Merrill Transition Bonus Question

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Aug 23, 2009 10:24 pm

How long does it take to get your transition bonus?

 
Thank you.
Aug 23, 2009 11:02 pm

what is ML offering now? I heard they are significantly upping their deals. 

Aug 23, 2009 11:07 pm

From what i have heard, 140% up front of T12 if $500k+ w/ total pkg up to 350% bonus based on some targets in years 1-5 for back end comp.

 
MSSB is also 140% upfront but 250% Max bonus.
 
WFC is 60% up front, 60% @ 15 months if you hit your T12 from old firm during first 15 months. Been told this is the worst of the main firms.
Aug 24, 2009 8:17 am

You get your check the day you show up.

Aug 28, 2009 3:58 pm

You open a ML account and it hits the account the evening of your first day of employment.