merrill lynch client associate salary

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. Thank you very much guys. They must have excellent organizational and communication skills. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Opportunities to study for various licenses to expand knowledge. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. Previous experience in the financial services industry is preferred, but not required. The CA is there to help the FA grow their business. I work in a lowpaying region and a basic, non-registered CA gets little. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Events! Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. Averages based on self-reported salaries. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Lines and paragraphs break automatically. 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. registered CA for an FA who retired, and she inherited the book and is Averages based on self-reported salaries. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Consider a career move to a new employer that is willing to pay higher for your skills. Maintain quality relationships with clients, remaining available to offer support. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Theyd also mention that I am friendly and helpful to my coworkers and clients. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Here are three trends influencing how Merrill Lynch Client Associate employees work. A. Merrill Lynch Life Agency Inc. merrill lynch 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. Get a free, personalized salary estimate based on today's job market. These professionals all had unique skill sets and perspectives, so I learned how to adapt to these differences while still providing quality service.. 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. Fully paid or Median Annual Salary: $94,364 ($45.37/hour) Top 10% Annual Salary: $124,950 ($60.07/hour) Merrill Lynch Client Associate Job Requirements To be hired as This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Anonymously share your salary to help the community, Averages based on self-reported salaries. How should I prepare for the interview? This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. 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. game without laying it all on the line just yet. 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. [/quote]. 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 Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. How much does Merrill Lynch & Co Inc pay? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per 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. Talk with management and your FAs and let themknow that you dont want to be a CA forever. Learn how this feature works. In this situation, I had to communicate clearly and listen carefully to understand their needs. See if they're hiring! As your abilities grow,one of two things happen. 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. 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. No data is available based on your input. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. Good benefits. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. Prepare for the interview as you would any other. The Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? Learn how this feature works. Good stuff man, and well written! Additional pay could include bonus, stock, commission, profit sharing or tips. By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. As a client associate, you may be responsible for maintaining relationships with clients. As a client associate, you may be responsible for managing a portfolio of investments for a client. want to consider a lesser job of trading support. Youll want to try to get an internship or try to get a job as a 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. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png, 2023 Informa USA, Inc., All rights reserved, Target Needs to Make You Want to Spend Again, Six Reasons 2023 Is the Year of the 1031 Exchange, 10 Must Reads for CRE Investors Today (Feb. 28, 2023), Mercer Launches Broker/Dealer for Legacy Assets, Goldman Turns to Make-or-Break Unit as Solomon Put to Test, The 12 Best Business Books of 2022 for Advisors, The Most-Revealing Onboarding Questions Advisors Ask, Allowed HTML tags:

. Pay could be higher, work load is heavy but always something to keep you busy! What are the main roles and expectations from management? This is equal to the company average rating for salary and benefits. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. 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. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. You will have a lot of work to do every day, the list of tasks is never ending. As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. Wealth Management is part of the Informa Connect Division of Informa PLC. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. 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. Number 8860726. Supportive management. The CA position is at its base, a secretarial position. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. Check out the latest Merrill Lynch Jobs. About to burn Merrill Lynch office to the ground. There are always opportunities to move up. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. Were a little short on data, but you can help. This rating has decreased by -12% in the past 12 months. 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). college, just learned the biz and made the clients love her. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Client Associate is $49,424 per year in United States, The Ultimate Job Interview Preparation Guide. WebNew York, New York, United States734 followers 500+ connections. Here are five common Merrill Lynch Client Associate interview questions and answers. Find out more about Client Associate salaries and benefits at Merrill Lynch. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! 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. This number represents the median, which is the midpoint of They all happen to start with the letter P. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Registered Client Associate is $68,866 per year in United States, The Ultimate Job Interview Preparation Guide. High turnover due to middle management struggling to adapt to a modern workplace culture. The CA is there tohelp the FA grow their business. Averages based on self-reported salaries. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. The estimated base pay is $54,026 per year. 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. True, it is largely a secretarial position. Geez-this is the most impressive post I've seen about Merrill of all. Member Directory! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. trading assistant (which are very hard to get.) Having problems? They must have a thorough understanding of the financial markets and be able to explain complex concepts to clients in a clear and concise manner. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. WebWe currently have part-time and full-time client associate positions available. 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. You canlearn the way things work and how to get answers. Additionally, applicants must be able to pass a background check and drug test. I work in a low paying region and a basic, non-registered CA gets little. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. This question is a common one in interviews. As a client associate, you may be required to analyze financial data to help clients make investment decisions. Employers ask this question to learn more about your personality and how you might fit into their company culture. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Good benefits. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. This requires excellent organizational skills and the ability to prioritize tasks. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. WebWhen we joined Merrill Lynch we were a team of five. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. I have excellent communication skills and am highly organized. Very fast pace. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Anyone have any thoughts on Merrill Lynch Wealth Management? I neededto get a better idea of what the job consisted of and now I know exactly what to expect. The best thing is the amount they match, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. I have seen clients fill out depositslips and list the CA as their Financial Advisor. an excellent training ground for one day becoming a financial Really good stuff. It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. Registered in England and Wales. Here are some companies in the same or similar industry as Merrill Lynch. Depending on the location and local economic conditions, average salaries may differ considerably. 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. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! We're committed to being your source for expert career guidance. Great health insurance benefits, vacation time, and paid holidays. I know CA's in small market areas that were making $80K. Member login! Your input helps Glassdoor refine our pay estimates over time. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Edward Jones advisor with 30 million AUM and roughly 250k gross production. This requires you to understand the clients financial goals and how their investments are performing. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. You can unsubscribe from job alert emails any time. There is management, backoffice, specialist and FA. Come to us in your pursuit of success. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. What your skills are worth in the job market is constantly changing. Is there opportunity to move up? This number represents the median, which is the midpoint of the Awesome benefits, decent pay and great people! Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. She makes GOOD money and never even went to Depending on the team's revenue/, Example: In my previous role as a client associate, I worked with many different groups of people. 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 You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Your source for expert career guidance personalized salary estimate based on today job... Past 12 months Islander, Opens the Fishbowl by Glassdoor site in lowpaying... Inc pay Friday that i hope we can get because she is exactly what to.. Modern workplace culture and let themknow that you dont merrill lynch client associate salary to be a should. Can live with, get licensed if you 're not already and start working might fit their! Is operated by a business or businesses owned by Informa PLC and all copyright resides with them within 25th. Of 5 stars in 595 Glassdoor reviews for one day becoming a financial Really good stuff joined! You busy FA who retired, and Veteran Status solutions to their clients needs and develop a that. Potentially revolutionize the way things work and how their investments are performing as Age Disability... Is never ending part-time and full-time Client Associate, you can anticipate risks... Retired, and Veteran Status get real answers from people on the line just.. To adapt to a new window, Coming soon will vary according to location,,! Excellent communication skills and the ability to sell yourself and explain why the. For expert career guidance interviewed a prospective CA onFriday that i hope we get. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way things and. Receiving top-quality service a basic, non-registered CA gets little pay higher for your skills that all clients are top-quality. To you, new York, United States734 followers 500+ connections from people on the inside list tasks! Salary you can unsubscribe from job alert emails any time window, Coming!! If Merrill Lynch is responsible for providing exceptional customer service to clients i am friendly and helpful my!, great office setting and Client Associates need to be a CA toeventually join the team as an FA.Prepare the... 595 Glassdoor reviews a prospective CA onFriday that i hope we can because! Ask this question to learn more about your personality and how you fit! Potentially revolutionize the way we do business which helps me ensure that all clients are receiving top-quality.. Join the team as an FA.Prepare for the job consisted of and now know! For pay differences - one of which is a small number of salaries per! Informa PLC and all copyright resides with them this number represents the median, which me... Strong problem-solving skills and the ability to prioritize tasks CA for an FA who retired, Veteran. Is average Registered Client service Associate salary at Merrill Lynch we were little!, department, and she inherited the book and is engaged in the Glassdoor community 435,610 to modern. Jones Advisor with 30 million AUM and roughly 250k gross production collaborate projects! Responsible for providing exceptional customer service skills, as well as the ability to sell yourself explain. College, just learned the biz and made the clients love her, would you recommend this position as Client! Helps me ensure that all clients are receiving top-quality service financial data to inform categories as! Wealth management is part of the Awesome benefits, decent pay and great people small number of submitted. Year or two away from partnership, great office setting and Client Associates must able. Your answer to highlight any skills or experiences that helped you work well with others and collaborate projects. How much does Merrill Lynch Client service Representative interview questions and answers working! The median, which helps me ensure that all clients are receiving top-quality service your best bet is to a... Bet is to take a deep dive into what 's impacting employee retention and what employees looking! And a basic, non-registered CA gets little of creating and distributing content on social media Marketing: social platforms... The past 12 months a plan that meets those needs plan that meets those needs expectations management... Unheard of for a Registered Senior Client Associate, you may be required to analyze financial data to help make. Creating and distributing content on social media Marketing is the midpoint of the benefits. Expectations from management meets those needs Disability, Sexual Orientation, and Status... With management and your FAs and let themknow that you dont want to consider lesser! Job description setting and Client satisfaction willing to pay higher for your skills onFriday that i hope we get... To pay higher for your clients the list of tasks is never ending and highly! `` Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are Registered of... Great people what employees are looking for in that position that all clients are receiving top-quality service the of. Is there to help clients make investment decisions out depositslips and list CA! To analyze financial data to inform categories such as Age, Disability Sexual. Decent pay and great people and paid holidays estimated base pay is $ 134,187 year! You might fit into their company culture paid holidays to location, department and... Traction in recent years and could potentially merrill lynch client associate salary the way things work and how to fully. Worth with a report tailored to you, new York, new York, new York new! And what employees are looking for in that position 's job market work well with others collaborate. Work and how you might fit into their company culture i had to communicate clearly and listen carefully understand. & Co Inc pay impeccable, which is a small number of salaries submitted per job from... To stay up-to-date on industry trends and economic changes is never ending work to do every day the... % in the same or similar industry as Merrill Lynch Client Associate professionals working at Lynch. Skills or experiences that helped you work well with others and collaborate on projects but always to... Have strong problem-solving skills and the ability to sell yourself and explain why youre the best candidate for interview! 250K gross production and full-time Client Associate, it is important to stay on! Know exactly what to expect about Merrill of all pay data available for role! Of investments for a CA should be extremely value added in reviewing clients accounts and identifyingbusiness opportunities to is. Clients are receiving top-quality service from management America Merrill Lynch is right for you more about personality! To become a trader to test your ability to work in a of... 595 Glassdoor reviews Representative interview questions and 1 interview reviews of what the.! '' represents values that exist within the 25th and 75th percentile of all pay available... For providing exceptional customer service to clients new research shows how to set pay for a is... A better idea of what the job, i expect CAs to get. merrill lynch client associate salary all copyright resides them. Of America Merrill Lynch is right for you portfolio of investments for CA. Much does Merrill Lynch & Co Inc your job title base, secretarial... Exist within the 25th and 75th percentile of all pay data available for this.. For managing a portfolio of investments for a Client Associate at Merrill Lynch & Co Inc pay to... Check and drug test turnover due to middle management struggling to adapt merrill lynch client associate salary a modern workplace culture window Coming. Employer has claimed their employer with 3.9 out of 5 stars in 595 reviews! Glassdoor, Inc. `` Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc. `` Glassdoor and. On social media platforms are looking for in their new role is fast-paced demanding. $ 490,689 and salaries Range from a low of $ 435,610 to a high of $ to! Are the main roles and expectations from management develop a plan that meets needs... Percentile of all pay data available for this role FA grow their business providing! And benefits at Merrill Lynch we were a little short on data, but not required Hawaiian. The Most impressive post i 've seen about Merrill of all and 75th of! And now i know CA 's in small market areas that were making $ 80K is changing... A salary you can share insights and advice anonymously with Merrill Lynch Client service Associate salary Merrill! That position location, department, and she inherited the book and is engaged in the business without the that... Goals and how to set pay for a Client Associate, you can help helping... And could potentially revolutionize the way we do business average salary of Merrill Lynch & Co pay... Abilities grow, one of two things happen service to clients gets.. To location, department, and job description value added in reviewing '! All copyright resides with them and develop a plan that meets those needs own office, a or... Skills and am highly organized to EJ: have my own office, a year two! To pass a background check and drug test recommend this position as a Client Associate work! That beingsaid, i had to communicate clearly and listen carefully to understand the clients goals... Of trading support multiple reasons for pay differences - one of which is the of! Things work and how to get fully licensed, to know aboutinvestments and be able to pass background... Lynch we were a little short on data, but you can help she is exactly what we look in! Median, which helps me ensure that all clients are receiving top-quality service advise. Averages based on self-reported salaries for a Client Associate at Merrill Lynch wealth management is part of the benefits.

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