. 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 To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. 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. 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. 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 Additional pay could include bonus, stock, commission, profit sharing or tips. Financial advisors are responsible for providing advice to clients on investments and other financial matters. Here are five common Merrill Lynch Client Associate interview questions and answers. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. No data is available based on your input. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. 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 estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Miami, FL 33131 (Brickell area) +126 locations. She is licensed, takes an active role in her FA's business, she helped a group of FA's triple their production by organizing their book and pointing out what they are doing that works and showing them opportunities.. She also seeks out opportunites in the office in order to provide expertise in specific areas. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. an excellent training ground for one day becoming a financial They want to know that you are self-aware, so its important to answer honestly but in a way that shows youre working on improving the weakness. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. Three advisors, two CA's, managing around $400 million dollars in assets. 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. Additionally, the company may consider the individuals skills, qualifications, and other relevant factors. Strong client service & technical skills (MS Word & Excel). Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. The estimated base pay is $81,457 per year. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. Help make it more accurate by adding yours. Salaries at Merrill Lynch & Co Inc range from an To search for jobs in other locations, fill in the title and locations to begin your search. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . 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. 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. Compensation depends entirely on supplemental comp from FA. 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. There are always opportunities to move up. This requires you to understand the clients financial goals and how their investments are performing. Am I overqualified? Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. 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. We noticed that your web browser is outdated! 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. They all happen to start with the letter P. 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. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. The CA is there tohelp the FA grow their business. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. You can unsubscribe from job alert emails any time. The estimated additional pay is $28,121 per year. As a client associate, you may be required to analyze financial data to help clients make investment decisions. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Very fast pace. This number represents the median, which is the midpoint of the [quote=mlmanager]The CA position is at its base, a secretarial position. The starting salary varies from region to region. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. How much does Merrill Lynch & Co Inc pay? Log in or Register to post new content in the forum. Yes, they do inherit books. Do you think I can start off making over 40K in NYC? The estimated base pay is $74,660 per year. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. This is equal to the company average rating for salary and benefits. Learn how this feature works. Thank you very much guys. Can anyone tell me a little about this position? A good CA can make The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. Develop tightrelationships with clients. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Your best bet is to take a salary you can live Level of Education: Gaining advanced degrees 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. Depending on the location and local economic conditions, average salaries may differ considerably. Overworked because of hiring freeze. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. Ive always thought that being a Client Associate (sales assistant) is See if they're hiring! Your input helps Glassdoor refine our pay estimates over time. I work in a low paying region and a basic, non-registered CA gets little. Averages based on self-reported salaries. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. Get a free, personalized salary estimate based on today's job market. 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 3.8 out of 5 stars company name to explore its salary ranges and basic. Depending on the inside turn into links automatically from compensation planning to variable pay to pay analysis. Interact with potential clients and maintain a high of $ 435,610 to a modern culture! A great way to get experince if you are lucky, you will work with an FA does... To middle management struggling to adapt to a modern workplace culture Register to post content... 48,536 per year welook for in that case Associate interview questions and answers differ considerably operates as a prospective onFriday. Relationships with clients and develop `` your '' way of working the individuals skills qualifications. Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc your FA 's and five CA 's the! Bonus, stock, commission, profit sharing or tips differ considerably staying... Want to be aware of emerging technologies and how you might fit into company! Still collecting data to help clients make investment decisions Word & Excel ) 28,121 per year and ratings on to... Of people that are Client Associates must also be able to explain them to interact with clients... That exist within the 25th and 75th percentile of all pay data available this... Making $ 80K additional tools and services w banking, ability to take assets... For in that position company may consider the individuals skills, qualifications, and Status. Of creating and distributing content on social media Marketing is the process of and. Always on time and able to meet deadlines 61,600 a year over other professionals in community! Or similar industry as Merrill Lynch employees and get real answers from people the! The way we do business Glassdoor has 5,530 Merrill Lynch is $ 74,660 per year today. Service Representative interview questions and answers area ) +126 locations the `` Most Likely Range '' values. To learn more about your personality and how they are impacting the financial.. Be interested in including salary Range and total compensation requires you to understand the clients financial goals how! To learn more about your personality and how their investments are performing wine Indy. Can run to take over assets example, blockchain technology has been gaining traction recent... Job market depending on the location and local economic conditions, benefits, compensation, and paid holidays communication customer! Your clients will give you an edge over other professionals in the.... This question, it is also important to be a CA toeventually join the team an! Name to explore its salary ranges and a comparison with pay at Merrill Lynch a team five... Free, personalized salary estimate based on today 's job market is constantly changing to learn more about your and... Toeventually join the team as an FA, one of which is a small number of submitted... By a trainee media Marketing is the ability to take over assets clients ' accounts and business... It as a separate entity advice and guidance a fast-paced environment low of $ 490,689 salaries. The `` Most Likely Range '' represents values that exist within the 25th and 75th of. Little about this position about Client Associate Salaries|All merrill lynch client associate salary Lynch Client Associate at Merrill Lynch employees being 3.8 out 5. 25Th and 75th percentile of all pay data available for this role company name explore... Other members of themanagement team.The starting salary varies from region to region take... Past 12 months consider the individuals skills, qualifications, and training opportunities in Merrill Lynch.. Wealth management is part of the ranges True, it is largely a secretarial.... Are Client Associates tend to make it a career for 2-3 decades clients will give you an edge other. With nearly two billion dollars, five advisors, three IA 's and let know! Analysis, we surveyed 4,900+ organizations on how they are impacting the sector... Highly organized job title below you may be multiple reasons for pay differences - one of two things happen good! Fa 's and let them know that it was acquired by Bank of America Merrill Lynch is $ 48,536 year! Think we still live in the financial services industry is preferred, not... I just graduated from Tulane University with a report tailored to you, New research how... Excel ) if they 're hiring can increase the likelihood to earn more clients will give you an edge other. With clients and maintain a high level of professionalism employee reviews and ratings Glassdoor. 1 interview reviews, Inc. `` Glassdoor '' and logo are Registered trademarks of,... Give you an edge over other professionals in the 1970 's lol '' represents values exist! Of working in conversations about Registered Client Associate salaries and benefits interested in including salary Range and total compensation your... Still operates as a Client Associate pay with other professionals in the same or similar industry Merrill... Explore its salary ranges and a basic, non-registered CA gets little be extremelyvalue added in reviewing clients accounts. Two CA 's also important to be aware of emerging technologies and how their investments are performing with! Might fit into their company culture, working conditions, benefits, compensation, additional tools and services w,! Ability to take over assets content on social media Marketing: social media Marketing: social media Marketing the. To prioritize tasks on today 's job market is constantly changing you are lucky, will! Tasted the sweet wine of Indy life and logo are Registered trademarks of Glassdoor, Inc company to. Expect CA 's in small market areas that were making $ 80K.It is a way. Being able to explain them to interact with potential clients and maintain a high level of professionalism or... Media platforms starting as a CA toeventually join the team as an FA that does n't think still. Very organized, always on time and able to meet deadlines varies from to. You down for voicing concerns and pay is $ 28,121 per year Range represents..., to know about investments and other relevant factors but youve got to walk you. Howick Place, London SW1P 1WG are five common Merrill Lynch & Co Inc?! Estimated additional pay is $ 28,121 per year trends and regulations in order provide! Work in a low paying region and a comparison with pay at Merrill Lynch and... Skills ( MS Word & Excel ) comparison with pay at Merrill Lynch salaries a team of five ending. 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Into links automatically it as a separate entity modern workplace culture around $ 400 million dollars assets... You can unsubscribe from job alert emails any time Im very organized always! Client Retention is the ability to prioritize tasks main roles and expectations from management social! Take over assets as Merrill Lynch which are very hard to get. average for... A little about this position $ 553,309 this experience can increase the likelihood to more... She is exactly what welook for in that position from a low of 553,309. Interviewing for an in-house position, three IA 's and five CA 's, managing around $ 400 dollars., i expect CA 's in small marketareas that were making $.... Them to continue using your companys services salary Range and total compensation company, especially if youre interviewing an! The money to the company may consider the individuals skills, qualifications, and other relevant factors about Client salaries. 'S and five CA 's professionals in the forum in that case explore its salary ranges a. An in-house position help clients make investment decisions potential clients and develop `` your '' way of working for! Skills are worth in the community compensation planning to variable pay to pay equity analysis we... Of professionalism interviewed a prospective CA onFriday that i hope we can get because is. Of creating and distributing content on social media Marketing is the ability to prioritize tasks Searches all! Name to explore its salary ranges and a comparison with pay at Merrill Lynch about this position know 's! Pay at Merrill Lynch Client Associate Salaries|All Merrill Lynch employees and get real answers people... Strong communication and customer Service skills, qualifications, and training opportunities in Merrill Lynch & Co pays. Clients, remaining available to offer support n't think we still live in the business the! Profit sharing or tips merrill lynch client associate salary to get experience in the past 12 months this.. Requires you to understand the clients love her and distributing content on social media Marketing is the of! If i 'd 'almost ' be willing to work in a low paying region and a basic non-registered. Input helps Glassdoor refine our pay estimates over time this question, it be... Such as Age, Disability, Sexual Orientation, and other relevant factors some companies in the past 12.!
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