Merrill Lynch Wealth Managment Salaries
168 total salary submissions
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.
- 10-20 Hours
- 20-30 Hours
- 30-40 Hours
- 40-50 Hours
- 50-60 Hours
- 60-70 Hours
- 70-80 Hours
- 80-90 Hours
- Over 90 Hours
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.
- 1 Star
- 2 Stars
- 3 Stars
- 4 Stars
- 5 Stars
Average Merrill Lynch Wealth Managment Salary
Total Median Pay
$50,000
Median Base Pay
$40,000
Median Bonus Pay
$10,000
How much does Merrill Lynch Wealth Managment pay?
Base range: $20,000 - $75,000
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: $1,000 - $30,000
Merrill Lynch Wealth Managment pays an average salary of $40,000 per year. This base compensation is the equivalent of $20 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Merrill Lynch Wealth Managment based on our data is actually 48 hours, which would bring down the true effective hourly rate to $17 on average. If you include the average bonus of $10,000, then the total average pay at Merrill Lynch Wealth Managment would be $50,000 per year or $22 per hour at the 48 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. Merrill Lynch Wealth Managment pays the highest-paid employees over $87,000 a year, while the lowest-paid employees are paid less than $49,899. Merrill Lynch Wealth Managment employees in different groups or divisions tend to have different salaries as well.For example, employees in the Private Banking sector earn an average yearly salary of $95,000.While employees in the Sales sector earn an average yearly salary of $50,000.
Filter Merrill Lynch Wealth Managment Compensation by Position, Location and/or Division
Highest Paying Jobs at Merrill Lynch Wealth Managment
| Year | Position | Location | Group/Division | Pay Rate/Type | Bonus |
|---|---|---|---|---|---|
| 2016 | Director | New York | Investment Research | ||
| 2019 | Associate | Chicago | Risk Management | ||
| 2018 | Financial Solutions Advisor | Jacksonville | Wealth Management | ||
| 2019 | Financial Advisor | Dallas | Private Banking | ||
| 2014 | Financial Advisor | Pennington | Wealth Management | ||
| 2019 | Financial Advisor | Carmel-by-the-Sea | Private Wealth Management | ||
| 2021 | Financial Advisor | Dallas | Wealth Management | ||
| 2012 | Financial Advisor | Jacksonville | Generalist | ||
| 2018 | Advisor | Dallas | Private Wealth Management | ||
| 2012 | Analyst | New York | Private Wealth Management |
Average Pay by City for Merrill Lynch Wealth Managment
Below we use 168 salary submissions to order the is the total average compensation by city for Merrill Lynch Wealth Managment. 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 New York, where employees earn an average salary of $73,500.
Salaries by Location at Merrill Lynch Wealth Managment
| Rank | City | Total pay Range | Range of $/hr |
|---|---|---|---|
| 1 | New York | $52,500 - $92,000 | $26/hr - $46/hr |
Merrill Lynch Wealth Managment Salaries by Department
Salaries at Merrill Lynch Wealth Managment depend on the group, division, department or function. Employees who work in the Private Banking group tend to get paid the most at at Merrill Lynch Wealth Managment, earning an average yearly salary of $95,000. Employees in the Investments receive relatively high salaries as well, where wages average $72,500 per year. A division that does not pay as well at Merrill Lynch Wealth Managment includes the Sales group, with employees earning $50,000 on average.
| Rank | Department | Average Pay | Average Hourly Pay |
|---|---|---|---|
| 1 | Private Banking | $95,000 | $48/hr |
| 2 | Investments | $72,500 | $36/hr |
| 3 | Private Wealth Management | $65,000 | $33/hr |
| 4 | Na | $61,250 | $31/hr |
| 5 | Wealth Management | $52,500 | $26/hr |
| 6 | Sales | $50,000 | $25/hr |
Recently Added Merrill Lynch Wealth Managment Salaries
| Year | Position | Location | Group/Division | Pay Rate/Type | Bonus |
|---|---|---|---|---|---|
| 2021 | Financial Advisor | New York | N/A | ||
| 2020 | Junior Advisor | Summit | Private Wealth Management | ||
| 2012 | Investment Research Analyst | Jersey City | N/A | ||
| 2022 | Financial Advisor | Memphis | Investments | ||
| 2021 | Financial Advisor | Baltimore | Investments |
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