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Vault Message Board: Merrill Lynch

Topic Name: Associate comp
Message Name: Don't get a bump in salary in first FY
Date Posted: 01/02/2006
In Reply To: full year FY assoc: 95k salary + bonus of 145k (or did you assume i'd get a sign-on bonus to compute that 240k total?) full year SY assoc: 105k salary (guess?) + bonus of 165k to 205k? just want to confirm the assumed breakdowns (like 2nd year salary) to best understand ranges. thanks again for your knowledge, very very helpful!
Message: Your first 4 months on the job you get a sign on of 30K, relo of 10K and 31.7K in salary (1/3 of 95K)and a stub of 60K (so around 130K all in) Then you are considered a first year.

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