Merrill Lynch Wealth Managment Salaries

3 total salary submissions
Avg. Hours Worked (74%)

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.

47.5
  • 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 (92%)

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.

3.3
  • 1 Star
  • 2 Stars
  • 3 Stars
  • 4 Stars
  • 5 Stars

Average Merrill Lynch Wealth Managment Salary

3.7
Total Median Pay
$87,500
Median Base Pay
$77,500
Median Bonus Pay
$10,000

How much does Merrill Lynch Wealth Managment pay?

Base range:
$70,000 - $190,000

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:
$5,000 - $20,000

Merrill Lynch Wealth Managment pays an average salary of $77,500 per year. This base compensation is the equivalent of $39 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 47 hours, which would bring down the true effective hourly rate to $34 on average. If you include the average bonus of $10,000, then the total average pay at Merrill Lynch Wealth Managment would be $87,500 per year or $39 per hour at the 47 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 $88,500 a year, while the lowest-paid employees are paid less than $49,900. 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.

Merrill Lynch Wealth Managment Salaries

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Highest Paying Jobs at Merrill Lynch Wealth Managment

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
Executive Director
Year 2016
Job Title Executive Director
Group/Division Investment Research
Location New York
Pay Rate/Type
Bonus
1st Year Associate
Year 2019
Job Title 1st Year Associate
Group/Division Risk Management
Location Chicago
Pay Rate/Type
Bonus
Financial Advisor
Year 2018
Job Title Financial Advisor
Group/Division Wealth Management
Location Jacksonville
Pay Rate/Type
Bonus
Financial Advisor
Year 2019
Job Title Financial Advisor
Group/Division Private Banking
Location Dallas
Pay Rate/Type
Bonus
Broker
Year 2014
Job Title Broker
Group/Division Wealth Management
Location Pennington
Pay Rate/Type
Bonus
Financial Advisor
Year 2019
Job Title Financial Advisor
Group/Division Private Wealth Management
Location Carmel-by-the-Sea
Pay Rate/Type
Bonus
Financial Advisor
Year 2021
Job Title Financial Advisor
Group/Division Wealth Management
Location Dallas
Pay Rate/Type
Bonus
Financial Advisor
Year 2012
Job Title Financial Advisor
Group/Division Generalist
Location Jacksonville
Pay Rate/Type
Bonus
3rd+ Year Associate
Year 2018
Job Title 3rd+ Year Associate
Group/Division Private Wealth Management
Location Dallas
Pay Rate/Type
Bonus
Vice President
Year 2023
Job Title Vice President
Group/Division Fixed Income
Location New York
Pay Rate/Type
Bonus

Average Pay by City for Merrill Lynch Wealth Managment

Below we use 3 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 $79,250.

Salaries by Location at Merrill Lynch Wealth Managment

Rank
City
Total pay Range
Range of $/hr
New York
Rank 1
City New York
Total pay Range $52,500 - $95,000
Range of $/hr $26/hr - $48/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
Private Banking
Rank 1
Department Private Banking
Average Pay $95,000
Average Hourly Pay $48/hr
Investments
Rank 2
Department Investments
Average Pay $72,500
Average Hourly Pay $36/hr
Private Wealth Management
Rank 3
Department Private Wealth Management
Average Pay $65,000
Average Hourly Pay $33/hr
Na
Rank 4
Department Na
Average Pay $61,250
Average Hourly Pay $31/hr
Wealth Management
Rank 5
Department Wealth Management
Average Pay $52,500
Average Hourly Pay $26/hr
Sales
Rank 6
Department Sales
Average Pay $50,000
Average Hourly Pay $25/hr

Recently Added Merrill Lynch Wealth Managment Salaries

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
Vice President
Year 2023
Job Title Vice President
Group/Division Fixed Income
Location New York
Pay Rate/Type
Bonus
Financial Advisor
Year 2020
Job Title Financial Advisor
Group/Division Private Wealth Management
Location Short Hills
Pay Rate/Type
Bonus
Intern
Year 2018
Job Title Intern
Group/Division N/A
Location Manasquan
Pay Rate/Type
Bonus
Intern
Year 2023
Job Title Intern
Group/Division Wealth Management
Location Houston
Pay Rate/Type
Bonus
Financial Advisor
Year 2021
Job Title Financial Advisor
Group/Division N/A
Location New York
Pay Rate/Type
Bonus