saw this new email last week..that PMDs w/ LOS over 9 months and hitting hurdles...they might be placed in a bank of america...you have to get on a team...at the bank you handle accounts under 250k..anything over 250k..you send over to your team at the ML office...
looks interesting.
The hurdles are based on Net New Money (coming from outside the bank, not money already sitting in bank accounts), # of accounts opened, and now the emphasis moved to PCs as well. The hurdles are minimal when it comes to PCs. The tracking system is absolutely horrible, everything has to be manually tracked and verified. You will spend at least 2 days a week just tracking your sales. Plus, you have to also open bank accounts and CDs. You are a glorified licensed banker. There are a lot of PMDs that manipulate the compensation system to get their bonus. In contrast, on the Merrill side the bottom line is PCs. There is no way to BS that. Just expect a lot of really strange tracking methods and a lot of comp manipulation. It's a joke.
i am going to go ahead and do it. starts in august in california.
2 year program...hate cold calling so this is a better option imo
thanks for the advice. this is apparently a new program they are starting at merrill. it might be different then what you experienced. i read over the information but there was no mention of what happens after you graduate from the pmd program..i suppose you leave the bank and go back to the ML office. it is supposed to start in april in texas and then california starts in august along w/ some other areas. hopefully we will get more explanation of this program on monday on our weekly pmd meeting.