Bonuses In Newly Founded Boutique
I recently joined a newly founded Investment Bank as an associate, the founder was a top tier healthcare banker at a BB. However, the total compensation specifically the bonus will be a percentage of the fee the firm gets from each deal closed, the founder claim that he was usally making 10-20M in fees, an we did not agree on the specific % yet.
What do you think overall about this it seems a very good opportunity with unlimited upside. Also to people that where in similar situations what percentage range should I expect getting?
Could dm me what boutique this is?
This will likely go badly for you (although you've already signed... so if it is to be said, so it be, so it is).
This guy says he was making $10 - $20M in fees - does he mean for the broader healthcare group? I would assume so, as in he "brought in" deals worth $10 - $20M in fees during his time at the BB. I would absolutely not assume that number directly translates to his own operation. Companies go with BBs for a number of reasons outside execution capability - which would also be significantly muted at a small boutique.
Also product revenue outside of pure advisory usually account for a larger fee than M&A.
You joined the firm before agreeing how much you’ll be paid? Leverage just left the building…
You dun fucked up. Set your commission % ASAP but it’s probably too late for you. But then, if you’re this bad at negotiating, maybe he really shouldn’t pay you shit.
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