Merrill Lynch Payout
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Mar 15, 2009 3:04 am
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%.[quote=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%. [/quote] It has changed and it has dropped. I do not remember the specific numbers, but they are lower than 50%.ThatGuyML:
That is year 3. I believe it continues to drop in years 4 and 5.It was lowered to 47% with the new comp plan.
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+)