Bank of America Merrill Lynch Salaries
The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.
The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.
The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.
- 10-20 Hrs
- 20-30 Hrs
- 30-40 Hrs
- 40-50 Hrs
- 50-60 Hrs
- 60-70 Hrs
- 70-80 Hrs
- 80-90 Hrs
- Over 90 Hrs
The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.
The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.
The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.
- 1 Star
- 2 Stars
- 3 Stars
- 4 Stars
- 5 Stars
Average Bank of America Merrill Lynch Salary
How much does Bank of America Merrill Lynch pay?
For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.
Bank of America Merrill Lynch pays an average salary of $80,000 per year. This base compensation is the equivalent of $40 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Bank of America Merrill Lynch based on our data is actually 62 hours, which would bring down the true effective hourly rate to $27 on average. If you include the average bonus of $30,750, then the total average pay at Bank of America Merrill Lynch would be $110,750 per year or $37 per hour at the 62 hour work week.
There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Bank of America Merrill Lynch pays the highest-paid employees over $177,500 a year, while the lowest-paid employees are paid less than $72,500. Bank of America Merrill Lynch employees in different groups or divisions tend to have different salaries as well.For example, employees in the Financial Sponsors sector earn an average yearly salary of $305,000.While employees in the Investment Management sector earn an average yearly salary of $50,000. Additionally, geographic location can impact the compensation for employees at Bank of America Merrill Lynch as well. Based on the WSO data, Bank of America Merrill Lynch employees in Singapore and Palo Alto get paid the most.
Average Pay by City for Bank of America Merrill Lynch
Below we use 2,090 salary submissions to order the is the total average compensation by city for Bank of America Merrill Lynch. Cost of living across the world varies a lot, so this data gives you a sense if there are significant adjustments for higher cost of living. Looking at the WSO data, the city with the highest average salary is Singapore, where employees earn an average salary of $110,000.
Salaries by Location at Bank of America Merrill Lynch
Bank of America Merrill Lynch Salaries by Department
Salaries at Bank of America Merrill Lynch depend on the group, division, department or function. Employees who work in the Financial Sponsors group tend to get paid the most at at Bank of America Merrill Lynch, earning an average yearly salary of $305,000. Employees in the Prime Brokerage receive relatively high salaries as well, where wages average $280,000 per year. A division that does not pay as well at Bank of America Merrill Lynch includes the Investment Management group, with employees earning $50,000 on average.
or Want to Sign up with your social account?