Trader salary for this?

CFA General
#1

What do you reckon a trader at Merrill is likely to be earning, been at the firm as an associate and and advisor and worked their way up to trading? Ball park For a friend

#2

What kind of desk is it? For an associate-level trader, I would say lower range is high $100ks and upper range is in the $400ks. Of course, it *really* depends on which business you are in.

#3

Salary as in base or all-in? I’m also not sure what pay was beforehand but they may also try to low-ball your friend since they know his background (seen it happen as a ‘cost of transition’).

#4

Yeah… salary vs. bonus is pretty important for trading. New people probably have close to 1:1 salary to bonus, so don’t be too upset if they offer a salary that seems low. For old people, the bonus is a higher percentage of overall compensation.

#5

Bit more info: Fixed Income associate level trader. 2nd year. Just a rough estimate.

#6

That can mean anything! What sort of desk is it?

#7

I’m gonna throw your answers back at him… (dont want to share this website with him as he will see who I am etc…)

#8

…according to this, $100K, ballpark. http://www.glassdoor.com/Salaries/fixed-income-associate-salary-SRCH_KO0,22.htm He should be talking to recruiters/headhunters, not AF, and you didn’t specify if it was base, or base + bonus, or if he even has other options to consider.

#9
  1. Just wondering what a trader earned for one of the big firms. A friend of mine working for them in NYC. His last post - he doesnt really have specifics. Thought his firm was looking to hire someone with this background. Thread closed/
#10

Thread reopened! This thread will close when I say so! lol!

#11

Dude_CFA Wrote: ------------------------------------------------------- > I’m gonna throw your answers back at him… (dont > want to share this website with him as he will see > who I am etc…) You want to find you what he earns without him telling you? :slight_smile: Why don’t you look on some job sites, seems obvious to me?

#12

merril is bofa now - prob 100-120 base in nyc. you’re not trading to make base.

#13

one hundred thousand or may be one hundred twenty thousand 1 h4v3 n0 c1u3