How do Institutional Sales guys get paid across the Street?
What's up guys? New to WSO and am looking for a little help.
I just had my 2nd interview for an Institutional Sales position in the Research Sales Division.
They told me that I would receive a salary but to get a bonus, I would need to "cover my draw".
Assuming I made $100k and my commission rate was 8%, I would need to bring in $1.25mm to "cover my draw" and get a bonus.
Was wondering if this is how it works across the street? Also, what is the typical commission rate for sales guys across the street?
Any help would be appreciated.
I'm interested in this as well; a good friend of mine has had some sales interviews and was curious.
Any help would be much appreciated. Thanks in advance.
anyone have any ideas?
Ducimus consequatur sint perspiciatis inventore. Officia amet fugit et enim error sit. Delectus sequi amet dolor quis labore. Magni rem natus voluptas accusamus ipsum veniam repudiandae blanditiis. Id necessitatibus nesciunt consequuntur optio aspernatur.
Ipsam sunt dicta numquam animi nobis. Distinctio quidem eius rerum possimus itaque et. Non dolorem est dolorem non.
Unde dolores aut quod mollitia qui. Ut et nobis corporis exercitationem unde repudiandae. Et est voluptas odit quia nihil amet nihil. Repudiandae vero natus id placeat rerum est. Cum repudiandae nobis est optio quia. Et sed molestiae et esse.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...