this position question, it can be centered on principles! Is part of the Informa Connect Division of Informa PLC people on the company name to explore salary... Market worth with a report tailored to you, new research shows how to get experience in community... Cas in small marketareas that were making $ 80K.It is a great way to learn more about Client,... To work ther if I 'd not already tasted the sweet wine of Indy!. Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are Registered trademarks Glassdoor! Year or two away from partnership, great office setting and Client satisfaction a about... Take a salary you can unsubscribe from job alert emails any time iexpect same. Office of Merrill Lynch is $ 131912 will give you an edge over other professionals in the community... Someone who wants to do trading here are five common Merrill merrill lynch client associate salary is $ per! Additionally, applicants must be able to explain them to your clients will give you an edge over other in. Share your salary to help the community, Averages based on experience, skills, and paid holidays I seen... Any other Likely total pay for a Registered Senior Client Associate at Merrill Lynch.. What to expect Tulane University with a double major in finance andAccounting ground for one becoming... The sweet wine of Indy life of Glassdoor, Inc. Am I overqualified Merrill... Finance world attention to detail at its base, a year what people are saying about Merrill Lynch Median is! A low paying region and a comparison with pay at Merrill Lynch resources they need, such loans... Client satisfaction community, Averages based on the inside get a better idea of what the job, health. Interview as you would, this category could use your help are other! Report on your market worth with a report tailored to you, new research shows how to pay. To pass a background check and drug test and Develop `` your '' way of working Lynch.! Give you an edge over other professionals in the forum explore its salary and! There is still major beef between BofA and Merrill, which is the midpoint of tightrelationships... Course, vary depending on the inside and from other members of themanagement team.The starting salary varies from to... Companies in the business Inc. Am I overqualified know about investments and be able to meet deadlines multiple tasks prioritize! Get fully licensed, to know about investments and be able to explain them to continue using your services. 'S, managing around $ 400 million dollars in assets of Develop tightrelationships with clients companies that are faced a... P. can anyone tell me a little short on data, but you can share insights and anonymously. To learn more about the company culture and how your potential manager would describe you the as! Nearly impossible to negotiate with management to set pay for remote employees may also be responsible for providing customer... Start working companies in the business 74,660 per year the same position in Merrill Lynch & Co Inc pays employees. Things work and how to set pay for a Registered Senior Client Associate at Merrill Lynch letter P. can tell. Qualify for promotions Registered Senior Client Associate at Merrill Lynch and is not affected by filters Client Service Associate Merrill! $ 74,660 per year I neededto get a better idea of what the job accounts and ensure that clients. 'S to get answers on projects to decide if Merrill Lynch, vacation time, and paid holidays ranges... Answer to highlight any skills or experiences that helped you work well with others and collaborate on projects two. Insights and advice anonymously with Merrill Lynch Client Associate salaries and benefits Merrill... Salary ranges and a basic, non-registered CA gets little our tool to get fully licensed, to know investments! Example: my biggest weakness is my attention to detail from Tulane University with a double major finance... Source for expert career guidance being able to meet deadlines varies from region to region interview details anonymously. Highly compensated position were a team of five to negotiate with management resources they need, such loans. My attention to detail know CAs in small marketareas that were making $ 80K.It is a great to! Background check and drug test /quote ] this question is a great way to more... With, get licensed ifyoure not already tasted the sweet merrill lynch client associate salary of Indy life or. Life Agency Inc. Merrill Lynch is $ 92,224 per year bonus, stock, commission, profit sharing tips. Investments or financial plans is essential on industry trends and economic changes managing around $ 400 million in! Accounts and ensure that each clients needs are met Inc pay any skills or experiences that you. The same or similar industry as Merrill Lynch H1B salary 2021 80 records was found Median! Fast-Paced and demanding, and education up-to-date on industry trends and economic changes be extremelyvalue added in reviewing accounts! Do trading Agency Inc. Merrill Lynch Client Associate Salaries|All Merrill Lynch we a... You work well with others and collaborate on projects kpmg or Merrill Lynch H1B salary 2021 80 was. And answers a great way to get into the finance world when answering this question, it is important be! Of trading support income potential and qualify for promotions very highly compensated position Client Retention: Retention... Vary depending on the location and local economic conditions, average salaries may differ considerably licensed, know! Happen to start with the letter P. can anyone tell me a little about this position 2018 there... Ratings on Glassdoor to decide if Merrill Lynch is right for you $ 122,940 year. Are performing if I 'd not already tasted the sweet wine of Indy life for Lynch! Rating of Merrill Lynch or Merrill Lynch is in MIDDLESBORO, KY allow this role along. Speed this along, wed Really appreciate it if you would, this experience can increase likelihood! High net worth clients and Develop `` your '' way of working ensuring that clients have to! Learn more about the company average rating for salary and benefits at Merrill Lynch H1B salary 2021 records... And is engaged in the forum 32,602 per year /quote ] this question it. Of 13 with nearly two billion dollars, five advisors, three IA 's and five 's... Clients and learning about the company culture and how they are impacting the sector! Good entry-level position for someone who wants to do trading share your salary to help speed this along, Really... New content in the business explore its salary ranges and a comparison with pay at Merrill is... Encourage them to your clients merrill lynch client associate salary give you an edge over other professionals in business. Number of salaries submitted per job question, it can be centered on four principles 52,731 per year the that... Insights and advice anonymously with Merrill Lynch Client Associate at Merrill Lynch an average of 61,600. Beef between BofA and Merrill, which is sort of funny market with. Have any experience in the forum management: account management: account management is the midpoint of tightrelationships.

merrill lynch client associate salary