How to Get Finders Fee as Analyst
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Ah, the old finder's fee conundrum! It's a tricky one, but let's navigate it together.
Firstly, it's important to understand that finder's fees can vary greatly depending on the situation and the individuals involved. However, based on the most helpful WSO content, it seems that 5-10% is a common range mentioned in similar discussions.
Now, onto the negotiation part. It's crucial to approach this with tact and professionalism. You don't want to come off as greedy or overstepping your boundaries. Here's a potential game plan:
Start by having an open and honest conversation with your old boss. Express your interest in receiving a finder's fee for the connection you've made.
Be prepared to justify why you believe you're entitled to this fee. This could be due to the value you've added by making the connection, the potential profit for your old boss, or the effort you've put into the process.
If your old boss agrees, great! If not, it's time to negotiate. Remember, negotiation is a two-way street. You might have to compromise and accept a lower percentage.
Once you've agreed on a percentage, get it in writing. This will protect both parties and ensure there's no confusion down the line.
Remember, every situation is unique, so what worked for others might not work for you. But with a bit of courage and negotiation skills, you could walk away with a nice little bonus. Good luck!
Sources: Internal Transfer Offer Letter 1st Year Financial Analyst, “Find us a deal and we’ll hire you”, Negotiating FT Analyst offer. Good idea?
A1 originating is such a chad move man, keep it up.
5-10% sounds about right, and perhaps some extra room given you will likely be doing a lot of the client facing stuff, given you would be so comfortable with the client. I would just say to the MD you are keen to keep doing extra things like this but you would hope to renumerated appropriately for it. He should indicate the extent to which they will look after you, and you can negotiate off of that.
edit: dont do the above lol. me being a naive a1
You aren't getting 5 - 10% of deal fees, big man. You'll get a nice bonus and attention from seniors. Asking would be fucking stupid.
Agree with above, no way are you getting a big chunk here... maybe a bit more bonus and that's it
Not sure what threads you are reading but every last one says do not do this as a junior because you will get screwed. 5-10% is a quote from random incoming interns and not a number they will ever actually give you
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