What does an IB P&L look like?
Imagine this differs vastly amongst banks. Assuming its an IB advisory group within a broader bank, is the bank take % a fixed or variable amount? and what % of fees does the bank take?(ex. below)
Advisory Fees: $100
Bank Take (50% fixed): $50
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GP: $50
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SG&A
Salary $25
Travel $10
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OpIn / Bonus Pool $15
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bump
Evercore and a few other advisory-only banks are public, you can just pull their filings. I took a quick scan and about 70% of their revenue goes to payroll... it's not broken out between salary / MD comp / rank-and-file bonuses, but you could probably back into it
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