Merrill Training Costs ( FADP )?

Hi everyone,

I'm new to the forum. I went through a series of interviews, and received a verbal confirmation that I am accepted into the FADP program. I'm waiting on the written letter. However, I recently found out that Merrill may seek reimbursement for training costs. I have NO intention of jumping from Merrill to another brokerage firm. However, the price tag that I have been reading (38k!!!) scares the bejeesus out of me. I don't have that kind of money.

Here's to the real question: Do the training costs have to be paid back AFTER you receive a production number (so, after having successfully passed the exams)? Or before? What if I start the program and absolutely hate it within the first week - will Merrill attempt to sue me for 38k?

tl;dr At what point could Merrill sue me for 38 in training fees?

I appreciate your input, guys.

1 Comments
 

Suscipit voluptas at suscipit aut. Et voluptatem omnis illum sed quis. Aliquam est quia aut dignissimos.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”