Average Merrill Lynch & Co Inc Salary in 2024 (2024)

FAQs

What are the top salaries at Merrill Lynch? ›

Merrill Lynch's annual revenue is $13.8B. Zippia's data science team found the following key financial metrics about Merrill Lynch after extensive research and analysis. Merrill Lynch has 15,100 employees, and the revenue per employee ratio is $913,907. Merrill Lynch peak revenue was $13.8B in 2023.

Merrill for 2024 set a “minimum growth threshold” for brokers, which imposes a 1% grid rate reduction for brokers who have two consecutive years of negative net strategic flows. The core compensation grid, which the firm adjusted in the 2023 plan, will remain unchanged next year, Schimpf stressed on the internal call.

They both charge fees for their services, although Merrill Lynch's fees are more transparent. Both firms offer many options and have a large team of financial advisors to provide customer service, though Merrill Lynch is more accessible to individual investors than Morgan Stanley.

The average Vice President base salary at Apple Bank is $154K per year.

As of Apr 9, 2024, the average annual pay for a Vice President Jpmorgan in New York City is $172,320 a year. Just in case you need a simple salary calculator, that works out to be approximately $82.85 an hour. This is the equivalent of $3,313/week or $14,360/month.

The average salary for JPMorgan Chase & Co. vice presidents is $152,673 per year. JPMorgan Chase & Co. vice president salaries range between $100,000 to $232,000 per year.

Oftentimes when advisors speak with consultants, they are so exhausted with all the red tape that they simply want a way out as fast as can be arranged. Clients are advised to brace for a shift towards automation and interactions with artificial intelligence as the firm embarks on a digital trajectory.

The support wants support

Client associates at Merrill Lynch are fed up with what they feel is an overwhelming amount of work, a lack of WFH flexibility, and disappointing compensation, according to a new Insider report. For the unfamiliar, client associates (CAs) essentially do financial advisors' dirty work.

Why should I work for Merrill Lynch? ›

Great support, great benefits, Great mentorship. Great tools. They give you everything you need to succeed.

Total Salary Range for Merrill Financial Advisor

The estimated total pay range for a Financial Advisor at Merrill is $140K–$258K per year, which includes base salary and additional pay. The average Financial Advisor base salary at Merrill is $88K per year.

By working with an Advisor, you can access a wide range of investment products for your brokerage account. Advisors are compensated from the revenue generated from transactions in your brokerage account.

What companies pay highest salaries? Companies that typically pay the highest salaries often include technology giants such as Amazon, Apple, Google, and Microsoft, as well as financial institutions like JPMorgan Chase and Goldman Sachs.