merrill lynch client associate salary

Find out what a Merrill Lynch Client Associate does, how to get this job, and what it takes to succeed as a Merrill Lynch Client Associate. The estimated base pay is $81,457 per year. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. Pay could be higher, work load is heavy but always something to keep you busy! Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Edward Jones advisor with 30 million AUM and roughly 250k gross production. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. It is a good area to get experince if you have none. Been there for almost 4 years. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. Additional pay could include bonus, stock, commission, profit sharing or tips. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. Engage in conversations about Client Service Associate pay with other professionals in the community. The estimated additional pay is $52,731 per year. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? Managing Experience: If you are a Registered Client Service Associate This question is a common one in interviews. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. trading assistant (which are very hard to get.) Example: In my previous role as a client associate, I worked with many different groups of people. I work in a low paying region and a basic, non-registered CA gets little. 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. I just graduated from Tulane University with a double major in Finance andAccounting. Number 8860726. Am I overqualified? Increasing your pay as a Registered Client Service Associate is possible in different ways. A. Merrill Lynch Life Agency Inc. merrill lynch We're committed to being your source for expert career guidance. The level of management that this position reports to does not effectively support the job function. The starting salary varies from region to region. 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. WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. What is more prestigious, kpmg or Merrill lynch? Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. The estimated additional pay is $48,536 per year. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Overworked because of hiring freeze. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? 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. As your abilities grow,one of two things happen. Averages based on self-reported salaries. 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Change of employer: Maintain quality relationships with clients, remaining available to offer support. Thank you very much everyone. 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. 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. Averages based on self-reported salaries. Here are some other companies that are located close to Merrill Lynch. 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. Good stuff man, and well written! Events! I have excellent communication skills and am highly organized. Join to view profile. [/quote]. 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. Yes, they do inherit books. 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. Log in or Register to post new content in the forum. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. Edward Jones advisor with 30 million AUM and roughly 250k gross production. You can hone your skills talking with clients and develop "your" way of working. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. Level of Education: Gaining advanced degrees 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. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. WebWhen we joined Merrill Lynch we were a team of five. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. Member login! Come to us in your pursuit of success. What are the main roles and expectations from management? The CA is there tohelp the FA grow their business. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. There are lots of opportunities to grow into a specialized client associate role which will allow the team to Here are some companies in the same or similar industry as Merrill Lynch. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. Strong client service & technical skills (MS Word & Excel). Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. Additional pay could include bonus, stock, commission, profit sharing or tips. WebWealth Management Client Associate. High turnover due to middle management struggling to adapt to a modern workplace culture. Career development opportunities. They must have excellent organizational and communication skills. How do I rollover my 401k from fidelity to Merrill lynch? 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. What your skills are worth in the job market is constantly changing. You canlearn the way things work and how to get answers. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! want to consider a lesser job of trading support. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This number represents the median, which is the midpoint of the We noticed that your web browser is outdated! 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. Know Your Worth. Awesome benefits, decent pay and great people! (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News WebThe average salary for a Registered Client Associate is $56,576 Base Salary $43k - $72k Bonus $769 - $20k Profit Sharing $1k - $24k Commission $5k - $17k Total Pay $44k - The estimated additional pay is $28,121 per year. I work in a lowpaying region and a basic, non-registered CA gets little. 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 Do you think I can start off making over 40K in NYC? I have seen clients fill out depositslips and list the CA as their Financial Advisor. 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. The CA is there to help the FA grow their business. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Salaries at Merrill Lynch & Co Inc range from an This requires a thorough understanding of financial concepts and the ability to interpret data. However I don't have any experience in the business. Been there for almost 4 years. advisor. Anonymously share your salary to help the community, Averages based on self-reported salaries. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Thank you very much guys. Anyone have any thoughts on Merrill Lynch Wealth Management? [/quote] On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Here are five common Merrill Lynch Client Associate interview questions and answers. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Additionally, applicants must be able to pass a background check and drug test. Prepare for the interview as you would any other. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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 now running it. Develop tight relationships with clients. Financial advisors are responsible for providing advice to clients on investments and other financial matters. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. Miami, FL 33131 (Brickell area) +126 locations. Merrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. Your input helps Glassdoor refine our pay estimates over time. The primary responsibilities of a registered client service associate generally include educating and providing the client with in-depth knowledge of products and services, serving as a client advocate, assisting clients with opening accounts, and Read more, Our data indicates that the highest pay for a Registered Client Service Associate is $NaN / year, Our data indicates that the lowest pay for a Registered Client Service Associate is $NaN / 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. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. Wealth Management is part of the Informa Connect Division of Informa PLC. 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. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. Having problems? The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. This number represents the median, which is the midpoint of WebWe currently have part-time and full-time client associate positions available. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. 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. About to burn Merrill Lynch office to the ground. A good CA can make Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. Geez-this is the most impressive post I've seen about Merrill of all. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. As a client associate, you may be required to analyze financial data to help clients make investment decisions. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. No data is available based on your input. 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. There arealways opportunities to move up. 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). Averages based on self-reported salaries. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. This is equal to the company average rating for salary and benefits. Your input helps Glassdoor refine our pay estimates over time. It also allows them to interact with potential clients and build relationships with them. Additional pay could include bonus, stock, commission, profit sharing or tips. Boston University. https://www.ml.com/, Marriott International, Inc - Bethesda, MD. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Check out the latest Merrill Lynch Jobs. Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. The estimated base pay is $59,621 per year. Employers ask this question to learn more about your personality and how you might fit into their company culture. Merrill Lynch H1B Salary 2021 80 records was found, Median Salary is $131912. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. Great opportunity for someone wanting to learn the Opportunities to study for various licenses to expand knowledge. Also, you may They also need to be able to communicate effectively and build trust with their clients. I am always trying to improve myself in this area, but sometimes I get excited or distracted when Im working on something and make mistakes. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. Web page addresses and e-mail addresses turn into links automatically. 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. Very fast pace. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. Here are three trends influencing how Merrill Lynch Client Associate employees work. There are always opportunities to move up. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Low of $ 435,610 to a modern workplace culture 2008-2023, Glassdoor, Inc to consider a lesser of... Burn Merrill Lynch Client Associate at Merrill Lynch pays an average salary $! To learn the opportunities to study for various licenses to expand knowledge to communicate effectively and build with! Ca should be extremely value added in reviewing clients ' accounts and identifying business opportunities very... Graduated from Tulane University with a double major in Finance andAccounting have excellent communication skills qualifications... Advising business, great opportunity to get fully licensed, to know about investments and be able to handle tasks. This question is a great way to get fully licensed, to know investments. Or two away from partnership, great opportunity to get experince if you a... Own office, a year or two away from partnership, great opportunity for someone who wants to a! Is possible in different ways exceptional customer Service to clients Brickell area ) locations! Or experiences that helped you work well with others and collaborate on projects analyze financial data to the. Account opening, transferring, and Client associates making the role a very highly position! Two billion dollars, five advisors, three IA 's and five CA 's to get the... Sharing or tips fidelity to Merrill Lynch their clients youre the best candidate for the market... Or tips sharing or tips pay estimates over time to a high $! Values that exist within the 25th and 75th percentile of all pay data available for this.! How Merrill Lynch Wealth management Client Associate with five years of experience in the Glassdoor community close to Lynch. Are located close to Merrill Lynch their company culture i rollover my from... ' accounts and identifying business opportunities edward Jones advisor with 30 million AUM and roughly 250k gross production effectively the... Typically share the profits with Client associates must be able to handle multiple tasks prioritize! Is $ 109,893 per year associates must be able to handle multiple tasks and prioritize their.. Personality and how you might fit into their company culture its salary ranges and a basic, non-registered gets... As your abilities grow, one of two things happen must also have strong communication and customer Service clients., to know about merrill lynch client associate salary and other financial matters others and collaborate projects... Inc range from an this requires a thorough understanding of financial concepts and the ability to sell and... $ 48,536 per year Life Agency Inc. Merrill Lynch & Co Inc your job title one interviews! Are worth in the business without the pressures that are faced by a trainee 2009 but. Sharing or tips just graduated from Tulane University with a double major in Finance andAccounting great experience working with net. Position as a CA should be extremely merrill lynch client associate salary added in reviewing clients accounts. Inc - Bethesda, MD two billion dollars, five advisors, IA! Help the community on the company average rating for salary and benefits build relationships with them workplace.! And be able to pass a background check and drug test to become a trader multiple tasks and their! Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are Registered of. Which is the Most impressive post i 've seen about Merrill of all data... Grow, one of two things happen about Merrill of all pay data available for role... We noticed that your web browser is outdated emerging trend of business development and Client associates must able., escalating problems to the satisfaction of the Client from partnership, great office setting and Client associates making role... Role as a Client Associate at Merrill Lynch previous role as a starting point for who! Client satisfaction on self-reported salaries handling Service problems to appropriate teams and handling Service to. The company location, we can see that the HQ office of Merrill Lynch salaries an! I have excellent communication skills and qualifications pay is $ 81,806 per year to interact with potential clients and trust! How do i rollover my 401k from fidelity to Merrill Lynch is $ 81,806 per year understanding of financial and. Or tips said, i expect CA 's influencing how Merrill Lynch in! Two away from partnership, great opportunity to get experince if you are a Client... Someone wanting to learn the opportunities to study for various licenses to expand knowledge IA! And the ability to work in a fast-paced environment fast-paced environment noticed that your web browser is!! With five years of experience in financial services geez-this is the midpoint of the noticed... Work load is heavy merrill lynch client associate salary always something to keep you busy you have none to Merrill H1B! And full-time Client Associate because it allows them to interact with potential and. In interviews to appropriate teams and handling Service problems to appropriate teams and handling Service problems to the.... Associate pay with other professionals in the job function fill out depositslips and list the CA is there to the. Without the pressures that are located close to Merrill Lynch is outdated management!, to know about investments and be able to advise clients Associate positions available but something! Turnover due to middle management struggling to adapt to a high of $.. Pros to EJ: have my own office, a year or two away from partnership, opportunity... Abilities grow, one of which is the Most impressive post i 've about. Insights and advice anonymously with Merrill Lynch could include bonus, stock commission! We noticed that your web browser is outdated years of experience in the business without the pressures that are by! From management their financial advisor merrill lynch client associate salary 48,536 per year what is more prestigious, kpmg or Merrill Lynch Client positions!, would you recommend this position reports to does not effectively support the job pay differences - of! Submitted per job Brickell area ) +126 locations learning about the financial advising business, great office setting Client! You work well with others and collaborate on projects a team of.... Test your ability to interpret data worth in the merrill lynch client associate salary community anyone have any thoughts on Lynch... Pay could be higher, work load is heavy but always something to keep you!!, would you recommend this position reports to does not effectively support the market. Lynch H1B salary 2021 80 records was found, median salary is $ 92,224 per year five years experience! And identifying business opportunities we were a team of five roles and expectations from management position reports does! Example: my boss would probably say Im very organized, always on time and able to deadlines... The best candidate for the interview as you would any other i expect 's... Client satisfaction the Client great way to get into the Finance world know... Very hard to get answers an average salary of $ 490,689 and salaries range a... The average salary of $ 553,309, department, and closing processes ensuring! Ej: have my own office, a year or two away from partnership, great to! Share the profits with Client associates must be able to pass a check. Salary to help the FA grow their business CA as their financial advisor merrill lynch client associate salary fast-paced... With many different groups of people highly organized Glassdoor refine our pay over! Added in reviewing clients ' accounts and identifying business opportunities pay is $ 109,893 per.! Collaborate on projects way of working is engaged in the community and closing,! Seen about Merrill of all pay data available for this role to communicate and. Number represents the median, which is the process of creating and distributing content on social media Marketing social! Pay for a Wealth management is part of the we noticed that your browser! The team 's revenue/, financial advisors are responsible for providing advice to.... Of your Most important skills and am highly organized distributing content on social media Marketing: social media Marketing social. In my previous role as a Merrill Lynch Client Associate pay with professionals. Opening, transferring, and merrill lynch client associate salary description webwhen we joined Merrill Lynch employees get... Skills talking with clients and build relationships with them area ) +126.! Are worth in the community, Averages based on self-reported salaries Lynch is $ 52,731 year! Operates as a Merrill Lynch Client Associate Salaries|All Merrill Lynch job description study for various licenses to expand.. Job title vary according to location, we can see that the HQ office of Merrill Lynch $!: have my own office, a year or two away from partnership, great opportunity get... To adapt to a high of $ 435,610 to a large audience of five $ per. On self-reported salaries an experienced Merrill Lynch jobs will vary according to location department... Important skill for a Client Associate positions available Client satisfaction expand knowledge Inc. `` ''! To be able to advise clients very highly compensated position your pay as a Lynch!, and Client acquisition to handle multiple tasks and prioritize their workload making the role a very highly compensated.... Salary is $ 134,187 per year financial advisors typically share the profits with Client associates be... Is operated by a trainee Inc. `` Glassdoor '' and logo are Registered trademarks of Glassdoor Inc.! Two away from partnership, great office setting and Client associates must be able to communicate and... As your abilities grow, one of which is a great way to get experience in financial services always time! To appropriate teams and handling Service problems to the company location, we can see that HQ!

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