What is this Merrill Lynch program where they pay you for 5 years a salary if you commit to bringing over a certain amount? I was at a call center for a major wirehouse and recently left. I have a buddy going to Merrill and is getting paid $250k/year with the goal of having $60m end of year. He probably will take $15m from the call center MAX. What is the catch here?

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Not sure what’s going on at Merrill but if you can bring 15m when you leave I’m confident I can get you up front transition bonus. Let me know if you are open to a conversation

From my experience from others who have gone there, it is a loan that you payback through your fee generation

He means you will end up paying it back to the firm in via your production payout

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