I am currently stuck between two job positions, one with Merrill making $85k base and big corp benefits and another for an RIA for $65k and no benefits like healthcare and 401k. I really like the RIA position better but other comparable positions in the area range from $45-$60k so it doesn’t seem like strong numbers to negotiate. Should I chose ML for the salary/benefits security— Anyone have insights? Worried of being a new higher compensated employee with a potential recession on the horizon..

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You want freedom or benefits lol

likehelpful

Shocking that an RIA firm would not offer benefits and a 401k - to me that signals they are too small, too cheap, or don’t care about the EX - strongly consider ML - many career progression opportunities for you there. In this economic environment you are wise to be thinking of potential recession impacts - go after the salary - save as much as you can - max your 401k - get the experience - ask for stretch assignments - show your worth !

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Don’t go to an RIA until you’re ready to have a book of business

They’re hot leads though RIA unless they have a network through a BD you’re pounding phones

What is the ML job?

Agree 100% with ML1

I'm surprised to see how low the pay is ... how many years of experience do you have? The pay seems low and lower.

1.5yrs in financial services and 1.5yr in life insurance. They said once I become a “service advisor” then I would be bumped to $82k, which could be a year

No benefits? In this economy????

I think RIA is a better route overall, but this RIA, has some question marks. What market are you in, I’m hiring in a few areas.

Also, at that income level, i assume a younger age, and they may not need benefits (can stay on parents) or purchase third party insurance for a few thousand.

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