Hey guys,
I'm sure this has been touched on before so sorry for making a new post. In a bind and need some time sensitive input. Does anyone have any idea what type of comp would be offered by a middle market IB (think like a WB/Opp/SunTrust/RBC) that wants to poach a MD from another bank to open up a new M&A group at their bank?
Looking for reference points on:
Base Salary
Bonus
If you can negotiate to get a % of the fees you would bring in.
If you need me to clarify anything, let me know.
Thanks.
interested as well
heh, this is very subjective. The comp here would be structured with equity, options, incentive bonuses. Etc. I would guess maybe around half a mil for first year with another 300k in incentives laced in there. But, I am merely speculating, and my answer is probably not very accurate, just a ball park.
If you are really curious, call a headhunter, I am sure they can give you a better idea.
As the previous posters have alluded to, it varies quite a bit. Would you be bringing any deals with you? If not, you won't get as much guaranteed. You're probably looking at $250-275k base, and can expect to get ~25% of fees generated. That said, if you are in a good spot now, you may want to ask for a guaranteed minimum year 1 bonus, signing bonus, etc. Also understand that you won't be making a percent of fees unless you, your group, and the bank are all profitable.
Thanks for the input. All make sense.
In the scenario I'm discussion the MD would be bringing over deals so probably at the higher end of the base salary. Any of you have insight on the % of base-salary a MD can expect to get as his bonus in a good year?
2-3x, but it is just a guess and really dependent on the size and flow.
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