Bank of America Merrill Lynch Salaries

2,082 total salary submissions
Avg. Hours Worked (96%)

The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.

The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

61.7
  • 10-20 Hrs
  • 20-30 Hrs
  • 30-40 Hrs
  • 40-50 Hrs
  • 50-60 Hrs
  • 60-70 Hrs
  • 70-80 Hrs
  • 80-90 Hrs
  • Over 90 Hrs
Relative Compensation (97%)

The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.

The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

3.5
  • 1 Star
  • 2 Stars
  • 3 Stars
  • 4 Stars
  • 5 Stars

Average Bank of America Merrill Lynch Salary

3.5
Total Median Pay
$111,500
Median Base Pay
$80,000
Median Bonus Pay
$31,500

How much does Bank of America Merrill Lynch pay?

Base range:
$44,000 - $150,000

For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.

Bonus range:
$3,000 - $95,000

Bank of America Merrill Lynch pays an average salary of $80,000 per year. This base compensation is the equivalent of $40 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Bank of America Merrill Lynch based on our data is actually 62 hours, which would bring down the true effective hourly rate to $27 on average. If you include the average bonus of $31,500, then the total average pay at Bank of America Merrill Lynch would be $111,500 per year or $37 per hour at the 62 hour work week.

There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Bank of America Merrill Lynch pays the highest-paid employees over $177,500 a year, while the lowest-paid employees are paid less than $72,500. Bank of America Merrill Lynch employees in different groups or divisions tend to have different salaries as well.For example, employees in the Financial Sponsors sector earn an average yearly salary of $305,000.While employees in the Investment Management sector earn an average yearly salary of $50,000. Additionally, geographic location can impact the compensation for employees at Bank of America Merrill Lynch as well. Based on the WSO data, Bank of America Merrill Lynch employees in Singapore and Palo Alto get paid the most.

Bank of America Merrill Lynch Salaries

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Highest Paying Jobs at Bank of America Merrill Lynch

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
1st Year Analyst
Year 2021
Job Title 1st Year Analyst
Group/Division Investment Banking
Location New York
Pay Rate/Type
Bonus
Director
Year 2016
Job Title Director
Group/Division Sales and Trading
Location New York
Pay Rate/Type
Bonus
Portfolio Manager
Year 2022
Job Title Portfolio Manager
Group/Division Investment Banking
Location Mountain View
Pay Rate/Type
Bonus
Portfolio Manager
Year 2022
Job Title Portfolio Manager
Group/Division Investment Banking
Location Mountain View
Pay Rate/Type
Bonus
1st Year Analyst
Year 2021
Job Title 1st Year Analyst
Group/Division Investment Banking
Location San Francisco
Pay Rate/Type
Bonus
Vice President
Year 2017
Job Title Vice President
Group/Division Mergers and Acquisitions
Location San Francisco
Pay Rate/Type
Bonus
Vice President
Year 2019
Job Title Vice President
Group/Division Investment Banking
Location New York
Pay Rate/Type
Bonus
Director
Year 2021
Job Title Director
Group/Division Technology
Location Palo Alto
Pay Rate/Type
Bonus
Vice President
Year 2014
Job Title Vice President
Group/Division Trading
Location New York
Pay Rate/Type
Bonus
Director
Year 2013
Job Title Director
Group/Division Financial Sponsors
Location Los Angeles
Pay Rate/Type
Bonus

Average Pay by City for Bank of America Merrill Lynch

Below we use 2,082 salary submissions to order the is the total average compensation by city for Bank of America Merrill Lynch. Cost of living across the world varies a lot, so this data gives you a sense if there are significant adjustments for higher cost of living. Looking at the WSO data, the city with the highest average salary is Singapore, where employees earn an average salary of $110,000.

Salaries by Location at Bank of America Merrill Lynch

Rank
City
Total pay Range
Range of $/hr
Singapore
Rank 1
City Singapore
Total pay Range $43,200 - $209,480
Range of $/hr $22/hr - $105/hr
Palo Alto
Rank 2
City Palo Alto
Total pay Range $100,000 - $185,000
Range of $/hr $50/hr - $93/hr
London
Rank 3
City London
Total pay Range $75,000 - $165,000
Range of $/hr $38/hr - $83/hr
New York
Rank 4
City New York
Total pay Range $84,000 - $165,000
Range of $/hr $42/hr - $83/hr
San Francisco
Rank 5
City San Francisco
Total pay Range $70,000 - $164,495
Range of $/hr $35/hr - $82/hr
Houston
Rank 6
City Houston
Total pay Range $70,000 - $155,000
Range of $/hr $35/hr - $78/hr
Toronto
Rank 7
City Toronto
Total pay Range $70,000 - $147,000
Range of $/hr $35/hr - $74/hr
Los Angeles
Rank 8
City Los Angeles
Total pay Range $62,000 - $145,000
Range of $/hr $31/hr - $73/hr
Hong Kong
Rank 9
City Hong Kong
Total pay Range $72,000 - $135,000
Range of $/hr $36/hr - $68/hr
Charlotte
Rank 10
City Charlotte
Total pay Range $65,000 - $117,500
Range of $/hr $33/hr - $59/hr

Bank of America Merrill Lynch Salaries by Department

Salaries at Bank of America Merrill Lynch depend on the group, division, department or function. Employees who work in the Financial Sponsors group tend to get paid the most at at Bank of America Merrill Lynch, earning an average yearly salary of $305,000. Employees in the Prime Brokerage receive relatively high salaries as well, where wages average $280,000 per year. A division that does not pay as well at Bank of America Merrill Lynch includes the Investment Management group, with employees earning $50,000 on average.

Rank
Department
Average Pay
Average Hourly Pay
Financial Sponsors
Rank 1
Department Financial Sponsors
Average Pay $305,000
Average Hourly Pay $153/hr
Prime Brokerage
Rank 2
Department Prime Brokerage
Average Pay $280,000
Average Hourly Pay $140/hr
Structured Products
Rank 3
Department Structured Products
Average Pay $225,000
Average Hourly Pay $113/hr
Quantitative Research
Rank 4
Department Quantitative Research
Average Pay $199,500
Average Hourly Pay $100/hr
Healthcare
Rank 5
Department Healthcare
Average Pay $185,000
Average Hourly Pay $93/hr
Trading
Rank 6
Department Trading
Average Pay $180,000
Average Hourly Pay $90/hr
Private Equity
Rank 7
Department Private Equity
Average Pay $170,000
Average Hourly Pay $85/hr
Debt Capital Markets
Rank 8
Department Debt Capital Markets
Average Pay $170,000
Average Hourly Pay $85/hr
Public Finance
Rank 9
Department Public Finance
Average Pay $164,800
Average Hourly Pay $82/hr
Power
Rank 10
Department Power
Average Pay $150,000
Average Hourly Pay $75/hr

Recently Added Bank of America Merrill Lynch Salaries

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
1st Year Analyst
Year 2023
Job Title 1st Year Analyst
Group/Division Generalist
Location Los Angeles
Pay Rate/Type
Bonus
Intern
Year 2023
Job Title Intern
Group/Division Sales and Trading
Location New York
Pay Rate/Type
Bonus
1st Year Associate
Year 2024
Job Title 1st Year Associate
Group/Division Mergers and Acquisitions
Location New York
Pay Rate/Type
Bonus
1st Year Associate
Year 2023
Job Title 1st Year Associate
Group/Division Investment Banking
Location New York
Pay Rate/Type
Bonus
2nd Year Analyst
Year 2022
Job Title 2nd Year Analyst
Group/Division Investment Banking
Location New York
Pay Rate/Type
Bonus