Merrill Lynch Payout

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Mar 14, 2009 11:04 pm

Does anyone know what Merrill's compensation looks like for new guys fresh out of their training program?

I heard that for the first two years out of training, you get 50%.
 
Mar 14, 2009 11:31 pm
armycolors:

Does anyone know what Merrill's compensation looks like for new guys fresh out of their training program?

I heard that for the first two years out of training, you get 50%.
 
 
It has changed and it has dropped.  I do not remember the specific numbers, but they are lower than 50%. 
Mar 14, 2009 11:58 pm

It was lowered to 47% with the new comp plan.

Mar 15, 2009 12:30 am

Do you have details on the ML plan?

Any input would be greatly appreciated!
Mar 15, 2009 10:37 am
ThatGuyML:

It was lowered to 47% with the new comp plan.

 
That is year 3.  I believe it continues to drop in years 4 and 5.
Mar 16, 2009 1:07 pm

The payout is 47% through month 36 and it them goes down to:

 
37% or Grid from months 37-48
Grid from there on (49+)